Phase 1 — 10% target
Phase 1 requires simulated profit equal to 10% of your starting balance. On a $50,000 account, that is $5,000 net profit above the starting balance while respecting all drawdown limits.
Phase 2 — 5% target
After Phase 1 clears, Phase 2 begins on a fresh balance equal to your account size. The target is 5% net profit. Drawdown limits reset to the new phase starting balance.
$200,000 account example
- Phase 1 target: +$20,000 (10%)
- Phase 2 starts at $200,000 balance
- Phase 2 target: +$10,000 (5%)
- No minimum number of trading days required for either phase