diff --git a/crates/ml/src/trainers/dqn/financials.rs b/crates/ml/src/trainers/dqn/financials.rs
index c203ce3b9..b6149cbec 100644
--- a/crates/ml/src/trainers/dqn/financials.rs
+++ b/crates/ml/src/trainers/dqn/financials.rs
@@ -125,17 +125,19 @@ pub(crate) fn compute_epoch_financials(
     let mut max_dd = 0.0_f64;
     for (idx, &ret) in returns[dd_start..].iter().enumerate() {
         let global_idx = dd_start + idx;
-        // Reset equity at episode boundaries (capital floor / episode end)
+        equity *= 1.0 + ret;
+        if equity > peak {
+            peak = equity;
+        }
+        // Reset equity AFTER processing the done bar's return.
+        // The done bar's loss is part of this episode's DD — the reset
+        // applies to the NEXT bar (start of new episode with fresh capital).
         if global_idx < trade_stats.done_flags.len()
             && trade_stats.done_flags[global_idx] > 0.5
         {
             equity = initial_capital;
             peak = initial_capital;
         }
-        equity *= 1.0 + ret;
-        if equity > peak {
-            peak = equity;
-        }
         let dd = if peak > 1e-10 {
             (peak - equity) / peak
         } else {