Risk Feature Upgrade Request : Personal Daily TRAILING Loss Limit (PDTLL):
On Profitable days, Funded Traders should be able to adjust their personal daily loss limit as an account balance appreciates in value intraday. Topstep already trails its risk parameters on us through the max/daily loss limits, why can’t we trail our own parameters?
-Example: “Trader closes her first position for 1,000$ profit, totaling a new balance of $51,000. Trader wants to continue to make trades but wants to lock out for the day automatically if the next trade is a 200$ loss. Trader Sets TopstepX to manually lockout if account balance depreciates to $50,800.”
Give us the flexibility we need to assess account balance risks a dynamic market environment without jeopardizing future intraday profit potential. Traders want to make more money, Risk managers want to keep more money, and Topstep wants to keep more Traders. Everyone wins with this Feature.
Log in to comment and vote
Comments13
MelanieQuantum
Apr 13, 2024
Absolutely, or a stop limit of your Gain by 75% of you reach 1000$ you can't lose more than 750, if you go up to 2000 and hit 1500, you're locked out! That's what my suggestion was, let's up vote both!! 👌
Micke Richardson
May 9, 2024
Great idea! Search for PDPT TRAILING PROFIT, upvote that one, it's already been suggested!
Evan Adams
Aug 1, 2024
I think the Personal Daily targets config could simply be extended to have a “trailing” mode. Would be highly valuable.
The_Way_Out
Aug 2, 2024
There is quite a few of us wanting the same feature. We have different ways of saying it but in all, we are congruent. It is a must needed TopStepX feature.
We are aware of our struggle with securing profits and unhealthy trading habits, but we recognize our strength in cognitively making a decision to use an outside source [the lockout feature] to help us create good trading habits.
Maybe if we keep liking each others posts and intergrading our ideas then we can get this feature pushed through. I wrote one last night if you would go and read it.
I posted asking for a “Lockin-Profit” and an option of a Trailing Lockin-Profit feature. Akin to the Lockout feature thats already in place. So if a Trader is up $2200, and they want to secure $2000 of it, they have the option to put into action a stop loss for their profits. So they can put in a $200 Lockin-Profit hard stop loss or a $200 trailing Lockin-Profit stop loss.
Others are asking for a Trailing PDLL [personal daily stop loss] which is in agreement with the feature you and me are asking for.
GrizzlyGregg
Mar 3, 2024
That's an outstanding idea!
KG_Dana
Apr 27, 2024
This would save ME from ME :-)
aarontrades
Jun 7, 2024
Need this
Mike g
Jun 12
•Merged request
•18 votes
Trailing Take Profit on the daily max loss
I think we need to add a trailing take profit to the daily loss limit
Example:
tailing stop
liquidate -500
you make $500 and now your liquidate 0
you make $1500 and now your liquidate 1000
this will help people keep profits
The_Way_Out
Nov 2, 2024
I have proposed this idea as well. https://s2f.featurebase.app/p/offer-a-lockin-profit-trailing-lockin-profit-feature-akin-to Go and upvote mine as I have yours. Many traders have requested this but nobody is upvoting each others, so it is not getting any attention at all.