Correct, $0.25 for Rithmic. Sierra doesn’t have a per transaction cost, neither does NT. What does is the FCM and Rithmic. The FCM for Sierra is $0.50 and for NT it is anywhere from $0.53-$1.00+.
Now I am really confused? Lets try this: Ryan you know my set up. If it were possible for me to get a programmer to write my stuff for Sierra (I have s lot of programming friends), would I net out less costs if I traded say...100 RT's/mo...how about 300/RT's /mo.?... 1000 RT's /mo? ES
I’ll give you the costs again so you can calculate what you need. The fees below are without the standard NFA/exchange/data fees that will be the same anywhere. Rithmic is $0.25 If you use anything other than NT, the FCM commission is $0.50. If you use NT, your FCM commission will be anywhere from $0.53-$1.19 depending on your license.
Ok, then, lets just say the capabilities that I have with Sierra blows my mind and it is more than I could ever want so if there is a super duper version out there no one has tried to sell it to me and I don't need it.
Now I am going to share with you guys publicly some private stuff. I will be as transparent as possible. Things can go horribly wrong but I do not think so. Behave yourselves and I will continue to share my experience WHILE I go through the Gauntlet. This has never been done. This was my first day trading the Gauntlet. Everything went surprisingly smooth other than a few settings for my commish that I pay in the Gauntlet that had to be updated. I sent an email and it got fixed immediately! Everbody wished me luck and it is like a family at Earn2Trade. I felt so good. I feel so good. Rithmic RTraderPro was a little slow to start and I had to restart my computer several times to get my charts & NT to be in synch with the quotes. I really need a 16 stick machine (I had one last month but returned it). So I took a deep breath and realized God was real and begun. I trade the way I was taught and no difference felt even though it was Gauntlet money. It was like a job today. I was aware of my risk parameters that I disclosed, while trading today. What Earn2Trade needs is consistency. So I made trading rules that were conservative where I could prove consistency. This is the plan: Daily Target: $200.00 Daily Loss: $300.00 Weekly Target: $1,000.00 Weekly Loss: $500.00 Monthly Target: $3,000.00 Monthly Loss: $4,000.00 I strive to remain within these rules that I created for myself. Today I made $232.42 in the Gauntlet and never experienced an Intraday DD of more than $160.00. 72.73% of my scalps won and I had 4.55% Scratches. I was trading 1 contract of the ES and 1 contract of ZB. I am allowed to trade 4 contracts of the ES and 10 contracts of the ZB. I think that Earn2Trade is smart enough to notice that I am very conservative with my numbers thus I am conservative with my trades. I added my trades to my trade journal and annotated my charts and made images of them. This part is private and I do not share. It could reveal how I trade. I observed that I made way too many trades today (22). I need to really calm down and not take every trade and go for more ticks. I trade twice the ES that I do the ZB. My trading partner today was trading 10 & 15 contracts at a time. I cannot do that and I do not lie or misrepresent myself with big words to Earn2Trade. I am the Tortoise and will provide steady flow to the bottom line "day-in & day-out". As I grow in Funding my trade size will grow conservatively. I will be grinding out my trades likes this each session. If I reach my loss I quit for the session, thus you will not see much trade size out of me. 1 or 2 contracts is it for me as it is to easy to lose $300.00 and have to sit out the session. I did most of my trading starting with the London Open as I like the slower pace and by the time my partner started his trading morning I was already done for the day. So I watched him trade by camera all morning from the US open. Zoom is great screen sharing software. ....so that was my first day. ES
Rather than giving a blow-by-blow of my Gauntlet progress I can report that my trading continued today and I followed my rules. I showed a loss today within my rules. I am net plus in my account. Everything is the same as trading my own account. I have not heard from Earn2Trade and the freedom is rather nice. I am making a change in my trading in the way that I exit. This does not affect how I discover entries and my methodology remains. I need to trade less as I posted yesterday. I am making this change to accomplish this. The results will be obvious in my upcoming results in the following days. Disclosing rules is rather educational as it makes me responsible for my trade actions and results. I can say it is the largest factor that affects my trading. ES
E2T will give you full freedom. Ryan only responded after I initiated a change or asked a question. However for me the Gauntlet was more pressure than live trading. It was the difference between shooting baskets in your own backyard and performing before NBA scouts. After every loss I was thinking Wow, they must think I am a real bozo even though I know that is not the case. They above all people know how hard trading futures is. My problem was too many trades like you have admitted to. It is a symptom that I was trading the noise and not the trend. I fear that for you as well. Even though the first day was profitable your net result was a $10 a trade average profit. That will not get it done and I think you know that.