Managing Challenge Phases
Many prop firm evaluations have multiple phases—typically Phase 1 (higher profit target) and Phase 2 (confirmation phase). The platform lets you track your progress through each phase.
How Phases Work
When you create a challenge with a multi-step type (2-Step or 3-Step), the platform sets up phase tracking automatically. You can then:
Record start and end dates for each phase
Mark phases as complete
Track which phase is currently active
Add notes specific to each phase
Viewing Phase Information
Open a challenge by clicking on it in the table. In the detail drawer, you'll see:
Phase Progress Indicator
A visual bar or icon showing:
Total number of phases
Which phases are complete
Which phase is current
Current Phase Display
The table view shows a "Current Phase" column indicating where you are:
Phase 1
Phase 2
Phase 3
Completed (all phases done)
Updating Phase Status
To update a phase:
Open the challenge detail drawer
Navigate to the Overview or Phase section
Find the phase you want to update
Click to edit
For Each Phase, You Can Record:
Status:
Not Started
Active (currently trading)
Completed
Failed
Start Date: When you began this phase.
End Date: When this phase concluded.
Notes: Anything specific to this phase (profit achieved, days taken, etc.)
Completing a Phase
When you pass a phase:
Mark the phase status as "Completed"
Set the end date
If there's another phase, the next phase becomes "Active"
Example workflow for a 2-Step challenge:
Purchase challenge → Overall status: Not Started
Begin trading Phase 1 → Phase 1: Active, Overall: Active
Pass Phase 1 → Phase 1: Completed, Phase 2: Active
Pass Phase 2 → Phase 2: Completed, Overall: Completed
Convert to funded account → Overall: Converted to Funded
Failing a Phase
If you fail a phase:
Mark the phase status as "Failed"
Set the end date
Update the overall challenge status to "Failed"
You don't need to mark subsequent phases—if Phase 1 fails, Phase 2 never started.
Phases and Challenge Type
Single Phase (1-Step)
One phase to track. Pass it, and you're done.
2-Step
Two phases:
Phase 1: Usually higher profit target (e.g., 10%)
Phase 2: Confirmation (e.g., 5%)
3-Step
Three phases:
Each with potentially different requirements
Less common, but some firms use this structure
Instant
No phases to track—immediate funding. The challenge exists mainly to record the cost.
What Phases Don't Track
Phase tracking is about progression, not performance. You won't record:
Specific profit amounts in each phase
Drawdown percentages
Trading statistics
Daily P&L
Keep that information in your prop firm's dashboard or a separate trade journal. The Challenges module focuses on whether you passed or failed, not the details of how.
Requirements for Conversion
To convert a completed challenge to a funded account, all phases must be marked as complete. The system checks:
✓ Phase 1 Complete
✓ Phase 2 Complete (if applicable)
✓ Phase 3 Complete (if applicable)
✓ End Date Set
If any requirement isn't met, you'll see what's missing when you try to convert.
Best Practices
Update phases promptly
When you complete a phase, mark it right away. This keeps your records accurate and your Dashboard current.
Set dates when they happen
Don't rely on memory later. Record start and end dates as phases begin and end.
Use phase notes
Add a quick note when you complete a phase: "Completed in 8 days" or "Hit 10.5% profit." This context is helpful when reviewing later.
Keep overall status in sync
When you update phases, make sure the overall challenge status still makes sense. If Phase 2 is Active, the challenge should be Active too.
Troubleshooting
"I can't convert—phases aren't complete" Check each phase in the drawer. Make sure all are marked "Completed" and have end dates set.
"I have more phases than I need" If you set up a 3-Step but it's actually 2-Step, you may need to mark the third phase as N/A or completed (depending on your situation).
"My phase dates are wrong" Click into the phase details and edit the dates. Changes save automatically.