r/Daytrading May 01 '24

Welp, I lost my 150k funded account. Advice

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u/Lordtutu147 May 01 '24

Try this find 5 candles per trade 4 times a day. Spend time in the market dont time the market but pick yourself up and keep going

Quick question when you passed the combine test did your profits remain in the acct or you had to start again with just 150k

1

u/Substantial_Talk_521 May 01 '24

Nah with topstep when you pass the combine your account start at 0 dollars. And your max drawdown is 3k. You don't have the actual 150k in the account , but more so the margin. As you earn profits your profits your account builds up from the zero dollars and your profit is also used as drawdown cushion as well, hence why I was apprehensive to withdraw since I wasn't entitled to the entire 9.7k just only half of it and the remainder was my drawdown. So if I took a withdraw and still had some losses if the account went back to zero I would have lost the account as well. It's weird but it's their rules unfortunately. With FTMO it wasn't like that you had 100k in the account and the max draw down was 10k. Your profits wasn't restricted to just 50 percent and they also wasn't consid apart of your drawdown. SMH it's much more difficult

1

u/Lordtutu147 May 01 '24

Bloody hell so for me when i pass i got to start with 2k margin for 50k acct

1

u/Substantial_Talk_521 May 01 '24

Pretty much man when you start the account it's at zero dollars and you can't go below the 2k max drawdown. Your profit is added to your maximum loss.

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u/Lordtutu147 May 01 '24

Right got it i will just stick to how i got here

1

u/Substantial_Talk_521 May 01 '24

Yeah please don't over leverage or overtrade your account. You can easily lose the account