Passing a prop firm evaluation can be challenging, but with the right approach, it's absolutely achievable. Here are 10 proven tips to help you successfully complete your AEGIS FUNDED evaluation.
1. Understand the Rules
Before placing a single trade, thoroughly understand the evaluation rules. Know your daily loss limit, max drawdown, profit target, and any trading restrictions. Rules vary between prop firms, so don't assume.
2. Trade Your Normal Size
Don't over-leverage just because it's an evaluation. Trade the same position sizes you would with real money. This keeps your psychology consistent and prevents blow-ups.
3. Focus on Consistency
Prop firms want to see consistent performance, not lucky trades. Aim for small, steady gains rather than home runs. A 1% daily average is better than a 20% day followed by losses.
4. Respect the Drawdown Limit
Your max drawdown is your lifeline. Never risk more than 1-2% per trade. If you're approaching the drawdown limit, reduce size or stop trading until the next day.
5. Trade Your Best Setups Only
During evaluation, be selective. Only take A+ setups that you have high confidence in. There's no rush - you have time to reach the profit target.
6. Keep Emotions in Check
Evaluation pressure is real. If you feel anxious or stressed, step away from the screen. Never revenge trade or deviate from your plan due to emotions.
7. Journal Every Trade
Document your trades, including your reasoning and emotions. This helps identify patterns and improve your process throughout the evaluation.
8. Start Small, Scale Up
Begin the evaluation with smaller position sizes. As you build a profit buffer, you can gradually increase size while maintaining reasonable risk.
9. Don't Trade the First Day
Take the first day to observe the market and review your plan. There's no benefit to rushing into trades. Start fresh on day two with a clear mind.
10. Trust Your Process
If you have a proven strategy, trust it. Don't abandon what works just because you're in an evaluation. Stick to your edge and the results will follow.
Conclusion
Passing a prop firm evaluation is about discipline, not trading skill alone. Follow these tips, stay patient, and you'll be trading a funded account in no time.