Earn 2 Trade the gauntlet

Check with Ryan as you might be eligible for a discount on your 2nd try.

 

Its a big deal to step into professional trading from retail trading. If a 1k drawdown was a Gauntlet requirements it might be the tipping point for a trader that is not so confident... to even try.

 

Hello Illini,

How are you doing? Are you trading with Earn2Trade?

 

Let me ask you this: If your strategy relied on a 10% drawdown maximum and you achieved the 10% profit trading 2 contracts, what happens when you get funded? How do you adjust your strategy to fit the new rules? Reduce your contracts? You only traded 2. Try to change your drawdown to fit the new rules? Could be a disaster. If you read their drawdown scale, from 5-10% drawdown, their scale is inversely related - the larger your drawdown in the Gauntlet, the smaller the allowable drawdown when funded. If you collect stats on your strategy, it's easy enough to see that you'll have to adjust your numbers and probably the strategy itself.

 

I can't argue with this. I guess it would be pigeon-holing traders that trade multiple contracts down to 1 contract.

Ryan....these are valid points that ZTrader888 is making, besides the dishonest characterization.

Any thoughts?

 

I think it is better not to define in writing what you will get. It was better to leave it open as Helios could discover a really great trader and give him preferential treatment.

As you trade with Helios naturally things can change from what your offer started you out with.

ES

 

Hi ES, Yes I am taking the Gauntlet right now but I am going to do a half price reset later in August. They have a rule that if you are still in your 60 days and have not busted out by losing the full 10% you can start a "do-over" at half price.

 

Well I am keeping my fingers crossed for you!

 

My trading has taken a change. After I lost the first Gauntlet I took a break from Futures and ET.

I have become profitable for a little while and am nearing a point to make the jump into the Gauntlet again.

ES

 

Well I had not thought of that. I have brought many traders to Ryan but have not asked for anything and do not expect anything. In my first Gauntlet Ryan was very generous.

It is just nice to have someone like Earn2Trade and Ryan in the trading world. I have not found that Ryan is trying to make money soley on the Gauntlet fee but is endeavoring to find profitable traders.

It gives hope to many retail traders.

ES