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After reading your posts, I thought I'd try one of these companies. I selected OneUp as they seemed more transparent. TopStep doesn't want scalpers - and that's what I do exclusively. LeeLoo has curious rules about withdrawing your money which is suspicious. I have 5 days left with OneUp to get funded. Current stats below. Of all these companies, OneUp seems more straight forward, to me anyway.
Are you going to give it another shot? Looks like you did very well. You know the old saying: "Crap happens when you're not looking". Been there done that a number times too! Best of luck to you
Great job! Just have to take it nice and easy now.
I do not know these companies in detail, but it's been my impression that OneUp / MES offers the best deal both in terms of cost and actual rules.
Thank you.
I haven't quite decided as I'm still thinking they probably don't have that much interest in seeing me or other traders succeed? Liquidating a winning account with a rising equity curve without a warning proves that. Even prior to this incident I was paranoid that they suddenly might decide to just liquidate my account for some reason or by me doing some minor slip up.
I'm relocating and have holiday coming up so doing a simulated program was a nice opportunity in case it turned out to something good. When I'm settled again this fall I might just focus on my smaller private account.
It would be great to actually trade for a firm and be backed, but I'm somewhat in conflict about the entire situation.
Good to take a break. BTW, I read somewhere that after September the break at 3:15 pm in the futures will go away - so straight 24 hour market, no breaks. I wonder if that will affect the rules or margins?
Had a visitor this morning as we're chatting. Young guy, already tagged. What a life!
the 3:15-3:30 Exchange time break for stock indices already went away, so it is in line with most other futures markets. The break from 4 PM to 5 PM is still there, and as far as I know, is not going away.
Yes, I certainly will keep you posted. Done for the day - 3 scalps.
I live in the mountains near Lake Tahoe in Nevada. It is a beautiful place. However, we have a lot of fire danger. Fortunately, our fire department is excellent - they're stationed around the area 24/7.
I like the quiet.
I had an ongoing correspondance with MES Capital customer support yesterday and wanted to see how it ended before giving any details. I was hoping my account would be re-opened, but it ended with me getting paid 20 % of the $3.8K I had generated prior to the rulebreak.
I do think OneUp / MES is probably the best get-funded company, but I’m not convinced that they actually want traders to succeed? And my recent experience kind of proves that. I was $7K in profit – yet they chose to liquidate my account without giving me a warning. In customer support they later on accused me of having broken the rules FIVE times prior to that and holding overnight on the 29th (I was not funded then), too. It turns out they were mixing my account up with someone elses. Not very assuring. I wonder why that guy wasn’t liquidated when he held overnight then?
It seems to me that as a funded trader you’re initially trading on a simulator. So, if you progress so far as to getting paid, your profits are paid directly from the company. As such, they might not really want you to get that far. Their main income is probably collecting subscription fees. I may very well be wrong, but this does seem suspicious to me if I can be perfectly honest.
Now, let's just all root for phantomtrader to continue his great trading and stay funded!