To maximize your success and maintain compliance during your trading journey, please adhere to the following important guidelines and restrictions for this Plan:
- Maximum Daily Drawdown:
- You are permitted a maximum daily drawdown of 5% (10% for aggressive plans) of your account balance.
- This means that on any given day, your losses should not exceed this percentage.
- The daily loss limit is determined based on the balance at the end of the previous day (5 PM EST).
- Maximum Overall Drawdown:
- The maximum overall drawdown allowed is 10% (20% for aggressive plans) of your initial account balance.
- Your account's balance/equity should not fall below 90% (80% for aggressive plans) of the initial amount at any point during your trading journey.
- Profit Target:
- First Phase: Achieve a 10% (20% for aggressive plans) profit target.
- Second Phase: The profit target is set at 5% (10% for aggressive plans).
- Minimum Trading Days:
- Execute a minimum of 4 individual and separate trades during the Challenge.
- These trades can occur on non-consecutive days, providing you with flexibility.
- There is no upper limit on the number of trades, allowing you to trade as freely as you wish.