The pressure of posting here in ET...The Gauntlet requirements ...and a bad Bond Trading System...all contributed to my failure. I can say I will never do this again. I might post a Forex Trading Journal later...but that is about it...Maybe if I can learn a winning system I might try the Gauntlet again...but privately. ES
the ambiguous reward terms is a huge issue. Freestyle is probably why alot of people choose this over tst. so really i only see that you having no fix flatten time, a fix target and the dd isnt trailing as the only benefits in terms of rules. I think at a min someone needs to know if they are going to get the 10k at 10%? Like i said before thats $1k for 60 days and most that can pay for this will be able to save that up in that timeframe so unless its for fun that wouldn't be something someone would even consider paying for.
I dont think i matters if you post or not most people will ultimately get that dd then they will think that hey this is just a demo I can just trade a little more aggressive to get my loses back. Im seeing this in the same light as the others now. With the low rewards for how most people would pass this save your own money and trade demo until you have enough. Try it once but i would expect 1k risk capital unless you have a very high average risk per trade.
Maybe I will go full circle and see it your way...but I am not ready for that yet. I will return to take the Gauntlet once again...if I could only trade profitably. I have learned that I am a mechanical trader...not a discretionary one. You would think after all of these years I would have something to bring to the table....But I do not. I have lived all my life trying to be a profitable trader but never reaching the goal. Running the Gauntlet cuts deep. I have placed most of my friends on ignore and blocking...still am adding to the list...to be isolated. I need to meet my inner self half way. ES
Since I failed the Gauntlet in July-August, I have been sim trading and looking at all available instruments to trade including Gold and Bonds. Bonds are ugly ugly ugly. I just do not see how anyone can trade them. That may be your biggest problem --- trying to trade an untradeable. I am full circle back to concentrating on CL and YM as my futures of choice to sim trade as I started my personal simulated gauntlet this past Monday on Sierra Charts. I am treating it just like the real Gauntlet -- every trade counts and no restarts.
Illini...Good for you... I am searching for something that fits me in Trading to return to the Gauntlet... I may or may never find it...but I will always try my hand at trading. ES
Its funny I always juggled trading with my full time job...now I am retired and have all of this time on my hands... I was one of those people that did not save enough money for my retirement...so I need to supplement my retirement with income. If anybody know of a remote trading job...tell me. The Gauntlet was perfect until I blew it. ES
Perseverance and resiliency --- Those two things we have, you and I. Like the famous quote from a former President, TR I think. We may leave the battlefield tired and bloodied but we are not like the timid folk who never tried.