Earn 2 Trade the gauntlet

ElectricSavant said:
I just want to jump in here while you are waiting for Ryan. There are two ways to set up a stop in the Gauntlet. There is a daily loss limit that can be set. Then there is the traditional stop you refer to.

If I remember having mental stops is not an issue...but what will you do if Trump Tweets that we are bombing Tehran..or if Tariffs go to 50%...or if South Korea acts up and you are long in the index futures?... or in your case short Gold?

If you are hedged then ok.

Catastropic Stops should not be an issue for your system. And if I were Helios I would demand some variant of the above. The Gauntlet is your proving ground and I personally use daily loss limits (percentage of balance) for my Catastopic stop.

Es
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Yes you are right, I think catastrophic stops is important in such cases, even though its scalping for smaller profits, but at a distance, which can be hit only by catastrophic news,
 
ElectricSavant said:
sandeep123,

I just want to jump in here while you are waiting for Ryan. There are two ways to set up a stop in the Gauntlet. There is a daily loss limit that can be set. Then there is the traditional stop you refer to.

If I remember having mental stops is not an issue...but what will you do if Trump Tweets that we are bombing Tehran..or if Tariffs go to 50%...or if South Korea acts up and you are long in the index futures?... or in your case short Gold?

If you are hedged then ok. Using one or two micros per 25k is light exposure and you should be alright. Hedging will reduce your ROR and drawdown.

Catastropic Stops should not be an issue for your system. And if I were Helios I would demand some variant of the above. The Gauntlet is your proving ground and I personally use daily loss limits (percentage of balance) for my Catastopic stop.

Es
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Hi Ryan,
Which software do we use for trading Gold on Gauntlet? Do we also have option of using MT5/4 or similar trading platform?
 
A picture is worth a thousand words. Can you survive beat and overcome the Gauntlet? Has anybody used their certificate in Job Interviews? Tell us your story...

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Just wanted to update my experience with E2T and Helios.

After completing the Guantlet I was given a "live sim" account which is effectively a live account, but the trades are not actually executed as a way to reduce risk for Helios. I think a lot of people were going live and screwing up (as I did initially).

Once I hit the 5,000 mark in the live sim, I was transferred to a real live account with Helios. The 5,000 I made was mine to keep. I withdrew a portion of it and I've left the rest in for a cushion. Since then, I have been steadily grinding it out on my account with Helios.

Overall, my experience with E2T and Helios remains a very positive one.
 
drycleaner41 said:
Just wanted to update my experience with E2T and Helios.

After completing the Guantlet I was given a "live sim" account which is effectively a live account, but the trades are not actually executed as a way to reduce risk for Helios. I think a lot of people were going live and screwing up (as I did initially).

Once I hit the 5,000 mark in the live sim, I was transferred to a real live account with Helios. The 5,000 I made was mine to keep. I withdrew a portion of it and I've left the rest in for a cushion. Since then, I have been steadily grinding it out on my account with Helios.

Overall, my experience with E2T and Helios remains a very positive one.
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That's awesome to hear, drycleaner41. Are you still trading with Helios?
 
ElectricSavant said:
I am going to wait to join the Gauntlet and trade the MES at TradoVate with my limited funds.

The MES has opened up a new opportunity for me to test my system with real money.

I may never go professional as I am discovering that retail brokers do not open accounts to professionals and they vigorously enforce it. Even if you pay the $105.00/Mo.

ES
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Does this mean that if you start trading with Helios, you are considered a professional trader and can never go back to a retail trader status?
 
I do not know if you go pro if you can go back. I just do not want to pay $105.00/mo. for data fees to trade retail right now...I do not need to because of the Micro.

Es
coskinas said:
Does this mean that if you start trading with Helios, you are considered a professional trader and can never go back to a retail trader status?
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coskinas said:
Does this mean that if you start trading with Helios, you are considered a professional trader and can never go back to a retail trader status?
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You can absolutely go back to retail trader status.
 
ElectricSavant said:
I do not know. I just do not want to pay $150.00/mo. to trade retail right now.

Es
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It's only a monthly payment until you pass the Gauntlet. If you get in now it's only $25 and you technically can pass before you ever get charged $150.
 
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