Earn 2 Trade the gauntlet

Yeah, he was saying if you only hold one night there is no overnight margin.

 

I had to go Spy v. Spy mode to see what he typed, could not resist...

"If you remain in one session there's no overnight margin"

Technically, he is correct. A single session is the 6PM to 5PM next day window ET. That is really one trading "day". Oi. CME needs to clean up their terminology? hehe.

Anyways, I did not know you have two gauntlets now.

 

Technically yes But from 4-5 pm CST there is.

 

Just another idea, with the new Gauntlet Mini it might be a good idea to allow more contracts if a trader is trading the micro contracts.

3 mini contracts with a $550 daily loss limit is risky, even 1 contract can be right on the edge if you have 3 losers in a row. However 3 micro contracts isn't nearly enough.

 

It’s something we are absolutely investigating!

 

Is the refund for not exceeding a 2% drawdown paid to a live sim account or later to the professional account with Helios?

 

Live sim - where you can withdraw it

 

If I keep it in the account, does it mean my allowable drawdown is increased by the refund amount? For instance, my offer stipulates the drawdown is $2,500. I am also eligible for a refund of $429. Is my drawdown now $2,929?

 

Yes, you can choose to do that if you wish to not withdraw it. Many do.

 

Is it an irrevocable decision made at the outset of trading in live sim? What if I decide to keep it in the account and then suffer a drawdown of, say $1,500? Can I withdraw the refund amount of $429 then?