A cap on how large any single day can be as a share of total profit, usually gating payouts.
The most you can lose in a single day before the firm ends your trading session.
The drop from an equity peak to a later trough, measured in currency or percent.
When a trailing floor stops climbing once it reaches the starting balance.
A trailing floor that only steps up at each daily close, never intraday.
The paid test phase a trader passes to earn a funded account.
The average result per trade, in R or currency, over many trades.
A trading account where the firm's capital is at risk and you keep a share of the profit.
A trailing floor that follows every new equity high the moment it prints, including open trades.
Topstep's term for the trailing drawdown floor that ends the account if breached.
The fewest days you must trade before an evaluation can pass.
Taking more trades than your edge or plan justifies, usually eroding results.
A withdrawal of your profit share from a funded account, subject to the firm's rules.
The standard smallest price move in a forex pair, used to size and measure trades.
Choosing how many contracts or lots to trade based on the cash you'll risk.
Gross profit divided by gross loss: how many pounds you make per pound lost.
The gain you must reach to pass an evaluation, set in currency or percent.
A trade's result expressed in units of the amount you risked (R).
Trading to win back a loss rather than because a setup is present.
The probability that a string of losses takes your account below a survivable level.
A firm's schedule for increasing your account size as you hit profit and consistency milestones.
A fixed maximum-loss line measured from the starting balance that never trails your profit.
The dollar change per one-tick move in a futures contract.
An emotional state after losses where decision quality drops and risk-taking rises.
A maximum-loss line that follows your equity peak up instead of staying fixed at the start.