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Anyone Tried the 60 Day Trading Gauntlet from Earn 2 Trade?
- Thread starter Illini Trader
- Start date
HERE LET ME MAKE THIS EASY FOR YOU
So to recap.
Trading the ES:
$0.50
$1.18
$0.02
$0.20
_____
$1.90 * 2 = $3.80 RT "all in"
20% profit sharing.
$105.00/Mo. Pro Data Fee. (cannot trade as a retail trader in your own account for the lower fee, once you sign up with a Prop firm.)
These are the three entities that a person works with during this journey and if he passes the Gauntlet and is guaranteed to get an offer otherwise he loses his $279.00. This $279.00 dollars is his only risk and then he gets some funds to trade with if he passes.
Helios
Earn2Trade
Rithmic
You use Maintenance Margin in ES
So 25k can trade 4 contracts ($5,800.00 * 4 = $23,200.00) You allow overnight holds.
ES
P.S. Whew I think I got it....
THEN HE ADDED THIS:
So to recap.
Trading the ES:
- $349.00 - 20% coupon code = $279.00 (must start within 72 hrs after paying...pay on Monday
) - Must trade once a week and show a 10 % profit on the 60th day. No more than 25% DD
$0.50
$1.18
$0.02
$0.20
_____
$1.90 * 2 = $3.80 RT "all in"
20% profit sharing.
$105.00/Mo. Pro Data Fee. (cannot trade as a retail trader in your own account for the lower fee, once you sign up with a Prop firm.)
These are the three entities that a person works with during this journey and if he passes the Gauntlet and is guaranteed to get an offer otherwise he loses his $279.00. This $279.00 dollars is his only risk and then he gets some funds to trade with if he passes.
Helios
Earn2Trade
Rithmic
You use Maintenance Margin in ES
So 25k can trade 4 contracts ($5,800.00 * 4 = $23,200.00) You allow overnight holds.
ES
P.S. Whew I think I got it....
THEN HE ADDED THIS:
I did. Then I saw the post from Ryan about $3.25/side and I am wondering what the difference is? No offense, but I would rather hear from Ryan about my confusion.
Earn2Trade-Ryan
Sponsor
This was not for an ES only trader using Finamark. That's also an older post. Our default is $2.22/side. If you only trade one asset, we can get you lower.
HERE IS ANOTHER HELPFUL POST
You'd need to check with your broker to be certain but based on the following document, it does appear it would.
https://www.cmegroup.com/market-dat...it-a-to-schedule-4-non-pro-self-cert-form.pdf
The piece that makes you a pro is:
(f) be solely for the Subscriber’s personal or private use;
(g) be limited to managing the Subscriber’s own assets, and not be used in connection with the management of any assets of any third party(ies) in any capacity
If it was only that part, then your own accounts I believe would be fine, however, it states also:
The Non-Professional Subscriber must not:
(d) be registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any financial regulatory authority
You'd need to check with your broker to be certain but based on the following document, it does appear it would.
https://www.cmegroup.com/market-dat...it-a-to-schedule-4-non-pro-self-cert-form.pdf
The piece that makes you a pro is:
(f) be solely for the Subscriber’s personal or private use;
(g) be limited to managing the Subscriber’s own assets, and not be used in connection with the management of any assets of any third party(ies) in any capacity
If it was only that part, then your own accounts I believe would be fine, however, it states also:
The Non-Professional Subscriber must not:
(d) be registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any financial regulatory authority
Cafe Latte...
Is there any other of Ryan's posts you would like me to research for you?
ES
Is there any other of Ryan's posts you would like me to research for you?
ES
No, I am going to talk with Earn2Trade directly.
Peter is very helpful at (888) 502-2260...but write down all of your questions before you call...read the two Earn2Trade threads...then you will understand more.
They are a sponsor here so scroll down and visit their website...
ES
They are a sponsor here so scroll down and visit their website...
ES
I just hope the 35 bags of Starbucks lasts me till Christmas when the best time to buy it happens, also like Cracker Barrels coffee. We all have our lunatic habits.