Professional Level Risk Managment Controls

We all have bad days, even the best of us. The one difference I found after retiring from the professional prop firms, not having live/dedicated risk controls. I understand live attention cannot be given to everyone, however almost all of those features a live risk manager offers can be built into a platform that any serious trader should make use of.

Suggestions of Risk Controls.

1. All controls should be able to be locked out for the day or week and only be able to be changed post market.

2. Daily Max Loss - that cannot be changed until post market.

3. Max Weekly Loss

4. Trailing Drawdown for the Day Liquidation.

5. Restriction of how many shares/lots can be used beyond the generic limits.

5. Ability to limit instruments, i.e. only allow micros to be traded vs mini's

I personally have witnessed guys without any self-control go from poor traders to very profitable traders just by limiting their daily loss to a fixed number where they had no control. Adding these features, where they cannot be modified, will turn some average/borderline performers into elite traders just through pure brute forcing self-control by taking actual self-control out of the picture. I do not know one real prop firm that would allow any of their live traders to trade without custom fixed settings, no matter how good. It should be available for all in some magnitude as a tool, even in the Combine/XFA

These features would further differentiate Topstep from the pack of firms just looking to churn accounts, showing it has its trader's long term success as one of its core tenets.