Do We Need a New Strategy to Pass a Prop Firm Challenge?

[Idealism]

I’ve finally decided to join a prop firm and take a trading challenge. Before jumping in, I wanted to clear up a few doubts about what type of strategy actually works best for passing these challenges.

I’m usually more into swing trading since I don’t always have the time to trade daily. Would that still work for prop firm challenges, or do you really need to trade more frequently to hit the profit targets? I’m also wondering how much the evaluation depends on the type of trades you take. Do they treat all trading styles equally, or does your approach affect how the challenge is assessed?

I haven’t picked a firm yet, but I’ve been looking at a few like FTMO, FundedNext, and Hola Prime. They all seem to offer different account types for different trading styles, but even then, every trader approaches the market differently and manages risk in their own way.

I’d like to understand how fair these challenge models and evaluations really are, and what common mistakes usually lead to failing. If anyone here has experience with prop firm challenges, I’d really appreciate any tips or things to watch out for.

 

[Cheeky]

If your current strategy doesn’t fit well with the prop firm’s rules or profit targets, then you’ll likely need to revise it to improve your chances of passing the challenge. Often, it’s just a matter of making the necessary adjustments so your trading style aligns with the challenge requirements. It really comes down to how well you can adapt to the prop firm environment and the type of account you choose. As long as the rules are clear and transparent, the evaluation is simply about staying within those limits.