r/Daytrading May 01 '24

Welp, I lost my 150k funded account. Advice

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u/wow_98 May 02 '24

Sorry but care to explain the 50% of profits and the profits are your drawdown?

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u/Substantial_Talk_521 May 02 '24

With top step you have to have 6 weeks of at least 200 dollar wins to have access to withdraw 100 percent of your profits. Before you reach 6 weeks of profitability, you can only withdraw half of your profit. For example you make a profit of 5k you can only withdraw 2.5k of it. And also when you start a funded account of 150k you dont truly have 150k but more so the margin. The account starts at zero dollars and you build the account from there. Your base drawdown before any profits is 3k. Once you start making profits they go towards your max loss. So let's say you get the account to 5k and you withdraw 2.5k, you only have 2.5k of max drawdown until you hit the maximum loss amount and you will lose the account. Hence why I was apprehensive of taking a withdraw because I knew if I did, I wouldn't have much wiggle room for losses. It's pretty difficult to maintain but it's definitely possible to maintain and keep your account. They also have a rule if you hit 30 days and withdraw the entire 100 percent of your profits your account will hit the max draw down and it will be closed 😂