My recent payout got denied to the following reason.Account Closure Due to Risk Management ViolationYour account exceeded our 35% risk threshold after reaching 20% equity growth.As a result, your Elite account has been reset.ETF was very kind to reset my account and in most cases this kind of activity would’ve closed my account.To me, this rule feels a bit counterproductive, especially considering that it actually incentivizes traders to stay below the 20% profit mark until after their payout. That seems backwards.I feels like this rule penalizes successful traders who have done the hard work of building up their account. Again what’s the point of the drawdown and have this rule in place? Having a drawdown in place is already demonstrating traders proper risk management and I never hit my drawdown. Before submitting my payout request I finished my 10k static account at 11,615. Very disappointment that my stats and gains got completely wiped out and I’ll never see them again. I do have to say I’ve gotten some payouts with this prop firm but this rule raises a lot of concerns. It almost feels like I wasted my time trading to get my account back up above the safety net and never hit my drawdown of $500.
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