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Yeah, it means the next day your max loss is $1500. Exceed that and you fail the gauntlet, since the trailing DD is $4500. I think I got that correct.
Hello RedDuke and Overnight, The Daily Loss rule is based on your Profit & Loss (PnL) including both open (real-time/unrealized), closed trades and commissions. The PnL resets at the beginning of the trading day and is taken from the balance you start the day with. If we base this on the 150K account you are both referring to, this means you can't reach $3300 in realized on unrealized losses, or you will fail your Gauntlet Mini attempt, you need to stay on top of that amount.