Money log: what your prop challenges cost and paid

A prop firm is a company that lets you trade its money once you pass its test, the challenge. Each attempt has a price, and some attempts pay you back. The money log adds it up, so you know if the whole effort makes money. You can log a challenge even if you never linked the account.

Log a challenge

1. 1Open Journal, Prop and money, then the Money log card. (It is the Money tab of the Prop tracker.)
2. 2Press Log a challenge.
3. 3Pick the Firm from the list of forex prop firms.
4. 4Type the Phase in your own words, for example Phase 1 or Funded, and the Account size.
5. 5Pick the Status: Active, Passed, Failed, Funded or Closed.
6. 6Type the date in Started on. When the challenge is decided, add Ended on: it feeds the average days to pass.
7. 7Optional: pick a Linked account, or leave No link. Add a Note.
8. 8Press Save.

Add fees and payouts

1. 1On the challenge, press Add fee. Pick the Fee type (First purchase, Reset or Re-buy), type the Amount and the Date.
2. 2When the firm pays you, press Add payout and type the amount and the date.

Read the summary

Money view shows Spent, Received, Net, Return, Pass rate and Avg. days to pass, for each firm and Total in your currency. Press Export CSV to take the data to a spreadsheet.

Good to know

• Deleting a challenge also deletes every fee and payout logged on it, and cannot be undone. The page asks you to confirm.
• The money log is part of the paid plans. The Progress tab of the same page follows your live rules. Prop tracker.