Interesting. Curious if it will be newly founded company or more established one.
Earn2Trade Founder Charged With Fraud
- Thread starter LCK2000
- Start date
Obviously there's no $150,000, rather $4,500 drawdown. And even that might be "LiveSim" as per Juni085's post above.
But more importantly, the opposite is true about long-term success: Simulate a Sharpe 2.0 equity curve and it averages 3-4 losing months a year -- wouldn't pass a Gauntlet. Trading profitably at all is hard enough and even Sharpe 1.0 long-term is good. On the other hand, chances of trading successfully for very long under overly tight rules (Gauntlet/Mini) are pretty much zero.
Earn2Trade doesn't reveal the 6-month retention rate of their "funded" traders when asked. And we're reading about "LiveSim", i.e. Helios taking the other side of their "funded" traders. Go figure.
Question: Where was it stated that Helios is or may be taking the other side of their funded traders? I know it may not be proven as a hard fact that this is happening. But looking at the business model of what was going on with the other business that Earn2trader's founder was involved in and some suspicions behind this potentially being at play with Helios. I can see why someone may be a little skeptical now.
From their website: https://help.earn2trade.com/en/articles/3313030-what-is-the-livesim
And post on previous page of this thread:
That just states that you will be trading on a simulator and your profits on the simulator are real and they will pay you out based on the profits you earn on the simulator. That doesn't mean that they are on the other side of your trades. Being on the other side of your trades implies that when you buy they are the seller, and when you sell they are the buyer. Isn't this what "being on the other side" of your trades means?
Which is similar to certain Forex Broker scams where they were on the other side of their clients trades and triggering their stop losses?
P.S.; A LiveSim on Rithmic could actually be beneficial to the trader as slippage is (almost) non existent. The primary exception of course is in a fast market, platform computing resources obviously have to be preserved for actual funded accounts and pricing on a Sim has been known to lag. You can also have this same lag problem in a "real" account too (It has happened to me even in my own funded "big company name" equities accounts. Rithmic makes for a great independent third party because when you pull trading history and balances you are accessing Rithmic data directly. Comments are welcomed.
Hamstering
Its the same , forex is a live simulator and if you make profits they pay you . The difference here is when you lose with e2t you wont pay them unlike forex brokers .
But essentially they are taking the other side of your trades , they want you to lose to kick you out .
I am talking about the live simulator .
I personally need some other traders, small or super large players to lose. In a zero sum environment (plus, notwithstanding commissions), which futures are, how else would I make a profit. Losses are incurred from individuals just trading all the way up to the world's largest hedge funds and companies (e.g. ; Airlines) for the purpose of price protection.
Well said.
I personally need some other traders, small or super large players to lose. In a zero sum environment (plus, notwithstanding commissions), which futures are, how else would I make a profit. Losses are incurred from individuals just trading all the way up to the world's largest hedge funds and companies (e.g. ; Airlines) for the purpose of price protection of their assets or expenses.
Well said.
I personally need some other traders, small or super large players to lose. In a zero sum environment (plus, notwithstanding commissions), which futures are, how else would I make a profit. Losses are incurred from individuals just trading all the way up to the world's largest hedge funds and companies (e.g. ; Airlines) for the purpose of price protection of their assets or expenses.
That doesn't sound the same.
Them wanting you to lose doesn't quite equate to them taking the other side of your trades.
What im wondering is if there is some artificial manipulation of the price action so that it hits your stops . or the bid ask spread is manipulated to be in accurate to your detriment. That's what i understood "taking the other side of your trades" meant. Unless im mistaken. Simply just wishing and hoping for you to fail is different right?
When you are long they are short and when you are short they are long , thats the other side . Live simulator is not a partnership its trading against you , for every dollar you make they lose a dollar . I prefer a live funded account .