Hey guys i decided to try the funding side of the house. I wont be posting every day, but every few days. I chose the 25k account because of my risk parameters are exactly the same and i don't ever trade more than 1 contract, unless the trend continues.
I hit the 1500 dollar target on the third day, and will be just scalping to finish out the rest of the 10 trading days. I wont be funded most likely until 07/21/2020. Until then i will be trading my own account. Im hoping to double this 25k and withdraw it.
I Chose one up because Oneup/MES capital has become more transparent. No outrageous data fees like TST. If you pass their 90 day probation period you can negotiate the contract terms. Overall the customer service has been good. Ill let you guys know more as time goes by.
Can you help answer these questions from other members on futures io?
First of all, congrats for passing the evaluation!
Since you already hit your profit target on day 3, please take into consideration that they want to see a certain level of consistency during the entire evaluation, so I'd advise you to NOT scalp only a tick or two during the next 12 days, but try to trade your usual target for at least another few days.
Otherwise they might refuse to fund you due to the lack of consistency...
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Well, I wasn't referring to the '3 day rule', I was talking about this one:
Consistency
Traders must demonstrate the ability to trade in a consistent and regular trading pattern throughout the entire Evaluation.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
The following user says Thank You to Daytrader999 for this post:
Curious how this ended up, did you get funded? Did they ding you for for just coasting the remainder (if you did end up doing that) and/or was there any mention of it, or was it all good, fully funded and rock and roll?
Curious like others if you passed and how its going.
As well you mention "no outrageous data fees like TST". Curious what you meant by this. As far as I know TST only charges $105 (could be off slightly) for fees each month when funded which is just a pass through of the CME fees, pretty sure all the programs do this. Looks like OneUp doesnt, but I guess I don't consider $105 outrageous when you are talking making $25K etc. More interested if there's other fees you are referring to.
Well, I can confirm that OneUp (or better MES Capital) doesn't change any fees for data feeds or other things.
They only charge $35 withdrawal fee for each wire transfer inside the US, and $50 for wire transfers outside the US.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
I believe data feed charges (105 per exchanges) by TST and E2T are paid to the exchanges. Have you tried looking at the dom and take a trade further away, to see if your order is live?
Not yet, because I don't use the Dom to place my trades.
BTW, Leeloo / Natural Trading charges $42.50 data fees for the first month and $85 from the 2nd month on.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
The following user says Thank You to Daytrader999 for this post:
Sorry update, my work schedule did this two week off and two week off covid schedule.. which messed up everything for me, so i decided to wait until i got back on clear schedule which i am now.. hit profit target today again.. i should be getting my login creds in towards end of the month. I restarted a new thread in the elite section.. its the small account which the profit target is 1500. Tbh every goes for big accounts.. but you can make 200-500 on 1 lot, and once you get about 10-20k in profit, trading with 2 lots will be life changing.
The following 3 users say Thank You to okinawayutaka for this post:
Thanks, it's understandable, seems like 99% funded journals fail.
I debated on doing it because I will lose 20% to oneup and 20% to uncle Sam... After all said and done if I rack 20k in 4-6 months I'll be happy with that... I'll close the account
Day 2 of the live account.. 1 trade 205 dollar scalp.. Yesterday was plain and stupid on my part.. I need to trade this account like its my own personal account, but it doesnt matter, just showed pure lack of discipline and no respect for the market and myself. Im slowly going to take my time until im 1000+ on this account.. I have to be + every 15 days, and not hit a -1500 balance.. So I know im not going to blow this account..
I took a short, after the opening range finished.. It was following in a doward channel so i took a quick scalp on the NQ, i saw a really well setup, i was eyeing it real hard, but was 1 sec to late on the entry and she moved real quick.. so a what should of been a 400 dollar day is 200. Doesnt matter, its about longevity and not the moment.
The following user says Thank You to okinawayutaka for this post:
I was trying to catch the reversal, but should of, should of waited for the dump. took heat on some trades, but caught the runner short, 135 profit.. Couple more days and get this account back on track
The following user says Thank You to okinawayutaka for this post:
Today really sucked.. the market was grinding up and up... there was a opportunity for me to go long, but i couldnt take it because their was a market report exactly the same time; mes capital prohibits... NQ hit a reversal GZ during my lunch break... i normally start trading around 2:00 pm.. i enter this short, because the volume came in.. i moved my stop after the pull back.. then it reversed two ticks and stopped me out then continued through.. could of been 350, but 100... monday sucks
The following user says Thank You to okinawayutaka for this post:
Not a bad day, it was nice and trending, what i normally expect it for a wednesday... so the market squeezed up and died off and dumped.. measured a fib and reaction at the resistance 50, grabbed a quick 200.. then second trade it broke support and was hoping it to crush down but, i know it was lacking in volume so i closed at 125.. not the best trade, other indices were going up and nq was lagging behind so i knew in short term what was going to happen.
I feel disappointed in myself, i was stupid and treated the account like a idiot day one, and i spend this week catching up when i could of been up 1k. account is green, and goal is 1k a week, so im kind of chill mode.. will hopefully to get 200-500 tommorrow if the market is trending well and then call it the week..
The following user says Thank You to okinawayutaka for this post:
i got thrown on day shift next two weeks, so this thread will be dormant.. i emailed MES capital and they said they were cool with it.. so hopefully i dont come back and have account terminated for inactivity.. i going to email them mid next week to make sure..
