New Account with Upcomers

100K Ash

Upcomers recently added a new account type called the 1/2 step Ash. It has a 2% funding goal with no minimum trading days required. During the challenge, the absolute drawdown is 5% with a 5% daily loss limit. Once funded, the rules tighten: 3% absolute drawdown and 3% daily loss limit. The absolute drawdown trails upward as the account grows but caps at the starting balance, and daily loss is calculated from whichever is greater - account balance or current equity. That’s $3,000 of capital to work with during the challenge with sharing the profits on $100k of capital.

My Plan

I’m using this account to trade stocks using a mean reversion strategy when stocks are oversold or overbought. The drawdown limits require conservative and strict risk management.

Risk Management Framework:

• Baseline (challenge phase): 0.5% risk per trade, accounting for overnight gap risk that could bypass my stop loss
• At 50% toward passing: 0.25% risk per trade — once I’m halfway to the 2% goal, I tighten discipline because that’s when the pressure to perform can create sloppy trades and risk losing the account.
• Post-funding (funded phase): 0.25% risk per trade with a maximum of 1–2 open positions

I’m also limiting open positions to a maximum of 2 during the challenge. This gives room for losing trades without risking the drawdown limits. Once the account is funded and the 3% drawdown rule takes effect, the tighter position limit and risk per trade will keep me disciplined and protect the capital.