When you withdraw your gains on your 1-Step account, Top One Trader will also withdraw its share of the gains, and your maximum drawdown will lock in at your starting balance.
From this point on, no matter how much you grow your account, your drawdown remains locked in at the starting balance.
– Ensure your trades don’t dip below this drawdown after a withdrawal. For instance, if you have a $100,000 account and grow your account to $125,000. Should you decide to withdraw $24,000, you need to be cautious since you’d be only $1,000 away from your drawdown of $100,000.
– Here’s a tip: If your account balance is $125,000, and you withdraw $10,000, this puts your account balance at $115,000. This means you have a $15,000 cushion to work with before nearing the $100,000 drawdown.