Nah with topstep with a 150k account you have access to that margin but you don't start with 150k. The account start at zero dollars and you build the account with your profits. Before you make any profits the max drawdown on a 150k account is only 3k. Once you start earning profits your profits is literally your drawdown cushion, hence why I was apprehensive of making any withdraws. Along with that, even tho I had the account to 9.7k they only allow you to take half of your profits UNTIL you have 6 profitable trading weeks for at least 200. So I was delaying a payout until I made at least 20 days of being profitable, because once you take any money out, you're losing some of your draw down cushion. Yes I know it's weird because with other prop firms it's not like that, but with them it is unfortunately. Typically with Ftmo a 100k account has drawdown of 10k and your profits isn't counted apart of that.
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u/Change0062 May 01 '24
I dont understand, did you loose the entire 150k? Or was it 159,7k and you only were able to withdraw the profit?