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OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity)


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OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity)

  #221 (permalink)
 lone 
boston, MA
 
Experience: Beginner
Platform: ninjatrader
Trading: emini
Posts: 69 since Mar 2016
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They are different from topstep. But what you experienced is stated in the rules for their evaluation.


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  #222 (permalink)
 sdp1969 
Pittsburgh,Pa
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL
Posts: 11 since Oct 2015
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The line you highlighted is ambiguous. In no way would anyone interpret that line as meaning "If you are up 500 dollars in a trade and it comes back and you gain only 300, we are going to reduce your trail limit by 500 dollars." If that is what they want to do, then it should say that clearly. By being ambiguous, they get to sponge their subscribers for renewal fees.

Steven

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  #223 (permalink)
 icog 
Sofia Bulgaria
 
Experience: Intermediate
Platform: TradeStation
Broker: TradeStation
Trading: Everything
Posts: 194 since Oct 2016
Thanks Given: 391
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You don’t really think these companies business model is looking for great traders to fund them, don’t you?


Sent from my iPhone using futures.io

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  #224 (permalink)
 estx50 
Guernsey, CI
 
Experience: Advanced
Platform: Jigsaw + Sierra Charts
Trading: ES, ZB, UB
Posts: 5 since Nov 2010
Thanks Given: 5
Thanks Received: 8


sdp1969 View Post
The line you highlighted is ambiguous. In no way would anyone interpret that line as meaning "If you are up 500 dollars in a trade and it comes back and you gain only 300, we are going to reduce your trail limit by 500 dollars." If that is what they want to do, then it should say that clearly. By being ambiguous, they get to sponge their subscribers for renewal fees.

Steven

I'm not sure why you think this is ambiguous? It clearly says about unrealized profits in the rules definitions. I would imagine the reason they want to do that is to stop traders from having wild swings intraday and instead build consistency by building profits slowly. What type of trader would you prefer if you were backing them with your cash? It's not easy and you have to adjust your style accordingly, but that's a big factor in being consistent.

I've just finished my 50k evaluation and received an email about getting funded so will report with any good/bad experiences.

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  #225 (permalink)
emini2000
Atlanta GA USA
 
Posts: 285 since Aug 2013
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icog View Post
You don’t really think these companies' business model is looking for great traders to fund them, don’t you?

Sent from my iPhone using futures.io

Bingo. Anyone who thinks it is is extremely naive. The majority the money is made from the combines. I'm not saying that's wrong. It just is what it is.

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  #226 (permalink)
 
dyst's Avatar
 dyst 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
Posts: 109 since May 2015
Thanks Given: 75
Thanks Received: 91

Looking forward to your review. I am also considering OneUp (tried TST before lastime, but did not like it much). Do keep us posted. I been practising with 1 lot trade size and gunning for stability before trying combine. Not posting much but I do keep reading this forum.


estx50 View Post
I'm not sure why you think this is ambiguous? It clearly says about unrealized profits in the rules definitions. I would imagine the reason they want to do that is to stop traders from having wild swings intraday and instead build consistency by building profits slowly. What type of trader would you prefer if you were backing them with your cash? It's not easy and you have to adjust your style accordingly, but that's a big factor in being consistent.

I've just finished my 50k evaluation and received an email about getting funded so will report with any good/bad experiences.


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  #227 (permalink)
 skfutures 
North vancouver
 
Experience: Beginner
Platform: Ninjatrader, Firetip
Trading: ES YM
Posts: 131 since Oct 2016
Thanks Given: 108
Thanks Received: 42


estx50 View Post
I'm not sure why you think this is ambiguous? It clearly says about unrealized profits in the rules definitions. I would imagine the reason they want to do that is to stop traders from having wild swings intraday and instead build consistency by building profits slowly. What type of trader would you prefer if you were backing them with your cash? It's not easy and you have to adjust your style accordingly, but that's a big factor in being consistent.

I've just finished my 50k evaluation and received an email about getting funded so will report with any good/bad experiences.

Imo they are ambiguous. They should just say unrealized instead of realized and unrealized pnl. In fact it has nothing to do with realized pnl. It is "real time unrealized" period.

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  #228 (permalink)
 SpeculatorSeth   is a Vendor
 
Posts: 780 since Apr 2016
Thanks Given: 22
Thanks Received: 1,018

So I tried a combine with them this month and also got hit by the drawdown rule. To really know where the drawdown limit is you need to look at the "Auto Liquidate Threshold Value" in R|Trader. I find this frustrating as they don't tell you where this is on their dashboard. Their system also doesn't tell you when you break a rule. It just starts rejecting orders.

It sucks, but I did break the combine rule. What frustrates me the most is that after breaking a rule the account is just dead. You can still receive data, but you can't submit orders. So I cannot use it with Jigsaw Daytradr to practice. For this reason I will not use them again.

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  #229 (permalink)
 
makusan's Avatar
 makusan 
Long Beach, CA
 
Experience: Advanced
Platform: Sierra Chart
Trading: Futures
Posts: 43 since Jun 2010
Thanks Given: 10
Thanks Received: 37


icog View Post
You don’t really think these companies business model is looking for great traders to fund them, don’t you?
Sent from my iPhone using futures.io

The business model for both of these entities is to get you "hooked" like the casino's slot machines...and you (retail) trader are paying their fat salaries. Neither one of these money pits will provide you with stats of their participants, combined or funded.

Also, consider why would a highly profitable trader give up even 20% of their profit to anyone else...they would not.

The other note to make here is that 90% of retail traders loose...I am a trading psych coach, and have been an educator at TST, and I have coached a number of traders through the combine, and into trader prep...and they get the funded account...and then fail. NOTHING to do with TST...and everything to do with their "snakes in the head". No one really wants to talk about this area of trading...and the failure rate continues.

Note: 10% of trading is methodology and strategy...90% is personal psychology. 90% loose because they spend 90% of their time on the 10% of trading, and 10% on the 90% of trading.

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  #230 (permalink)
 
rintin2x's Avatar
 rintin2x 
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
Posts: 542 since Jun 2016
Thanks Given: 634
Thanks Received: 542


Took months break and trying to figure out why the best thing I can do is breakeven. So I came into conclusion that I didn't hold my winners long enough. On Nov 6th I did my second try with 1Up and today finally reached the goal. Will submit the result for a review, will keep you guys updated on what's going on.

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