The maximum amount, set by the exchange, that the price of a stock, commodity or futures/options contract can rise or fall in a single day.In some cases, trading in an asset is automatically suspended when the daily limit is reached. The account automatically becomes ineligible for a Funded Account® once the Daily Loss Limit is exceeded. For example, in a $150K Trading Combine ®, the Daily Loss Limit is $3,000. Therefore, if at any point during the trading day your Net P&L hits or exceeds -$3,000, the Daily Loss Limit is considered hit.