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Risk

Drawdown buffer (safety buffer)

Also known as: safety buffer, warning buffer

A self-imposed limit inside the firm's actual limit — your guardrail before the firm's guardrail.

A drawdown buffer is the percent (or absolute dollar) inside the firm's published rule where you choose to stop. If the firm's daily loss limit is $1,250 and your buffer is set at 80%, you treat $1,000 as the real limit. The buffer accounts for slippage, latency, and the fact that you don't want to be making decisions exactly at the edge.

The pattern: published limit is for paperwork, buffer is for trading. By the time you've hit the published number, you've already breached. The buffer gives you room to flatten or get auto-flattened before the firm-side check fires.

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