The Prop Firm Playbook: A Practical Guide to Passing Evaluations, Managing Risk, and Earning Consistent Payouts

By Meridian Publishing

Passing a prop firm evaluation is not the real goal. Staying funded is.

Most traders approach prop firm challenges as if they were ordinary trading accounts. They focus on the profit target, increase risk, force trades, and discover too late that one bad session can erase weeks of progress.

The Prop Firm Playbook - Second Edition is a practical guide for traders who want to approach proprietary trading with structure, discipline, and a professional risk-management mindset.

Inside, you'll learn how to evaluate prop firms before paying a challenge fee, understand the rules that actually determine your probability of success, choose the funding model that fits your trading style, and build a repeatable process designed for long-term survival.

This expanded Second Edition covers:

How one-step, two-step, three-step, and instant-funding models really differHow to analyze profit targets, daily loss limits, maximum drawdown, payout rules, and scaling plansHow to calculate position size and control aggregate risk across multiple tradesWhy profitable traders still fail evaluations-and how to avoid the most common mistakesHow to adapt ICT, Smart Money Concepts, market structure, liquidity sweeps, and session-based trading to prop firm rulesHow to build a practical evaluation plan instead of trading emotionallyHow to backtest and forward-test a strategy before risking challenge feesHow to evaluate counterparty risk and prop firm reliabilityHow to think about evaluation economics, payout resilience, and cash-flow planningA practical 90-day operating plan for developing the habits of a professional funded trader

The book also examines different prop firm structures and real-world examples to help you understand how the industry works-without treating any single firm, rule set, or offer as permanent.

Because prop firm rules change.

A strategy that works today may become unsuitable tomorrow. A payout structure can change. A platform can disappear. A firm can tighten its drawdown rules.

That is why this book focuses on something more durable:

a decision-making framework you can keep using even when the industry changes.

Whether you are preparing for your first evaluation, recovering from repeated challenge failures, or already managing funded accounts and looking for greater consistency, The Prop Firm Playbook gives you a structured roadmap for approaching prop trading as a business rather than a gamble.

Stop chasing challenges. Build a process capable of surviving them.

Meridian Publishing - Second Edition, 2026

• Format: Paperback
• Language: English
• ISBN: B0HK9XYDDY
• ISBN13: 9798175415583
• Release Date: September 2026
• Publisher: Independently published
• Length: 178 Pages
• Weight: 0.55 lbs.
• Dimensions: 9.0" x 0.4" x 6.0"