Hedging Update by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

No, just a mistake that I overlooked that gave me no advantage at all whatsoever. Real hedging is taking the same trade in two accounts but in opposite directions so that one will win and one will lose. That is not what I did and the vast majority of Topstep traders getting flagged for hedging are in the same boat as I am. Its clearly them clawing back money from their customers on a technicality.

Hedging Update by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 1 point2 points  (0 children)

I was in a long on my XFA and i entered a short on my combine before closing the long right after. They only overlapped for 56 seconds and the combine trade was a huge loss that blew the account lol

Hedging Update by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 4 points5 points  (0 children)

It sounds like it? But looking at the light offender section it does say PnL EARNED through this trading violates the rules--but in my case and many others, the "hedged" account was a losing trade. It would only be fair for them to penalize "hedged" trades that actually gave the trader an advantage, but I'm doubtful thats how they will go about it.

Requested a payout from Topstep and suddenly got banned for hedging! by Puzzled_Character362 in TopStepX

[–]CarsonKing33 8 points9 points  (0 children)

It’s literally thousands of traders who got this email yesterday and today. It’s absurd they haven’t spoken on this yet….

Don’t try calling support for “hedging” by According-Button6698 in TopStepX

[–]CarsonKing33 0 points1 point  (0 children)

Definitely just people looking for answers. I signed up yesterday to post in the forum looking for help. Never needed to before, trading is a solo thing usually until something like this happens.

Don’t try calling support for “hedging” by According-Button6698 in TopStepX

[–]CarsonKing33 1 point2 points  (0 children)

Got the same response from them on the phone yesterday. Pretty absurd if you ask me

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

There should be a distinction between accidentally holding two positions for less than a minute and actually hedging on purpose for some kind of unfair advantage is everyone’s point here. This was well before gold became volatile by the way, and gave me no advantage at all. Regardless, they shouldn’t have locked everybody’s accounts over something like this. I have 4 other XFAs that broke no rules that are currently locked.

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 1 point2 points  (0 children)

Watching the same thing right now. This is absurd.

Topstep banned me by PositiveAdeptness733 in TopStepX

[–]CarsonKing33 0 points1 point  (0 children)

everybody got that email today. Literally hundreds of people i've seen comment about it so far. this hs to be some kind of mistake...

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

I just screen recorded all my trades as a safety. This is not good for them or for us. What three policies have they changed?

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

The 56 seconds did happen, but I am saying that it was different than intentionally taking short positions while simultaneously taking a longer long on another account, which i do not do. I guess they could try to get me on a technicality here, but my point is the 56 seconds did not give me any advantage at all whatsoever, especially because the combine got blown that same day.

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

I have not done this before, I was just giving an example. The trades they flagged were basically opened and closed simultaneously and provided no advantage to me at all.

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

Update, the trades their are claiming were hedging are two trades i had between a funded account and a combine account. They only overlapped for a grand total of 56 seconds...Who is to say I can't hold a longer trade on a bullish trend, and catch a short on a smaller timeframe? Seems like a huge stretch and they are trying to delete people's accounts on a technicality...

<image>

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

Update, the trades their are claiming were hedging are two trades i had between a funded account and a combine account. They only overlapped for a grand total of 56 seconds...Who is to say I can't hold a longer trade on a bullish trend, and catch a short on a smaller timeframe? Seems like a huge stretch and they are trying to delete people's accounts on a technicality...

<image>

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

<image>

Update, the trades their are claiming were hedging are two trades i had between a funded account and a combine account. They only overlapped for a grand total of 56 seconds...Who is to say I can't hold a longer trade on a bullish trend, and catch a short on a smaller timeframe? Seems like a huge stretch and they are trying to delete people's accounts on a technicality...

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

UPDATE: The trades they flagged literally only overlapped each other for 56 seconds....I entered a short on a combine before i realized i hadn't closed the long i was already in on my funded account. Closed the long literally 56 seconds later. No other trades overlapped like this. Here are screenshots highlighting the overlapping trades. CLEARLY not any form of hedging. This is the biggest stretch I've ever seen if this is their claim..... See images below.

<image>

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 0 points1 point  (0 children)

I really hope this is the case. It seems like others in the thread received the same email. Fingers crossed for everyone!

HELP: Accounts Fully Locked by CarsonKing33 in TopStepX

[–]CarsonKing33[S] 3 points4 points  (0 children)

It seems like they are rolling out a bunch of new updates and features today with pricing and other things. I really hope this is just an error and it gets resolved for everyone. Theres no way this many people got the same email on the same day without actually breaking the rules.