Publisher disclosure: This guide is published by blockfunded, the provider of the simulated evaluation described below. It explains product mechanics and does not promise trading results.
The chart explains the market you are watching. Your evaluation account explains whether the next simulated order fits the rules you are trading under. Before opening an order ticket, read both.
At blockfunded, the active account view brings balance, open profit or loss, available trading power, objectives, drawdown status and trading days together. These fields answer different questions. A favourable chart or a green profit number does not make the other fields irrelevant.
Start with the correct active account
Select the evaluation account you intend to use. If you have more than one account or stage, check its name and current status before looking at a market. A quote, chart or order list without the matching account context can lead you to apply the wrong limits.
Read the rules attached to that account. The public challenge guide describes the current standard program, but the checkout and account-specific rules govern the actual order. A screenshot or a blog example is not a substitute for the live account display.
Separate balance from current equity
Balance records realised results. An open position can change current equity before it closes. That distinction matters when a daily or total drawdown check uses the account's current state. An account can look comfortable from its closed-trade balance while open positions have already reduced the room left to a mandatory limit.
Read the live drawdown status, then ask what the existing positions and pending orders could do next. Do not treat the displayed remaining amount as a budget to spend. Spread, commissions, fast price moves and simulated execution effects can make a realised outcome different from a simple entry-to-stop calculation.
Check the whole account's planned downside
Suppose, purely as an illustration, that open positions could lose a combined $300 at their planned exits, a proposed order adds $150 of planned loss and estimated costs add $20. The combined scenario is $470, before any further execution difference. Looking only at the proposed order's $150 would hide most of the account exposure.
That example is not a forecast or a suggested risk level. The useful method is to place the next order beside existing exposure and the account's live daily and total room. Correlated crypto markets can also move together; separate symbols do not necessarily mean separate risks. For a deeper example, read Crypto Correlation Risk: When Three Trades Become One Bet.
Read objectives and trading days separately
The profit target and minimum trading days are distinct requirements. Reaching a displayed target does not by itself complete a stage. Likewise, a completed day counter does not override risk limits or review conditions. The app tracks those objectives separately, so check both instead of remembering what yesterday's status showed.
Calendar pressure should not become a reason to place a trade without a valid setup. The question is whether the next order fits your written process and the remaining stage conditions.
Confirm the market and order ticket
Once the account state makes sense, select the market. Wait for a live connection and current bid and ask prices. The trading workspace guide says the Buy and Sell controls remain unavailable when required inputs or fresh prices are missing.
Check the order type, side, volume, leverage and any entry or protective levels. Leverage changes required trading power; it does not remove the downside of the position. If you use a stop loss, decide where the trade idea is invalidated and whether the resulting size is compatible with the account's risk room. Protective controls do not promise a particular execution price.
Submit once, then verify the result in the order list. An attempted submission and a confirmed simulated order are different states. The order list is where you can inspect status, open price, current price, simulated P/L, commission and configured exits.
A short pre-order check
- Am I looking at the intended active account and its current rules?
- What are balance, open P/L and live daily and total drawdown status now?
- What could existing positions and the proposed order lose together, including modeled costs?
- Are the market connection, bid and ask prices current?
- Are order type, side, volume, leverage and exit controls the ones I meant to submit?
If any answer is unclear, pause and inspect the account rather than guessing from the chart. All blockfunded evaluation balances, orders, profits and losses use virtual funds in a simulated trading environment. This guide explains product mechanics; it is not a trading recommendation or a guarantee of any result.
Sources: blockfunded Getting Started, Challenge Rules, Trading Orders, CFTC virtual currency risk advisory.