Earn 2 Trade the gauntlet

caacapital said:
I decided to start another earn2trade out of all the company's if your going to do a paid funded trader attempt this one has the most favorable terms mainly NO trailing draw down.
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caa,
This is no longer the case, as you are probably aware.

Taken from Earn2trade website:
https://help.earn2trade.com/the-gauntlet/what-is-the-maximum-drawdown-on-the-gauntlet-challenge

The maximum drawdown is 10%. This includes open trade equity. If at any point in time your accounts value drops below $22,500 the Rithmic system will automatically liquidate your trades and disable your account.

With the removal of Spot FX and the addition of trailing intraday drawdown it is now in essence a 60 day version of a One Up or TST as regards evaluation parameters.
 
TRS said:
caa,
This is no longer the case, as you are probably aware.

Taken from Earn2trade website:
https://help.earn2trade.com/the-gauntlet/what-is-the-maximum-drawdown-on-the-gauntlet-challenge

The maximum drawdown is 10%. This includes open trade equity. If at any point in time your accounts value drops below $22,500 the Rithmic system will automatically liquidate your trades and disable your account.

With the removal of Spot FX and the addition of trailing intraday drawdown it is now in essence a 60 day version of a One Up or TST as regards evaluation parameters.
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Hello. That’s not correct :) As caacapital stated, our drawdown is not trailing.
 
TRS said:
"If at any point in time" infers trailing.
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No it doesn’t. We clearly state what the drawdown point is, $22500. Unlike others, this minimum balance does not change. If it was trailing, if you made $2500, your minimum balance would become $25,000. With us, it stays at $22,500 and thus is not a trailing drawdown.
 
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Earn2Trade-Ryan said:
No it doesn’t. We clearly state what the drawdown point is, $22500. Unlike others, this minimum balance does not change. If it was trailing, if you made $2500, your minimum balance would become $25,000. With us, it stays at $22,500 and thus is not a trailing drawdown.
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Cool. Understood.
 
Ryan,
Whilst I have your attention, if a trader has a similar entry alert for two seperate trade types but market structure dictates one trade running a 1:1 RR vs 1:3 for another setup, can these two R:R's be applied to the same trading Gauntlet account or must one use seperate accounts.
Thank you for your assistance.
 
TRS said:
Ryan,
Whilst I have your attention, if a trader has a similar entry alert for two seperate trade types but market structure dictates one trade running a 1:1 RR vs 1:3 for another setup, can these two R:R's be applied to the same trading Gauntlet account or must one use seperate accounts.
Thank you for your assistance.
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You can run as many different setups as you'd like in the Gauntlet™ account. However, at the end of the day, the only thing that really matters is how the account as a whole was treated.
 
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I am just curious. Are you consistently profitable trading the ES? Be Honest.

ES


HiES said:
Dear ElectricSavant,


I am not active on this forum, but recently I have read a lot of your posts here since I could not believe how one could be that self-destructive and self-sabotaging. Also I can see from your profile that you are registered here since 2003. Still I think the poster of some of your posts must be a newcomer to trading. Many people offered you help it seems, even the guys from Earn2Trade offered you an analysis and help to make it better if you would shoot an E-Mail to them. You declined and some people here are on your ignore-list or even ignored you already. You really need to change your whole mentality and the way you look at results. You need to stop with that self-pity and whining on the forums. Thats all I read from you. You hop from one strategy to another, failing, complaining. You have to analyse your results and finally start to stay consistent with a strategy that suits you. Dont come up with hyperscalping or shit like that which you found on the internet posted by snake-oil people. I read your "trading-plan" and your daily/weekly/monthly targets and losses. Who calculated this nonsense? You are trying to make it better, but on the larger scale you make it even worse. It does not matter which strategy you use if your emotions and your mentality are crap. Please dont get me wrong. I am not here to insult you or to make you look bad. But somehow the feeling of writing you came into my mind while I read through your posts the last days. You need to stand up and get your shit together to be profitable in this business. If it was that easy, everyone would do it. Dont be one of the majority that never will succeed in this business because they dont know what they do. Besides that, I want to give you some advices. Keep in mind, these are my advices. Nothing more. Dont waste your time with Forex. I know, there are people making money in this business, but to me this market is completely unserious and manipulated by brokers through spreads and MMs. Trade Futures instead. I think you want to do that now, right? I have read you dont trade with a chart. You drive your car with a remote controller sitting blindfolded on the shitter? Find a strategy that properly defines chart analysis. Learn what price action is and read what price wants to do next. Just google those definitions. There are great resources available for free online. Go and open a chart and learn, analyse. Draw into your chart using technical analysis and orderflow analysis. Do that for at least 10 hours a day. You said you have time. Stick to that. For longer periods of time. Ask questions, get help, learn and analyse your results, not your fucking mistakes that make you start whining all the time. Develop a trade plan and 100% clear rules to make your trading decisions mechanical and objective. Dont trade subjectively and based on emotions. You said that you "hate" losing trades. Even that you stated you would "hate" them, tells me you are doing something wrong. Those are part of this business and you will always have them. Thats exactly why you have to stay consistent. Trust me.


PM me and I throw you a link to a beautiful thread about technical analysis and price action. It was a life saver to me. I really hope you can one day make it in this business, and stop complaining about yourself! Just get your things together and start doing!
More...
 
HiES said:
Dear ElectricSavant,


I am not active on this forum, but recently I have read a lot of your posts here since I could not believe how one could be that self-destructive and self-sabotaging. Also I can see from your profile that you are registered here since 2003. Still I think the poster of some of your posts must be a newcomer to trading. Many people offered you help it seems, even the guys from Earn2Trade offered you an analysis and help to make it better if you would shoot an E-Mail to them. You declined and some people here are on your ignore-list or even ignored you already. You really need to change your whole mentality and the way you look at results. You need to stop with that self-pity and whining on the forums. Thats all I read from you. You hop from one strategy to another, failing, complaining. You have to analyse your results and finally start to stay consistent with a strategy that suits you. Dont come up with hyperscalping or shit like that which you found on the internet posted by snake-oil people. I read your "trading-plan" and your daily/weekly/monthly targets and losses. Who calculated this nonsense? You are trying to make it better, but on the larger scale you make it even worse. It does not matter which strategy you use if your emotions and your mentality are crap. Please dont get me wrong. I am not here to insult you or to make you look bad. But somehow the feeling of writing you came into my mind while I read through your posts the last days. You need to stand up and get your shit together to be profitable in this business. If it was that easy, everyone would do it. Dont be one of the majority that never will succeed in this business because they dont know what they do. Besides that, I want to give you some advices. Keep in mind, these are my advices. Nothing more. Dont waste your time with Forex. I know, there are people making money in this business, but to me this market is completely unserious and manipulated by brokers through spreads and MMs. Trade Futures instead. I think you want to do that now, right? I have read you dont trade with a chart. You drive your car with a remote controller sitting blindfolded on the shitter? Find a strategy that properly defines chart analysis. Learn what price action is and read what price wants to do next. Just google those definitions. There are great resources available for free online. Go and open a chart and learn, analyse. Draw into your chart using technical analysis and orderflow analysis. Do that for at least 10 hours a day. You said you have time. Stick to that. For longer periods of time. Ask questions, get help, learn and analyse your results, not your fucking mistakes that make you start whining all the time. Develop a trade plan and 100% clear rules to make your trading decisions mechanical and objective. Dont trade subjectively and based on emotions. You said that you "hate" losing trades. Even that you stated you would "hate" them, tells me you are doing something wrong. Those are part of this business and you will always have them. Thats exactly why you have to stay consistent. Trust me.


PM me and I throw you a link to a beautiful thread about technical analysis and price action. It was a life saver to me. I really hope you can one day make it in this business, and stop complaining about yourself! Just get your things together and start doing!
More...

In my life I have tried to mentor long time losing traders and at some point gave up, ES is a knowledgeable man, no doubt about it he knows much about price action, but once you have lost for years and years, you have trained your brain to only be happy when it is losing. It is extremely difficult to change. Hypnosis helped a great deal for me, went several times in one year and I still go 1-4 times, it becomes an evolution of turning your whole life a different direction, you start teaching your brain to look for trades when they do not look warm and fuzzy, buying on support is real hard on the nerves to do, we like to buy it as it moving up, but putting in an order, just sitting there, takes guts and different mindset, but little by little you understand better that all we can do is control risk, and for someone to undertake scalping which is very hardest form of trading I might add, is insane to do. I been doing very long time, it is second nature and losses are more frustration but part of the business. But many don't understand that less is better, risk less and let profits run, instead of having to trade perfect, you can still make money being 40% right in Nasdaq have profitable days.

I don't know how many times I have said take a 25k account and triple three separate times before trying these contests, iron out kinks before. But problems with these contests, in order to be offered funds is like buying a trading system, you have to know when to quickly adjust cause 10% drawdown is like nothing if carrying over night, and those who are attracted to this form of way to get funds are usually no where near being a less than 10% drawdown traders. You know yourself takes years before you get good enough not to sustain losses of a few days, and have to have enough rules or filters to stop yourself from throwing up hands and go extreme trying to make it back.

I do hope ES makes it, I am rooting for him so long as he makes some changes. But we ALL, seem to be saying same and some people don't take advise.
 
Reading through this thread, I am very impressed with Ryan and convinced Earn 2 Trade would be a great company to work with. HOWEVER, I'm much more interested in trading stocks and options trading. Do any of you know of a couple options that may fill this same void with the seemingly ethical/fair practices of Earn2Trade but allow avenues other than forex and futures? Thanks for any advice.
 
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