What 10 to 16 trades means in cash
0.50% of $100,000 is $500. Sixteen winning trades at one times that risk, with no losses, equal $8,000. That is the clean end of the range. Ten trades have to average $800 of profit each, which is 1.6 times the $500 risk, or the total misses the target. Losses mean you need still more winning R. The range is a plan for spacing, not a promise that the sixteenth ticket lands on the target by itself.
Five minimum trading days still apply, and the standard 2-Step has no best-day cap. You can have an uneven week. You cannot skip the day count because one session was large. The static maximum remains $10,000, floor $90,000, so the pass dies on the day more often than on the lifetime line.
Phase 2's target is one full red day
Phase 2 asks for $5,000. The daily allowance asks you not to lose $5,000. One full red day in Phase 2 gives back the entire second target. That is the expensive symmetry in this challenge. The traders who grind Phase 1 at $500 a trade and then double size in Phase 2 because "it is only 5%" donate the pass on the first news wick.
Keep the same $500 ticket. Ten losses still equal the day. You can sign up for Venasri and leave the Phase 2 profile on the same cash risk as Phase 1 so the second target is not traded like a new account.
Stop at $4,250, not at $5,000
4.25% of $100,000 is $4,250. The official line is $5,000. The $750 gap is the difference between those two published percents. It is about one and a half half-percent trades. If you wait for the firm to stop you, you are already in breach. The reset is 00:00 CE(S)T from the higher of balance or equity, so a float into midnight can make tomorrow's 4.25% a different cash number than $4,250 under $100,000.
Set the lock on Equity Guard before the session. After a snapshot that includes open profit, move the cash figure with the new base. The static $90,000 floor does not need to be your intraday trigger.
The leaks that spend the day you budgeted
Three trades inside five minutes of a loss, a wider stop, edits inside 60 seconds, averaging down, and a lot more than double the last size will spend $5,000 without completing 10 planned trades. Trade2Earn tokens on every closed lot make the extra ticket tempting. Funded news, later, is a five-minute window. Phase 1 and Phase 2 may still trade the release, and the stop still counts if it slips.
