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Houston, we have a market event. SpaceX is going public. When SpaceX IPO opens on June 12th, 2026, it could be one of the biggest days of the year for traders. At a rumored valuation of $1.77 trillion, SpaceX would instantly become one of the most valuable companies in the world. That's bigger than the GDP of some countries and not far off the entire value of the Nasdaq 100's largest names. The question isn't whether futures traders will notice. It's how the market will react.

Most traders don’t think about hedging… until they accidentally do it. You place a trade. Then another in the opposite direction on a different account, leaving you long and short at the same time. Feels like you’re covered, right? Not exactly. That’s hedging. And in prop futures trading, it’s not something you can rely on, especially if your goal is to trade in a Live Funded Account with Topstep’s® money. At Topstep, we don’t just enforce the rules. We help you understand them.

Every Friday afternoon, Topstep Performance Coach John Hoagland fires up his charts to find his Weekly Kickoff Levels, which identify the trends and “areas of importance” futures traders should look out for in the coming week.

Furthermore, the determination as to which timeframes work best for the traders is not only relevant to those who are raw beginners; it is a question that continues to require navigation as traders continue to trek through the adventure of moving from early, inexperienced, and usually profitless, trading, into more seasoned, consistent, and profitable traders. For the sake of this article, I will delimit the discussion into three timeframes for traders to consider.

Does this plot line ring a bell? Check out this scenario and tell me if it sounds familiar. It’s a slow trading day; nothing seems to be materializing within your market. Eventually, you begin to negotiate your entries and compromise your setups. Finally, you take a trade, it fails, and you are left feeling disappointed in yourself because you knew better. This is part of the development of every trader. Even the best have to combat these urges daily.

What is a daily loss limit? First, let’s take a quick at what a Daily Loss Limit is. A Daily Loss Limit (DLL) is the maximum amount of money a trader is willing or allowed to lose in a single trading day. The DLL is widely considered one of the more crucial risk management tools for helping traders control their potential losses and protect their trading capital.

By Daniel P. Collins There are various technical trading indicators to help traders build technical systematic trading strategies. Some, such as the Moving Average Convergence Divergence (MACD) indicator, are better as a standalone signal generator. In contrast, others, like the Relative Strength Index (RSI), work best as a filter or overlay with other indicators or systems. Every indicator is based on some sort of mathematical model or average and provides valuable data.

Highlights Low all-in price to funding: Skip activation fees and trade under familiar rules with Topstep’s Express Funded Account. Industry-leading payouts: Keep up to 90% of profits with daily payout processing and no unnecessary hoops. Trader-focused platform: TopstepX includes built-in risk tools to support discipline and protect progress. Built for long-term trading success: Every feature is designed to help serious traders grow, improve, and stay funded.

Highlights Free, in-platform Training Camp (Beta) designed for futures trading beginners. Short, step-by-step video lessons that explain how trading works. Guided by Topstep Senior Performance Coach John Hoagland (Hoag). Hands-on practice using a simulated trading environment with no real money at risk. Focus on trading fundamentals, risk management, and disciplined decision-making. Learn how futures traders plan, execute, and manage trades.

In this article, we look at three indicators that /ES traders can use to reduce the noise they experience from indicator overload: VWAP with standard deviation bands, the TICK index, and market profile. VWAP with standard deviation bands VWAP with 2 standard deviation bands applied to the 15-minute chart of /ES The volume-weighted average price (VWAP) is an indicator used by virtually every trader, retail or institutional.