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2 Step Challenge (Stocks)
Updated over a week ago
  • Profit target: 10% for Phase 1 and 6% for Phase 2.

  • Max drawdown: Is set as 10%.

    Example: You have 100k account. It will remain static from the starting balance of $100k.

    That mean if you have a 100k 2-step challenge, the maximum loss limit is established at $90,000. Should your account profit and your balance increase above the initial amount, your maximum loss limit will steadfastly remain at $90,000, without any adjustments for increased equity

  • Max daily drawdown: Is set as 4%.

    It is calculated based of the starting balance which subtracts from the Balance/Equity, whichever is higher at the start of the day.

    Example: You have a 100k account.

    Your Daily Drawdown is static 4%. That mean that the maximum it can go down to is $96,000.
    The Equity can go to $104,000 (4%) and come back down to $96,000(-4%) the same day and still be able to trade.

  • Minimum Trading Days: Requires a minimum of 7 trading days.

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