A Profitable Day is a trading day where the closed positions result in a net positive profit of at least 0.5% of the initial balance.
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The net positive profit is calculated as follows:
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Minimum of (Midnight Balance, Midnight Equity) - Previous Day Balance
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Example Calculation:
For an account size of $100,000, the required profit to achieve a Profitable Day would be:
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Required Profit=100,000×0.005=500
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Therefore, the net profit from the closed positions must exceed $500 to satisfy the criteria for a Profitable Day.
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This rule ensures that traders consistently achieve growth and manage risk effectively throughout the challenge.