Leveled Up Society Challenge Analysis

Looking to sign up for a Leveled Up Society Challenge? Then you’ve come to the right place.

This guide will explain the rules and regulations of all three Leveled Up Society challenge types. Also, you’ll get some pro tips to pass these challenges and get funded:

Leveled Up Society Challenge: Rules and Terms Explained

You can choose any one Leveled Up Society challenge out of the following three:

• Crystal challenge
• Sapphire challenge
• Diamond challenge

Here are the rules and requirements of each challenge:

Leveled Up Society Crystal Challenge

As part of Leveled Up Society’s Crystal Challenge, buyers can handle account amounts from $10,000 to $200,000. The goal is to find skilled traders who can make money and handle risk well during the two-step review time. You can trade with up to 1:100 leverage in the Crystal Challenge.

Funding	Fees
$10,000	$147
$25,000	$237
$50,000	$327
$100,000	$512
$200,000	$1,025

In the first part of this Leveled Up Society challenge, traders must hit a profit goal of 10% while not going over their 5% daily loss or 10% maximum loss rules. In terms of time limits, keep in mind that during phase one, you do not have to trade for a maximum of one day. You must trade for at least four trading days, though, before you can move on to step two.

In the second evaluation phase, traders must hit a profit goal of 5% while not going over their daily or yearly loss limits of 5% or 10%. When it comes to time limits, keep in mind that during phase two, you don’t have to trade for a certain number of days. You do have to trade for at least four trading days, though, before you can fund your account.

You get a funded account with a minimum transfer amount of 1% of the original account value after passing both review stages. You only have to follow the rules about the 10% maximum loss and the 5% maximum daily loss. If you have money in your account, you’ll get your first payout 30 calendar days after placing your first trade. After that, you’ll get payouts every two weeks. The amount of profit you get will depend on how much money you have in your account.

The Crystal Challenge has a plan for how to make it bigger. For traders who have been successful for at least two of the last three months, with either an average return of 6% over the three months or a 2% return each month over the three months, they will be able to get a 25% increase in the size of their account. For traders, the profit split goes up to 90% after they complete the Crystal Challenge for the first time. It gets even better after the second scaling: the profit split goes up to a final 96%.

Leveled Up Society Crystal Challenge Rules

Leveled Up Society offers a structured challenge designed for traders aiming to demonstrate their skill in managing trading accounts under specific conditions. Here’s a simplified overview of the key rules and objectives participants need to navigate:

Profit Goals: To move through the challenge phases and unlock potential rewards, traders have set profit targets. In the first phase, participants aim for a 10% increase in their account balance. Should they advance to the second phase, the target is adjusted to a 5% profit. It’s noteworthy that once traders are managing funded accounts, there’s no fixed profit target to meet.

Daily and Overall Loss Limits: To ensure responsible trading, Leveled Up Society imposes loss limits. On any given day, traders cannot exceed a 5% loss of their account size, ensuring daily trading activities are kept within a sustainable threshold. Additionally, an overarching rule caps total losses at 10%, safeguarding the account from significant downturns.

Minimum Active Trading Days: Engagement is key; thus, participants are required to trade for at least four days within each evaluation phase. This requirement ensures that traders are actively participating and utilizing the opportunity to meet their objectives.

Trading Restrictions: Certain strategies and timings are restricted to promote fair play and risk management:

• News Trading: To maintain market integrity and manage volatility, trading around the time of high-impact news releases is off-limits. Specifically, traders cannot open new positions or close existing ones within a two-minute window surrounding these announcements.
• Martingale Strategies: The use of martingale strategies, where traders increase their position sizes following losses in an attempt to recover, is strictly prohibited.

By adhering to these guidelines, participants in Leveled Up Society’s trading challenge can navigate the evaluation phases effectively, aiming to reach the stage of managing a funded account with the potential for real financial gains.

Leveled Up Society Sapphire Challenge

The Sapphire Challenge at Leveled Up Society gives buyers the chance to handle account amounts from $25,000 to $200,000. The goal is to find traders who are trustworthy, make money, and can handle risk well during a one-step review time. You can trade with up to 1:30 leverage in the Sapphire Challenge.

In the review phase, traders must hit a profit goal of 10% while not going over their daily or weekly loss limits of 3% or 6%. When it comes to time limits, keep in mind that during the review process you don’t have to trade for a certain number of days. You do have to trade for at least four trading days, though, before you can fund your account.

You get a funded account with a minimum transfer amount of 1% of the original account value once you finish the evaluation part. You only have to follow the rules about the 3% daily loss and 6% maximum loss. You can request your first refund 14 calendar days after placing your first trade on a funded account. You can also request any other payments every two weeks. The amount of profit you get will depend on how much money you have in your account.

Leveled Up Society Sapphire Challenge Rules:

Leveled Up Society’s “Sapphire” challenge presents a unique set of rules designed to test traders’ skills and discipline in a structured trading environment. Here’s a breakdown of the challenge’s framework, tailored for clarity and simplicity:

Profit Goal: To advance through the challenge, participants are tasked with achieving a 10% profit on their starting balance during the evaluation phase. It’s worth noting that once traders qualify for funded accounts, they’re not bound by any specific profit targets, allowing more freedom in their trading approach.

Daily and Overall Loss Limits: The challenge emphasizes risk management through stringent loss limits:

• Daily Loss Limit: Traders are capped at a maximum daily loss of 3%, helping to mitigate significant short-term downturns and encouraging cautious trading behavior.
• Total Loss Limit: An overarching loss limit of 6% is set for all account sizes, ensuring traders maintain a careful approach to risk over the longer term.

Trading Engagement: Consistent participation is vital, with a requirement that traders actively engage in trading for a minimum of four days during the evaluation phase. This requirement is designed to assess traders’ ability to sustain their trading strategy over several sessions.

Strategic and Timing Restrictions: To ensure fair play and manage risk, the challenge imposes specific restrictions on trading strategies and timings:

• News Trading: Traders must refrain from initiating new trades or closing existing positions during volatile periods surrounding high-impact news releases. Specifically, trading is restricted within a two-minute window before and after such news events.
• Martingale Strategies: The use of martingale strategies, which involve doubling down on losing trades to recover losses, is strictly prohibited. This rule aims to discourage risky trading practices and promote sound risk management.

The “Sapphire” challenge by Leveled Up Society is carefully structured to highlight and nurture trading talent through a focus on profit generation, disciplined risk management, and consistent trading activity, all while adhering to specified strategic guidelines. Participants who successfully navigate these requirements have the opportunity to progress to managing a funded account, where they can apply their skills without predefined profit targets, within a supportive and regulated trading environment.

Leveled Up Society Diamond Challenge

For traders, Leveled Up Society’s Diamond Challenge gives them the chance to handle account sizes from $10,000 to $300,000. The goal is to find skilled traders who can make money and handle risk well during the two-step review time. You can trade with up to 1:100 leverage in the Diamond Challenge.

In the first part of evaluation, traders must hit an 8% profit goal while not going over their 5% daily loss or 8% maximum loss rules. In terms of time limits, keep in mind that during phase one, you do not have to trade for a maximum of one day. You must trade for at least four trading days, though, before you can move on to step two.

In the second part of evaluation, traders must hit a profit goal of 5% while not going over their daily or weekly loss limits of 5% or 8%. When it comes to time limits, keep in mind that during phase two, you don’t have to trade for a certain number of days. You do have to trade for at least four trading days, though, before you can fund your account.

You get a funded account with a minimum transfer amount of 1% of the original account value after passing both review stages. You only have to follow the rules about the 5% daily loss and the 8% maximum loss. If you have money in your account, you’ll get your first payout 30 calendar days after placing your first trade. After that, you’ll get payouts every two weeks. The amount of profit you get will depend on how much money you have in your account.

Leveled Up Society Diamond Challenge Rules:

Leveled Up Society’s “Diamond” challenge is structured to evaluate and reward trading proficiency under well-defined conditions. Below are the streamlined rules and goals for participants aiming for success in this particular challenge:

Profit Objectives: Participants are tasked with reaching specific profit percentages to progress through the challenge and unlock various benefits. The initial phase, or Phase 1, sets the bar at an 8% profit increase of the starting account balance. Advancing to Phase 2, the requirement moderates to a 5% profit gain. Notably, once in the funded account stage, there are no preset profit targets, offering more flexibility in trading strategies.

Loss Management: To promote sustainable trading habits, the challenge includes safeguards against excessive losses:

• Daily Loss Limit: A cap is placed on the amount a trader can lose in a single day, fixed at 5% of the account’s total value, to prevent steep, short-term downturns.
• Overall Loss Limit: There’s also an aggregate loss limit, set at 8% for all account sizes, ensuring long-term account integrity and risk management.

Active Trading Requirement: Engagement over time is essential, with a stipulation that traders must actively trade for a minimum of four days within each evaluation phase, demonstrating consistent participation and effort.

Strategic Restrictions: Certain strategies and trading timings are constrained to maintain market fairness and manage risk effectively:

• News Trading: High volatility periods surrounding major news releases are off-limits for initiating or closing trades. Specifically, a two-minute embargo is enforced both before and after significant news announcements.
• Martingale Strategies: The use of martingale strategies, characterized by doubling down on losing trades to recoup losses, is strictly forbidden, encouraging more prudent risk management.

Navigating the “Diamond” challenge successfully requires adherence to these guidelines, combining strategic acumen with disciplined risk management. Participants who meet these criteria can advance through the challenge’s phases, aiming ultimately to manage a funded account with the potential for substantial earnings.

Leveled Up Society Challenge: Tips for New Traders

As a highly experienced forex prop trader, I’ve navigated numerous challenges and learned valuable lessons along the way. Here are some key tips to help you, as a beginner, increase your chances of winning the Leveled Up Society challenge:

1. Understand the Rules Inside Out

Before you start trading, make sure you fully understand the challenge’s rules. Know the profit targets, maximum drawdown limits, and any trading restrictions. This knowledge allows you to tailor your trading strategy to fit within these parameters, maximizing your chance of success.

For example, unlike many prop challenges, the Audacity Capital Ability challenge doesn’t have a time limit. This means you can focus on strategies which are solely focused on reaching the target profit without the time restraint.

2. Develop a Solid Trading Plan

A well-thought-out trading plan is crucial. This should outline your trading strategy, risk management rules, and how you plan to achieve the challenge’s goals. Decide on the currency pairs you’ll focus on, determine the best times to trade, and establish how you’ll manage losses. Your trading plan should be your blueprint throughout the challenge.

3. Prioritize Risk Management

The most common reason traders fail prop challenges is not due to lack of profitable trades, but because they fail to manage risk effectively. Set strict rules for how much of your account you will risk on a single trade and stick to it. Use stop-loss orders to protect each trade, and remember, preserving your capital is as important as making profits.

4. Start Small and Scale Gradually

Resist the temptation to take large positions early on. Start with smaller trades to get a feel for the market and the challenge conditions. As you become more comfortable and accumulate profits, you can gradually increase your trade size, always adhering to your risk management rules.

5. Keep Emotions in Check

Trading can be an emotional rollercoaster, especially in a high-stakes environment like a prop trading challenge. It’s essential to maintain discipline and not let emotions drive your trading decisions. Whether you’re on a winning streak or facing losses, stick to your trading plan and risk management rules.

6. Learn from Every Trade

Maintain a trading journal where you document each trade, including your rationale, the outcome, and any lessons learned. This practice can be incredibly insightful, helping you to refine your strategy and avoid past mistakes.

7. Stay Informed

Keep abreast of market news and events that could impact currency movements. Economic indicators, geopolitical events, and central bank decisions can all cause volatility in the forex market. Use this information to make informed trading decisions.

8. Leverage Educational Resources

Many prop firms offer educational resources, webinars, and mentorship programs. Take advantage of these to enhance your trading knowledge and skills. Learning from experienced traders can provide valuable insights that you can apply to your own trading.

9. Practice Makes Perfect

Consider practicing your strategy on a demo account before taking on the challenge. This can help you refine your approach and get accustomed to the trading platform without any risk.

10. Stay Persistent and Learn from Failure

Even experienced traders face setbacks. What sets successful traders apart is their ability to learn from failures and persist. If you don’t succeed in your first challenge, analyze what went wrong, adjust your strategy, and try again.

Winning a prop trading challenge as a beginner is certainly challenging, but with diligent preparation, a disciplined approach, and continuous learning, you can significantly increase your chances of success. Remember, every trader’s journey is unique—focus on developing your skills and finding a strategy that works best for you.

Leveled Up Society Challenge: Conclusion

Leveled Up Society offers three meticulously structured trading challenges: Diamond, Sapphire, and Crystal, each designed to test and refine a trader’s ability to navigate the forex market.

The Diamond and Crystal challenges set initial profit targets at 8% and 10%, respectively, with subsequent phases demanding lower targets, reflecting a balanced approach to risk and reward. Sapphire simplifies with a single 10% target. Daily and total loss limits across the challenges encourage disciplined risk management, a cornerstone of professional trading. Strategic restrictions, such as the prohibition of news trading and martingale strategies, further underscore the importance of skillful market analysis and prudent decision-making.

Successful navigation through these phases not only proves one’s trading prowess but also opens the door to managing significant funded accounts, marking a pivotal step in a trading career.