Risk management
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The Complete Guide to Prop Firm Position Sizing and Lot Calculation: Designing the Right Size by Working Backward From Drawdown
A formula-based breakdown of lot calculation for prop firm accounts. Covers how to set your risk % (around 0.5% during evaluation), working backward from your stop-loss distance, why leverage isn't the same thing as risk, sizing by working backward from daily DD, calculating your tolerance for a losing streak, and the effective risk of correlated positions. Includes worked examples for $50K and $100K accounts.
15 Common Mistakes That Get Prop Traders Failed, Plus How to Avoid Them | The Truth Behind the '94% Fail' Myth and the Overseas Data
An analysis of why traders fail prop challenges, based on primary overseas data and peer-reviewed research. Failure is 90% risk discipline and psychology, not strategy quality. Covers 15 common mistakes -- daily DD violations, revenge trading, misunderstanding trailing DD, and more -- plus how to raise your odds of survival. Also fact-checks the '94% fail' myth.