DEFINITION
Profit Target
The percentage or dollar profit required to pass a prop firm evaluation phase. Common targets: 10% for Phase 1, 5% for Phase 2.
Related terms
Challenge
The evaluation phase of a prop firm account. Traders must meet a profit target while respecting drawdown rules to pass and receive a funded account.
Consistency Rule
A prop firm rule preventing a single day's profits from exceeding a fixed percentage of the total profit target. Prevents traders from passing via a single lucky trade.
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