The second stage of a prop firm evaluation, typically requiring 5% profit with the same drawdown rules as Phase 1. Phase 2 has a lower profit target to verify consistency rather than aggressive return
The second stage of a prop firm evaluation, typically requiring 5% profit with the same drawdown rules as Phase 1. Phase 2 has a lower profit target to verify consistency rather than aggressive returns. Traders who pass Phase 1 pass Phase 2 at a much higher rate (~50-70%) because they've already proven their approach.