A failed Gauntlet means nothing. It is like it never happened. Helios will only evaluate the passing Gauntlet. So just get back to the drawing board and when you are ready go at it again.
Earn 2 Trade the gauntlet
- Thread starter caacapital
- Start date
A failed Gauntlet means nothing. It is like it never happened. Helios will only evaluate the passing Gauntlet. So just get back to the drawing board and when you are ready go at it again.
I actually might try this again as a test. My only issue is you really dont know how what your reward is but since I really wouldnt be doing it to be "funded" trader I guess it doesnt matter the goal is just to pass.
I see you are a Forex Trader? Adding my 2 cents if you do not mind. The stats you showed on
your Gauntlet Account was very impressive until that 2k drawdown in one day. If you were to
remember the settings of the streaks of winnings vs a few minimal losses for the day, would
lead you in the right direction. Daily Loss Limits should be mandatory, whether it be 200, 300,
400 dollars etc. I do not trade Forex for I lack the patience to.
I concur & agree.
I traded many systems together and should have concentrated. However my Bond system that gave the early good results has now failed also...legionx you may have been the only poster that has seen this journey for what it is and you have respectfully posted your thoughts.
...about the many rule changes...well I am a freestyle trader and should have never used rules other than to stick to daily loss limits.
If I manage to build this back up and eek out a 10% profit (which is highly unlikely)...I will prolly only get a 10k offer at 30%.
ElectricBacktoForexSavant
I traded many systems together and should have concentrated. However my Bond system that gave the early good results has now failed also...legionx you may have been the only poster that has seen this journey for what it is and you have respectfully posted your thoughts.
...about the many rule changes...well I am a freestyle trader and should have never used rules other than to stick to daily loss limits.
If I manage to build this back up and eek out a 10% profit (which is highly unlikely)...I will prolly only get a 10k offer at 30%.
ElectricBacktoForexSavant
Last edited:
I heard bonds makes the most sense to trade it’s just not a good fit if you need to see movement.
This is very interesting --- the depth of the Helios analysis --- and the fact that they look at how you handle every single trade. It is not just the end result that matters. I think of all my mistakes the first time, emotional reversals and then re-reversals, well, I sure would not want all of those trades looked at.
Based on the experience and regrets of ES about posting his daily Gauntlet experience, I had decided to keep my next Gauntlet attempt private. However since Helios is going to look at every single trade, the accountability of the daily posting of all time stamped trades to ET may help give me the patience to wait on trades that I can defend.
Uhh, why did you go long there? Well, it was going against my short position so I reversed so I would not get left behind in the strong upmove that wasn't. Now that is just what Helios is looking for in a trader, right?
I will try to apply this "mindset" as I continue my Sierra Charts simulation in preparation for my next Gauntlet probably starting in mid Feb. After all there is no point in doing another Gauntlet until I can get the results on my own simulation.
Another good thing about making a journal out of the Gauntlet attempt might be that once you have completed your Gauntlet you can also send the link of the journal to Helios while they are reviewing your performance.
It can give them a better insight in how you trade/think and handle some of the situations you went trough, it also gives them a chance to read your own analysis on the trades you made and return you achieved, things you have changed, why you have changed things, are you truly trading a system, where you more lucky than skilled, ...
Earn2Trade-Ryan
Sponsor
Helios loves when traders journal! Some choose to import their trades into something like Tradervue and journal each trade. In addition, some traders like to do do a premarket prep and post market analysis of their trading. This is a career guys, not a game. To be successful it takes work.
@Earn2Trade-Ryan, I note you have made changes to the Gauntlet as well as removing the Spot FX Gauntlet.
The sizing possibilities as well as pair availability made Spot Fx an attractive proposition. Not to mention a point of difference with product offering in comparison to your competitors.
The sizing possibilities as well as pair availability made Spot Fx an attractive proposition. Not to mention a point of difference with product offering in comparison to your competitors.