Does TradeDay Have a Daily Loss Limit?
The Simple Answer
No. TradeDay runs a single failure rule, the maximum drawdown, and does not use a daily loss limit.
Below is a breakdown of how the TradeDay daily loss limit applies across every account type the firm offers.
Daily Loss Limit by Account Type
Breakdown by Account Type
Quick Pay evaluation
No daily loss limit applies. Quick Pay asks for 5 trading days and a 30% consistency rule, and the only way to fail is exceeding the maximum drawdown.
Fast Pass evaluation
Also no daily loss limit. Fast Pass has no minimum trading days and a looser 45% consistency rule, with the maximum drawdown again the single failure condition.
Funded
Funded accounts carry the same structure. TradeDay states its rule set plainly as one rule and one way to fail, which is the maximum drawdown.
Final Comments
A daily loss limit is the rule most traders breach first, usually on a day they were already losing. Know your number before the session starts, and check it against your own platform rather than assuming the firm will stop you in time.
Learn more details and compare prop firm discounts here: Propvator.com.
Compare rules, pricing and live discounts across every prop firm in one place.
FAQ
Does TradeDay have a daily loss limit?
No. TradeDay runs a single failure rule, the maximum drawdown, and does not use a daily loss limit.
What is the daily loss limit on a Quick Pay evaluation account?
No daily loss limit. No daily loss limit applies. Quick Pay asks for 5 trading days and a 30% consistency rule, and the only way to fail is exceeding the maximum drawdown.
What is the daily loss limit on a Fast Pass evaluation account?
No daily loss limit. Also no daily loss limit. Fast Pass has no minimum trading days and a looser 45% consistency rule, with the maximum drawdown again the single failure condition.
What happens if I hit the TradeDay daily loss limit?
Funded accounts carry the same structure. TradeDay states its rule set plainly as one rule and one way to fail, which is the maximum drawdown.
How can I track my TradeDay daily loss during the session?
Most futures platforms show realised and unrealised profit and loss live, and commissions usually count toward the limit. Set your own alert well before the number rather than trusting the platform to stop you at it.
