Chapter 06 · Prop firms and funding
How do you pass a prop firm evaluation?
Treat the evaluation like a job with rules, not a race. The firms publish the rules in advance: maximum daily loss, trailing drawdown, consistency requirements. The plan is built backward from those numbers so that no single day, and no single trade, can end the attempt.
One setup, small size, and a hard stop for the day. The daily sweep fits evaluations because it produces one planned trade with a pre-picked invalidation, which caps the damage any one session can do.
The traders who fail evaluations mostly beat themselves: they pass the profit target's math but break the loss rules chasing a bad day back. The ones who pass are rarely the best analysts. They are the best rule-followers.
Sources: How To Pass Prop Firm Evaluations