Introduction
Today, we’re excited to share the success story of Jay R, a funded trader from Boston, Massachusetts who has withdrawn $10,750 through the OneUp Trader funded program. This 23-year-old trader has leveraged his exceptional pattern recognition skills to make some great withdrawals from the OneUp Trader funded trader program. Let’s dive into Jay’s trading journey and discover what makes his approach unique and successful.
Funded Account Statistics
Trading with Precision
Jay focuses exclusively on trading the E-mini NASDAQ 100 (NQ), perfecting one market instead of diversifying across multiple. This has allowed him to become an expert in the NQ price action and understand how, why, and when it moves. NQ is very volatile, especially compared to the S&P 500. If Jay decided to take the same approach and strategy to ES, then he would most definitely need to adapt it completely. This is why it is sometimes best to just stick to one market as he told us.
When it comes to his trading strategy, his statistics reveal something fascinating:
- An impressive 90% win rate
- Average win of approximately $100
- Average loss of around $800
- Average profit per trade of $86
- Profit factor of 2.1
Risk Approach
What stands out about Jay’s approach is his use of a negative risk-reward ratio—a strategy that goes against what everyone is taught about managing risk in the markets. While most trading educators say you need to have a positive risk-reward ratio (risking less than you aim to gain), Jay’s approach goes against the grain. But why does it work?
What makes this approach possible is the fact that he doesn’t have any risk at all, meaning that because he is trading at OneUp Trader, he can’t blow a personal account to zero. This way, if he has one of the big losses and ends up blowing his funded account, he can just start again with a fresh evaluation whereas if it was a personal account, there is no starting over with that unless you fund it again with your own money.
So, Jay accepts the fact that there will be big losses but he rides it out when his strategy is performing well so that he withdraws from his funded account before that comes.
This is something traders should not take lightly however. Trading with a negative risk-reward ratio requires a very disciplined approach and well-tested strategy. For every 9 winning trades of $100 each, Jay can absorb only one losing trade of $800 and to remain profitable.
Trading Style
Jay describes his trading style as “Scalping, Supply/Demand.” His daily preparation involves “analyzing different time charts to see similar price action and points of interest.” This is where his negative risk reward ratio comes into play. He basically looks for quick profits where he holds only for a few seconds or minutes, and even if a trade starts running against him, he relies on the math to work out for him.
The OneUp Trader Experience
Jay discovered OneUp Trader through a friend’s recommendation and chose the platform for its transparency and straightforward approach. He gave OneUp Trader a perfect 10 out of 10 rating and described the platform as “very easy” to use and a good place to learn.
Final Thoughts
As Jay’s strategy is unorthodox at first glance, there is one very important aspect we can take note of. That is if it wasn’t for the OneUp Trader funded trader program, an approach like this would not be possible simply because there is no financial risk to the trader at all. This allows Jay to take advantage of times when the market is moving with him and before his strategy starts underperforming, he has hopefully made some withdrawals.
This is an example of someone who has leveraged the OneUp Trader funded trader program to the max and we look forward to seeing what other styles emerge with our new pricing structure this year!
