Profit Target is the amount of profit you must achieve in a specific Phase of the Challenge. The Profit Target is calculated as the profit you have earned on closed positions, i.e. the Profit Target does not include currently open positions. To successfully progress to Phase 2 and then to the Funded portion, you must close all of your positions. For example, if you have a profit of 12% in Phase 1, you have met the Profit Target, but in the next Phase you start from the beginning again.