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Advanced15 papers75 minCertificate$13

Trading a Funded Account

Someone else's money, someone else's rules, and a daily limit that ends your month if you touch it. How to size, how to stop, and how to come back.

Who it is for
A reader taking a prop firm challenge, or trading an account they cannot afford to lose.
Before you start
Stops, Targets and Exits, and The Trader's Head.
Start the courseBuy this course — $13

Opens with Premium, or buy the course on its own.

You will be able to

  • Read a prop firm's rule set and say what would fail you
  • Set a daily and a weekly loss limit and size trades to respect both
  • Work out the total risk open across several positions at once
  • Cut size deliberately after a run of losses instead of raising it
  • Keep a risk log that shows whether you followed your own rules
  • Protect an account that is already in profit without cutting winners short

15 papers

A short quiz after every paper; the next paper opens when you pass it.

  1. Unit 1

    The rules you are trading under

    1. 01How Prop Firm Risk Rules Work5 min
    2. 02What Is a Daily Drawdown Limit5 min
    3. 03How to Set a Maximum Daily Loss5 min
    4. 04How to Set a Weekly Loss Limit5 min

  2. Unit 2

    Sizing under a limit

    1. 05What Is Portfolio Heat5 min
    2. 06How to Spot Hidden Double Exposure5 min
    3. 07How to Cut Risk After Three Losses5 min
    4. 08How to Keep a Risk Log5 min

  3. Unit 3

    The pressure

    1. 09How to Handle Funded Account Pressure5 min
    2. 10How to Survive Ten Losses in a Row5 min
    3. 11How to Rebuild Confidence After Losing an Account5 min
    4. 12What Process Over Outcome Means in Practice5 min

  4. Unit 4

    Protecting what you have

    1. 13How to Set Rules for a Bad Day5 min
    2. 14How to Protect Profits Without Cutting Winners Short5 min
    3. 15How to Follow Your Own Plan5 min