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Any long term success stories from funded traders in these get-funded programs?


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Any long term success stories from funded traders in these get-funded programs?

  #121 (permalink)
 
phantomtrader's Avatar
 phantomtrader 
Reno, Nevada
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Howard Roark View Post
That's the thing. One such mistake and you could be toast.

But with the evaluation it shouldn't be a problem.

If you were up 8K on the funded account - maybe it would?

Glad to see you recovered.

Well I'm so close to finishing successfully, that I'm not going to argue with it. My goal was to have 100% profitable days during the evaluation. If my stats hold and I'm profitable tomorrow, that would be 1 losing day out of 15.

If it was the funded account, I would definitely address it with them. The problem yesterday was that I didn't even see it until I was analyzing my trades after the market closed. It was a nasty one too. If it went in my favor I wouldn't care (who would)!! But it didn't. Scalping is very fast (no excuse), and I did notice that the red numbers skyrocketed all of a sudden. If I have a bad trade I generally stop, reassess quickly and then move on. Order flow numbers yesterday were the pits too. When I examined them on replay, I could easy see how they could have been misinterpreted. But that happens.

Anyway, we'll see how it goes tomorrow.

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  #122 (permalink)
Zambi
Scottsdale
 
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Howard Roark View Post
What? They did that with you?

Yep, in the early days of their rebranding/relaunching as OneUp, 4-5 years ago mabye?
It was as brutal as it was hilarious: they lock you out of the account and even block access to the community forum, so you can't complain/explain or reach out for support.
Only later in an email exchange did that excuse of mixing up accounts come up.
Like you said, not very reassuring when money's on the line.

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  #123 (permalink)
Howard Roark
Oslo Norway
 
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Zambi View Post
Yep, in the early days of their rebranding/relaunching as OneUp, 4-5 years ago mabye?
It was as brutal as it was hilarious: they lock you out of the account and even block access to the community forum, so you can't complain/explain or reach out for support.
Only later in an email exchange did that excuse of mixing up accounts come up.
Like you said, not very reassuring when money's on the line.

That's not good at all.

Quite frankly I was surprised to hear them admit it, but I suppose they didn't have a choice considering they blamed me for holding overnight on a date where I was not yet funded and for five prior rule breaks when I had broken none earlier.

Makes me wonder why that guy wasn't eliminated sooner while I was eliminated on the first rule break. Or maybe they even liquidated the wrong account. Who knows...

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  #124 (permalink)
Zambi
Scottsdale
 
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Howard Roark View Post
That's not good at all.

Quite frankly I was surprised to hear them admit it, but I suppose they didn't have a choice considering they blamed me for holding overnight on a date where I was not yet funded and for five prior rule breaks when I had broken none earlier.

Makes me wonder why that guy wasn't eliminated sooner while I was eliminated on the first rule break. Or maybe they even liquidated the wrong account. Who knows...

Oh, so you really think there WAS another guy involved?

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  #125 (permalink)
Howard Roark
Oslo Norway
 
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Zambi View Post
Oh, so you really think there WAS another guy involved?

Actually, that's what they thought. I take it you suggest otherwise? If so - for what reason?

To reiterate - they did have a valid reason for eliminating my account. I was just concerned when they started accusing me of rule breaks I clearly had NOT done and upon asking they admitted to mixing my account with someone elses account.

Like you say there's not much you can do about it anyway...

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  #126 (permalink)
 
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 phantomtrader 
Reno, Nevada
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Experience: Advanced
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Well I made it today with 3 trades. I guess I'll get funded next week. In the meantime, a close family member is in the hospital with COVID in Dallas - so flying there today to support the family.
Will not be trading for a while.

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  #127 (permalink)
 
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 matthew28 
United Kingdom
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phantomtrader View Post
In the meantime, a close family member is in the hospital with COVID in Dallas - so flying there today to support the family.

Best wishes for you and your family for their safe recovery.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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  #128 (permalink)
 
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 bobwest 
Western Florida
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@phantomtrader, I hope all goes well.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #129 (permalink)
Howard Roark
Oslo Norway
 
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As I'm still in a bit of a limbo in my private life until about September I have considered doing another Combine for some serious practice while not risking my own capital. I see E2T now have a discount.

But I have pretty much concluded that most or all of these companies don't have any real interest in funding a trader, so I might as well just save my money.

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  #130 (permalink)
Zambi
Scottsdale
 
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Hoping all's well for phantomtrader


Howard Roark View Post
As I'm still in a bit of a limbo in my private life until about September I have considered doing another Combine for some serious practice while not risking my own capital. I see E2T now have a discount.

But I have pretty much concluded that most or all of these companies don't have any real interest in funding a trader, so I might as well just save my money.

If it's just for practise, and since you're not in the US, you can probably sign up with a Forex outfit and trade CFDs with real money for the price of a low-end combine. Unfortunately it's not a great option though if your trading relies heavily on volume or tick data.

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