![]() Only risk capital-money that can be lost without jeopardizing one’s financial security or lifestyle-should be used for trading and only those individuals with sufficient risk capital should consider trading. An investor could potentially lose all or more than the investor’s initial investment. Use of the information contained on the Company’s websites is at your own risk and the Company and its partners, representatives, agents, employees, and contractors assume no responsibility or liability for any use or misuse of such information.įutures and forex trading contain substantial risk and is not for every investor. Testimonials appearing on the Company’s websites may not be representative of other clients or customers and is not a guarantee of future performance or success. None of the information provided by the Company or contained herein is intended as (a) investment advice, (b) an offer or solicitation of an offer to buy or sell, or (c) a recommendation, endorsement, or sponsorship of any security, company, or fund. If repeat violations, Topstep may ban the trader from use of all or a portion of the Site and Services.Īll content published and distributed by Topstep LLC and its affiliates (collectively, the “Company”) is to be treated as general information only. If Topstep identifies trading activity that, in its sole discretion, relates to Prohibited Conduct, Topstep reserves the right to, delete the trading day and all profits, restart the account or close the account. To mitigate Prohibited Conduct, gambling behavior and exploiting the simulated environment, all trading accounts that have any trade day that exceeds 200 total contracts will be subject to review by our Risk and Compliance Team. If the balance falls below the minimum account balance, you will be pulled from your trades right away, and the rule is considered broken. In the Live Funded Account and Premium Funded Account®, this rule is calculated intraday based on the end-of-day balance from the previous day. You can keep track of the rule in relation to your account using your dashboard. So, you can exceed this threshold intraday but by the end of the day your account must be above this limit to avoid the rule violation. In the Trading Combine ®, Express Funded Account ™, and Pro Account, this rule is calculated at the end of the day. This means that if you were to make $2,500 the next day and your account balance is $52,500, your Trailing Maximum Drawdown will move up to $50,000 and stay there until the account is passed into Step 2, reset or canceled. ![]() This number will not go below $48,500 for the remainder of that evaluation period.Īlso, once the Trailing Maximum Drawdown reaches the initial starting balance of your account, it won’t change for the remainder of your evaluation period. If you were to lose $500 the next day your account balance goes back to $50,000, but your minimum account balance will remain $48,500. If you make $500 on the first trading day in the $50K account, your account balance will be $50,500 which will make your Trailing Maximum Drawdown $48,500 ($2,000 from the account balance high). ![]() ![]() An example and visual representation of how to calculate that is listed below: The Trailing Maximum Drawdown is calculated from your account balance high. It is in place to help traders keep the profits they've earned and encourages them not to give too much back to the markets. The Trailing Maximum Drawdown is a minimum account balance that trails with your profits made in the account.
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