I will be thinking of you and watching that 11:00AMcst-1:00PMcst zone. I got to check my journal to see if my trades are affected then.
ES
ES
Earn 2 Trade the gauntlet
- Thread starter caacapital
- Start date
Another trading friend of mine who does not post on ET had his first day of trading (Friday 09/28/18) on the Gauntlet and he banked a profit.
...so Folks it is possible to start from behind or come out of the gate positive. The Gauntlet will keep you focused.
Test yourselves. This is not do or die. But if you can pass the Gauntlet it indicates that your trading is on the right track. You do not have to stop trading your own account when trading the Gauntlet.
ES
...so Folks it is possible to start from behind or come out of the gate positive. The Gauntlet will keep you focused.
Test yourselves. This is not do or die. But if you can pass the Gauntlet it indicates that your trading is on the right track. You do not have to stop trading your own account when trading the Gauntlet.
ES
- pattern matching
- scalping
- automation (in development)
I need to have something to do in between the "market on open pattern matching trade" and the end of the session. The scalping is perfect. I always was fascinated with scalpers and always wanted to learn how to scalp. It is labor intensive and hard to master. I had the opportunity to trade together with a scalper at the top of his game for several hundred hours by camera. We decided together to to trade "Prop." He went with TST and I with Earn2Trade.
The Pattern Matching System is my main focus and I traded it shortly in my personal account. When I lost my trading partner I decided to introduce my "Pattern Matching System" to the Gauntlet and put my personal account on hold. I am careful to trade it sparsley as it is still under development and I require a long track record for my own "smell test".
So things sort of happened in reverse order for the Gauntlet. The first week was just scalping which resulted in no profit and hovering above and below 25k with 1%.
Week 2 was when pattern matching gave me 1k.
Week 3 (this upcoming week).. My scalping has been refined and improvements will be implemented. I do not know how many "Pattern Matching Trades" will be taken.
I suspect that Helios will question me about this and require me to separate my systems into two Helios accounts as they are different with drawdown and profit but they complement one another in time management.
ES
P.S. I am busy testing the NQ for scalping. I have found something with Jigsaw but will need to purchase Jigsaw. This is a later project but something to look forward to. Trading does not have to be boring especially with ET.
P. P. S. I have a private thread with an ET member that is a TradeStation Expert. I will be looking for automation with that platform which will take very little of my time. I have the Forex EA thread which does not prove any results and I am told to the contrary that there are profitable EA's out possible...Well I do not know how to code. I am a trader.
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I will start a journal if possible if I pass the Gauntlet to free up this thread....but there seems to be strict requirements over there to list trade prices. I cannot do that.
ES
ES
It is much too far away for me to actually think about withdrawing real money. This would have to assume that I would pass the Gauntlet by 11/16/18. Then I would get an offer. Then I would accept the offer (must be 20% max sharing for me to feel good about it). This feels like a lifetime. Imagine if I could systematically remove money from the market by trading from my home office in my boxer shorts? Wifey is convinced that I can do it and is already spending the money!
I will share what offer I get here in this thread as long as I am allowed to, then I will move on to the Journals sub-forum.
As far as how I would withdraw the money in the Gauntlet. Well being that there is ACH at no cost I guess I could withdraw daily as I do not need to build up a balance to warrant trading more contracts. Instead I need to constantly hit up Helios (monthly) for a raise in funded capital to accomplish trading with more contracts. Each 25k gives me 1 contract the way I trade it and use margin. I do not max out as that causes DD to be too high. There is that cost of $105.00/month for the professional data exchange fee in which Helios takes it directly from my funded balance (everything is negotiable however). The formula for Helios is to increase my funded capital at a rate that keeps me interested to stay with them, otherwise I trade my own account. I can imagine if your in their "top traders list" there can be a lot of perks along the way. I cannot work for a "1-contract minimum wage" too long as I am a $35.00/hr trader.
In my own account I follow a different rule like this: If ACH is available. There are two events, upon a 12.5% increase in banked equity I withdraw half of that amount. The other event, if I drop below by 12.5% I deposit that amount in full to my account. Each event causes a new balance to calculate from. If you can imagine an equity curve in chart form you can see how I grow an an account while spending some of it along the way. Naturally with my own trading there are costs of My Labor at $35.00/Hr., charts, subscriptions & memberships, Quarterly Tax payments...etc. that need to be accounted for.
ES
I will share what offer I get here in this thread as long as I am allowed to, then I will move on to the Journals sub-forum.
As far as how I would withdraw the money in the Gauntlet. Well being that there is ACH at no cost I guess I could withdraw daily as I do not need to build up a balance to warrant trading more contracts. Instead I need to constantly hit up Helios (monthly) for a raise in funded capital to accomplish trading with more contracts. Each 25k gives me 1 contract the way I trade it and use margin. I do not max out as that causes DD to be too high. There is that cost of $105.00/month for the professional data exchange fee in which Helios takes it directly from my funded balance (everything is negotiable however). The formula for Helios is to increase my funded capital at a rate that keeps me interested to stay with them, otherwise I trade my own account. I can imagine if your in their "top traders list" there can be a lot of perks along the way. I cannot work for a "1-contract minimum wage" too long as I am a $35.00/hr trader.
In my own account I follow a different rule like this: If ACH is available. There are two events, upon a 12.5% increase in banked equity I withdraw half of that amount. The other event, if I drop below by 12.5% I deposit that amount in full to my account. Each event causes a new balance to calculate from. If you can imagine an equity curve in chart form you can see how I grow an an account while spending some of it along the way. Naturally with my own trading there are costs of My Labor at $35.00/Hr., charts, subscriptions & memberships, Quarterly Tax payments...etc. that need to be accounted for.
ES
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It is apparent that you are excited and are having a lot of fun which is what trading should be in my opinion. I look forward to reading all of your posts. Some of the guys here just like to make money even though they admit that it is boring to them. I have made some boring money (long term holds, Cryptos, options selling) but I don't talk much about it anymore because I just get really attacked in all three areas when I discuss it. When you mention Options Selling it is like taking a baseball bat and slugging a hornet's nest.
However in another thread I admitted to having 14 straight losing years in trading, ie Patterned Day Trading in stocks and futures daytrading. This year looks to be the 15th straight year.
@themickey in that other thread encouraged me to start a journal but I have not done that. I will keep sim trading and at some point in the future I will take the Gauntlet again and I might post like you have done. I overtrade like you did in the first couple of days so a daily accountability group might help that.
However in another thread I admitted to having 14 straight losing years in trading, ie Patterned Day Trading in stocks and futures daytrading. This year looks to be the 15th straight year.
@themickey in that other thread encouraged me to start a journal but I have not done that. I will keep sim trading and at some point in the future I will take the Gauntlet again and I might post like you have done. I overtrade like you did in the first couple of days so a daily accountability group might help that.
illybaby..
I am looking forward to your posts...Soon! You can do it!
Spend a few hundred bucks...keep an online journal here...change the way you traded from last time...c'mon you CAN do it. I will help you but I must see your journal that you post in here.
ES
P.S. By the way always wait one hour before you read my posts as I have a very bad habit on late edits with everyone of my posts! The problem is I re-read them and realize that this is an archive where people can come to years from now.
I am looking forward to your posts...Soon! You can do it!
Spend a few hundred bucks...keep an online journal here...change the way you traded from last time...c'mon you CAN do it. I will help you but I must see your journal that you post in here.
ES
P.S. By the way always wait one hour before you read my posts as I have a very bad habit on late edits with everyone of my posts! The problem is I re-read them and realize that this is an archive where people can come to years from now.
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saw a post of a guy losing 14 years running maybe this might get you a better buy in any event, works for me
EX
www.elitetrader.com/et/threads/traderex-learn-from-a-profitable-one-tic-es-scalper-cme-tradovate-gratis-always.325453/#post-4736314
EX
www.elitetrader.com/et/threads/traderex-learn-from-a-profitable-one-tic-es-scalper-cme-tradovate-gratis-always.325453/#post-4736314
Believe it or not, that’s far from what successful trading is. In reality, it’s an extremely structured and boring process.
Well successfull trading is a lot more "funner" than unsuccessful trading. I get a kick out of trading out of my home office. Yes trading is boring...but ET makes it so much more "Less Boring". Trading discretionarily from "the read" is different than an automaton pressing buttons. Order Flow on the DOM can be read differently by two different traders as the numbers fly by.
I believe that trading from the DOM is like Bodybuilding. We are a "cult" of people. It is hard to explain but perhaps another reader can put it into words better than I.
ES
I believe that trading from the DOM is like Bodybuilding. We are a "cult" of people. It is hard to explain but perhaps another reader can put it into words better than I.
ES
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