The forced ladder: calls, liquidation and limit days

Three tracks have taught the forced exit. Futures add two properties: velocity - the daily mark climbs the ladder in cash, fast - and the locked market, which no other asset class on this platform can produce.

The rungs, in order

• The drain: adverse variation, nightly - not a rung so much as the slope toward them; lesson 4's days metric measures the descent rate for free.
• The call: maintenance breached, cash demanded on a deadline - the machinery noticing what the floor already knew. The commodities verdict stands: meeting one means the sizing was wrong at entry, and topping up defends the error at larger stake.
• Liquidation: positions closed at market, at the machinery's moment - into whatever depth that moment holds, per every slippage lesson on the platform.

The locked market

Some physical families trade with daily price limits: a move to the limit can halt price discovery - limit-up or limit-down - and a position on the wrong side may find no exit at any price until the next session, while marks and margin continue against the limit price. It is rare, it is family-specific - the spec names each family's limit rules - and it is the one scenario on this platform where every exit tool fails simultaneously: no stop, no market order, no spread trade out. The defence is entirely upstream: family choice, event awareness, and sizes that survive a limit sequence - which is why the worked ladder is read beside the spec's limit rows, not instead of them.

The ladder, priced and refused

Work the example: the rungs are percentages of an ordinary week in the leveraged families, and the cash at the bottom is most of the account. Then the module's point, assembled: the ladder is entirely predictable - the drain rate is lesson 4's arithmetic, the call threshold is on the broker's page, the limit rules are on the spec - and a book run at the floor, sized by the division, flat through the minutes, never meets any of it. The machinery is not the risk. Arriving at it surprised is.