any views on Earn2trade's Gauntlet

For me it is not a matter of assets. I have assets but I don't want to risk them trading. The year 2021 marks my 18th consecutive year of trading losses. By trading I mean "day trading" in PDT Stocks, Forex, and Futures. It is very hard in this arena to make it work. You might say well just do the micros. And I do but they are so commission heavy it dilutes the return too much. For example: Wednesday I made $102.50 Gross on 43 Trades in MES but with the $.84 AMP commission I netted $66.38.

If it had been ES my gross was $1,025 and net was $865.90 based on AMP $3.70 commission. So my thinking is I can spend a tax deductible $85 and try the Gauntlet and if I pass I let them take the $2,000 of live trading risk. If either fails then I practice again on MES and then try again later.
 
I have long been a believer in paper trading with a good simulator like Sierra Charts but I have not been able to simulate a live environment mentally with paper trading. I actually have traded much better in live MES than I did in paper trading.
 
Illini Trader said:
Actually the split between E2T and the Trader is 80% to the Trader. the 60/40 is how you are taxed. 60% long Term gains and 40% short Term Gains. This tax advantage makes E2T the only viable option in this arena.
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Yes I know, I was just saying that to eliminate all your risk in exchange for a worse profit split of something like 60/40 is still a good situation for many. Or 70/30. But 80/20 with 100% of 8k is incredible.

Illini Trader said:
For example: Wednesday I made $102.50 Gross on 43 Trades in MES but with the $.84 AMP commission I netted $66.38..
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This sounds really bad. I don't think you have a very good strategy if you are taking that many trades in one day and only getting the equivalent of $1025 on ES.. but that's just my opinion I guess. You should be able to get $102.5 in micros on 2-3 trades max these days.
 
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Actually E2T sees it differently. See the screenshot below from their info. They see 20 trades to make $100 a more sustainable strategy than making 2 trades to make $100
Screenshot (128).png
 
This is a screen of my 43 trades that made up the $102.50 MES profit and $1025.00 if trading ES. I traded with a 3 point stop that got hit 3 or 4 times. Is this sustainable, I dunno but based on my prior post from E2T they seem to like small quick profits with limited risk.Screenshot (130).png
 
One thing you need to know about E2T is that the mini-Gauntlet fee that you pay automatically renews in 30 days. So even if you fail the Gauntlet you need to go into your account and cancel the subscription to avoid the monthly charge. You can pay a $100 reset fee if you fail and want to continue right away but your best bet is to cancel your monthly subscription and sign up again from scratch.
 
wmwmw said:
I think what you just said is misleading.
There are people who don't understand drawdown is the funds prop firms offer.
But you should not .
So you are intentionally misleading people.

The funds prop firms offer is actually the amount of drawdown, do you agree or you don't agree? Give your answer on this . I have no problem with you if you want to promote prop firms, but just don't make false statement.
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What I just said is misleading?

I said they are having a 50% off sale. As fun as it is to have 2-3 of you who basically hate trader evaluations and will attack everything people say in favor of them, I'm not entertaining any more of your nonsense.

Earn2Trade is a great company everyone, they ARE having a 50% off sale which is true, and if you want discounts on trader evaluations in general, be sure to visit my site.

If you dont like the draw downs and everything else, tough. Don't sign up. I highly recommend these firms, I've had quite a bit of success passing, getting funded and withdrawing money. I've had it with all these idiot nay sayers, who basically come off as people with sour grapes because they can't cut it as traders.

Merry Christmas!
 
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