When i am trading i always keep an eye on the fundamentals, i do not trade because of them but they might give me an input on what overall direction the market will be going. Having an eye on the fundamentals might have changed your bias for a bullish market.
View attachment 200277 Fifth Week Completed. Not much to say but it took three days to lose most of my profits and broken rules.
Why is the gauntlet any better than TST or Oneup which have a much smaller fees and larger funding amount? is it just that it has more relaxed rules?
Yes, a lot more relaxed, essentially this is what you have to do to pass: 1) Manage a $25,000.00 account over a 60 calendar day period 2) Submit a Trading Plan in the Dashboard 3) Trade a minimum of 30 calendar days and once per week 4) Reach a 10% profit target by the end of The Gauntlet™ 5) 10% Maximum drawdown With 25,000 you are allowed to trade example: 3 contracts of ES and 7 of the CL - they don't use Intraday margins, only maintenance margins. TST is the toughest one because it has a daily and a weekly maximum loss. They are calculated in real-time. Oneup is a little better - it has a a daily maximum loss, no weekly. Also if you break this rule, they will flatten your open trades and you can continue to trade the next day. You don't have to reset if you break this rule. With TST, you are out and will have to reset in order to start the trial again. Oneup does have a real-time trailing drawdown though which TST does it at the end of the day. So with oneup, risk management is dynamic when you are trading to be sure you will not break this rule and have to reset your account. Also Oneup does not charge the data-feed fees for their funded traders which the other prop shops do. They may be around $105 or more depending of the prop shop. I much prefer Earn2Trade above the others as the rules are more relaxed, you can carry your trades into next day and they appear to genuinely looking for consistent traders to work with. TST and Oneup, not so much, especially TST - look at their rules in detail and try trading with them..you'll notice very soon their model is designed for the purpose of not encouraging you to pass. One thing about Earn2Trade though, it doesn't support Ninja Trader in their funded accounts. This is a bummer for me as this is the only platform I use. In order to trade E2T account, I will have to learn to use another platform. It's a time inverstment to consider.
Correct. Details here: https://help.earn2trade.com/en/articles/2522126-ninjatrader-live-account-notice