Log the plan before the trade and the result after it; the gap between them is the lesson.
Measure results in R (multiples of risk) so different sizes compare fairly.
Track your best-day share so the consistency rule never surprises you at payout.
Why journal on a funded account
A journal turns vague feelings (“I trade badly on Fridays”) into facts you can act on. On a funded account it does one more job: it shows how close you are to each rule before the rule tells you.
The MyFundedCapital Terminal keeps a report with your account curve, a calendar, tags and MAE / MFE for every trade (how far a trade went against you and for you before you closed it). Use it as the data layer. Your journal adds what the platform cannot see: why you took the trade and how you felt.
Start simple. A spreadsheet or a notebook works. What matters is that every trade gets an entry the same day, while you still remember why you took it.
What to record for each trade
| Field | Example | Why it matters |
|---|---|---|
| Setup | London breakout, EURUSD | Shows which setups pay |
| Planned entry, stop, target | 1.0840 / 25 pips / 50 pips | Compares plan with execution |
| Risk | 0.5% ($50 on $10,000) | Keeps size honest |
| Result in R | +2R, −1R | Compares trades of any size |
| Rule check | Inside plan / bent rule | Finds the habits that cause breaches |
| State | Calm, rushed, tired | Links mood to results |
Tags in the Terminal report make the setup column fast: tag each trade once and filter by tag in the weekly review. Keep the list of tags short, five to eight at most, or the filter stops telling you anything.
The numbers the rules care about
- Daily result versus the daily limit. Note your worst day each week as a share of the 5% limit (or 3% on Instant Funded). If your worst day is creeping toward it, size is too large.
- Best-day share. Best day ÷ total profit × 100. On funded accounts it must stay at or below 35%. With $2,000 of total profit, your best day may be at most $700.
- Distance to the maximum-loss floor, in dollars, at the end of each week.
Write these three numbers every Friday. They take two minutes and turn the rules from surprises into numbers you watch, the same way you watch price.
The weekly review
Once a week, read the journal in one sitting and answer three questions:
- Which setup produced most of the R, and which lost it?
- Which bent rule cost the most?
- What is one change for next week?
One change, not five. Write it at the top of next week’s page and check it in your pre-market routine. Look at MAE and MFE as well. If your winners often go far against you before they work, your entries may be early. If your losers rarely move in your favour at all, your setup may need a filter. Let the data suggest the change, then test it for a few weeks before you judge it.
Over a few months the journal becomes your own rulebook, built from your own trades.
Quiz
Check yourself
0 / 3
Lesson complete
Nice work. … of 5 lessons in Psychology & routine done.
MyFundedCapital School
Psychology & routine checklist
Rules as of 17 Oct 2026. Tick each line before your next session.
| Rule | 1-Step Challenge | 2-Step Challenge | Instant Funded | MFC Stocks | Prediction Markets |
|---|---|---|---|---|---|
| Profit target | 10% | 8% + 5% | — | 7% | 10% |
| Daily loss limit | 5% | 5% | 3% | 2% daily pause | 3% |
| Maximum loss | 10% · trailing | 10% · static | 6% · trailing | 5% · trailing | 6% · trailing |
| Consistency | 35% | 35% | 35% | 35% | 35% |
| First payout | after 7 days | after 14 days | after 14 days | after 14 days | after 7 days |
| Then every | 7 days | 14 days | 7 days | 14 days | 7 days |
| Profit split | 80% → 95% | 80% → 95% | 70% → 80% | 70% → 80% | 75% → 90% |
1. How do funded traders stay disciplined after a loss or a big win?
- Decide your reaction to a loss, a big win and a missed trade before the session starts.
- Stop for the day at roughly half the daily loss limit, then close the platform.
- Keep risk per trade unchanged after a strong week; profit is not extra room.
2. How long does it take to pass a challenge at a steady pace?
- Target ÷ daily average = trading days. Pick an average you can repeat, not your best day.
- The 1-Step and 2-Step have no time limit, so speed buys you nothing.
- Keep the same size near the target; most challenges are lost in the last week.
3. What should a pre-market routine checklist include?
- Write today’s daily floor in dollars before you look at a chart.
- Mark high-impact news times; the 1-Step, 2-Step and Instant Funded have a news window.
- Decide your maximum number of trades and your personal stop before the open.
4. What should a prop trader record in a trading journal?
- Log the plan before the trade and the result after it; the gap between them is the lesson.
- Measure results in R (multiples of risk) so different sizes compare fairly.
- Track your best-day share so the consistency rule never surprises you at payout.
5. How do you stop revenge trading on a funded account?
- Revenge trading is raising risk to recover a loss; it turns a bad day into a breach.
- Use three circuit breakers: a personal daily stop, a cooldown, and fixed size.
- At 0.5% risk you can absorb many losses; at 2% only a couple fit under the daily limit.
myfundedcapital.com/learn/
Questions
Is the Terminal report enough, or do I need a separate journal?
The report covers the numbers. A short separate note for reasons and state of mind adds the part that explains them, and that is where most improvements come from.
How long should each journal entry take?
About a minute per trade. If it takes longer, cut fields; a journal you keep is worth more than a perfect one you abandon.
Related lessons
Tools and rules
Rules shown here come from the help center and the live rulebook; your program terms apply.
