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SMART Glossary

Account Equity

Beginner
Trading ConceptsAlso known as: trading equity, total account value

The total value of a trader’s futures account, including the cash balance plus unrealized profits or losses from open positions. It reflects the current worth of the account at any given moment.

Why It Matters

  • 1Account equity is used to calculate margin requirements, drawdowns, and eligibility for payouts in prop firm accounts.
  • 2Monitoring equity helps traders manage risk and avoid margin calls or rule violations.

Example

  1. 1A trader has $50,000 in cash and holds open positions with $2,000 unrealized profit.
  2. 2The account equity is $52,000. If the open positions turn into a $1,000 unrealized loss, the equity drops to $49,000.

Common Mistakes

  • Confusing account equity with balance.
  • Ignoring unrealized profits or losses when planning trades
  • Failing to track equity changes, risking margin violations

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