Review of One up trader

[p0box4]

I did not say tricky. But this rule is the most difficult to overcome. Why? Because market changes. In my case I sometimes had 5-6 days without a trade. Now, if I lose first trade, the count is on . It is 15 calendar days including weekends and so forth. I think 15 trading days rule would have been better but otherwise I do not see this rule necessary at all. If you read oneup trade blog you would notice that funded traders found this rule the most difficult. It is every 15 days until 90 days that trader must stay positive.

Aha, that wasn't very clear.

I thought you where talking about the minimum 15 trading days during the evaluation account.

 

[caacapital]

I did not say tricky. But this rule is the most difficult to overcome. Why? Because market changes. In my case I sometimes had 5-6 days without a trade. Now, if I lose first trade, the count is on . It is 15 calendar days including weekends and so forth. I think 15 trading days rule would have been better but otherwise I do not see this rule necessary at all. If you read oneup trade blog you would notice that funded traders found this rule the most difficult. It is every 15 days until 90 days that trader must stay positive. This rule is for live trading only.

These rules are bad the only advantage Oneup has is its price. Nobody can guarantee to be positive every 15 days this forces trades but if it worked for you. when you go back dont trade as if its easy that was the mistake that I made when trying to get funded again with TST this is probably easier said than done but good luck.

also the consistency rule is restrictive for non scalpers this is TraderDocks rule but Oneup has a similar rule of averaging the top 3 trades(which is better than traderdocks rule that basically just says screw your big win it was just luck as if it couldnt have went the opposite direction just as easy). The only thing that is appealing with TraderDock is the fact that they use TT.

 

[shiko2000]

These rules are bad the only advantage Oneup has is its price. Nobody can guarantee to be positive every 15 days this forces trades but if it worked for you. when you go back dont trade as if its easy that was the mistake that I made when trying to get funded again with TST this is probably easier said than done but good luck.

also the consistency rule is restrictive for non scalpers this is TraderDocks rule but Oneup has a similar rule of averaging the top 3 trades(which is better than traderdocks rule that basically just says screw your big win it was just luck as if it couldnt have went the opposite direction just as easy). The only thing that is appealing with TraderDock is the fact that they use TT.
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Positive means above $0. Not that trader must be above the high watermark of the previous 15 days. The fact of the matter was that I was capturing very large moves as volatility was good but I also had trading plan that precluded winner going loser or break even. I had only winners and losers. Loser as when going straight into negative and I cut my losses very quickly. Basically ti.e in winners was a lot longer than losers. Trading this plan makes sense only when ATR is above 160 and it is around 120 now. No good. So, I went to basics and make few adjustments like more modest targets. Getting ready to start evaluation next Friday. The most important getting along with my daughter, lol. So far, 3 days around $1000 on one contract. Basically having modest targets until volatility returns. The most important I left with profit albeit 50% from the high but only because I was relentesly distracted for all period of my trading with oneup. It should not have been like that. Still considering my first 2 fundings with tst in 2014 the progress is huge. I did not trade for 3 years before started evaluations with oneup. Basically we need concentrate on improving results and adjusting..

 

[caacapital]

Positive means above $0. Not that trader must be above the high watermark of the previous 15 days. The fact of the matter was that I was capturing very large moves as volatility was good but I also had trading plan that precluded winner going loser or break even. I had only winners and losers. Loser as when going straight into negative and I cut my losses very quickly. Basically ti.e in winners was a lot longer than losers. Trading this plan makes sense only when ATR is above 160 and it is around 120 now. No good. So, I went to basics and make few adjustments like more modest targets. Getting ready to start evaluation next Friday. The most important getting along with my daughter, lol. So far, 3 days around $1000 on one contract. Basically having modest targets until volatility returns. The most important I left with profit albeit 50% from the high but only because I was relentesly distracted for all period of my trading with oneup. It should not have been like that. Still considering my first 2 fundings with tst in 2014 the progress is huge. I did not trade for 3 years before started evaluations with oneup. Basically we need concentrate on improving results and adjusting..

Distractions are not good when trading I hate trying to trade when my wife is home because i know as soon as i open a trade thats when she will start talking lol

 

[traderdock]

These rules are bad the only advantage Oneup has is its price. Nobody can guarantee to be positive every 15 days this forces trades but if it worked for you. when you go back dont trade as if its easy that was the mistake that I made when trying to get funded again with TST this is probably easier said than done but good luck.

also the consistency rule is restrictive for non scalpers this is TraderDocks rule but Oneup has a similar rule of averaging the top 3 trades(which is better than traderdocks rule that basically just says screw your big win it was just luck as if it couldnt have went the opposite direction just as easy). The only thing that is appealing with TraderDock is the fact that they use TT.
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The fact that it could go either way just as easy is exactly why we aim to discount it. As with every company in this space, we are looking for tight risk management rather than home run trades. Achieving $2,500 over 10 days is $250 per day average. You don't need $1,000 days to achieve the target and you shouldn't need to utilise $1,000 downside to achieve a $250 per day average.

Note that $250 per day is also achievable with one and 2 lot trades. You don't need large size to pass the Challenge.

We believe the fact that you can achieve a live trading account with 80% profit share and a scaling plan bringing you to 35+ lots of trading power quite quickly, for just $200 per month subscription (including the power and reliability of the TT platform) compete with any other offering in this market quite well. If our consistency rule noted above is to be our downfall, then so be it. We have avoided rules such as weekly loss limits, trailing drawdown limits, scaling plans during the Challenge and have avoided the virtual balance model. Right now in fact, due to having just joined Elitetrader, we are offering a $50 per month discount to first timers- so the subscription is $150 per month by using the PROMO code TRADERDOCK50. Hopefully we can attract a few more of you guys on to our Challenge to help us improve our offering.

 

[shiko2000]

Distractions are not good when trading I hate trying to trade when my wife is home because i know as soon as i open a trade thats when she will start talking lol

So, she is just talking. Not an issue for me anymore. I am running with pampers around when trade is on. I noticed my daughter is quite consistent in this regard. Anyway, I have to adjust. So far so good.

 

[shiko2000]

These rules are bad the only advantage Oneup has is its price. Nobody can guarantee to be positive every 15 days this forces trades but if it worked for you. when you go back dont trade as if its easy that was the mistake that I made when trying to get funded again with TST this is probably easier said than done but good luck.

also the consistency rule is restrictive for non scalpers this is TraderDocks rule but Oneup has a similar rule of averaging the top 3 trades(which is better than traderdocks rule that basically just says screw your big win it was just luck as if it couldnt have went the opposite direction just as easy). The only thing that is appealing with TraderDock is the fact that they use TT.
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I did not have any issue with this consistency rule despite not scalping. Probably because I had a number of those big winning days not just one.

 

[caacapital]

So, she is just talking. Not an issue for

Watch kids is tough you are guaranteed almost to be stalking an entry and as soon as you see it either crying(hunger, wanting to play, poop) or trying to do something that can hurt themselves or damage something.

 

[caacapital]

We believe the fact that you can achieve a live trading account with 80% profit share and a scaling plan bringing you to 35+ lots of trading power quite quickly, for just $200 per month subscription (including the power and reliability of the TT platform) compete with any other offering in this market quite well. If our consistency rule noted above is to be our downfall, then so be it. We have avoided rules such as weekly loss limits, trailing drawdown limits, scaling plans during the Challenge and have avoided the virtual balance model.

Im sure the rules wont be to much of an issue the funding model is attractive. i didnt see the typical rules on your site i wasn't sure if they were hidden or not thanks for clarifying. Thats something to note no trailing drawdown, weekly loss limit good better than TST or Oneup in that regard. So for the live account there is not rule of being positive every x days or must trade a percentage of the volume you traded during your challenge?

 

[traderdock]

Im sure the rules wont be to much of an issue the funding model is attractive. i didnt see the typical rules on your site i wasn't sure if they were hidden or not thanks for clarifying. Thats something to note no trailing drawdown, weekly loss limit good better than TST or Oneup in that regard. So for the live account there is not rule of being positive every x days or must trade a percentage of the volume you traded during your challenge?

Absolutely no hidden rules. If it's not on the website, it isn't a rule.

The only 'difference' between the Challenge rules and the Live rules is that in live trading we ask that you not waste time by not trading... We require you to have trading activity 10 days of each month. That is stated in our FAQ.

Our approach is to try incentivize traders to be positive more days than not by having a scaling plan that gives bonus trading size if 50% of trading days are positive over time.