Prop firm consistency rule: how the best-day cap actually works
The prop firm consistency rule caps how much of your profit can come from one day. Here is the math, why it traps payouts, and how to trade around it.
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Practical guides on trading journals, prop firm rules, trading psychology, and the math behind profitable trading. Written for serious traders.
The prop firm consistency rule caps how much of your profit can come from one day. Here is the math, why it traps payouts, and how to trade around it.
The Kelly criterion gives the optimal bet size from your win rate and payoff. Here is the formula, a worked example, and why full Kelly ruins traders.
MNQ vs ES is two questions, not one: which index, and which size. Here is how the contract specs, tick values, and risk compare for prop futures traders.
Topstep's daily loss limit caps what you can lose in a day. Here are the dollar amounts, when the DLL resets, and how it differs from the trailing limit.
What the math of a losing streak actually says, the streak length you should expect at your win rate, and how to size so a normal one doesn't blow the account.
How prop firm trailing drawdown actually works, the difference between intraday and end-of-day versions, and the math that catches most traders out.
R-multiples express each trade as a unit of risk, normalizing your journal across position sizes and turning expectancy into something usable.
How to size every trade using fixed dollar, fixed percent, and Kelly criterion sizing. The math, the tradeoffs, and what actually works on a prop account.
Most traders chase a high win rate and end up unprofitable. The truth is in the math, and it's simpler than you think. Here's how win rate, risk-reward, and expectancy fit together.