diff --git a/crates/ml/examples/train_baseline_rl.rs b/crates/ml/examples/train_baseline_rl.rs
index db98f99c5..295ea73f2 100644
--- a/crates/ml/examples/train_baseline_rl.rs
+++ b/crates/ml/examples/train_baseline_rl.rs
@@ -246,6 +246,11 @@ struct Args {
     #[arg(long)]
     no_branching: bool,
 
+    /// Initial trading capital in dollars. Lower capital teaches conservative
+    /// position sizing. Must match hyperopt --initial-capital for consistency.
+    #[arg(long, default_value_t = 35_000.0)]
+    initial_capital: f64,
+
     /// Named training profile to load from config/training/<profile>.toml.
     /// Profile values are applied after hyperopt JSON but before explicit CLI args.
     /// Known profiles: dqn-production, dqn-smoketest, dqn-hyperopt.
@@ -568,6 +573,7 @@ fn train_dqn_fold(
     hyperparams.batch_size = hp_usize(hp, "batch_size").unwrap_or(args.batch_size);
     hyperparams.learning_rate = hp_f64(hp, "learning_rate").unwrap_or(args.learning_rate);
     hyperparams.max_training_steps_per_epoch = args.max_steps_per_epoch;
+    hyperparams.initial_capital = args.initial_capital as f32;
 
     // Create DQNTrainer -- auto-detects GPU, mixed precision, dynamic batch sizing
     let mut trainer = DQNTrainer::new(hyperparams)
diff --git a/infra/k8s/argo/compile-and-train-template.yaml b/infra/k8s/argo/compile-and-train-template.yaml
index 7c5ab3142..96880ff4e 100644
--- a/infra/k8s/argo/compile-and-train-template.yaml
+++ b/infra/k8s/argo/compile-and-train-template.yaml
@@ -496,6 +496,7 @@ spec:
               --tx-cost-bps {{workflow.parameters.tx-cost-bps}} \
               --tick-size {{workflow.parameters.tick-size}} \
               --spread-ticks {{workflow.parameters.spread-ticks}} \
+              --initial-capital {{workflow.parameters.initial-capital}} \
               --data-dir {{workflow.parameters.data-dir}} \
               --mbp10-data-dir {{workflow.parameters.mbp10-data-dir}} \
               --trades-data-dir {{workflow.parameters.trades-data-dir}} \