My Evaluation and Experiences. - futures io
futures io futures trading



My Evaluation and Experiences.


Discussion in Traders Hideout

Updated by TheDaxTrader
      Top Posters
    1. looks_one mrphr with 6 posts (14 thanks)
    2. looks_two rintin2x with 2 posts (2 thanks)
    3. looks_3 xplorer with 2 posts (2 thanks)
    4. looks_4 jefforey with 2 posts (0 thanks)
    1. trending_up 5,787 views
    2. thumb_up 18 thanks given
    3. group 10 followers
    1. forum 13 replies
    2. attach_file 3 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

My Evaluation and Experiences.

(login for full post details)
  #1 (permalink)
London
 
Experience: None
Platform: .
Trading: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 180 received

At the end last year I decided that I want to day trade futures and improve my skills as a trader by being more active as I am primary a swing trader of stocks and ETFs, and I was looking to join a firm like TST.

I was looking here for some info on prop trading firms and some more info on TST and I found out about OneUp Trader and after reading everything I found I had a mixed feeling and impression about them.

But after thinking and comparing both side by side I decide to go with OneUp because it is slightly cheaper, I do not have to do FTP, I do not have to pay exchange fee and for me that trade a lot os instruments I have to pay [CME $85 + CBOT $85 + NYMEX $85 + COMEX $85] would is going to cost me $340/month with TST and with OneUp I pay nothing. Plus I did not wanted to be disturbed by participation in chat/trading room and receiving phone calls when I have a bad day, as I know TST have this practices.

After doing a trial with OneUp and testing the waters after my trial expired they sent me a 25% discount and I signed up straight away for a 50K account and 80%/20% split for $112.50/month, and the results follows bellow.

[This is a bit off topic but on the top of all that I wanted to take a break form live poker as well, even though I am a winning player and I win over the long run but it was not very “health” anymore for me and after considering the opportunity cost because I have other commitments in live such as trading, studying and other work activities I decided to take a long break from poker. However poker has helped me tremendous in respect on the psychological side of things such as in trading and life in general, live poker is a very psychological game in comparison with online poker which is more mathematical.]

This was my 15 days account goals and progress so far, I reached my target on day 12 and after that off course I did not want to take more risk I was only trading for 1 or 2 ticks for the remaining 3 days.


This was all the instruments I trader and my total number of trades which for my style IMO is quite a lot of trades as I am not trying to scalp, however I did have a lot of scratch, break even, tight stops and reversing trades etc.


My end of the day total Profit and Loss and cumulative Profit and Loss together with Trailing Drawdown in Real Time, which is more difficult then EOD Trailing Drawdown. So there is not too much margin for error here as you are most likely to be bellow of your Maximum Trailing Drawdown everyday. This was done on pencil and paper where I wrote personal note as a journal on my Econoday/Economic Journal 2018, and includes commissions.

Note that I had positive equity every single day on my account since day one and yet my max Trailing Drawdown have been negative almost every single day, this had influence on the way I trade and I was feeling that I was trading not to loose and not to blow up and not trading to win by letting my winners running, even though I was winning.


To finalize my experience with OneUp Trader has been fine, they do replay emails within 15 minutes they do pick up the phone in case you need to talk to them. I just did not like last time I emailed them and instead of calling me by my name they called me by my email not very professional IMO, and of course that Trailing Drawdown In Real Time is completely bullshit.

I am waiting them to contact me to sign the contract and I hope all goes well.

So feel free to ask me questions but be sensible because while I am more than happy to help I am not willing to share everything in minimal details. And I do not work for any of this companies and I have nothing to sell also.

Reply With Quote
The following 7 users say Thank You to mrphr for this post:

Can you help answer these questions
from other members on futures io?
I have segregated my investment and trading
Psychology and Money Management
3x Fangdango
Traders Hideout
Trade Summary Error
MultiCharts
Degiro Negative Balance Advice
Traders Hideout
Macros for flatten and reverse
TradeStation
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
37 thanks
Coronavirus COVID-19
19 thanks
Battlestations: Show us your trading desks!
13 thanks
VWAP oscillator for NT8
10 thanks
The CL Crude-analysis Thread
9 thanks
 
(login for full post details)
  #3 (permalink)
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
 
rintin2x's Avatar
 
Posts: 541 since Jun 2016
Thanks: 634 given, 533 received


Congrats, glad to see someone else that passing their combine, following this journal for sure. BTW, you put too much 1 on the combine fee

Just a quick note: Check the contract specs on what news release you’re not suppose to trade because I see you trade many instruments.

Reply With Quote
The following user says Thank You to rintin2x for this post:
 
(login for full post details)
  #4 (permalink)
London
 
Experience: None
Platform: .
Trading: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 180 received


xplorer View Post
Hi,

I think both posts should be moved to the longstanding Oneup Trader thread


I do not want to do that this is my personal post/thread where I am willing to follow and I am sharing personal stuff, and help others with trading related question if they want for my own personal improvement, and yet it is not a journal. So I do not want to follow that thread. If Big Mike or sam028 wants to move it there, then I am going to ask them to just delete it because I will not be following the other thread.

Reply With Quote
The following user says Thank You to mrphr for this post:
 
(login for full post details)
  #5 (permalink)
London
 
Experience: None
Platform: .
Trading: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 180 received


rintin2x View Post
Congrats, glad to see someone else that passing their combine, following this journal for sure. BTW, you put too much 1 on the combine fee

Just a quick note: Check the contract specs on what news release you’re not suppose to trade because I see you trade many instruments.

Oh yes I mean $112.50 and not $1112.50 ahahaaa...

Yep sure I am aware of that, that is why I got that Econoday/Economic Journal 2018 where I can see major news releases highlighted every day and I can take personal notes there as well, it is really good and I like pencil and paper.

Reply With Quote
 
(login for full post details)
  #6 (permalink)
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,147 since Sep 2015
Thanks: 12,783 given, 11,759 received


mrphr View Post
I do not want to do that this is my personal post/thread where I am willing to follow and I am sharing personal stuff, and help others with trading related question if they want for my own personal improvement, and yet it is not a journal. So I do not want to follow that thread. If BigMike or sam028 wants to move it there, then I am going to ask them to just delete it because I will not be following the other thread.

Ok, I get what you are saying.

The way I interpreted the first post was your experience with a vendor, i.e. your own review of Oneup Trader, and for that there is an existing thread for the same vendor.

But if that is just your opening post and you plan on continuing with personal stuff and your own trading/trading development then I completely understand, thanks for clarifying.

Reply With Quote
The following 2 users say Thank You to xplorer for this post:
 
(login for full post details)
  #7 (permalink)
edison new jersey
 
Experience: None
Platform: motivewave
Trading: ES
 
Posts: 69 since Nov 2016
Thanks: 45 given, 18 received

mrphr, could you please also post the number of trades you placed each day?

Reply With Quote
 
(login for full post details)
  #8 (permalink)
London
 
Experience: None
Platform: .
Trading: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 180 received


jefforey View Post
mrphr, could you please also post the number of trades you placed each day?

Hi it does not show on my account analytics and I did not record it on my spreadsheet, I would need to go to Rithmic Trader and check day by day, I could do that but to be honest I am not very familiar with Rithmic Trader yet so I wont do that.

But if you calculate the mean or average [165/15 = 11], so about 11 trades each day on average.
"Which for my style IMO is quite a lot of trades as I am not trying to scalp..."

Reply With Quote
The following user says Thank You to mrphr for this post:
 
(login for full post details)
  #9 (permalink)
edison new jersey
 
Experience: None
Platform: motivewave
Trading: ES
 
Posts: 69 since Nov 2016
Thanks: 45 given, 18 received

Can I ask you what is your basic analysis technique? Is it order flow?

Reply With Quote
 
(login for full post details)
  #10 (permalink)
London
 
Experience: None
Platform: .
Trading: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 180 received


I use exclusively price action, price is the primarily leading indicator with a combination of other tools such as volume [but not fancy volume profile studies], volatility and intermarket analysis that is basically it, and a couple of other things related to macro and fundamentals.

No, no order flow however I do pay attention to time and sales sometimes…

Reply With Quote
The following user says Thank You to mrphr for this post:


futures io Trading Community Traders Hideout > My Evaluation and Experiences.


January 6, 2019


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts