What economic releases do I need to be flat for?

What it Means:

For major economic releases, Topstep® refers to the economic calendar listed below (all times listed are in Central Time). Economic releases cause extreme volatility and large price swings, therefore, are very difficult to trade consistently and profitably. Due to this increased risk, all traders in the Trading Combine® Step 2 and Funded Account® cannot have any open positions on one (1) minute before and until one (1) minute after a major economic release

Those in Step 1 do not need to be flat during any releases.

Why it is Important:

  • This allows the market to digest new information, ensuring responsible risk management
  • It’s important to know what releases affect the product(s) you are trading
 Unemployment Rate                                     7:30 AM CT ES, NKD, NQ, 6A, 6B, 6C, 6E, 6J, 6S, E7, GE, YM, UB, ZT, ZF, ZN, ZB, GC, RTY, SI, HG, TN
 FOMC Statement                                           1:00 PM CT ALL PRODUCTS
 Crude Oil Inventories (EIA)   9:30 AM CT/10:00 AM CT* CL, QM
 Natural Gas Inventories (EIA)                       9:30 AM CT NG, QG
 Crop Production                                          11:00 AM CT ZC, ZS, ZW, ZM, ZL

*Pending Abbreviated Trading Hours. Times are subject to change without notice, traders are responsible for being aware of what economic releases apply to their accounts and when they occur.

**Micro contracts also apply

Was this article helpful?
1540 out of 1639 found this helpful