Max Loss Per Trade
I see that we have a bracket system set up, but there should be a max loss per trade allowed for when you do a market order without the bracket protection in place, especially if you want to free float for a bit. This is also protectionary for people that might do revenge trading and it helps prevent ongoing losses.
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Comments4
Ram Kodi
Jun 10
•Merged request
•4 votes
Position Sizing
Right now we do have risk per trade.
The max we can risk on any given trade. Ideally market does not care what I want to risk.
There should be an option for me to put a stop loss based on the pivot point or wherever on the chart and entry price.
Based on the range the number of contracts I can take will be caluclated.
Ex: if my entry is on 100 and I place my stop loss at 98 and I want to risk $100 per trade then I can take 50 shares(I know we do only futures, just for an example).
2nd example if my entry is 100 and my stop loss is not until 95 based on the chart then I can take only 20 instead of 50 in the above example.
This will make a huge difference.
Jordan Werner
Feb 22, 2025
This is a great feature that VERY few platforms have and would set topstepx apart. DAS Trader Pro allows is via custom hotkeys but thats the only thing i can think of. PLEASE TOPSTEP!
TraderLarry
Jun 10
•Merged request
•2 votes
Max Loss Per Trade Setting
I think it would be very helpful to have a "max loss per trade" setting available in the risk settings sections of TopstepX. Direct access brokers have max daily loss AND max loss per trade settings available. Having this feature would help control risk, especially when up for the day, say $1000, and we could set a max loss per trade setting to be $250, with the option to lock out for the day if triggered. This would help prevent some of the wide pnl swings.
Justin
Apr 7, 2025
What is the status on this? I would like this because of days like the Trump trading, we may think our normal stop losses are too tight and need to free float for a little bit.