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My Journey to a Funded Trader with Oneuptrader.com
I have been thinking of getting funded so I could open an account and trade it for my grandsons college fund. He wants to go to law school and is trying to do it on his own working part time ,college loans , etc. etc . . His parents are of very little help in his venture . My account is for our retirement income . Not sure how trading two accounts would go though . I have heard of others doing just this .
Can you help answer these questions from other members on NexusFi?
The draw down is trailing with open positions, so if you have 1 position with 500$ profit but for some reason you end up closing that trade break even, the maximum draw down balance still went up with 500$.
Here's a thought, what would happen if you didn't withdraw?
Let's imagine you did the 50k option, and you passed your evaluation, and you get funded, and you exceed the withdrawal threshold and you've done everything you need to do, let's say your account is 75k from 50k, BUT you decide to not withdraw. Is there a situation whereby you fail the meet criteria, get expelled from the account and can no longer withdraw from it?
No, unless you lose all profit and go back to the draw down limit.
At least that is what i would think, if you want to know for sure, just send them an email.