Lux Trading Firm $1,000,000 Challenge — Position Size Calculator

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Firm Rules Summary

Risk Guide

Lux Trading Firm's $1M account structure is unique - you have no daily loss limit but face a 6% maximum drawdown of $60,000. This means you need to think in terms of cumulative losses rather than daily resets. At 1% risk per trade, you could theoretically take 6 consecutive losses before breaching the drawdown limit. At 2% risk, just 3 losing trades would put you at the edge. However, the consistency rule changes everything - you can only risk up to 5% of your remaining risk capital per trade. Starting with $60,000 risk capital, your maximum first trade risk is $3,000. If you lose that trade, your remaining risk capital becomes $57,000, so your next trade can only risk $2,850 maximum. For position sizing on EURUSD with a 30-pip stop: divide your allowed risk by (30 pips × $10 per pip per lot). With $3,000 risk allowance, that's $3,000 ÷ $300 = 10 standard lots maximum on your first trade. For indices like NAS100 where each point might be worth $20 per lot, a 15-point stop with $3,000 risk allows $3,000 ÷ $300 = 10 lots. The danger scenario here isn't daily loss limits - it's the cumulative effect combined with decreasing position sizes. Each loss permanently reduces your risk capital, forcing smaller positions that make recovery harder. Unlike firms with daily resets, your losses compound. From challenge to funded phase, the same 6% drawdown applies, but funded accounts often have different profit split structures. The key insight: start conservative because the consistency rule creates a death spiral effect where early losses dramatically impact your ability to recover through position sizing restrictions.

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