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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)


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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)

  #31 (permalink)
 
Earn2Trade's Avatar
 Earn2Trade 
 
Posts: 201 since Jul 2018
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remarka View Post
Hi
gauntlet = drawdown 2500, target 2500, 30 days, $349, split 80-20
Oneup = 2500, 3000, 15 days, $120, 100% first $5000
Why i choose gauntlet?

Key reason:

1) Depending on what you trade, you can trade a lot more than our competitors in the Gauntlet™.
2) No trailing drawdown.
3) No daily loss limit.
4) Others aren't ONLY 15 days, it's a minimum of 15 days. It could take you a few months, just depends on your trading.
5) No restrictions on trade times.
6) Real prop firm. Traders become limited member owners of the prop firm, not contractors.
7) Trade any CME product, not just certain "permitted" ones.
8) No current rules about "consistency".
9) No scaling targets on funded. For instance, on the competitor you mentioned, if you get that $50k account, you can still only trade 2 contracts from the go until you profit $1500.

Earn2Trade
www.earn2trade.com
Become a Professional Trader. Decisions That Can Change Your Life Forever.
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  #32 (permalink)
 SawDr 
Washington, DC
 
Experience: Intermediate
Platform: Ninja and TOS
Broker: Ninja
Trading: CL, ES
Posts: 100 since Dec 2009
Thanks Given: 114
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Earn2Trade View Post
Dear Traders & Aspiring Traders,



3) 60 Calendar Day Evaluation Period with Mandatory 30 Trading Days and Minimum One Unique Trade Per Week
While this has not been an issue for most of our Intraday candidates, many of our Overnight candidates have been trading at a very limited, if negligible pace. In particular, we’ve had many cases of traders opening and closing the same position week after week, effectively holding the same position over an entire 60 days. While we don’t frown upon this trading style in theory, in practice it doesn’t provide our proprietary trading associates with enough information to effectively evaluate the candidate over the 60 day period.


We look forward to serving you and helping you on your journey to becoming a professional trader.

What is this "Minimum One Unique Trade Per Week"???

  #33 (permalink)
 
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 Earn2Trade 
 
Posts: 201 since Jul 2018
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SawDr View Post
What is this "Minimum One Unique Trade Per Week"???

We used to say just "minimum one trade per week", however, some people were trying to get around this by simply taking one trade and then closing and reopening that same trade each week, effectively just caring the same trade through the entire gauntlet. This Gauntlet structure is not meant for long swing trades like that. It's simply not enough performance data for Helios to analyze and make an offer. Due to this, we've just changed the rule so it must be a unique trade. By unique trade we mean that it can just be an open and close of the same position and asset each week. It must be an actual unique trade.

If anyone carries positions overnight and has a question or concern about this particular rule, email us or chat us on our website. We are more than happy to listen to how you trade and see if there would be any issues with it.

Earn2Trade
www.earn2trade.com
Become a Professional Trader. Decisions That Can Change Your Life Forever.
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  #34 (permalink)
 cshrum 
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
Posts: 107 since Nov 2012
Thanks Given: 85
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Is the 10 percent drawdown an end of day or end of week or live during the day?

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  #35 (permalink)
 
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 Earn2Trade 
 
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cshrum View Post
Is the 10 percent drawdown an end of day or end of week or live during the day?

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The 10% max drawdown cannot be reached at any time. This means it includes open trade equity.

Earn2Trade
www.earn2trade.com
Become a Professional Trader. Decisions That Can Change Your Life Forever.
Follow me on Twitter
  #36 (permalink)
 cshrum 
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
Posts: 107 since Nov 2012
Thanks Given: 85
Thanks Received: 22

Any changes been made to the income being treated the same as if I were trading futures?

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  #37 (permalink)
 
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 Earn2Trade 
 
Posts: 201 since Jul 2018
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cshrum View Post
Any changes been made to the income being treated the same as if I were trading futures?

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No, since you're a member of the LLC, generally the profits would be passed to you on the K1 as 60/40 capital gains. The one time this would be different is if you made profits, withdrew profits, and then proceeded to lose more than you ever made. In this instance, since you're technically net negative, the profits the prop firm paid to you would be considered ordinary income. So as long as you end the year net positive, profits you take should be considered 60/40 cap gains.

Earn2Trade
www.earn2trade.com
Become a Professional Trader. Decisions That Can Change Your Life Forever.
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  #38 (permalink)
 cshrum 
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
Posts: 107 since Nov 2012
Thanks Given: 85
Thanks Received: 22

Have you known anyone to get the full 25k 80/20 offer?

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  #39 (permalink)
MichaelFlowTrader
Atlanta
 
Posts: 152 since Jan 2017
Thanks Given: 43
Thanks Received: 120

Can we have multiple trading plans in one Gauntlet?

For example, I am a scalper and I have multiple strategies based on context and market conditions. I also have intraday position hold strategies that use entries that do not happen that often, maybe once or twice a week.

Is it possible to write up a detailed plan with both base strategies, my risk management, the context around when I trade.

What are the amount of size we can trade in the Gauntlet and live on the 10k and 25k?



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  #40 (permalink)
 
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 Earn2Trade 
 
Posts: 201 since Jul 2018
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MichaelFlowTrader View Post
Can we have multiple trading plans in one Gauntlet?

For example, I am a scalper and I have multiple strategies based on context and market conditions. I also have intraday position hold strategies that use entries that do not happen that often, maybe once or twice a week.

Is it possible to write up a detailed plan with both base strategies, my risk management, the context around when I trade.

What are the amount of size we can trade in the Gauntlet and live on the 10k and 25k?



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You absolutely can! Just describe the different plans you may deploy when you submit.

Both Earn2Trade and Helios use exchange maintenance margin, no intraday margin. Your max trade size is determined by this.

Earn2Trade
www.earn2trade.com
Become a Professional Trader. Decisions That Can Change Your Life Forever.
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