SpiceProp $15,000 Challenge — Position Size Calculator

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Risk Guide

Your SpiceProp $15k account has an $825 daily loss limit (5.5%), which means you can take exactly 5 losing trades at 1% risk ($150 each) or just 2 losing trades at 2% risk ($300 each) before hitting your daily limit. The danger zone is taking 3 losing trades at 2% risk - that's $900 and you're done for the day. Here's the position sizing math for popular instruments: EURUSD at 30 pips = $150 risk allows 1.5 standard lots ($100 per lot). GBPUSD at 40 pips = $150 risk allows 0.375 standard lots ($400 per lot). Gold (XAUUSD) at $20 stop = $150 risk allows 7.5 lots ($20 per lot). US30 at 50 points = $150 risk allows 0.3 lots ($500 per lot). Your max drawdown is $1,650 (11%), so even if you never hit daily limits, a series of 1% losses over multiple days will breach this if you lose more than 11 trades total. The critical math: 11 consecutive 1% losses = $1,650, exactly your max drawdown. For Phase 1, you need $1,500 profit (10%) in minimum 3 days. At 1% risk with 50% win rate, you need about 20-25 trades to hit this target. Phase 2 requires $750 profit (5%) with the same daily and drawdown limits - nothing changes in your risk management. The challenge costs $60, so factor that into your expected value calculation. Most traders fail because they increase position size after losses or risk 3-4% per trade thinking they need bigger winners. Stick to 1-1.5% risk maximum, respect the $825 daily limit religiously, and remember that 6 losing days at 1% risk each puts you near max drawdown territory.

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