Part 1 · lesson 3 of 3

You see what ends this before anything else does.

About 6 minutes.

Whose numbers these are

You have not picked a firm yet. So the figures below come from one firm’s published rules. Each one is named and dated where it appears. Pick a firm and the same lesson runs on your own numbers.

Check yourselfWhat the fee actually buys, and what it does not — Evidence: strongThe firm’s own published rule pages, held in the PitGrade firm registry · read 2026-07-14

Most of these end before anyone reaches the amount the firm asked for. What ends them?

Picking the wrong direction most of the timeFalling past the line under the account, which sits $2,000 The account closes if the balance falls $2,000 below the highest point it has ever reached.Apex Trader Funding $50K evaluation, floor moves on every new high — published rules read 2026-07-14, spec 1.2.0 below the best the account has ever beenPaying too much in fees

Work it out with your own numbersHow many losing trades fit in the room you have — Evidence: strongArithmetic on the firm’s published figure — no estimate involved · read 2026-07-14

Work the numbers for your own account

What you put at risk on one trade, in dollars

With $150 at risk each time, the account can be wrong 13 times in a row before it runs out of room. At $300 it is 6.

Apex Trader Funding $50K evaluation, floor moves on every new high — published rules read 2026-07-14, spec 1.2.0