How many losing trades can I take this month before I hit my monthly loss limit?

How this is calculated

• Your monthly loss limit in dollars is either the percentage you enter multiplied by your account size, or the flat dollar amount you enter directly.
• Remaining monthly risk budget equals your monthly loss limit minus whatever you've already lost this month.
• Losing trades remaining equals the remaining monthly risk budget divided by your dollar risk per trade, rounded down to a whole trade.
• A monthly limit is the widest circuit breaker of the three. It catches a slow bleed across several weeks that each individually stayed under a daily or weekly cap but still add up to a damaging month. Many traders run daily, weekly, and monthly limits together, with each one tighter than the last.
• This tool assumes every remaining loss is a full loss at your stated risk per trade. Actual losing trades can be smaller or larger than your planned risk if a stop is missed or slipped.