Daily loss caps that survive the US overlap

Bangkok desks that trade FX or US index futures live inside someone else’s afternoon. A daily loss cap written as “I will stop at 2R” fails when the second R prints during a data release you did not intend to trade, then a third attempt appears “to get back to flat before dinner.”

In studio we write the cap in two layers. Layer one is a hard cash figure for the calendar day, including commissions. Layer two is a behaviour rule: after the cap, the platform is closed, not watched. Watching is how the cap becomes a suggestion.

We also mark Thai bank holidays and US holiday-shortened sessions on the same paper calendar. Liquidity changes the honest width of a stop. A cap that ignores the calendar is a cap that will be argued with.

None of this is a promise that losses stay small. It is a promise that the day has an ending you can point to in the journal the next morning.