Earn 2 Trade the gauntlet

caacapital said:
well i think im done with earn2trade unless there is a sale or im bored I met the 2500 and the plan with about 20 days to go the plan was to meet the 30 days and at least 1 trade per week of trading requirement which gives you about 10 days out of a 2 month trail to not trade. And the fear of loss emotion took over i bought the swing high of the day of the big drop because if your just targeting 1 tick i mean of course you will get that right? so a 1 tick target turned into a $5k loss smh. I would say the forced trading days are the biggest con of earn2trade there was actually several days where i didnt feel like trading but because you only have 10 days off and have to trade at least 1 trade a week i traded and usually lost those days. I get the requirement but once someone gets to the target since this isnt money you take home the mindset switches from gain to preserve so your not trading your strategy anymore in my opinion. End of the day your trading against yourself this is why this is such a good business model. I'll try them again when a sale rolls around. advice would be if your using a low risk very high reward style like me it sucks but you will have to keep trading your strategy until the end even if you reach your target its just not worth putting on a trade if your not going to go for your full targets.
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So you got impatient and panicked and started to trade mindlessly?. It happens but I would not blame the company but myself. You did this on your own, the rules were very clear. I use to think that their program was so long and slow compared to other companies but then I realize, "what's the rush"? Remember the "get rich quick scheme"? They are not like that. If all else fails, just pretend it is real money and how much you are comfortable losing on that day you think will not affect your psyche in an adverse manner.

For me, I go in with the mentality of willing to risk $100 for the day even though my Daily Loss Limit is $300, sometimes I go over this due to slippage or one more trade senario. I've gotta get rid of that one more trade mentality when I am having a bad day. The feeling sucks to lose but compared to the balance on your account, no worries there. In fact I am happy to work away knowing that I am not being a poison to my balance I worked so hard to get. Hope this helps a bit. GL :).
 
legionx said:
So you got impatient and panicked and started to trade mindlessly?. It happens but I would not blame the company but myself. You did this on your own, the rules were very clear.
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i agree i wasnt blaming earn2trade just pointing out something you have to watch out for with earn2trade you cant trade it like the other combines because you can make the goal and still have 30 days left. the key is to make trades that you actually have some kind of rationale for not to get your trade in for the day or if you are going to do a trade just to meet the daily requirement you have to be ok with taking a loss even if it puts you under the profit target. It was extremely stupid to let at most a $200 loss get to $5k but that gives me even more conviction in my strategy low risk high reward.
 
caacapital said:
i agree i wasnt blaming earn2trade just pointing out something you have to watch out for with earn2trade you cant trade it like the other combines because you can make the goal and still have 30 days left. the key is to make trades that you actually have some kind of rationale for not to get your trade in for the day or if you are going to do a trade just to meet the daily requirement you have to be ok with taking a loss even if it puts you under the profit target. It was extremely stupid to let at most a $200 loss get to $5k but that gives me even more conviction in my strategy low risk high reward.
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Then have a different goal. Trade to protect and gain profits? Trade to not go over your daily loss limit? I am doing all of that but I still make mistakes hence the reason for my 7th try. I think this time I am going to main this account. Trading weeks are long, I just want to get through one week at a time. Weeks are longer if you mess up, especially pretty bad. Remember they say "fear takes you out, but greed keeps you in".
 
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legionx said:
Then have a different goal. Trade to protect and gain profits? Trade to not go over your daily loss limit? I am doing all of that but I still make mistakes hence the reason for my 7th try. I think this time I am going to main this account. Trading weeks are long, I just want to get through one week at a time. Weeks are longer if you mess up, especially pretty bad. Remember they say "fear takes you out, but greed keeps you in".
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7th try??
 
Nine years ago, I decided to radically change my long term risk management which at the time was wild swings in drawdowns, even though I was partially hedging. Keep learning AND be open minded, found one can hedge more than one way and different instruments. I finally like my long term risk management and drawdowns.

Drawdown and consistency when managing money means more to the client than than your bottom line...Lol 2 months is nothing. Who in right mind hand over 25k to those who don't have their own fund's in the game, for many? Huge risk based on someone not done 1,000 trades in real time.
 
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