This article is for traders on the original $10,000 Challenge, which is no longer available for purchase. If you're currently on a $10,000 Challenge, the rules below apply for as long as it's active. If you're on the $15,000 Challenge, click here for the current rules.
The $10,000 Challenge has five sequential levels. To pass each one, you complete a qualifying trade target within 30 days while staying within the Max Loss rule.
Qualifying trades are your objective. A qualifying trade is a fully closed market position with at least $300 in combined realized profit.
The 30-day timer is your deadline. It runs continuously and does not pause for weekends, holidays, or market downtime. If it expires before you complete your qualifying trades, the level ends.
The Max Loss is the only rule. From Level 2 onward, if your Realized Account Balance drops $750 from its highest point during the level, the level ends immediately. Level 1 has no Max Loss.
Level | Qualifying Trades | Max Loss | Payout | Reset Fee |
Level 1 | 1 | None | — | $19 |
Level 2 | 2 | $750 | — | $29 |
Level 3 | 3 | $750 | $50 | $39 |
Level 4 | 4 | $750 | $200 | $99 |
Level 5 | 6 | $750 | $750 | $249 |
Total potential payouts per Challenge: $1,000
To pass any level, all of the following must be true at the same time
You have completed the required number of qualifying trades
Your Realized Account Balance is above $10,000
You have not hit the Max Loss limit (Level 2 and above)
You are within the 30-day timer
Additional rules that apply at all levels
Maximum position size: $1,000 per market
One account per person
There is no profit target
There are no daily loss limits
There are no minimum trading days
Levels 1 and 2 are practice rounds. No cash payout is awarded at either level. Payouts begin at Level 3.