Risk Management Tools
Four calculators that answer the questions a prop firm evaluation actually tests: can your risk per trade survive the firm's daily loss limit and max drawdown limit, what does a failed attempt cost, and what do you actually keep once you're funded.
Prop firm evaluations fail traders for a specific, avoidable reason more often than a bad trade: the risk per trade was never actually checked against the firm's own daily loss limit and max drawdown limit before trading started. Those two rules are fixed numbers set by the firm, and once you know them, sizing around them is arithmetic, not guesswork.
The four tools below aren't four separate topics. They're the four numbers a prop firm evaluation is built around, in the order that's actually useful: what can you risk per trade without breaching the daily limit, what can you risk per trade without breaching the drawdown limit, what does it cost if you get either one wrong and have to restart, and once you're funded, what does the profit split actually leave you with.
Every prop firm evaluation has a hard daily loss limit, and breaching it once typically ends the evaluation regardless of how the rest of the account looks. This calculator works backward from the firm's daily limit to a maximum dollar risk per trade.
Prop Firm Daily Loss Limit Calculator →The max drawdown limit is the other hard ceiling, usually measured from either the starting balance or the account's highest point reached. This calculator checks your risk per trade against that limit the same way the daily loss limit calculator checks it against the daily number.
Prop Firm Max Drawdown Calculator →Evaluation fees are real money, and traders who breach a limit and simply pay for another attempt without changing their sizing often repeat the same mistake. This simulator adds up what repeated evaluation attempts actually cost over time.
Prop Firm Evaluation Retry Cost Simulator →Passing an evaluation is only half the decision. This calculator compares take-home pay at a given profit level on a funded prop firm split against trading the same numbers with your own capital, so you can see the actual dollar trade-off.
Prop Firm vs. Self-Funded Take-Home Calculator →None of these numbers is complicated on its own. A daily loss limit is a fixed dollar figure. A drawdown limit is a fixed dollar figure. An evaluation fee is a fixed dollar figure. What most traders skip is lining their own risk-per-trade decision up against those fixed numbers before the evaluation starts, rather than finding out the hard way mid-attempt. Run these four in order and the sizing decision is made once, in advance, instead of relearned every time an account resets.