What are the topstep trading rules?

Topstep’s essential trading rules encompass maintaining losses within the Maximum Loss Limit, adhering to the set trading hours, and not engaging with forbidden financial instruments. while the objectives are reaching the profit target, not exceeding the daily loss limit and respecting the consistency target.

What is the maximum loss limit in the topstep trading combine?

The Maximum Loss Limit in the Topstep Trading Combine is determined based on the highest balance achieved in a trader’s account, referred to as the ‘high watermark.’ When a trader’s account value increases, the high watermark adjusts upwards accordingly. The Maximum Loss Limit is then set as a specific amount below this high watermark.

What is a daily loss limit?

First, let’s take a quick at what a Daily Loss Limit is. A Daily Loss Limit (DLL) is the maximum amount of money a trader is willing or allowed to lose in a single trading day. The DLL is widely considered one of the more crucial risk management tools for helping traders control their potential losses and protect their trading capital.