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My Gauntlet journal
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Created: by RDK91 Attachments:0

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My Gauntlet journal

  #11 (permalink)
Atlanta
 
Trading Experience: Intermediate
Platform: TT Desktop
Favorite Futures: ZF, ZN, ZB, ES
 
Posts: 85 since Jan 2017
Thanks: 24 given, 31 received

I'm still on the fence with these programs. I'm still not sure what is the value over trading SIM yourself, sticking to your risk rules, and then over weeks/months storing away money to trade on your own. Out of all the companies, The Gauntlet program does seem the best, has the greatest level of transparency, the second is one up, then TST.

Trade well.

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  #12 (permalink)
Toronto ON Canada
 
Trading Experience: Intermediate
Platform: MT4, Rithmic , Ninja
Favorite Futures: ES, NQ
 
Posts: 7 since Nov 2016
Thanks: 206 given, 6 received

For my situation, I need the funding.

I can and have traded smaller accounts and am able to keep emotions in check and proper risk management and obey stops etc. but you can only build a 3 figure account so fast trading CFD's, and who knows how long the offshore "brokers" will be in the game.
The rules and putting money down ($350) can be useful to hold traders "accountable", who need that in the back of their mind "hey it's not just random demo".

Great to see some people making use of this opportunity.



MichaelFlowTrader View Post
I'm still on the fence with these programs. I'm still not sure what is the value over trading SIM yourself, sticking to your risk rules, and then over weeks/months storing away money to trade on your own. Out of all the companies, The Gauntlet program does seem the best, has the greatest level of transparency, the second is one up, then TST.

Trade well.


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  #13 (permalink)
Antwerp
 
Trading Experience: Advanced
Platform: Rithmic Pro
Favorite Futures: NQ, ES
 
Posts: 395 since Jun 2016
Thanks: 101 given, 703 received



1481 View Post
Great thread...thanks sharing.
Are you paying any data fees using Rithmic for your gauntlet?
What do they set the commissions as?

The commission during the Gauntlet is $2,22/side as default.

https://help.earn2trade.com/the-gauntlet/what-is-the-commission-on-the-gauntlet

No exchange data fees (free access to 4 exchanges, if you are a professional you get 1 exchange for free).
Once funded the exchange fees will be held from the funds in the trading account so no need to pay exchange fees up front.

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  #14 (permalink)
Toronto ON Canada
 
Trading Experience: Intermediate
Platform: MT4, Rithmic , Ninja
Favorite Futures: ES, NQ
 
Posts: 7 since Nov 2016
Thanks: 206 given, 6 received

Great, thanks RDK91...good luck next week!!

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  #15 (permalink)
Market Wizard
Quebec
 
Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,852 since Oct 2009
Thanks: 3,417 given, 4,853 received


RDK91 View Post
...
The rules i will give myself is a maximum daily loss of 2000$ and a maximum total loss of 10.000$.
This is worst case scenario and under normal conditions i will never reach those numbers.
...

How is this possible when "The maximum drawdown ranges from 10%-25%" as per their rules?

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  #16 (permalink)
Antwerp
 
Trading Experience: Advanced
Platform: Rithmic Pro
Favorite Futures: NQ, ES
 
Posts: 395 since Jun 2016
Thanks: 101 given, 703 received


trendisyourfriend View Post
How is this possible when "The maximum drawdown ranges from 10%-25%" as per their rules?

They changed the rules after i started my Gauntlet, so i can still trade the Gauntlet with my own rules.
However since i have removed the NQ from my trading instruments i can stay well within their new draw down rules.


Last edited by RDK91; October 21st, 2018 at 09:28 AM.
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  #17 (permalink)
Atlanta
 
Trading Experience: Intermediate
Platform: TT Desktop
Favorite Futures: ZF, ZN, ZB, ES
 
Posts: 85 since Jan 2017
Thanks: 24 given, 31 received

Could you try 50% of the allowed draw down? I think they care more about risk management than anything. All the funding threads I've read suggested going for a big account but trading it like a small account, especially when funded. I might give them a run.

Sent using the futures.io mobile app

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  #18 (permalink)
Antwerp
 
Trading Experience: Advanced
Platform: Rithmic Pro
Favorite Futures: NQ, ES
 
Posts: 395 since Jun 2016
Thanks: 101 given, 703 received


MichaelFlowTrader View Post
Could you try 50% of the allowed draw down? I think they care more about risk management than anything. All the funding threads I've read suggested going for a big account but trading it like a small account, especially when funded. I might give them a run.

Sent using the futures.io mobile app

What do you mean with "Could you try 50% of the allowed draw down?"

I have a system with good money management rules and i always follow them, i will never move my stop from the initial stop levels.
The NQ was just too volatile recently which caused some large PnL swings.

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  #19 (permalink)
Antwerp
 
Trading Experience: Advanced
Platform: Rithmic Pro
Favorite Futures: NQ, ES
 
Posts: 395 since Jun 2016
Thanks: 101 given, 703 received

No trades for me today.

There were some signals but i was busy with my son who is sick so i decided not to trade.

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  #20 (permalink)
Antwerp
 
Trading Experience: Advanced
Platform: Rithmic Pro
Favorite Futures: NQ, ES
 
Posts: 395 since Jun 2016
Thanks: 101 given, 703 received


I took some of the free time today to do some more research.

From now on i will only trade commodity futures, my research shows that these are more consistent in their daily range, less likely to have huge intraday swings/spikes or periods of abnormal volatility like the NQ.

To increase my diversification again i decided to add NG, this way i am back to 3 uncorrelated instruments and by doing so i can still trade when 1 or 2 instruments are in a tight range.

The trading system is exactly the same as from when i started. I have been optimizing my exit strategy however this is only possible from 3 contracts or more, since i am only trading 2 for the moment nothing will change for now.

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