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Careful with OneUp & TST. The trailing DD over there is based on your high watermark (based on intraday peak)!
I did not know what that meant, until I hit 2200 profit and lost 1250++ over the next 3 days - got DQ though I was still technically in profit! (2200 - 1250 is still profit).
Another trial attempt I took, I went to around 2k, then lost around 900 I think... then failed to TP when +40 cos I was aiming for a big swing, and price retraced and I was DQ though my entry was still in profit.
Had enough of that high watermark nonsense. I see earn2trade does not have this restriction, which is why I am giving it a go (a good friend recommended it to me too)
Thanks. I am doing earn2trade simultaneously. I'm gonna give it another go around with oneup and see what happens. I like earn2trade's fixed drawdown. Definitely better. I just don't like not knowing what you will get with your funded account. With oneup, I like how it's a definitive amount. and the profit split is fixed at 80/20.
Oh, for earn2trade it is pretty simple.
If you got 1:4 R:R you will even get a refund of your Gauntlet fees and I believe the 80/20 will also be assured And yes it is much easier there - all you have to do is ensure you don't drop below 22,500 balance.
For OneUp I had high hopes for them but last year (or was it the year before? can't recall) when I was doing it, there was serious rithmic server error so everyone doing combine lost. They could not manually remove the losses, so they resetted all our accounts to 0 profit/loss. It was all good, until you realise I had only 3 days or so to combine end... and how the heck do you earn 2.5k profit again in 3 days? So I renewed, then ran into the high watermark problem (and realised I misinterpreted the FAQ meaning of drawdown).
Anw, nothing against them - they have good customer service and are def better than TST imo. Good luck with oneup too then
Btw, before I forget I think better beware of multiple contracts. Reflecting upon my OneUp tries, I think I would probably have survived if I had remained on single contract (I got greedy and did 2-3 after the wins. Complacency is bad).
So now, I am doing earn2trade with just 1 contract and considering to only do two (scaling in/out) once I make at least 2.5k profit.
Thank you for sharing your journey so far. I had a question about your quote above. What exactly do you mean by "they force you to scale up"? I assumed you meant scaling up to a higher number of contracts per trade but this would increase your risk and increase your probability of blowing up your account, wouldn't it? Thank you.
You can't trade with all of the contracts once you are funded. You have to scale into more contracts (up to 6 on 50K acct) as you build the account. My assumption is that it protects you from blowing out. Think about if you have access to all 6. Your risk for blowing out account goes up exponentially. That's probably why so many people do blow out during the evaluation.
Yeah, I will have to see. The issue is when you make a decent amount starting off, got to be careful because your drawdown slowly moves to the starting account balance. I made 1800 initially and forgot about this. i should have traded smaller once I got to about 50% account balance.
I forgot to remove a stop order and it turned out to be triggered right before the close, i didn't notice untill the next day and since overnights where not allowed i lost the account.
I sent you a private message this weekend. If you can, please respond. Why didn't you just open a new one after you blew out? Only 150 bucks for 50K. I figured its worth it