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Two places on the trading terminal describe the account: the bar across the top, and the Account summary panel next to the Prop rules.

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Equity, target, breach

  • Equity: balance plus the unrealized P&L of open positions. It moves with every mark price tick, not only when a trade closes, and both loss limits are checked against it.
  • Target: how far equity is from the profit target, 10% above the starting balance.
  • Breach: how far equity is from the nearer loss floor, in dollars.
Two distances matter: how far equity is from a breach, and how far it is from the target. Size a position by what it can do to equity; when sizing a position, it is a good habit to consider its potential impact on equity relative to profit target and loss limits.

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Account summary panel

OWNIT trading terminal with Account Summary highlighted: margin ratio, equity, balance, unrealized P&L, maintenance margin, and account leverage.
Each value and its definition:
  • Margin ratio: maintenance margin ÷ equity. At 100%, positions liquidate.
  • Balance: closed trades only.
  • Unrealized P&L: open positions, before closing fees.
  • Net P&L: after opening fees, closing fees, and funding.
  • Maintenance margin: collateral needed to keep positions open.
  • Account leverage: total notional ÷ equity.

Rulebook

How max loss, max daily loss, and profit target are measured, with a $100,000 example.