Risk management for funded traders
How a challenge works, position sizing, the daily and maximum loss limits, and the plan and journal that keep an account inside them.
Start the courseKnow what a challenge asks of you before you trade
How the Classic 2-Step and Direct 1-Step challenges work, with the profit target, daily loss limit, maximum loss and minimum trading days in dollars for every account size.
Size every position so one loss stays small
Work out a position size from your dollar risk and stop distance, pick a risk per trade that fits the Classic and Direct loss limits, and check it with worked examples on every account size.
Judge a strategy by R multiples and expectancy
Measure trades in R, find the win rate a reward-to-risk ratio needs to break even, and use expectancy to see how many trades a Classic or Direct target takes.
Stay inside the daily loss limit and the maximum loss
How the daily loss limit and maximum loss work on Classic and Direct, why both are measured on equity, why neither rises after a good day, and how to work out the room you have each day.
Write a trading plan that fits your challenge limits
Put your markets, setups, risk per trade, daily stop, trade limit and review routine in writing, sized from the Classic or Direct loss limits, with a plan you can copy.
Control FOMO, revenge trading and tilt
Recognise FOMO, revenge trading, overtrading and tilt, see what each one costs in dollars on a challenge, and set circuit breakers tied to your daily loss limit.
Keep a trading journal and review it in R
Record the right details on every trade, measure results in R, and run a weekly review that shows which setups work and whether you followed your plan.
From challenge to reward stage
What it takes to pass a Classic or Direct challenge in dollars, how the target compares with the room you have to lose, and how the 80% reward split works at the reward stage.
Risk management for funded traders quiz
Check what you have learned. Each answer comes with the reasoning behind it.
Put your trading to the test.
Choose an account size and a route, then trade a simulated account against the programme's targets and limits.
Simulated trading environment only; no brokerage account is provided. Evaluation fees apply. Rewards are performance-based, not guaranteed, and subject to eligibility, verification and programme Terms and Conditions.