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We have arrived at the last less
Turn off this mentorship and we're going to
You talking about phonetic account
How to pass
And how to
Retain
So how do we pass and how do we keep those funded accounts right
As we all know Phase 1
Of most firms is 8% profit Target
And Phase 2 is 5% profit Target
Now depending on the ProForm
You have a either 10% Max drawdown or 12 Maxwell Drive
And most of the time the daily maximum drawdown is 5%
But we don't want to risk 5% in a day right so
Be sensible
Are objective is to win two traits in a row
And this risk management plan is framed around a different models taught in the mentorship
And assuming you follow all the rules
Our objective with the First Rate is to get
At 2 to 3% buffer
On the account and then
We going to
2%
So phase one right 8% profit Target option number one how are we going to do this when we are break-even or
We are starting out the account we risk 1% and then we aim for a one to two
Don't call me Amy
1254126 we want to go
And build up our buffer first right so 122
For a 2:30
Now for a second
What we raise 2%
And then we aim for 1 to 3:00 and that would be 6% right
So with two winners you can get a phase one passed with 8%
If at any point we are back at break even we risk 1%
At any point when we are below break even
We risk 1% or less and we don't risk more
To catch up right because then
If we take another loss
Here we go risk 2%
What's 3%
We go even deeper in draw
Option number two
When we're at Breakeven we risk 1% and then we aim for a 1 to 3
So then we have a 3% buffer to start off our account right
For a second rate
Then we risk 2% and then we aim for a 1 to 2 and a half hour
Making 5% right so again
With two portraits you passed at 8%
Face
Profit Target
If at any point
Again we are Breakeven
Then we risk 1% again
And if we are below Break Even if we risk 1% or less
And never risk more
Now for Phase 2
Option number one at break-even again we risk 1% and aim for the buffer right at 1:22 so we have
2% buffer
Then for a second trade
We risk 1% and then
Volume for a one to three
Now you can see
This is a little bit more conservative right
Phase one you have to
8% profit Target which can be
Play alarm clock if it's not done properly but it's 5% is a little bit easier to obtain so
There's no RIS
To risk 2% right for option number one so
Risking 1% to go for one to three
Getting the 3% and then you have that full 5%
The face to
Again at any point if you are Breakeven
We risk 1% again
As always and then if we are below break even
Or we are in drawdown we risk 1% or less
And never risk more
Option number 2 at Breakeven we risk 1% and then we aim for a 1 to 3
Alright so we aim for
What's 3% for our first rate
And then for our second trade we risk 1 percent
And then aim for a one to two
So that should be a pass on your challenge account
In two trades once again
If you're at any points at break even
Risk 1% again
And if you are below break even
Risk 1%
Or less
And never risk more than 1%
So now that we've attained that life account at break-even we risk half a percent and then aim for
One to two now we have a 1 buffer right
So for a second rate now we can risk 1%
And then aim for a 1:22
Or 1 2 3
And that's depends on the Traders strike rate
Once you reach about 2 to 6% on your life account
Leave
Because
We move on to the next account
What's a life on the account reaches the to 6%
You can wait for your payout
Get your challenge money back
And then you can move
To the next account
And this is how you build up
Your
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