Understand the rules, manage your drawdown, and apply a clear trading strategy. A practical walkthrough from your first evaluation to funded trading and payouts.
PAGES 1–3 · The remaining lessons are being built one page at a time.
THE RULES · ACCOUNT SELECTION
Know the account. Know your limits.
The objective: hit the profit target before you hit the drawdown limit. Keep your account above the limit as you work toward the target.
Choose an account
Drawdown type
Adjust to your account rules
Illustrative presets. Enter your account’s actual target and drawdown; account size alone does not determine its rules.
$50K ACCOUNT
Watch the evaluation · End-of-day drawdown
Profit target$3,000The profit you need to reach
Starting drawdown$2,000Your initial room for losses
Account equityDrawdown limit
Balance$50,000Limit$48,000Loss room$2,000
Ready to begin
ACCOUNT
PROFIT TARGET
DRAWDOWN
TARGET ÷ DRAWDOWN
Before you trade: check these rules
Failure level & daily limitConfirm what triggers a breach, whether open P&L counts, and any separate daily loss limit.
Trading requirementsCheck minimum days, consistency requirements, position limits, and restricted trading times.
When trailing stopsConfirm the balance where the failure level stops rising, if your account has a cap.
Funded account & payoutsRecheck the rules after passing: required buffer, qualifying days, withdrawal limits, and the balance left after a payout.
THE REALITY CHECK
Why traders fail prop firm evaluations.
Understand what gets traders into trouble, then build a plan around it. Passing the evaluation is one step. Getting to payouts is the goal.
Evaluation attempts completed16.8%Advanced to the funded level
Evaluation attempts not completed83.2%100% minus the completion rate
Traders funded at least once51.8%Among individual evaluation participants
Funded traders receiving a payout33.3%Among individual funded participants
From evaluation to payout
The journey starts with the evaluation.
Illustrative journey. Bar lengths are not measured conversion rates.
One provider’s published 2025 results. Attempts and individual traders are different counts; these are not industry-wide rates.
About these numbers
The 51.8% figure counts people who reached funding in at least one attempt. The 33.3% payout figure uses funded participants as its denominator. These groups cannot be combined into a single payout funnel. The animation is a conceptual illustration and does not calculate a combined payout success rate. The reasons alongside are teaching topics, not measured causes or statistical rankings.