Anyone Tried the 60 Day Trading Gauntlet from Earn 2 Trade?

[Earn2Trade-Ryan]

Say you get a funding offer and after trading for Helios for a while, you decide to trade your own money. How does that process work? Do you just inform Helios, withdraw profits, and go inactive?

Correct - nothing locking you in.

 

[Earn2Trade-Ryan]

But what about going back to 5 bucks a month for data fees instead of $105.00/Mo? Does he need to change brokers or will his current Broker go along with this?

If he rolled the dice and never disclosed pro status then this is a non-issue.

ES

If you're no longer trading for the prop firm, that removes that criteria making you a CME "pro".

 

[Earn2Trade-Ryan]

wouldnt this negate the second $105
Helios : If you already have a data feed and simply want to execute on the Helios feed, you do not need to subscribe to the Helios Rithmic data feed for charting and will not incur any costs.

Correct - If you don't need the Helios market data, you can just execute on it. Just please note that not subscribing to market data on the feed you execute on means you will not see real-time PNL. So be prepared to track that yourself.

 

[ElectricSavant]

right...I know that. Some compliance departments are so paranoid they even avoid insurance professionals in the finance industry I am told. They must believe you and steer clear of any discrepencies. I was told this by another trader and the way compliance acts is it all comes down to knowing their client.

Look Ryan..you are even scared to comment openly as you say you cannot advise anybody...so you understand.

ES

If you're no longer trading for the prop firm, that removes that criteria making you a CME "pro".

 

[Earn2Trade-Ryan]

right...I know that. Some compliance departments are so paranoid they even avoid insurance professionals in the finance industry I am told. They must believe you and steer clear of any discrepencies. I was told this by another trader and the way compliance acts is it all comes down to knowing their client.

Look Ryan..you are even scared to comment openly as you say you cannot advise anybody...so you understand.

ES

I'm not scared to comment openly The rules are clear. You're either a pro or a non-pro and you're suppose to report what you are. If you choose not to report what you're suppose to, that's your call.

 

[Illini Trader]

Correct - If you don't need the Helios market data, you can just execute on it. Just please note that not subscribing to market data on the feed you execute on means you will not see real-time PNL. So be prepared to track that yourself.

I am confused a bit between trading platform and market data. By using Helios market data is there is flexibility as to specific platforms -- specifically can Sierra Charts be used with Helios market data when working for them?

 

[Turveyd]

Intestering read just started the 25k mini gaunlet, all good so far, $2.22 per side was high but they reduced to $0.89 per side which is fine, NinjaTrader license free, nice, loads of videos and training material once on the program.

When live funded you can remove the daily loss limit and drawdown stops at 25k so as long as you don't drop below 25k or attempt to hold over night, trade to many contracts in error then all is fine.

If you do get defunded then you can still with withdraw any profits which are in the account.