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Coach's Playbook Posted by Team Topstep March 24, 2022

How to Day Trade the Roll

This one goes back to what we’ve said in the past about “knowing the market” you’re trading. And, when we say you should know the market you’re trading, we mean the contract specifications for that particular product. What contract months does it trade? When do contract months expire? What is the tick size and value? Are there price limits? What are the margin requirements?

This week, the Topstep coaches are sharing some resources with you to help you be better prepared for rollover. When a futures contract is about to expire, traders need to either offset any open positions, roll their positions into the next contract month, or prepare to take delivery. 

One of the most important ways to ensure a stress-free rollover is knowing when the contract month you’re trading expires. And, there’s no better place to find this information than going directly to the source. The CME Group has all the information you need when it comes to contract specifications for futures contracts.

The Topstep Help Center also has solid resources for helping you identify what the front-month contract is for the product you’re trading, as well as detailed instructions for changing the contract month on your trading platform.

Don’t let a lack of product knowledge lead to a mistake that can take you out of the game. Get to know the market you’re trading!

Trade Well!