{"id":6395,"date":"2026-09-18T15:28:13","date_gmt":"2026-09-18T13:28:13","guid":{"rendered":"https:\/\/propaccount.com\/?post_type=glossary&#038;p=6395"},"modified":"2026-09-18T15:28:13","modified_gmt":"2026-09-18T13:28:13","slug":"what-is-a-high-water-mark-in-prop-trading","status":"publish","type":"glossary","link":"https:\/\/propaccount.com\/de\/resources\/glossary\/what-is-a-high-water-mark-in-prop-trading\/","title":{"rendered":"Was ist ein H\u00f6chststand im Eigenhandel?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A <\/span><b>H\u00f6chststand<\/b><span style=\"font-weight: 400;\"> ist der h\u00f6chste Kontostand, den ein finanzierter Trader erreicht hat, der als Referenzpunkt f\u00fcr die Berechnung bestimmter Regeln und Auszahlungen verwendet wird. Im Prop-Trading erscheint der H\u00f6chststand am h\u00e4ufigsten in zwei Kontexten: als Ankerpunkt f\u00fcr die Berechnung des Trailing Drawdowns und bei einigen Firmen als Schwelle, oberhalb derer zuk\u00fcnftige Gewinnbeteiligung ausgezahlt wird.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wenn eine Firma einen Trailing Drawdown verwendet, ist der H\u00f6chststand der h\u00f6chste Kontostand, den das Konto erreicht hat, und das Drawdown-Limit folgt ihm in einem festen Abstand. Bei einem $100.000-Konto mit einem $5.000 Trailing Drawdown, wenn das Konto auf $108.000 w\u00e4chst, wird dies der neue H\u00f6chststand und die Drawdown-Schwelle steigt auf $103.000. Wenn das Konto dann auf $104.000 zur\u00fcckf\u00e4llt, wird kein neuer H\u00f6chststand gesetzt. Die Schwelle bleibt bei $103.000, bis ein neues Hoch erreicht wird.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Einige Firmen wenden einen H\u00f6chststand auch auf Auszahlungsberechnungen an, insbesondere bei Skalierungsprogrammen, bei denen zus\u00e4tzliche Gewinnbeteiligung nur auf Gewinne oberhalb des vorherigen H\u00f6chststands gezahlt wird. Dies verhindert, dass ein Trader nach einem Drawdown und einer Erholung zweimal f\u00fcr die gleichen Gewinne bezahlt wird. Wenn das Konto $110.000 erreicht, auf $100.000 zur\u00fcckf\u00e4llt und sich dann auf $105.000 erholt, wird keine zus\u00e4tzliche Auszahlung ausgel\u00f6st, da der Kontostand immer noch unter dem $110.000 H\u00f6chststand liegt. Die n\u00e4chste Auszahlung erfolgt, wenn das Konto $110.000 \u00fcberschreitet.<\/span><\/p>","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"glossary-category":[131],"class_list":["post-6395","glossary","type-glossary","status-publish","hentry","glossary-category-trader-glossary"],"acf":{"target_keyword":"high water mark","glossary_post_image":"","key_takeaway":"Key Takeaway","key_takeaway_description":"A high water mark is the peak account balance a funded trader has reached. In prop trading, it functions as the anchor point for trailing drawdown calculations and, at some firms, as the threshold above which future profit share is paid. ","faq":"<b>What is a high water mark in trailing drawdown?<\/b>\r\n\r\n<span style=\"font-weight: 400;\">The high water mark is the highest balance the account has reached. On a trailing drawdown structure, the drawdown limit trails behind the high water mark at a fixed distance. Each time the account reaches a new peak, the drawdown threshold moves up with it, but never resets downward if the account draws back.<\/span>\r\n\r\n<b>Does the high water mark ever reset?<\/b>\r\n\r\n<span style=\"font-weight: 400;\">Not while the account is active on the same plan. The high water mark is set at the first peak the account reaches and only moves upward from there. On some plans, the high water mark can lock at a specific threshold, at which point the trailing behavior converts to static.<\/span>\r\n\r\n<b>How does the high water mark affect payouts?<\/b>\r\n\r\n<span style=\"font-weight: 400;\">At firms that apply it to payouts, additional profit share is only paid on balances above the previous high water mark. This prevents duplicate payment on the same profits after a drawdown and recovery.<\/span>"},"_links":{"self":[{"href":"https:\/\/propaccount.com\/de\/wp-json\/wp\/v2\/glossary\/6395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propaccount.com\/de\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/propaccount.com\/de\/wp-json\/wp\/v2\/types\/glossary"}],"wp:attachment":[{"href":"https:\/\/propaccount.com\/de\/wp-json\/wp\/v2\/media?parent=6395"}],"wp:term":[{"taxonomy":"glossary-category","embeddable":true,"href":"https:\/\/propaccount.com\/de\/wp-json\/wp\/v2\/glossary-category?post=6395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}