Pass your prop firm challenge
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Do you think daily drawdown limits make traders more disciplined or more fearful?
Do you think daily drawdown limits make traders more disciplined or more fearful?
PassedAlpha Futures $100KPhase 2Target reachedProfit target10% / 10% ($10,000)
Drawdown used0% / 10% ($0 of $10,000)
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Chukwuebuka Emmanuel Ani
Earl ChristianFrequently asked questions
Risk small (often 0.5 to 1% per trade), know the daily and maximum drawdown rules exactly, and do not rush the profit target. Most failed challenges come from one oversized losing day, not from a bad strategy.
Daily drawdown is the most you may lose in one day, usually measured from the day’s starting balance or equity. Maximum drawdown is the most your account may ever fall. Some firms use a trailing maximum drawdown that moves up as your account grows.
Yes. Post a challenge update with your firm, account size, phase, profit and drawdown in percent or dollars. Other traders can follow your progress and give feedback.
Oversized positions, revenge trading after a loss, and missing a rule such as news trading limits or consistency rules. Traders who failed share what went wrong here, which is one of the best ways to avoid the same mistake.