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The Discipline Kill-Switch" (Automated Daily Limits)

The Problem

​Emotional trading is the #1 killer of trading accounts. Even the best traders can lose control after a string of losses (revenge trading) or become overconfident after a big win (over-trading). Currently, there is no "hard stop" to prevent a user from breaking their own rules.

​The Proposed Solution

​A Daily Risk & Reward Lock-out system. This allows users to set hard limits on their daily performance. Once reached, the platform effectively "freezes" trading capabilities for that instrument or account until the next session.

​Key Functional Requirements

  1. ​Hard Stop Limits:

    • ​Max Daily Loss (MDL): If the realized loss hits ₹X, all open positions are squared off, and new orders are blocked.

    • ​Daily Profit Target (DPT): If the realized profit hits ₹Y, the user is prompted to "protect their winnings," and further trading is disabled.

  2. ​The "Commitment Lock":

    • ​Once these limits are set and saved for the day, they cannot be changed or increased until the market closes. This prevents "cheating" your own rules during a losing streak.

  3. ​Visual Countdown/Warning:

    • ​A progress bar on the dashboard showing how close the trader is to their "Daily Max Loss."

    • ​A notification pops up when the trader is within 80% of their limit.

  4. ​Order Blocking:

    • ​If a user tries to click "Punch to Buy" after hitting a limit, the button should be grayed out with a message: "Daily Limit Reached. Take a break and trade tomorrow."

Status: Completed4 comments

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Comments4

  • Archit Sunat changed status to Completed
    •

    Jun 1

    Pinned

    Hi traders,

    Kill Switch is now live on Punch.

    You can activate kill switch by segment. Punch will auto-square-off and cancel your active positions and open orders respectively.

    You can also set a timer on how long do you want to pause your trading - 1 hour to 8 hours.

  • PODAVUR VENUGOPAL CHANDRAKUMAR

    •

    Feb 7

    These are real required for small traders like us

    Emotions and chasing the price only human drawback

  • MAHENDRA SINGH RATHORE

    •

    Jan 31

    Yes sir very important for everyone

  • SHAILENDRA KUMAR MISHRA

    •

    Jan 30

    Yes sir very important for everyone