To achieve this objective, you must engage in trading activities over a minimum of 10 distinct trading days within the current cycle. Each trade must have a minimum value of 5% of the initial balance, and the trade’s profit/loss (PnL) must be at least 1%/ -1%. A trading day is counted if at least one trade is executed and closed on that day, regardless of the duration for which the position is held. On each trading day, you must open at least one position. Even if you achieve your profit goal in fewer than 10 trading days, you must still complete the minimum of 10 trading days to allow for a comprehensive assessment of your trading skills and the sustainability of your performance.
Scenario:
You have a trading account with an initial balance of $10,000. To meet the trading requirements, you must:
- Engage in trading activities over a minimum of 10 distinct trading days.
- Ensure each trade has a minimum value of 5% of the initial balance. For a $10,000 account, this means each trade must be at least $500.
- Ensure each trade’s profit or loss (PnL) is at least 1% or -1% of the trade’s value.
Incorrect Example:
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Challenge size: $100,000
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Trade size: $12,000 → meets the 5% minimum trade value
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Realized profit: $80 → PnL = 0.66%, which is below the required 1% of trade size
To qualify as a valid trading day, the PnL must be at least ±1% of the trade value.
In this case, the minimum required PnL is $120.
Since $80 is less than 1% of $12,000, this trade does not count as a valid trading day.
Correct Example:
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Trade size: $600 → meets the 5% minimum for a $10,000 account
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Realized profit: $90 → PnL = 15% of trade size, which is above the 1% threshold
This trade does count as a valid trading day because both the trade size and PnL meet the required criteria.
Please note: It’s important to clarify that even if a profit doesn’t count towards the trading days requirement, it still contributes to meeting your profit target. While trading days are not affected, any profit you earn will count toward reaching your goal.