Earn 2 Trade the gauntlet

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

  1. p0box4

    p0box4

    You can sign up for a demo account, i would suggest via AMP since they have lots of platforms to choose from.
     
    #531     Oct 21, 2018
  2. TRS

    TRS

    Thank you for the detailed reply
     
    #532     Oct 21, 2018
  3. pfsthib

    pfsthib

    I had to start the Gauntlet over. December 21st is end date. I'll keep you guys posted.
     
    #533     Oct 22, 2018
    p0box4 likes this.
  4. p0box4

    p0box4

    Good luck, my ends at December 14th.
    I will post an update here once i have reached my target or failed the Gauntlet.

    Since i have made a journal on another forum i am not going to copy everything into this thread.
     
    #534     Oct 23, 2018
  5. Handle123

    Handle123

    I find these contests to be rather waste of time, and it is a contest of you against you. You have the delusional who have not programmed their method back 3-5 years to understand when or how to adapt in changing conditions or they not sim tripled a sim account three different times to get good at identifying patterns and have the timing and all the answers for the questions down pat, they most likely to complain about everything. Then you have those who are bored as they been trading profitable and it is more entertainment and you can see they have all the answers to possible questions.

    The contest owners hoping they get the experienced, but the experienced less likely to want to be labeled professional and manage "small" monies, why make a percentage when you can make 100%? So the owners are more likely to get emotional traders and pray they don't blow out the first week.
     
    #535     Oct 23, 2018
    caacapital likes this.
  6. p0box4

    p0box4

    What are the downsides for being a professional, except for the higher exchange fees?
    About managing "small" monies, with Helios you have the potential to grow your account quite rapid if you are a good trader.

    Can you confirm this @Earn2Trade-Ryan ?
     
    #536     Oct 23, 2018
  7. Earn2Trade-Ryan

    Earn2Trade-Ryan Sponsor

    Yes I confirm Helios is more than willing to increase the allocations.
     
    #537     Oct 23, 2018
  8. Handle123

    Handle123

    I can be wrong, but you seem very experienced trader @RDK91, and some brokerages have customers willing to have their funds managed cause you might have a few years already of real time. Brokers do want to help beginning CTA's as a way to generate more commissions.

    I did the "small" monies in the 90s, never again, people call you when having drawdown and twice as much when doing well. Easier to sell yourself when you have three years real time of your own monies, concentrating on small drawdowns.

    You might want to have a chat with an accountant on how to pay least taxes managing monies as a professional. Cause once you set something up in a certain way, very difficult to change regarding IRS.

    I wish you well.
     
    #538     Oct 23, 2018
  9. pfsthib

    pfsthib

    I have failed the Gauntlet for a second time. I have reviewed my trades and found the errors. I will SIM and triple the account before I attempt the Gauntlet again.
     
    #539     Oct 23, 2018
  10. Handle123

    Handle123

    Much better tripling your sim account three times, it best to come to the game "knowing" most of the answers than "hoping". Too many think they have a good system but they fail as they didn't do enough or none at all of back testing in all kinds of price action which forces you to learn how to adapt to changing volatility and new rules.

    Good luck next time.
     
    #540     Oct 26, 2018