A note on completing the challenge early.
If you complete the profit target and consistent days objectives before having traded enough days, please continue to trade the way you have been trading, so we can get an understanding of your performance over the entire period.
If you finish the challenge in less days than required and 'sit in the funding zone' scalping 1 lot micros waiting to pass, we may extend the evaluation period.
We would like to see the required days of trading data, not less. As such we require all days of trading to be similar to each other.
Material changes in the number of trades taken, changes in the contracts traded, or changes in the times of day the majority of trading has taken place will all raise red flags. We will review the trading and if we believe these were an attempt to reduce the risk in order to see out the evaluation, we will extend it.
We are looking to fund traders who are confident in their ability to make consistent returns, not traders who can take advantage of a system.
Why do we have this objective?
TradeDay is evaluating your skills as a trader, we want to back traders that can demonstrate consistent and profitable trading over a period of time.
If you managed to achieve the profit target to quickly, then this wouldn’t tell us much about your potential. By asking you to trade for the minimum number of days we can see how you perform over a period of time.