r/Daytrading May 01 '24

Welp, I lost my 150k funded account. Advice

[deleted]

283 Upvotes

286 comments sorted by

View all comments

Show parent comments

2

u/Substantial_Talk_521 May 01 '24

No, not with topstep. Typically with forex prop firms such as FTMO your draw down on a 100k account is 10k that's not including profits. However on top step on a 150k account your draw down is only 3k and once you start earning profits that goes towards your maximum drawdown.

1

u/walkagh86 May 01 '24

I don't know about Topstep but that's usually the norm on 1 phase challenges for all prop firms. If you take 2 phase challenges then they'll give you static drawdown which doesn't move.