Earn 2 Trade the gauntlet

[p0box4]

I have made some stupid mistakes (meant to execute a few trades on the demo account provided with the Gauntlet account because i was working on a second strategy, these where ES trades which i had absolutely no intention on doing in my Gauntlet account).
Because of this i experienced a large draw down and as a reaction to that i made a few more stupid trades in an attempt to recover the draw down (very foolish mistake).

There where some other issues as well and because of all this Ryan offered me a 2 week extension on my Gauntlet so i have some time to recover my account.
It will be hard to do but i will try anyway.

Very unfortunate since i was doing very well before these mistakes, had a nice return and a decent average risk:reward.

I managed to recover the account and am now waiting for confirmation and an offer.
However because of these stupid mistakes i made i will probably only get the minimum offer.

During the last 2 weeks i have done some more back testing, reviewed my past trades and noticed that my system gives the best performance in volatile markets and that the biggest reason for failing was my concentration, i had trouble staying focused during both the EU and US session, so i went looking for a solution.

From now on i will only trade the NQ, volume charts instead of time based charts and only during the first 2 hours of the US open, if necessary i can also trade the last hour of the US session. This way i know for sure that i will get some signals every day, because of the volume charts my stops will be smaller and i will get more signals, last but not least i know when i need to be ready and focused instead of staring at my screens for 10 hours a day.

 

[drycleaner41]

Just in case anyone is interested, this has been my experience with Earn2Trade so far:

I passed my 60 day gauntlet with a 10% return. I was offered $25,000 and I accepted. I am currently just waiting for the account to be set up. The staff at E2T that I have interacted with has been really helpful. My gut feeling is that with E2T, they actually want to fund traders. With Topstep, which I spent some time at too (I had 2 live accounts there), it seemed like they were more about collecting combine fees. Obviously both E2T and TST are going to want to make money on those fees, but TST felt like they had some rules in place to ensure that people don't get to the funded account stage. You pass the combine, then you have the "live trader preparation" phase (or whatever it was called), which is just another combine that you have to pass. Kinda smelled like BS to me.

Just my 2c anyway

 

[Risepoint1879]

$7700 is the current initial margin from CME. That's what we allow and it's what we've found works best. We're not looking for the traders who trade 10-20+ contracts on ES on a $25k account. That's a setup for failure.

I would have to disagree with $500 being the average ES day trade margin. Maybe at discount shops like AMP. They offer this because they want the small $500-1000 deposits. Most bigger FCM's will give 25-50% overnight margin as their day trade margin. That said, most professional traders will not use anywhere near that kind of margin. For instance, 1-2 contracts per $100k in the account, or even less than that.

The way we do it is not for everyone but those who sign up, we've never received a complaint about it. If you can be successful actually needing that low of margin, I applaud you! If you have a $25k account and really need $500/contract ES, that's 50 contracts. That's crazy trading.

Ryan, will you guys offer a track for equities?

 

[Earn2Trade-Ryan]

Ryan, will you guys offer a track for equities?

Once we have enough demand to justify the cost! Plus offering it on the funding side has issues as equity traders working for a prop firm need a license.

 

[tradethereaction]

Just in case anyone is interested, this has been my experience with Earn2Trade so far:

I passed my 60 day gauntlet with a 10% return. I was offered $25,000 and I accepted. I am currently just waiting for the account to be set up. The staff at E2T that I have interacted with has been really helpful. My gut feeling is that with E2T, they actually want to fund traders. With Topstep, which I spent some time at too (I had 2 live accounts there), it seemed like they were more about collecting combine fees. Obviously both E2T and TST are going to want to make money on those fees, but TST felt like they had some rules in place to ensure that people don't get to the funded account stage. You pass the combine, then you have the "live trader preparation" phase (or whatever it was called), which is just another combine that you have to pass. Kinda smelled like BS to me.

Just my 2c anyway

Going to give Earn2trade a try. Will let you know what happens at End of March.

 

[Franz]

Once we have enough demand to justify the cost! Plus offering it on the funding side has issues as equity traders working for a prop firm need a license.

Can‘t believe there‘s no demand in Eurex.
Bunds are not that bad ......

 

[mm2mm]

a guy from that website passed the gauntlet and got funded 10K with 10%dd only $1000 to lose... what a waste of time

 

[Earn2Trade-Ryan]

a guy from that website passed the gauntlet and got funded 10K with 10%dd only $1000 to lose... what a waste of time

If he only got $10,000 with 10%, then it's most likely that he barely passed and had an unfavorable drawdown. At the end of the day, the prop firm still has a duty to protect their funds. If you don't do well and demonstrate good risk management, the prop firm is probably going to want you to demonstrate good risk management with live funds before increasing the offer. It's not often people are only given 10/10 and there are plenty who get the full 25k. In fact, I'm aware of an instance where someone was given the $25,000 with 20% drawdown, they wiped the 20% and were given even more money. It's really just about how well you perform. Even if you were only given $10,000 and 10%, if you end up wiping the $1,000 you only paid (max) $349 out of your own pocket to lose someone else $1,000.

 

[tradethereaction]

Hey Ryan, how many people have been funded 25k vs 10k? I appreciate your transparency. One of the reasons I joined.

If he only got $10,000 with 10%, then it's most likely that he barely passed and had an unfavorable drawdown. At the end of the day, the prop firm still has a duty to protect their funds. If you don't do well and demonstrate good risk management, the prop firm is probably going to want you to demonstrate good risk management with live funds before increasing the offer. It's not often people are only given 10/10 and there are plenty who get the full 25k. In fact, I'm aware of an instance where someone was given the $25,000 with 20% drawdown, they wiped the 20% and were given even more money. It's really just about how well you perform. Even if you were only given $10,000 and 10%, if you end up wiping the $1,000 you only paid (max) $349 out of your own pocket to lose someone else $1,000.

ey

 

[Earn2Trade-Ryan]

Hey Ryan, how many people have been funded 25k vs 10k? I appreciate your transparency. One of the reasons I joined.


ey

I can’t give exact numbers for competitive reasons but I can tell you there are more that get funded with 25k than 10k. Lately several have been taking advantage of the Gauntlet guarantee and getting refunded as well!