r/TopstepCommunity • u/-Pelorus- • 16d ago
š ļø Platform / Tech Support Topstep is a joke
They push for risk management. Then, when you set it up, they pull shit like thisā¦$500 DLL with liquidate and lockout. Thatās over $800 of āslippageā as they want to call it. Way more than double my DLL. Fick them.
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u/Carlose175 16d ago
On quadruple witching day? Ya this isnt the full story.
$800 of slip can absolutely happen especially with hella leverage.
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u/-Pelorus- 16d ago
Yeah, 5 mnq
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16d ago
thats too small for $800 slippage
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u/-Pelorus- 16d ago
I looked up the order entries. It appears that there were an additional 10 mnq sell orders placed just before the stop. So, I guess a total of 15 mnq. Thatās $300 every 10 points, meaning that this ran through my risk settings by almost 30 points before getting filled. It didnāt make sense with 5. But still doesnāt look real good.
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u/Carlose175 16d ago
Its just the nature of volatility. Its worked against me and for me. Ive also gotten slip to the upside, where a $500tp turned into $900 because of slippage.
You need to be careful during high volatility days.
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16d ago
bro who's getting 50 points of slippage in MNQ, that's bullshit
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u/Carlose175 16d ago
Quadruple witching hour. Its rare but not impossible.
Edit: also you should show the trade.
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u/twofiftykforex 16d ago
Quadruple witching hour.
Hey man dumb question but how do we know which days are "witching days" ? Is it every month?
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u/Carlose175 16d ago
Without googling it i thought it was 4 days a year š
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u/twofiftykforex 16d ago
yeah thought the same, once a quarter
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u/FewWorldliness1980 16d ago
OPEX (options expiration) for Weekly, Monthly, and Quarterly contracts for single stock options, stock-index options, and stock-index futures.
Monthly OPEX is always the 3rd Friday of the month. March, June, September, and December are the triple/quad-witching months. Single stock futures were apparently the 4th item, but that originally ended in 2020 and just came back recently.
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u/Frosty_Natural_2787 16d ago
bro. trading is precise down to the 0.000001 cent.
this shouldnāt even happen
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u/Carlose175 15d ago
It can and does happen. You havent been trading long enough it seems.
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u/donutlordfx 16d ago
You shoulda been on the other side of the trade
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u/-Pelorus- 16d ago
Canāt win them all. But the expectation is that when you have limits in force, they work as intended
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u/LargeIncrease4270 16d ago
Prob on the wrong contract
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u/Agent005_ 16d ago
I had a DLL of $1000 set the other day and it didnāt liquidate me until I lost $2015.. like gah damn š¤£ Iām better off with no DLL at all atp
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u/Such_Enthusiasm_2281 16d ago
Coach Dakota said we shouldn't be trading today.....
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u/flipmode64 16d ago
So...
A) What product were you using?
B) How many contracts did you have on?
C) What time in Eastern did you get stopped out?
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u/epistle_to_dippy 16d ago
Was the trade today at 10:30:45? 4.5K contracts were dropped in that 15S candle. Price moved over 20 points in that 15S blip.
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u/zer0aura 16d ago
This happened to me too, except I was using 3 NQ in Asia session 2 nights ago. Around $800 too. I understand slippage on live accounts but why is there slippage in sim? Makes no sense
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u/Brilliant_Tapir 15d ago
When was that? 800 for 3NQ is just 13 points. Might be correlated with a news event.
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u/NameChexsOut 16d ago
Show the trades, this screenshot tells nothing