Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Is this really true? How can you have met the consistency profit target in two days when they demand that any three trading days summed equal at least 80% of the largest day. That means you need at LEAST four days before they can even apply their consistency criteria.
( https://help.oneuptrader.com/help/definitions-3 )
They also require a minimum of fifteen days of evaluation and making over $3000 in two days would mean that the next 13 days of trading will also need to be decently profitable to meet consistency, to stop people swinging for the fences in the first couple of days, resetting if it doesn't work, and scalping for a tick or two each day if it does.
Edit:
Just read your other thread: ".. I met all the criteria in two days. Feels pretty good. I haven't traded for 15 days, but will get funded if I just execute 1 trade per day for next 13 days. Called One Up and they told me I basically don't have to do anything but make a quick execution in and out. Good Luck to everyone." (
Well, not exactly lol... But I met all the criteria in two days. Feels pretty good. I haven't traded for 15 days, but will get funded if I just execute 1 trade per day for next 13 days. Called One Up and they told me I basically don't have to …
)
So it appears you will pass as from your post above you suggest OneUp will just change or ignore their own rules whenever it suits them.
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
I will do the math for those who don't get it. If you hit 50% of the profit target in day 1 and day 2, you only need 1.00 for day 3. Then just execute and don't lose for next 13 days. I don't know why people complicate this shit.
Actually, probably most readers can understand the math fine. There's really no reason to suggest their problem is stupidity. Typically, we try not to be too rude around here.
People are most likely reacting to the fact that you may hit the profit targets with a few good trades, and you may formally meet the consistency targets too, but just a couple of big trades do not equal actual consistency, and they wonder how you will do when you have to trade for real.
Now, I do get the math, and frankly I'm pulling for you on this. Assuming that you have good reason for believing that you will be able to trade well when you get funded (and there's no way for anyone else to know this), it makes perfect sense to just take the win when you have it and play out the remaining days of the period until you get the funding. I would do the same. I gather that it's often done, which is no surprise. You would be gaming the rules, but that is done too. No surprise there, either.
So I hope you do well and get funded, and if you are funded I hope you do well there as well.
The case for what you are doing makes sense and is easy to explain in its own terms. I just did it, and I didn't assume anyone was too dumb to understand arithmetic. They really aren't.
Relax. It's a friendly environment here. People will actually want you to succeed, and their intentions are generally helpful.