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Passed OneUp Trader Evaluation and got a Funded Account


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Passed OneUp Trader Evaluation and got a Funded Account

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  #41 (permalink)
bulldogtrader88
 
 
Posts: 88 since Jun 2022
Thanks: 2 given, 20 received

Got $630 today
8-11-22 NQU2 $630

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  #42 (permalink)
bulldogtrader88
 
 
Posts: 88 since Jun 2022
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Got $575 today
8-12-22 NQU2 $575

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  #43 (permalink)
bulldogtrader88
 
 
Posts: 88 since Jun 2022
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Ended this week with $2,990 with no losing day

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  #44 (permalink)
 kashmiami 
Planet Earth
 
Experience: Beginner
Platform: NT,TS
Trading: NQ
 
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Posts: 20 since Aug 2011
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bulldogtrader88 View Post
So I lost the OneUp Funded Account, but I'm trying a different strategy where I trade the NQ open. I'm going to test this strategy for the month of August, and once I'm happy with the results I'll retry the OneUp Evaluation for another Funded Account.

I am thinking of getting back to trading & may be do a combine.
Is there a reason you lost the funded account? Do the rules of combine apply for funded as well?
Also, how would you characterize your experience with them.
Trying to decide between Topstep , one up etc.
Thanks in advance!

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  #45 (permalink)
bulldogtrader88
 
 
Posts: 88 since Jun 2022
Thanks: 2 given, 20 received

Got $570 today
8-15-22 NQU2 $570

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  #46 (permalink)
bulldogtrader88
 
 
Posts: 88 since Jun 2022
Thanks: 2 given, 20 received


kashmiami View Post
I am thinking of getting back to trading & may be do a combine.
Is there a reason you lost the funded account? Do the rules of combine apply for funded as well?
Also, how would you characterize your experience with them.
Trying to decide between Topstep , one up etc.
Thanks in advance!

I lost the Funded Account because the strategy I was using before to get me funded wasn't working as well because the markets were ranging so I had to try a different strategy in the middle of my Funded Account. It was a learning curve to adapt the new strategy to the rules of the evaluation which is similar to the Funded Account.

I'm trading with OneUp Trading because of the scaling plan. I use a strategy where if I'm wrong I reverse the position with more contracts. OneUp's scaling plan allows me to have up to 5 contracts in the first tier so my first trade is 1 contract and my reversal trade is 4 contracts. The 4th contract closes my first trade and then I'm reversed with 3 contracts in the opposite direction of my original trade.

I decided against Apex and some others because they limit how much you can withdraw after you get funded. If you're willing to wait 3 months before you can withdraw significant amounts of money you can go with the cheaper ones. However, they don't provide good quality customer service. You get what you pay for.

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  #47 (permalink)
bulldogtrader88
 
 
Posts: 88 since Jun 2022
Thanks: 2 given, 20 received

Lost -$2635 today.
8-16-22 NQU2 -$2635

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  #48 (permalink)
nikto
Düsseldorf , Germany
 
 
Posts: 67 since May 2016
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bulldogtrader88 View Post
Lost -$2635 today.
8-16-22 NQU2 -$2635

You need a daily loss limit and you should make at least twice your daily loss limit on a good day.

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  #49 (permalink)
bulldogtrader88
 
 
Posts: 88 since Jun 2022
Thanks: 2 given, 20 received

Lost -$910 today.
8-17-22 NQU2 -$910

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  #50 (permalink)
bulldogtrader88
 
 
Posts: 88 since Jun 2022
Thanks: 2 given, 20 received



nikto View Post
You need a daily loss limit and you should make at least twice your daily loss limit on a good day.


I'm a scalper so my risk to reward is inverted. Also, I use reversals with more contracts so my losses are inevitably going to be bigger than my wins.

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