Positive Changes to the Upcomers Challenges
Upcomers has reduced the profitable day requirement to 0.5% and increased the drawdown limit on new accounts.
Upcomers Rule Changes
Upcomers has made some positive changes to the rules for new accounts. The profit target for the minimum trading day requirement has been reduced to 0.5% from 1% and remains at 3 days during each evaluation phase. The dynamic drawdown limit has been increased from 4% to 5%. I think reducing the target for the minimum trading day is a great change. The lower target rewards slower, consistent growth, which is more in line with my trading style. Once accounts are funded, they have a capped and tiered payout structure that also appears designed around slow, steady growth. Payouts are capped and increase as the account progresses. For my $50K account, the first payout would be $500, the second $1,000, and increasing each time. You need 1% growth between payouts, but these first payouts are not withdrawn from your trading account. After the 8th payout, the account is reset, but the withdrawal limit is removed.
Second Account
My account is still in the 2nd evaluation phase and subject to the rules from when I signed up. My trading day target will remain at 1% during the remainder of the evaluation. The new rules apply to new accounts only. I am tempted to open a second account. They now offer the Ash account with a 2% goal to get funded. This one is appealing and would give some flexibility for different positions using the same strategy without exposing too much risk on a single account.