The spin-down rate of PSR J1023+0038, one of the three confirmed transitional millisecond pulsars, was measured in both radio pulsar (RMSP) and X-ray pulsar (LMXB) states. The spin-down rate in the LMXB state is only about 27% greater than in the RMSP state (Jaodand et al. 2016). The inner disk radius, r in , obtained recently by Ertan (2017) for the propeller phase, which is close to the co-rotation radius, r co , and insensitive to the mass-flow rate, can explain the observed torques together with the Xray luminosities, L x . The X-ray pulsar and radio pulsar states correspond to accretion with spin-down (weak propeller) and strong propeller situations respectively. Several times increase in the disk mass-flow rate takes the source from the strong propeller with a low L x to the weak propeller with a higher L x powered by accretion on to the star. The resultant decrease in r in increases the magnetic torque slightly, explaining the observed small increase in the spin-down rate. We have found that the spin-up torque exerted by accreting material is much smaller than the magnetic spin-down torque exerted by the disk in the LMXB state.These discoveries are rather surprising, because, according to conventional models, neutron stars are expected to be in the propeller phase without any accretion for low X-ray luminosities (Illarionov & Sunyaev 1975). In many theoretical models, inner radius of the disk, r in , is estimated to be close to the conventional Alfvén radius, r A , while mass accretion onto the star is expected when the innermost disk