Common trading terms explained

Eval (evaluation phase) — the first phase of a Two-Phase Challenge: hit the profit target under the rules to qualify for the funded account. One-Phase Challenges skip this entirely.

Funded account — a simulated account that pays real cash when you hit its payout requirements. One-Phase accounts are funded from day one; Two-Phase accounts become funded after you pass the eval and complete KYC and the Trader Agreement with Prop Account LC (activation is free).

Profit target — the simulated profit you must accumulate to qualify for a payout (or to pass an eval).

Drawdown / max loss — the loss limit that ends your account if breached. On challenges it's intraday trailing (moves up with your intraday gains) until your first payout, then permanently locks at starting balance + $100. Trade League uses a different mechanic: an end-of-day trailing auto-liquidation threshold plus a $2,000 intraday max loss.

Winning day — a trading day with net profit at or above your tier's published per-day minimum. Challenges require a number of winning days per payout cycle.

Consistency rule — a cap on how much of your profit can come from a single day. On One-Phase: no single day may exceed 30% of the current cycle's profit target. On Two-Phase: during the eval, no single day may exceed 40% of the total net profit accumulated during the eval; in the funded phase, no single day may exceed 40% of the current milestone's profit requirement.

Milestone — one of the five payout checkpoints on a Two-Phase funded account.

Reset — a purchase that starts you over with a brand-new account. Unlimited on challenges; up to 10 per Trade League entry.

Daily flatten — the automatic closing of all open positions at 3:59:59 PM ET every day.

Revenue share — the Trade League payout pool, funded by the month's entry and reset revenue and distributed to the top 10% of paid entries.

90/10 split — on every payout, you receive 90% of the displayed amount; TradeSport retains 10%.