A daily loss limit is measured from your balance at the start of the trading session. If your equity falls by that amount during the session, every position is closed immediately and trading is paused until the next session opens.
It does not fail your account. The account trades again from the next session, evaluation and funded account alike. The total drawdown is still enforced at the same time, so a large enough single loss can still end the account through the drawdown floor.
Blueprint 25K offers a daily loss limit only if you choose one when you build the account. The limit you choose applies to the evaluation and stays on the funded account once you pass. Classic Agile 25K and Bedrock $25K Static Drawdown have no daily limit at all.
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