Glossary / Prop firms
Profit target
Definition
The gain required to pass an evaluation phase.
Why it matters
Targets are usually 6-10% for forex firms and a fixed dollar amount for futures firms, often paired with a minimum number of trading days.
Example
An 8% phase-one target on a $100,000 account is $8,000. At 1% risk and a 1:2 payoff that is roughly 16 net winning trades.
How to track it in a journal
TradeStack calculates the core performance numbers — win rate, average win and loss, profit factor, expectancy, drawdown and consistency — automatically from imported trades, so profit target stops being something you estimate and becomes something you read.
Related terms
Trailing drawdown
A drawdown limit that moves upward as your account makes new highs.
Daily loss limit
The maximum you can lose in one trading day before the account is breached.
Consistency rule
A requirement that no single day makes up more than a set share of total profit.
Payout split
The share of profits a funded trader keeps.
Questions that use this term
Keep reading
Trading journal guides
Expectancy, profit factor, drawdown, backtesting and the PDT rule.
Free trading calculators
Position size, risk-reward, expectancy and options profit.
Expectancy calculator
Expected profit per trade from your own numbers.
Broker CSV export guides
Step-by-step exports for Tradovate, NinjaTrader, IBKR and more.
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