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.
Example of Trading Activity:
Day 1: You open a trade with a $600 position. The trade ends with a profit of $90 (15% of the trade’s value). Since $90 is greater than 1% of $600, this day counts.
Day 2: You execute a $500 trade with a loss of $60 (-12% of the trade’s value). Since $60 is greater than -1% of $500, this day also counts.