Managing large capital is a dream for many traders; however, not everyone can wisely handle even $5,000 — let alone $200,000. The market doesn’t forgive mistakes, especially when driven by overconfidence! That’s why Gerchik & Co invites traders to take the prop challenge, a test on a demo account that opens the door to managing large funds.
The challenge puts your strategy and money management to the test on demo accounts. Once you complete it successfully, you receive real capital from the broker to manage. But before diving in, ask yourself: Are you truly ready? Give honest answers to 10 questions to see how close you are to your goal. Based on your results, you’ll get personalized recommendations on where to start, how to level up, and where to find support along the way.
Test:
- What does a “trading plan” mean to you?
A) A clear strategy with entry points, stop losses, and targets. I never trade without it.
B) A general plan in my head, but I often adapt to the situation.
C) I write down ideas sometimes, but mostly rely on my gut feeling.
- What do you do after a series of losing trades?
A) I analyze mistakes, take a break, and adjust my strategy accordingly.
B) I move on — there’s always a chance to recoup.
C) I panic and start doubling volumes to recover losses faster.
- What risk per trade do you consider acceptable?
A) No more than 1%, occasionally up to 2%.
B) Up to 5%, depending on my confidence in the trade.
C) I don’t think in percentages, I just trust my intuition.
- You entered a trade, but the price moves against you. What’s your reaction?
A) I exit the trade at my stop loss level, as planned.
