How much could repeatedly failing a prop firm evaluation actually cost me?
Enter Your Numbers
Be honest about your pass probability. Most traders overestimate it going in.
Your Result
Fill in the fields on the left and click Simulate My Retry Cost to see the math on repeated attempts.
How this is calculated
This treats each evaluation attempt as an independent event with the same pass probability every time, the standard assumption behind a geometric distribution.
Expected number of attempts to pass equals 1 divided by your pass probability. Expected total cost equals that number multiplied by your fee.
Cumulative pass probability by attempt N equals 1 minus (1 minus your pass probability) raised to the power of N. This is shown for each attempt up to your max.
If your actual pass rate improves or worsens with experience, this simplified model won't capture that. It's meant to show the arithmetic of retrying a paid evaluation, not to predict your specific outcome.
Risk & liability disclaimer: This tool only performs simple arithmetic on the numbers you enter. It is not financial, investment, or tax advice, and it does not access your broker account or verify your actual fills. Trading Habits is not a broker-dealer, registered investment adviser, or tax professional, and is not affiliated with any broker, exchange, or data provider. Always verify results independently and consult a licensed professional before making any trading or financial decision.