SpiceProp $120,000 Challenge — Position Size Calculator

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Risk Guide

On SpiceProp's $120k account, you can take 5 consecutive losses at 1% risk ($1,200 each) before approaching the $6,600 daily limit, but only 2 losses at 2% risk ($2,400 each). This creates a dangerous scenario: if you risk 3% per trade ($3,600), just two losses puts you at $7,200 - exceeding the daily limit and failing the challenge. The math is unforgiving at this account size. For position sizing, calculate your risk per pip based on your chosen risk percentage. At 1% risk ($1,200), a 30-pip stop on EURUSD allows 4 standard lots ($10 per pip). For a 50-pip stop, you'd trade 2.4 standard lots ($6 per pip). Gold with a $20 stop allows 60 ounces at 1% risk. The key is working backwards: Risk Amount ÷ Stop Size = Position Size. Between Phase 1 and Phase 2, your rules stay identical - still $6,600 daily loss limit and $13,200 max drawdown. However, your profit target drops from $12,000 to just $6,000, making Phase 2 more achievable. Many traders mistakenly think the daily loss limit increases in Phase 2, but SpiceProp keeps it constant. The 11% max drawdown ($13,200) is your account killer. At 1% risk, this allows roughly 10-11 losing trades before failure. At 2% risk, you're looking at 5-6 losses maximum. Smart traders track their cumulative losses religiously, especially after 3-4 consecutive losses. Consider reducing position size after significant losses to preserve your challenge - going from 1% to 0.5% risk can extend your runway significantly when you're down $8,000+ from your peak.

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