Verification Phase
Definition
The verification phase is the second stage of a two-phase evaluation. It typically has a lower profit target (5%) and longer time limit (60 days) than the challenge phase, with the same drawdown rules.
The verification phase exists to confirm that the trader's challenge performance wasn't a fluke. The lower profit target and extended time limit make it less stressful than the challenge phase, but the same risk rules apply — one drawdown violation still means failure.
Many traders who pass the challenge phase fail the verification because they become overconfident or careless. The reduced pressure can lead to sloppy risk management. Additionally, the drawdown rules don't reset — some firms carry over the drawdown from the challenge phase.
The best approach to the verification phase is to trade exactly the same way you traded during the challenge. Don't change your strategy, lot sizes, or risk management just because the target is lower. Consistency is what the firm is looking for. PropJournal maintains the same compliance monitoring through both phases, ensuring you don't relax your discipline prematurely.
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