Here is a reminder of some things to keep in mind
- Every 22 trading days starts a new ‘attempt’ to beat the challenge with a 100k Sim Account
- You’ll only be trading stocks listed on the NASDAQ Exchange
Here are the Challenge Guidelines per Challenge attempt:
- Trade at least 12 of the 22 trading days
- Have at least 80 Round Turn Trades (In & Out)
- Profit more than $5,000
- Can't Lose more than $3,000
- If you lose more than $500 a day, you are done for the day but can continue the next trading day. No more than 3 max daily drawdowns per challenge
- Can't trade more than 1000 shares per security
- Biggest winning trade must be larger than largest loss
- All trades must be closed in the same market day
- W/L ratio must equal 1.20 or better
- Must have a minimum 40% BAT
W/L Ratio = Average Amount won per winner/ Average amount lost per looser
BAT= Winning trades/total amount of trades
"Your batting average in Funder is really known as your average number of winning trades. To calculate this number you take the amount of winning trades you have and divide it by the number of total trades you have. "