The first stage of a prop firm evaluation, typically requiring 8% profit while respecting 5% daily DD and 10% max DD. Phase 1 is designed to test if a trader can generate returns within strict risk pa
The first stage of a prop firm evaluation, typically requiring 8% profit while respecting 5% daily DD and 10% max DD. Phase 1 is designed to test if a trader can generate returns within strict risk parameters. Most challenges fail in Phase 1 due to drawdown breaches, not failure to reach the profit target.