Introduction
When it comes to successful funded trading, psychology plays an incredibly important role. Today, we will share the story of Harrison, a futures trader from Texas who recognizes the importance of having the correct mindset. Harrison completed the evaluation in just 20 days, so let’s see how he did it and his approach to the OneUp Trader-funded trader program.
Choosing the Right Account
Harrison chose the $50,000 account size because of the drawdown amount and profit target, which he felt were the most ideal for his trading approach. His strategy focuses on liquidity traps and reversals within a trend. He describes this in his full-length video interview at the bottom of this article.
Harrison tells us that the main feature that drew him to OneUp Trader was the trailing drawdown, which he felt demonstrated the platform’s commitment to helping traders succeed rather than looking for ways to make them fail.
A Smooth Onboarding Process
Harrison found the onboarding process with OneUp Trader to be easy and quick. The easy-to-use platforms and overall sign-up process allowed him to get set up in just a few minutes.
One of the standout aspects of Harrison’s experience with OneUp Trader was the responsiveness and helpfulness of the customer support team. He cited this as a major selling point, noting that their quick and easy problem-solving was a big plus in retrospect. OneUp Traders support team runs 24 hours a day, seven days a week via live chat, phone, and email.
Harrison’s rule violation in the funded account
While trading on his funded trading account, Harrison broke an important rule…
Due to a slight discrepancy between his computer clock, platform clock, and Rithmic Trader’s clock, he entered a trade four seconds too early before a news event. The funding partner emailed him to explain the infraction and clarify the rule and how important it is to follow because of the high volatility around news events.
Unlike at other funded trader companies, OneUp Trader has a two-strike policy that gives traders more breathing room in case funded traders break a rule while funded.
Money Management
Initially, Harrison felt pressure to make a certain amount every day, which led to overtrading. He soon realized that sometimes it’s better to just ‘sit on your hands’ and focus on well-planned position sizing and taking trades as they come. Now, he aims to withdraw any profits above the $1,000 threshold at the end of each week, leaving a little extra to grow his cushion.
The Importance of Psychology
For Harrison, the psychological aspect of trading is crucial. He likes to exercise before trading to get in the right headspace and avoid letting external factors influence his thought process. As a technical trader, he doesn’t pay attention to news but does check economic calendars to be aware of upcoming releases.
His pre-trading routine involves reviewing levels, chart patterns, and trade plans, as well as reflecting on the previous day’s trades. He also notes down any news events so he can avoid trading during those times.
Harrison told us how happy he was about the opportunity that OneUp Trader gave him to trade without risking his own money. The platform gave him some really useful resources and analytics, but they never got in the way of him focusing on what was most important – the actual trading, so, his advice to other traders is simple:
Don’t get greedy, keep your profit targets and drawdown limits in mind, and always remember that trading is just as much about psychology and discipline as it is about strategies and charts.
You can watch Harrisons interview video below:
