In Phase 1 of the program, the profit target is set at 10% of the starting demo account simulated balance.
To illustrate, let's consider three examples:
Example 1:
Starting demo account balance: $100,000
Simulated Profit target for Phase 1: 10% of $100,000 = $10,000
Example 2:
Starting demo account balance: $50,000
Simulated Profit target for Phase 1: 10% of $50,000 = $5,000
Example 3:
Starting demo account balance: $200,000
Simulated Profit target for Phase 1: 10% of $200,000 = $20,000
It's important to note that Phase 1 sets a specific simulated profit target to be achieved based on the starting simulated account balance. This simulated target provides traders with a clear objective to work towards during this phase of the program.
In the Simulated Prop Trading phase, there is no specific simulated profit target. Instead, the focus shifts to managing risk and maintaining consistent performance. While there is no predetermined simulated profit target in the Simulated Prop Trading phase, traders are encouraged to continue their disciplined trading approach and strive for ongoing profitability in simulated trading.
By setting simulated profit targets in Phase 1 and transitioning to a risk management approach in the Simulated Prop Trading phase, we aim to foster a balanced and sustainable simulated trading environment for our traders.
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