Quant Tekel $200,000 Challenge — Position Size Calculator

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Risk Guide

Your $8,000 daily loss limit means you can take exactly 4 losing trades at 1% risk ($2,000 each) or just 2 losing trades at 2% risk ($4,000 each) before breaching. This is where most traders get eliminated - they hit a losing streak early in the day and blow their daily limit by lunch. The math is unforgiving: lose $2,000 on your first trade, then $2,000 on your second, third, and fourth trades, and you're done for the day at exactly $8,000 lost. For position sizing, calculate your risk in dollars first, then work backwards. At 1% risk ($2,000), EURUSD with a 30-pip stop needs 6.67 standard lots ($2,000 ÷ $300 per lot for 30 pips). GBPJPY with a 40-pip stop needs 5 standard lots ($2,000 ÷ $400). Gold with a $20 stop requires 1 standard lot ($2,000 ÷ $20 per ounce). These calculations assume standard contract sizes and pip values. The consistency rule adds another layer of complexity. QT Instant caps single-day profits at 25% of your total target ($4,000 max daily profit in Phase 1), while QT Power allows 35% ($5,600 max daily profit). This means you can't just swing for the fences - you need steady, consistent gains. Between challenge phases, nothing changes in your risk management. You still have the same $8,000 daily loss limit and $20,000 max drawdown. However, your profit target drops from $16,000 in Phase 1 to $10,000 in Phase 2, making the second phase actually faster to complete if you maintain consistent 1-2% daily gains. The real danger zone is revenge trading after losses. Hit your first $2,000 loss and you might be tempted to double your next position to 'make it back quickly.' That's exactly how you turn a manageable $2,000 loss into an account-ending $8,000 breach. Stick to your predetermined risk per trade, regardless of previous results.

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