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ES 7,673.25 · regime positive gamma50K XFA · to max loss $1,550call wall 7,715 · 0.4 EM · reach 67%flat by 3:10 PM CT · 30 mintrades this week 4 / norm 5consistency 34% of cycleES 7,673.25 · regime positive gamma50K XFA · to max loss $1,550call wall 7,715 · 0.4 EM · reach 67%flat by 3:10 PM CT · 30 mintrades this week 4 / norm 5consistency 34% of cycle
guides

The rules, with the numbers

One worry per page. Every figure is checked against the firm’s own help centre on the date shown, and the sources are at the bottom of each one.

Topstep
Topstep’s trailing drawdown, explained with the actual numbers
The Maximum Loss Limit on a Topstep Combine or Express Funded Account: how it trails, when it locks, why open P&L counts, and the mistake that ends most accounts.

Topstep
Topstep’s Daily Loss Limit is not what most people think
The Daily Loss Limit on Topstep Combines and Express Funded Accounts: the numbers per size, why hitting it is not a violation, what happens to your positions, and when it resets.

Topstep
Topstep payout rules: five winning days, the 40% option, and where the money goes
How a Topstep Express Funded Account payout actually works: $150 winning days, the consistency option, the 90/10 split, the caps, and what a payout does to your Maximum Loss Limit.

Apex
The Apex consistency rule in 2026: 50%, not 30%, and what it blocks
Apex Trader Funding’s payout consistency requirement on Performance Accounts: the current 50% rule, the legacy 30% rule, the safety net, minimum days and the payout caps.

Apex
Apex trailing drawdown: intraday vs end-of-day, and the $100 lock
How Apex Trader Funding’s trailing threshold works on intraday and EOD accounts, why unrealized profit moves it, when it stops trailing on a Performance Account, and what a breach does.

Any firm
You blew the prop firm account. Here is what to do in the next 48 hours
A breached Combine or funded account is not the end of a trading career, but buying a reset tonight usually is the wrong move. What the breach actually tells you, and what to do before the next one.

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© 2026 Vanguard Point LLC, Sheridan, Wyoming

Tapeworm is education and information. It describes market conditions and reflects your own trading arithmetic back to you. It does not recommend trades, route orders, or provide investment advice. Futures trading involves substantial risk of loss. Prop-firm rules are modeled from each firm's published terms; the firm's own dashboard is the record.