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."

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Date

7 days ago

Author

AMIT KUMAR

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