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Learn prop trading
Most evaluations end on a rule, not a strategy. Learn the rules before you pay for them.
Lessons
- 1 · 5 minHow Prop-Firm Evaluations Really WorkWhat you pay for, what you're tested on, and why most evaluations end on a rule, not a strategy.
- 2 · 6 minThe Drawdown Floor — Static, End-of-Day and Intraday TrailingThe floor your balance must never touch, the three ways it moves, and where it stops.
- 3 · 5 minDaily Loss Limits — and Your Own, Tighter OneHow a firm's daily limit works with the floor, and why your own daily stop should hit first.
- 4 · 4 minThe Consistency Rule, With the MathsWhy one big day can delay your pass, and how to work out what you need.
- 5 · 6 minPosition Size for a Prop AccountRisk in dollars against your drawdown, contracts from your stop, and micros vs minis.
- 6 · 4 minNews, Trading Hours and the Rules Firms Don't AdvertiseWhy stops slip around big releases, and the closing-time and contract rules that end accounts quietly.
- 7 · 5 minYour Evaluation Plan — Pacing Without Forcing the TargetWrite the plan before you pay, pace the target over days, and slow down near the finish.
- 8 · 4 minAfter You Pass — Payout Rules and BuffersThe extra rules on funded accounts, payout splits, and why the first withdrawal needs a plan.
- 9 · 5 minThe Reset Spiral — Revenge Trading After a Failed EvaluationHow one failed evaluation turns into three, and the habits that break the spiral.
- 10 · 5 minFutures Basics — Ticks, Points, Contracts and P&LLong and short, what a point and a tick are worth, the P&L formula and the costs on every trade.
- 11 · 5 minOrder Types — How Your Trade Gets FilledMarket, limit, stop-loss and take-profit orders — and what each one controls.
- 12 · 5 minReading a Price Chart — Candles, Trends & Key LevelsCandlesticks, the three trend states, and support and resistance.
Quick reads
- Why widening a stop costs more than the loss
- No stop is a decision to risk the whole account
- Size from the stop, not from the feeling
- The trade right after a loss
- Why your best trades come early
- Stopping is part of the strategy
- Trade the hours you've tested
- Why to stand aside around big news
- Cutting winners short
- Missed the entry? That's the trade.
- The checklist is for the trades you're sure about
- The trailing drawdown trap
- Consistency rule math
Glossary
79 trading terms in plain words, with an example and the usual beginner mistakes.
TradeCompass turns this into your own rules: it checks every trade against them and warns you before you break one.
Start freeEducational content only. Not financial advice, not a buy/sell signal, no guaranteed results.