Complete breakdown of all evaluation phases and trading rules
Understanding TradeDay's rules is the difference between passing and failing. Below is every rule across all 2 phases, with tips on how PropJournal helps you stay compliant.
| Phase | Daily Loss | Max Drawdown | DD Type | Profit Target | Min Days | Consistency |
|---|---|---|---|---|---|---|
| Evaluation | Varies by size | $2,500–$6,000 | Trailing | $2,500–$6,000 | — | None |
| Funded | Varies by size | $2,500–$6,000 | Trailing | — | — | None |
TradeDay sets a Varies by size daily loss limit calculated using trailing methodology. Exceeding this on any single day results in immediate account termination. PropJournal sends alerts at 70% and 90% of your daily limit.
The overall max drawdown is $2,500–$6,000 (Trailing). This means the drawdown threshold moves up as your equity grows — it never moves back down.
Evaluation: $2,500–$6,000. Funded: —. PropJournal shows your progress toward the target with a visual tracker and estimated completion date based on your current pace.
Consistency requirement: None. While this firm doesn't enforce a strict consistency rule, maintaining consistent risk is still best practice.
PropJournal monitors every rule above in real-time and alerts you before violations. Free to start, no credit card required.
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