> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ownit.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Evaluations

> What an evaluation is, the four stages from purchase to payout, and how to switch between accounts.

An evaluation is an account with a profit target and two loss limits. Reach the profit target without touching a limit, respect the best day rule, and you claim a funded account.

01
Purchase
Pick a size. The rules are fixed at purchase.
[Set up an account](https://docs.ownit.xyz/getting-started/account-set-up.md)

02
Evaluation
Reach the target inside the two limits while respecting the best day rule.
[Rulebook](https://docs.ownit.xyz/resources/rulebook.md)

03
Funded
No target. Same rules stay.
[Funding](https://docs.ownit.xyz/trading/funding.md)

04
Payout
Request a payout from \$20.
[Payouts](https://docs.ownit.xyz/platform/payouts.md)

Breach
If your equity breaches a max daily loss or max loss limit, all positions are closed; the account ends.
[Equity, target, and breach](https://docs.ownit.xyz/platform/account-summary.md#equity-target-breach)

### How evaluations work

The trading terminal keeps the evaluation in view while you trade:

* **Equity to target:** how your current equity compares with the profit target.
* **From breach:** how far equity can fall before the account hits a loss limit.
* **Your active evaluation:** switch accounts from the account dropdown.

> [card] [Rulebook](https://docs.ownit.xyz/resources/rulebook.md)
>
> How max loss, max daily loss, and profit target are measured, with a \$100,000 example.

### Trading during an evaluation

You trade on a live market data feed through the same interface as any account, and the rules are checked against your live result. Filled orders become **Positions**. Closed positions go to **Trade History**. Orders that never filled, or were canceled, stay in **Order History**.

### Monitoring your rules

Before and while you trade, check the trading objectives panel and the meters at the top of the screen. Reaching the profit target counts only if you stayed inside both loss limits on the way while respecting the best day rule.

### Switching between evaluations

Switch accounts from the account dropdown. The rule meters, positions, and history follow the selected account.


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