Earn 2 Trade the gauntlet
- Thread starter caacapital
- Start date
How can one be sure it's JC? Maybe it's an angel, could be the ghost of your grandfather, maybe Neptune, what about a devil in disguise?
Maybe it's just you.
I have respected your prior posts and encouragement but kicking a fellow ET guy when he is down? Not Good!
This goes on much on this forum and why many use Ignore and Blocking.
I believe in Karma is a bitch and some get it more than others.
It best for me to try to stay humble cause when not, few days from getting slapped around, funny how often it happens. But old dog does eventually learn....
@ElectricSavant trade that market on viable signals !!! Good luck.
You’re not very good at interpreting humor, No??
Thanks for raising the point.
A good thing about trading is it makes us think. Of these; not to assume anything and to question everything.
If you go through life and especially religion and trading, accepting everything told to you without putting on your own thinking cap, you are in for some rude surprises.
I have nothing against ES, I wish him well but assuming well worn old stories "just because" does not make sense. Of course, religous people will defend to the hilt they are they are following the right path and anyone questioning that is going down a garden path.
Edit; ES is not kicked while down, he is doing very well apparently from what I can gather.
@ElectricSavant
ES, you need a daily loss limit. I would also use a profit target. Thats how I do it. This should help you to achieve a smoother equitiy curve, more consistency.
The way you trade now, with your daily results, you can still finish this profitable, for sure. But the swings are pretty wild, it is hard to scale up with such swings. It is not exactly what a prop firm is looking for.
From looking at your numbers, I would set a daily loss limit at 200 USD. The same for the profit target, if you reach 100 - 200 USD on a day, just stop trading and enjoy the rest of the day.
100 per day are much more attainable with a low contract size, you can aim for consistent scalps instead of betting on huge, unpredictable swings. You need much less time per day to reach 100-200 USD per contract, instead of aiming for 500 and more. Much less stressfull and enjoyable, you will really feel the difference over time. Remember, this game is more like a marathon, not a sprint.
ES, you need a daily loss limit. I would also use a profit target. Thats how I do it. This should help you to achieve a smoother equitiy curve, more consistency.
The way you trade now, with your daily results, you can still finish this profitable, for sure. But the swings are pretty wild, it is hard to scale up with such swings. It is not exactly what a prop firm is looking for.
From looking at your numbers, I would set a daily loss limit at 200 USD. The same for the profit target, if you reach 100 - 200 USD on a day, just stop trading and enjoy the rest of the day.
100 per day are much more attainable with a low contract size, you can aim for consistent scalps instead of betting on huge, unpredictable swings. You need much less time per day to reach 100-200 USD per contract, instead of aiming for 500 and more. Much less stressfull and enjoyable, you will really feel the difference over time. Remember, this game is more like a marathon, not a sprint.
I don't think questioning Jesus Christ is kicking a "fellow ET guy when he is down".
All the positive words, prayers and affirmations ain't worth nothing in this game if you don't play with a quantifiable repeatable edge.
Jumping around with different trading vehicles/approaches shows a lack of preparedness to successfully complete the Gauntlet, but ES has plenty of time to pass if he has the goods.
"Win or lose, everybody gets what they want out of the market". Ed Seykota
Your post appeared right after ES posted his daily loss of 2,600 wiping out his gain of 1,500 in the prior 9 trading sessions so apparently you had not seen that trading result yet when you made your post. The timing was unfortunate as it made it look like you were poking fun at his big loss at the time when he needed some TLC.
I love your even keel, unflappable stance on whatever comes up on ET. I will hold you to the "old dog does eventually learns" comment.
I am that old dog and failed miserably on the Gauntlet this summer, but am in my own personal boot camp preparing to take it again. I actually took my Gauntlet from the initial 25,000 down to 5,200 (80% loss) before I told Ryan I was packing it in and heading for my cave. Anyone fading me could make a fortune.When I start my 2nd Gauntlet, I think I will post the time stamped actual trades on this thread. It should provide some good laughs to you guys that know what you are doing. Seriously the daily accountability showing my trades may help keep me from going on tilt and help in making responsible decisions.
No "safe spaces" or TLC in the trading arena 