Free Trading Calculator
Daily Loss & Drawdown Calculator
Calculate your daily loss limit, planned trading risk, and remaining loss room before or during the trading session. Free to use. No account required.
Define your limits.
Stay disciplined.
Protect your capital.
Daily Risk Calculator
Know Your Risk Before the First Trade.
Enter your trading limits below and NMFR will show whether your planned trade count and risk per trade fit inside your daily loss limit.
How It Works
Plan Your Risk Before Emotion Gets Involved.
This calculator compares your daily loss limit, risk per trade, and maximum number of trades so you can see whether your trading plan is internally consistent before the session begins.
- Enter your account size
- Set your daily loss limit
- Enter your risk per trade
- Choose your maximum trades per day
- Review total planned risk and remaining loss room
- Adjust your plan if the numbers do not fit your rules
Example Calculation
$50,000 Account With a $500 Daily Loss Limit
Here is an example using sample values.
- Account Size
- $50,000
- Daily Loss Limit
- $500
- Risk Per Trade
- $250
- Maximum Trades Per Day
- 4
- Current Daily P&L
- $0
- Daily Loss Limit
- 1.00% of account
- Maximum Planned Risk
- $1,000
- Maximum Planned Risk
- 2.00% of account
- Full-Risk Losses to Daily Limit
- 2
- Remaining Loss Room
- $500
- Risk Status
- Exceeds Daily Limit
Your plan allows 4 full-risk trades, but your daily loss limit can absorb only 2 full-risk losses.
During the Session
Know How Much Loss Room You Have Left.
If you enter your current daily P&L, NMFR calculates how much additional loss would bring you to the daily loss limit you entered.
If your daily loss limit is $500 and your current P&L is -$300, your remaining loss room is $200.
Use this calculator before the market opens to make sure your planned number of trades and risk per trade fit within your daily loss limit. Adjust your plan if needed.
Your Limits. Your Plan.
A Risk Calculator, Not a Trading Rule.
NMFR does not determine what your daily loss limit or risk per trade should be. You enter your own limits and the calculator shows how those numbers interact.
- You choose your daily loss limit
- You choose your risk per trade
- You choose your maximum trade count
- NMFR performs the calculations
Sizing a single trade? Use the ATR Position Size Calculator. Want your limits visible all session? See Fiddle Switch.
FAQ
Common Questions.
What is a daily loss limit?
A daily loss limit is the maximum amount a trader chooses to lose during a single trading session before stopping for the day.
How do I calculate maximum planned risk?
Multiply your risk per trade by the maximum number of trades you plan to take.
What does remaining loss room mean?
Remaining loss room is the amount your current daily P&L can decline before reaching the daily loss limit you entered.
Does NMFR recommend my daily loss limit?
No. You choose your own risk limits. NMFR only performs calculations using the values you enter.
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- Free calculators for all traders
- Fast and easy to use
- Use your own numbers and rules
- No account required to calculate