Earn 2 Trade the gauntlet

Discussion in 'Prop Firms' started by caacapital, Jun 25, 2018.

  1. Handle123

    Handle123

    "Giving up"? What is to be learned by doing so, if one was on the Titanic, do you just give up and die or do you figure out how to survive? Some of the lifeboats were nearly empty.
    http://lifeinacrazyworld.com/why-titanics-lifeboats-had-empty-seats/

    If anything, inner piece you stayed till the end, gave it your best, take a bad situation and come back, forget all the baloney of helping others, there is no giving back when you not gone forward. This is a mental game, your stops are way way too much, that is if you were using them. Even if you don't get funded, find a way to get to the plus side and stay consistent, good to see you had less losing trades, but even 3 is too much based on your profitable trades, what happens when you stop at one lose?
     
    #431     Oct 7, 2018
  2. #432     Oct 7, 2018
  3. #433     Oct 7, 2018
  4. Ol'Newb

    Ol'Newb

    This has been an interesting thread. I myself plan to do a Gauntlet when I am ready. This thread has helped validate a couple of my thoughts on the Gauntlet and reinforces my decision to trade a live account until I can prove to myself that I can pass something like the Gauntlet before signing up.

    A big thanks to ES for laying it all out there. Not many folks would have the courage to do that. However if you provide that level of transparency then you are going to attract cheer leaders, detractors, and realists that sit in between. You have to be mentally and emotionally prepared to deal with all of them.

    Granted I am just a noob that does not really know much, other than knowing I don't know much, the two observations I have gleaned from ES's trade log are:
    1) It appears that you are strategy switching much too frequently. It might be better to develop and trade on your own a strategy until you are consistent and do not feel the need to bounce around then come back to the Gauntlet.
    2) This is more reflective of how I am wired to think about things but it looks like your R:R logic is opposite of what it should be. You should never be in a spot where you win 20 out of 23 trades in a day and are still a net loser. Also, maybe this a noob thing but I don't understand the logic of having a daily loss limit that is larger than your daily win target.

    Many thanks to all for the contributions to this thread.
     
    #434     Oct 7, 2018
  5. I annotated below 2018-10-07_154533 Columbus Day.png
     
    #435     Oct 7, 2018
  6. I see that but like I said the other market holiday calendars that I checked do not show tomorrow as a market closure day.
     
    #436     Oct 7, 2018
  7. The bonds only...Maybe the futures are open...I really do not know...But I will take tomorrow off anyways...

     
    #437     Oct 7, 2018
  8. Last edited: Oct 7, 2018
    #438     Oct 7, 2018
  9. tray

    tray

    #439     Oct 7, 2018
    misalto likes this.
  10. Fantastic! look forward to your reports
     
    #440     Oct 7, 2018