Earn 2 Trade the gauntlet

Yes but trading 20 contracts in the ES at that time might make it hard to get filled. I neglected to mention that I only traded the ES last night.

ZB is liquid at those hours. ZB is always liquid.

But I get the point.

Es

P.S. I can trade 100 contracts or more after the open without a problem.

CALLumbus said:
Good decision, make a few ticks and then go and enjoy your life. Get really consistent with this, so you can size up. With 20 contracts or more, this is good money.
Average a few ticks a day, limit your working hours, know when to stop for the day, slowly increase your clip size... thats a good way to play this game.
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ElectricSavant said:
Yes but trading 20 contracts in the ES at that time might make it hard to get filled. I neglected to mention that I only traded the ES last night.

ZB is liquid at those hours. ZB is always liquid.

But I get the point.

Es

P.S. I can trade 100 contracts or more after the open without a problem.
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The ES has been trading anywhere from 150K to 200K between EU open and US open. I think it can handle whatever you got. The chart shows 10K volume bars.


EU to US.PNG
 
ES, First you did a very brave thing of committing yourself to showing us your daily results from the gitgo. My question is: Do you feel this has added pressure to your trading and influenced your decision making in any way? For example do you find yourself maybe ending your trading day too soon because you want to show us a profit for the day and don't want to see a small profit turn into a loss? Also, do you find maybe it might keep you out of a marginal trade because you know it will have to be reported in your results for the day.

As I have previously said I bombed out on the Gauntlet and am wondering if/when I try it again would this be a beneficial thing to do as you have done?
 
ES, First you did a very brave thing of committing yourself to showing us your daily results from the gitgo.

I have been posting in ET for 1.5 decades and it has been a pleasure. ET is my trading room and trading would not be the same for me without ET.

My question is: Do you feel this has added pressure to your trading and influenced your decision making in any way?

If I am to be honest: No. The actual exits and entries made when I trade are not affected as I am following a system of trading. I have asked my Wife to get more involved. So my Wife is on the side that if I am up a minimum of $100.00 per contract then stop. She liked Callumbus's post about trading 10 contracts. She looked at me with her blue eyes and said to me do you understand that you could make 1K per day? I asked her why stop there?

For example do you find yourself maybe ending your trading day too soon because you want to show us a profit for the day and don't want to see a small profit turn into a loss?

No just my Wife. But she is involved now and is making the decision together with me. We now have our rules until they do not work anymore. Last night for example, I traded for 2 hours (midnight to 2:00am mst) and made the bulk of my trades to realize that I was going to have to take a break with a $60.00 loss as I was not getting anywhere. Sometimes you got to get flat and get away from the screen and let the market reset. So I sat the alarm for 2 hours and returned to trade some more and got into profit. I was not worried as I had the open and the whole morning if needed. I asked Wifey hey! should I stop now at +$100.00 and she wiped the sleep from her eyes and said yes. I told her I could watch the market for real good set-ups rather than marginal ones and then immediately I realized that I would feel real bad if I lost the $100.00. So I wanted to have a good weekend and decided to just stop. I know now it was a great decision as I used the time to practice scalping the NQ in Sim. I can only pattern match the NQ but I would love to learn how to scalp it too! I find the NQ tick for tick more efficient and valuable...but I cannot scalp it. I would love to learn how to scalp the NQ as my scalping system does not fit it and only my pattern matching works in it. I will need another traders help or I may never find out how I want to scalp the NQ.

Also, do you find maybe it might keep you out of a marginal trade because you know it will have to be reported in your results for the day.

The Gauntlet itself affects me more. Posting in ET is like a visit with my friends. I ignore and block the negative ones as I know they affect me greatly. They probably have posted in this thread and I do not want to know if they have.

As I have previously said I bombed out on the Gauntlet and am wondering if/when I try it again would this be a beneficial thing to do as you have done?

Well I think the Gauntlet in itself makes you responsible. The posting on ET does not matter for me compared to Wifey and the Gauntlet. But that is me and you will need to decide for yourself. I know that I have helped Ryan and staff at Earn2Trade. This was the main reason why I post here about the Gauntlet. I also want to help traders as this is why I have posted for 1.5 decades in ET. I like to help by illustration with what I have learned.

Illini, your posts in here are very thoughtful and Thank you for this interview. I think you are the type of trader with potential. You can refine your mentality and work with YOU. The Gauntlet will help you immensely to define your trading style.

ES
 
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ElectricSavant said:
How did you do?

ES
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Not good. I broke rules and paid the price. I'm down $1700. Thanks for asking. I'm working a lot of overtime and it's distracting me. I traded today between 11am-1pm CST. That is a no no. I was trying to play catchup from last week. That will not happen again.
 
Sorry to hear that.

pfsthib said:
Not good. I broke rules and paid the price. I'm down $1700. Thanks for asking. I'm working a lot of overtime and it's distracting me. I traded today between 11am-1pm CST. That is a no no. I was trying to play catchup from last week. That will not happen again.
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I am hoping that I pass the Gauntlet. Part of my ability to bank profit is secondary but what is primary is controlling DD and losses. The intraday reaction and changes made to my trading is important to note as it indicates what sort of trader I am. When trading other peoples money their is a different criteria used and I must adapt to that verses trading my own money. Funny that there is a difference as that would indicate trading for not really who I am. But being sensitive more to losses with OPM should be understood if it does not affect trading style dramatically and does not interfere with the secondary focus of banking a profit.

My first week indicated I had a problem with keeping an intraday profit. This required me to go into my journal and evaluate what was going wrong. I discovered that I would make money in the ZB and give it back to the ES...remember? So that caused me to change my focus over to the Bonds and trade the ES less.

My second week encompassed many changes at the same time. The loss of my trading partner was a big change. I made new rules about when I start to trade and when I stop to trade. I added pattern matching and two new instruments to my trading rules. Earn2Trade was notified. I essentially am trading two different systems at the same time where pattern matching requires less management. Scalping the Bonds and the ES require minute by minute focus.

My upcoming third week will try to make a routine out my approach to dictate what kind of day it will be. I start at Midnight (mst) and trade for 2 hours and see how I do. If I trade profitably and am up with a minimum of $100.00 with 1 contract trading then I am done as soon as I reach that within the first two hours. If I do not have a profit then I stop trading and take a break and come back in two hours to see if the market reset. My goal is to reach $100.00 profit trading 2 hour shifts...stopping for 2 hours restarting looking for a market reset...rinse and repeat until $100.00 is reached. This approach will cause me to not over trade in a choppy market. My pattern matching trades are independent of these rules and always are initiated at market open. They are not daily trades yet but I am in hopes that they will be shortly.

Lets see if this "introduction of shift trading" plays out and if I am able to implement it and follow it with my scalping. My Journal will be very important to me during this upcoming week of trading (09/30/18 - 10/05/18). I always know the night before if I will be pattern matching or not from the open. Again hopefully pattern matching will be a daily routine but for now I am cherry picking the days that I trade pattern matching. I scalp daily.

ES
 
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