What is the Profit Target?
Your profit target is 10% of your starting equity. You need to reach it on closed trades, without your equity reaching your loss limit.
Target equity = Starting equity + (Starting equity × 10%)
Profit on open trades doesn't count. Your equity needs to be above your target equity after you close your positions.
Examples and Calculations
Account size | Profit target | Target equity |
$10,000 | $1,000 | $11,000 |
$50,000 | $5,000 | $55,000 |
$75,000 | $7,500 | $82,500 |
$100,000 | $10,000 | $110,000 |
$150,000 | $15,000 | $165,000 |
Example: On a $10,000 account, your profit target is $1,000 ($10,000 × 10%). You need to reach $11,000 in equity on closed trades.
Frequently Asked Questions
My equity went above my target while a trade was open. Did I reach my profit target?
No. Only closed trades count. If you close the trade and your equity is still above your target equity, you've reached it.
I reached my profit target. Why haven't I passed?
The profit target is one of three requirements. You also need at least 4 trading days and daily consistency below 30%. If your consistency is 30% or higher, keep trading to bring it down. See Daily Consistency Rule.
Is there a time limit to reach my profit target?
No. Take as long as you need.