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How does the Daily Pause work on Stocks accounts?

On Stocks accounts, the daily pause indicates the maximum amount you can lose in a single day before we close all open positions and pause your trading until the next trading day.  

Your updated daily pause limit is visible on your dashboard and is updated daily at 16:15 CT when the markets close.

For example:

If you have a $25,000 Stocks account and your Daily Pause is $500, you will see on your Dashboard that your Daily Pause limit is set to $24,500, meaning if your current equity (unrealized balance) drops below $24,500, your demo account will be disabled until the next trading day.

If you stop your day at $24,600 balance, then at 16:15 CT when we calculate your new Daily Pause limit for the new day, we will subtract the $500 Daily Pause you are allowed and you will see the new Daily Pause limit on your Dashboard set at $24,100 (Previous day's closing Balance - Daily Pause limit).