The Funded Trader Playbook
Pass prop firm challenges and keep the funded account: drawdown rules decoded, the maths of passing from 20,000 simulated challenges, position sizing from your drawdown, a day-by-day 30-day challenge, payouts, and how to choose a firm safely.
14 downloadable guides
- 3 months to complete, counted from the day you buy
- Your lessons unlock one by one as you finish them
- You can download each lesson's materials once you complete it
The course closes after the period above, whether you've finished or not, and we don't renew it, so please download what you want to keep before then.
About this course
A prop firm challenge gives you a shot at a $10,000 to $200,000 account for a fee. Most traders lose that fee, not because they can't trade, but because they don't understand the rules, the maths or the pressure. This guide fixes all three, in 14 practical lessons.
What you'll learn
- How prop firms really work, and the evaluation models compared (one-step, two-step, instant funding)
- Drawdown rules decoded: static, trailing and daily limits, server-time resets, and the open-trade detail that fails more challenges than anything else
- The small print: consistency rules, news bans, weekend holding, EAs and copy trading
- The mathematics of passing, from 20,000 simulated challenges: how much to risk per trade, and why a deadline changes everything
- Position sizing from your drawdown, and three risk models compared (fixed, stepped and protective)
- A complete game plan, and a full 30-day challenge followed day by day
- Why good traders fail, with five case studies and the rule that would have saved each one
- Protecting a funded account, payouts and scaling, and choosing a firm safely
Templates included
A rules comparison sheet, a distance-to-failure worksheet, a position-size worksheet, a one-page challenge plan, daily and weekly checklists, and your capstone prop trading plan. Use them with the Prop Challenge tracker in your Laxarr journal.
Who it's for
Traders preparing for their first challenge, and traders who've paid for challenges and failed them. You'll get the most from it if you know the basics of forex (Level 1 or similar). No guide can promise you'll pass; this one makes sure a normal losing run never ends your challenge.
How self-paced works
One lesson at a time
The next lesson opens once you've watched every video in the one before it, all the way through.
Keep what you finish
As soon as you complete a lesson, you can download its videos and guides.
A clear deadline
You have 3 months from the day you buy. After that the course closes, whether you've finished or not.
Lessons
- 1
How Prop Firms Actually Work
Before you pay for a challenge, understand the business on the other side of it: where the money comes from, what "funded" really means, and who this path suits.
- How Prop Firms Actually WorkGuide
- 2
Evaluation Models Compared
One-step, two-step or instant funding? Targets, minimum days, time limits and fees decide how hard a challenge really is. Here's how to compare them and pick the one that fits the way you trade.
- Evaluation Models ComparedGuide
- 3
Drawdown Rules Decoded
Most failed challenges end on a drawdown rule, often one the trader didn't fully understand. This lesson takes every kind apart with worked numbers, so you always know exactly how far you are from failing.
- Drawdown Rules DecodedGuide
- 4
The Small Print That Fails Traders
Some rules close accounts without a single losing trade: consistency rules, news bans, weekend holding, EAs and copy trading. Learn them before you pay, not after.
- The Small Print That Fails TradersGuide
- 5
The Mathematics of Passing
A challenge is a race between the profit target and the loss limits. Simple maths, and 20,000 simulated challenges, show exactly how your win rate, reward and risk per trade decide who wins it.
- The Mathematics of PassingGuide
- 6
Position Sizing Under Prop Rules
Turn a risk percentage into an exact lot size on any market, and size from the drawdown you have left, not the balance you see. This is the skill that keeps challenges alive.
- Position Sizing Under Prop RulesGuide
- 7
Risk Models That Pass: Fixed, Stepped and Protective Risk
How much should you risk on the next trade, given how the last few went and how close you are to a limit or the target? Three risk models, compared on the same trades and across 20,000 simulated challenges.
- Risk Models That Pass: Fixed, Stepped and Protective RiskGuide
- 8
Your Challenge Game Plan
A challenge isn't the time to discover how you trade. Turn your strategy, the firm's rules and your risk model into one page you follow from the first trade to the last.
- Your Challenge Game PlanGuide
- 9
The 30-Day Challenge, Day by Day
Follow one trader through a full $100,000 challenge: the preparation, each week's decisions, the bad days and the finish, with the journal entries that kept the plan on track.
- The 30-Day Challenge, Day by DayGuide
- 10
Why Good Traders Fail Evaluations
Most traders who fail a challenge could trade well enough to pass it. They fail on pressure, size and rules. Here are the patterns, five case studies, and the rule that would have prevented each one.
- Why Good Traders Fail EvaluationsGuide
- 11
Protecting a Funded Account
Passing is half the job. Many funded accounts are lost in their first few weeks. Here's how to switch from passing mode to keeping mode, build a buffer, and recover calmly from a drawdown.
- Protecting a Funded AccountGuide
- 12
Payouts, Scaling and Withdrawals
Getting funded is the start; getting paid is the goal. How profit splits, payout schedules, payout-time rules and scaling plans work, and how to get your money without surprises.
- Payouts, Scaling and WithdrawalsGuide
- 13
Choosing a Prop Firm Safely
The prop firm industry is young and mostly unregulated. Some firms have closed suddenly, changed rules overnight or refused payouts. Here's how to check a firm before paying, and how to spread your risk.
- Choosing a Prop Firm SafelyGuide
- 14
The Prop Trader's Operating Manual
Everything in this guide, on a few pages you'll actually use: checklists, worksheets, your rule sheet, a budget for challenge fees, and your complete prop trading plan.
- The Prop Trader's Operating ManualGuide