Set guardrails before your first trade (part 4 of 5)

Welcome to part four. Jordan has a starter bot. Before it trades, Jordan sets the guardrails: simple limits that keep losses in check. Guardrails apply to every order, whatever the signal says, and they are set for the bot you just chose. First, the daily loss cap. Once the bot loses this much in a day, it stops opening trades. Jordan lowers it from $300 to $250. Next, maximum contracts per trade. It caps how much a single entry can buy. This bot buys up to two. Leave either blank to keep the default. The third limit covers everything. One daily loss limit for live trading across all your broker accounts. It is already filled in for you. Clear it only if you want no combined limit. Enter something that will not work and you see why right under the field. Fix it and you are ready to go. Reset to Defaults brings back the recommended limits. One last look. Your starter bot, your paper broker, your limits. And live trading stays off until you turn it on. Choose Go to Dashboard. Your starter bot is linked to your paper broker and switched on. In the final part, we tour the dashboard and watch Jordan's first trade. See you there.