My attempt to earn a funded account with Earn2Trade

Discussion in 'Prop Firms' started by SelfMadeDude, Jul 13, 2020.

  1. QTrader20

    QTrader20

    All I got to say to OP is that never put yourself under pressure to trade while you're having financial stress because it does more harm than good. Your mind won't be that clear and your trading mentality won't be that stable. So, be careful to avoid digging a bigger hole to yourself. GOOD LUCK.
     
    #261     Oct 16, 2020
  2. Expo

    Expo

    THIS IS CRAZYYYYYYYYYYYYYY


    https://help.earn2trade.com/en/articles/3849975-what-is-the-maintain-consistency-rule

    The "Maintain Consistency" - rule states that over the course of your examination, no single trading day can account for 30% or more of your total PnL.

    If your total profit on the $100,000 Gauntlet Mini™ equals $7,000, but a single trading day accounts for $4,000 (which is more than 30% of the total $7,000), the evaluation is not yet finished.

    You do not fail, if one day accounts for more than 30% of your total profits. You have to continue trading, until that day accounts for less than 30% of your total profits.

    The "Maintain Consistency" rule has been in effect on Gauntlet Mini™ attempts started on and after April 1, 2020 and it applies to resets and new evaluations alike.

    The daily PnL is calculated into this rule regardless of whether or not the account balance is below or over the starting account balance.

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    #262     Dec 17, 2020
  3. Turveyd

    Turveyd


    I spotted that rule, so for the 25K account don't bother making more then 30% of the required profit in any day, which was $550, you've just got to get profit without putting in a new daily profit high to the daily high * 3.333 easy :)
     
    #263     Dec 17, 2020
  4. LCK2000

    LCK2000

    I don't know that it's "Crazyyyyyy" - they don't want people going for a home run then just coasting if the home run cashes. OneUp has a similar rule. TopStep doesn't, I see people posting in the facebook group doing exactly the above, day 1 they just hail mary it, if it hits, they coast.
     
    #264     Dec 20, 2020
  5. I think we should start a pool as to when this company goes under. By the non-stop sales, you would think they make their money from churn!
     
    #265     Jan 1, 2021
  6. Turveyd

    Turveyd

    What I didn't realise is, no free Reset like TST, so it sounds like a cheap way to get funded, but it's $95 monthly subscription and the Gauntlet runs seperately and didn't auto reset extra $100 charge when ever you want a reset, so $195 per month ouch!!

    Expanse Watcher ??
     
    #266     Jan 1, 2021
  7. DevBru

    DevBru

    Free reset? Since when? Resets at TST used to be and i think still are $99. Unless when there is a sale every now and then, then they sometimes do offer a free reset, last sale was $170 for $30K combine and 1 reset. Now that would cost you $249, $150 for the combine and $99 for a reset.
     
    #267     Jan 1, 2021
    Turveyd likes this.
  8. Turveyd

    Turveyd

    I read TST's and they said free monthly reset, maybe it's just the first reset and they word it such that you kinda hope it's going to be just 1 monthly payment.

    So still cheaper than TST damn it.

    Kinda expected it to be a $95 per month 25K Deal, but can reset for $100 if you don't want to wait for the end of the month.

    Better Qualify this month, I'll stick to just my account if not, already paid the $95 monthly so didn't want to waste that.
     
    #268     Jan 1, 2021
  9. LCK2000

    LCK2000

    A few months ago they made a change, where when it comes time for your monthly billing, IF your account is below the starting point, and/or you busted, so say $150K combine and your balance is $148,500, they'll reset it to $150K. Or likewise if you busted, if you wait until your rebill day you get a new account. So it's not a free reset to use at will per se. In the past they would just rebill you for the next month and well, good luck.
     
    #269     Jan 1, 2021
  10. DevBru

    DevBru

    Is there any documentation on this?
     
    #270     Jan 1, 2021