The One Rule That Matters Most
Never lose more than 1% of your account in a single trade. If your account is ₹5L, your maximum risk per trade is ₹5,000. This one rule will keep you safe through the entire challenge.
Why Most Traders Fail the Challenge
The prop trading challenge is not a test of whether you can make profits — it is a test of whether you can control losses. The daily drawdown rule (3%) is what eliminates 70% of applicants. They trade too large, lose too much on one bad day, and the account is closed.
The Proven 5-Rule Strategy
| Rule | What It Means |
|---|---|
| 1% Risk Per Trade | ₹5L account max ₹5,000 risk per trade |
| 2-Loss Daily Stop | After 2 losing trades, stop for the day |
| Morning Session Only | Trade 9:20-11:30 AM only |
| One Instrument | NIFTY or BANKNIFTY — not both |
| Slow and Steady | Target 0.6% per day — not 5% in one day |
Day-by-Day Plan for 25-Day Challenge
| Week | Goal | Mindset |
|---|---|---|
| Week 1 | Break even | Learn the rules, trade small |
| Week 2 | 4-5% profit | Build confidence |
| Week 3 | 8-10% profit | Stay consistent |
| Week 4 | 12-13% profit | Trade defensively |
| Week 5 | 15%+ profit | Close the challenge safely |
NIFTY vs BANKNIFTY for the Challenge
For the challenge, NIFTY is recommended — lower volatility means smaller risk of hitting the daily drawdown limit. BANKNIFTY moves faster and suits experienced scalpers.
Start Your Challenge Today
Apply this strategy on a Sycnap's Tradez Phase 1 account. ₹5L capital, 25 days, 15% target.
Start the Challenge →