Trade & position caps
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Caps are hard limits orders must clear before submission — breached caps block the order, full stop. Risk & Caps exposes the complete set:
| Cap | Limits |
|---|---|
| Per-trade $ | Dollar size of any single order |
| Per-day $ | Total dollars deployed in one trading day |
| Max trades per day | Order count in one trading day |
| Position cap — equities | Any single equity position’s share of the account |
| Position cap — crypto | Any single crypto position’s share of the account |
| Sector cap | How much of the account sits in any one sector |
| Single-factor cap | How heavily the strategy may lean on any one of its four scoring measures (factors) |
Dollar caps are exact
Dollar caps are exact to the cent. A $500.00 per-trade cap means $500.00, not $500.0000001.
When a cap fires
The order is blocked and the event lands in your audit log (and, if you’ve switched it on in your per-event notification settings, a risk-cap notification). Caps protect in both environments — paper breaches are how you tune limits before they guard real money.