My attempt at a funded account with OneUpTrader
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My attempt at a funded account with OneUpTrader


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Created May 14th 2019 by RDK91
Updated October 15th 2019 by Meliora
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My attempt at a funded account with OneUpTrader

  #11 (permalink)
Indianapolis
 
 
Posts: 21 since Dec 2018
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Best of Luck. You can easily hit profit target in a day or 2. I met the consistency criteria and hit profit target in two days.
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  #12 (permalink)
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maximumlevels View Post
Best of Luck. You can easily hit profit target in a day or 2. I met the consistency criteria and hit profit target in two days.
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How its possible if 3 day is needed for calculation

Traders must have any 3 trading daysí net profits total summed up to equal 80% of the largest dayís net profit.

Please re-read the rules again.

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  #13 (permalink)
Legendary Elite_Member
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maximumlevels View Post
...You can easily hit profit target in a day or 2. I met the consistency criteria and hit profit target in two days.

Is this really true? How can you have met the consistency profit target in two days when they demand that any three trading days summed equal at least 80% of the largest day. That means you need at LEAST four days before they can even apply their consistency criteria.
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( https://help.oneuptrader.com/help/definitions-3 )

They also require a minimum of fifteen days of evaluation and making over $3000 in two days would mean that the next 13 days of trading will also need to be decently profitable to meet consistency, to stop people swinging for the fences in the first couple of days, resetting if it doesn't work, and scalping for a tick or two each day if it does.

Edit:
Just read your other thread: ".. I met all the criteria in two days. Feels pretty good. I haven't traded for 15 days, but will get funded if I just execute 1 trade per day for next 13 days. Called One Up and they told me I basically don't have to do anything but make a quick execution in and out. Good Luck to everyone." ( https://futures.io/trading-journals/46808-oneup-trader-funded-2-days.html#post715487 )
So it appears you will pass as from your post above you suggest OneUp will just change or ignore their own rules whenever it suits them.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger

Last edited by matthew28; May 16th, 2019 at 04:34 AM.
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  #14 (permalink)
Indianapolis
 
 
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matthew28 View Post
Is this really true? How can you have met the consistency profit target in two days when they demand that any three trading days summed equal at least 80% of the largest day. That means you need at LEAST four days before they can even apply their consistency criteria.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

( https://help.oneuptrader.com/help/definitions-3 )

They also require a minimum of fifteen days of evaluation and making over $3000 in two days would mean that the next 13 days of trading will also need to be decently profitable to meet consistency, to stop people swinging for the fences in the first couple of days, resetting if it doesn't work, and scalping for a tick or two each day if it does.

Edit:
Just read your other thread: ".. I met all the criteria in two days. Feels pretty good. I haven't traded for 15 days, but will get funded if I just execute 1 trade per day for next 13 days. Called One Up and they told me I basically don't have to do anything but make a quick execution in and out. Good Luck to everyone." ( https://futures.io/trading-journals/46808-oneup-trader-funded-2-days.html#post715487 )
So it appears you will pass as from your post above you suggest OneUp will just change or ignore their own rules whenever it suits them.

I will do the math for those who don't get it. If you hit 50% of the profit target in day 1 and day 2, you only need 1.00 for day 3. Then just execute and don't lose for next 13 days. I don't know why people complicate this shit.

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  #15 (permalink)
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maximumlevels View Post
I will do the math for those who don't get it. If you hit 50% of the profit target in day 1 and day 2, you only need 1.00 for day 3. Then just execute and don't lose for next 13 days. I don't know why people complicate this shit.

Actually, probably most readers can understand the math fine. There's really no reason to suggest their problem is stupidity. Typically, we try not to be too rude around here.

People are most likely reacting to the fact that you may hit the profit targets with a few good trades, and you may formally meet the consistency targets too, but just a couple of big trades do not equal actual consistency, and they wonder how you will do when you have to trade for real.

Now, I do get the math, and frankly I'm pulling for you on this. Assuming that you have good reason for believing that you will be able to trade well when you get funded (and there's no way for anyone else to know this), it makes perfect sense to just take the win when you have it and play out the remaining days of the period until you get the funding. I would do the same. I gather that it's often done, which is no surprise. You would be gaming the rules, but that is done too. No surprise there, either.

So I hope you do well and get funded, and if you are funded I hope you do well there as well.

The case for what you are doing makes sense and is easy to explain in its own terms. I just did it, and I didn't assume anyone was too dumb to understand arithmetic. They really aren't.

Relax. It's a friendly environment here. People will actually want you to succeed, and their intentions are generally helpful.

Bob.

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  #16 (permalink)
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bobwest View Post
Actually, probably most readers can understand the math fine. There's really no reason to suggest their problem is stupidity. Typically, we try not to be too rude around here.

People are most likely reacting to the fact that you may hit the profit targets with a few good trades, and you may formally meet the consistency targets too, but just a couple of big trades do not equal actual consistency, and they wonder how you will do when you have to trade for real.

Now, I do get the math, and frankly I'm pulling for you on this. Assuming that you have good reason for believing that you will be able to trade well when you get funded (and there's no way for anyone else to know this), it makes perfect sense to just take the win when you have it and play out the remaining days of the period until you get the funding. I would do the same. I gather that it's often done, which is no surprise. You would be gaming the rules, but that is done too. No surprise there, either.

So I hope you do well and get funded, and if you are funded I hope you do well there as well.

The case for what you are doing makes sense and is easy to explain in its own terms. I just did it, and I didn't assume anyone was too dumb to understand arithmetic. They really aren't.

Relax. It's a friendly environment here. People will actually want you to succeed, and their intentions are generally helpful.

Bob.


Bob, I think you have good intentions, but chillax buddy. It's not that deep

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  #17 (permalink)
Antwerp
 
 
Posts: 424 since Jun 2016
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maximumlevels View Post
Best of Luck. You can easily hit profit target in a day or 2. I met the consistency criteria and hit profit target in two days.
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Good for you but i am not interested in completing the challenge in 2 days.

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  #18 (permalink)
Indianapolis
 
 
Posts: 21 since Dec 2018
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RDK91 View Post
Good for you but i am not interested in completing the challenge in 2 days.

Cool. Good Luck bud

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  #19 (permalink)
Antwerp
 
 
Posts: 424 since Jun 2016
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Little time to post my updates last week so i will give them now.

Thursday:

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Friday:

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This was the worst week i have had since i lost the funded account at Earn2Trade.

Today:

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  #20 (permalink)
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Yesterday:

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Today:

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Probably done for today unless there is some nice action after the FOMC minutes.

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