caa, This is no longer the case, as you are probably aware. Taken from Earn2trade website: https://help.earn2trade.com/the-gauntlet/what-is-the-maximum-drawdown-on-the-gauntlet-challenge The maximum drawdown is 10%. This includes open trade equity. If at any point in time your accounts value drops below $22,500 the Rithmic system will automatically liquidate your trades and disable your account. With the removal of Spot FX and the addition of trailing intraday drawdown it is now in essence a 60 day version of a One Up or TST as regards evaluation parameters.
No it doesn’t. We clearly state what the drawdown point is, $22500. Unlike others, this minimum balance does not change. If it was trailing, if you made $2500, your minimum balance would become $25,000. With us, it stays at $22,500 and thus is not a trailing drawdown.
Ryan, Whilst I have your attention, if a trader has a similar entry alert for two seperate trade types but market structure dictates one trade running a 1:1 RR vs 1:3 for another setup, can these two R:R's be applied to the same trading Gauntlet account or must one use seperate accounts. Thank you for your assistance.
You can run as many different setups as you'd like in the Gauntlet™ account. However, at the end of the day, the only thing that really matters is how the account as a whole was treated.
In my life I have tried to mentor long time losing traders and at some point gave up, ES is a knowledgeable man, no doubt about it he knows much about price action, but once you have lost for years and years, you have trained your brain to only be happy when it is losing. It is extremely difficult to change. Hypnosis helped a great deal for me, went several times in one year and I still go 1-4 times, it becomes an evolution of turning your whole life a different direction, you start teaching your brain to look for trades when they do not look warm and fuzzy, buying on support is real hard on the nerves to do, we like to buy it as it moving up, but putting in an order, just sitting there, takes guts and different mindset, but little by little you understand better that all we can do is control risk, and for someone to undertake scalping which is very hardest form of trading I might add, is insane to do. I been doing very long time, it is second nature and losses are more frustration but part of the business. But many don't understand that less is better, risk less and let profits run, instead of having to trade perfect, you can still make money being 40% right in Nasdaq have profitable days. I don't know how many times I have said take a 25k account and triple three separate times before trying these contests, iron out kinks before. But problems with these contests, in order to be offered funds is like buying a trading system, you have to know when to quickly adjust cause 10% drawdown is like nothing if carrying over night, and those who are attracted to this form of way to get funds are usually no where near being a less than 10% drawdown traders. You know yourself takes years before you get good enough not to sustain losses of a few days, and have to have enough rules or filters to stop yourself from throwing up hands and go extreme trying to make it back. I do hope ES makes it, I am rooting for him so long as he makes some changes. But we ALL, seem to be saying same and some people don't take advise.
Reading through this thread, I am very impressed with Ryan and convinced Earn 2 Trade would be a great company to work with. HOWEVER, I'm much more interested in trading stocks and options trading. Do any of you know of a couple options that may fill this same void with the seemingly ethical/fair practices of Earn2Trade but allow avenues other than forex and futures? Thanks for any advice.