Count what is held
If two contracts were requested and one filled, one is held. Canceling the waiting remainder does not close the filled contract.
RISK & EXECUTION TRAININGThe small details.
The small details.
The expensive surprises.
A canceled order is not always a closed position. A stop price is not a guaranteed fill. Learn the mechanics that turn a neat plan into the result you actually record.
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The stop said 4998. The fill said 4997.50.
A constructed classroom example—not a suggested trade: one MES long enters at 5000. The planned stop is 4998, but the actual exit fills at 4997.50. Assume $2 total round-trip fees.
| Calculation | Working | Loss |
|---|---|---|
| Planned price distance plus fees | 2 × $5 + $2 | $12 |
| Actual price distance plus fees | 2.5 × $5 + $2 | $14.50 |
The worse fill is already inside the 2.5-point distance. Do not add the same slippage again. The actual loss is larger than the planned figure; other examples can differ more.
Contract value: CME Micro E-mini specifications. Fees and prices above are teaching assumptions, not a provider quote.
Make these checks part of the habit.
Read the confirmation
A cancel request and a cancel confirmation are different states. Do not treat a frozen display as proof that an order failed.
Accept “none fits”
When the classroom limit cannot fit one whole contract after assumed costs, zero can be the correct size. Forcing the trade is not a math solution.
Put the arithmetic next to the rulebook.
Prop-firm preparation adds another layer: what counts toward the loss boundary, when it moves and which rules apply to the exact account stage. A headline balance alone cannot answer those questions.
Try the interactive drawdown example →STRAIGHT ANSWERS
Before you choose a course.
Does a stop guarantee the planned loss?
No. Execution can differ from the trigger or planned price. Learn the distinction and calculate realized examples from confirmed fills.
Does better risk management guarantee profits?
No. Risk and execution knowledge help you understand decisions and potential losses. They do not create a guaranteed profitable strategy.
Where should I start if the calculation is confusing?
Start with the futures course preview on ticks and points, then work through the beginner foundation lessons. Repeat the arithmetic with changed numbers.
SEE IT BEFORE YOU CHOOSE ITLess scrolling for answers.
Less scrolling for answers.
A path that connects them.
Explore the course modules, try a sample exercise and see how the foundations connect to advanced study.
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FIND YOUR STARTING POINTBig ambition.
Big ambition.
A clear first step.
Explore the foundations, map out two weeks of study, or see how futures, risk and strategy connect.