{"term":{"slug":"eod-drawdown","term":"EOD Drawdown (End-of-Day Trailing)","definition":"A trailing drawdown variant where the floor only updates at the end of each trading day based on the closing balance. Intraday profit spikes do not permanently raise the floor, making it more forgiving than intraday trailing.","extendedExplanation":"EOD trailing drawdown is the middle ground between static and intraday trailing. The floor only moves at the end of the day when your closing balance exceeds the previous high-water mark. This means intraday profits that are given back before the close do not raise the floor.\n\nTopStep uses EOD trailing drawdown. If you make $2,000 intraday but close the day up only $500, the floor only moves up by $500 (based on closing balance), not $2,000 (based on intraday high). This is a significant advantage for day traders who capture intraday swings.\n\nThe EOD calculation typically uses the higher of your end-of-day balance or the previous floor. Once the floor reaches the starting account balance, it stops trailing (at some firms). This \"lock-in\" point is important because it means any further profits are pure cushion.","exampleWithNumbers":"TopStep $100K with $3,000 EOD trailing drawdown: floor starts at $97,000. Day 1: you make $4,000 intraday but close at $101,500. Floor moves to $98,500 (closing balance minus $3,000). Day 2: you make $5,000 intraday peak but close down $200 at $101,300. Floor stays at $98,500 because closing balance did not exceed previous high. With intraday trailing, the floor would have jumped to $103,000 on that $5,000 peak.","category":"drawdown","relatedTerms":["trailing-drawdown","intraday-drawdown","drawdown-floor","static-drawdown"]},"_links":{"self":"https://runvigil.app/api/glossary/eod-drawdown","page":"https://runvigil.app/learn/eod-drawdown","allTerms":"https://runvigil.app/api/glossary","learn":"https://runvigil.app/learn"}}