The Soft Daily Loss is a daily stop loss limit that we have implemented as a “Stop Loss” designed to protect the trader and encourage better capital management. Upon reaching this limit, you will be blocked from further trading for the rest of the day, which helps you avoid large losses in a single session. 🔒🛟
The idea behind this limit is that you don't lose your account in a single day due to a bad streak. Unlike the maximum drawdown, which results in the definitive loss of the account, the Soft Daily Loss only affects you temporarily, allowing you to resume your trades in the next session with a renewed focus. 🤝
It is important to mention that, although the platform generally liquidates trades when the limit is reached, it is not a completely infallible protection and may not do so, so it is important to always work protected with a Stop Loss for each of your positions.
