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Another break even day so far, a few nice moves but i have been unable to capture any of it.
I will probably call it a day here since i really hate it when the market is going nowhere .
So far i am up $5,04, i will keep an eye on the markets while doing some other stuff but probably no more trades for me unless i see some nice potential moves.
Can you help answer these questions from other members on NexusFi?
Another day wasted, ES has been in a 12 point range the entire session.
NQ had a few nice moves but nothing significant either.
I really do hope the volatility picks up again once i complete my Gauntlet and move on to the next stage.
These slow conditions in the beginning of my funded account really could hurt me, so far i have been lucky not to have a major losing day since it will take quite some time to recover with day's like these. It is getting a bit frustrating.
A few nice moves today so far, unfortunately i was down -$400 before i could capture a nice move so i could only make a small profit. Closed one trade early (buy at 7058,75) by mistake . This one could have made me some nice profits.
However after being down -$400 earlier today i am happy to end the day with a small profit.
I have to quit early today since i have other plans later this evening.
Total profit for today $155,6.
I am reviewing Combines and initially favoured TST, as E2T problems with NinjaTrader put me off. However, I reckon I can chart in NT8 and enter using an RTrader DOM, as I see the advantages in E2T.
One question, please (& apologies, I have not read the whole thread) : surely you have passed the evaluation process already in both time and profit ?
Yes, i have passed a Gauntlet earlier, however the results where not that great. I had a large draw down near the end of my Gauntlet because of some stupid mistakes and some other reasons.
Once i completed my Gauntlet i reevaluated the entire thing for myself and came with a conclusion on what went wrong and what i should do the next time to prevent these mistakes.
I contacted E2T with my own evaluation of my Gauntlet including my solutions and they agreed that i could have done better and my solutions looked promising so they offered me to retake the Gauntlet, free of charge, or accept the original offer i received.
As we all know by now i went for the new Gauntlet and it was the only right decision
Currently i am at 22,57% return (including today's first trade) with a draw down below 5%.
My second Gauntlet ends next week on Saturday and if i don't screw up between now and then i will most likely receive the highest offer !
Would be nice to see it wake up , but until then we just have to be picky and selective.... finding I’m using tighter stops (lower risk) and tighter exits (lower profit) in RTY.
RDK you are doing really well -- I have been a lurker here but you are at the verge of inspiring me to do a Gauntlet. Could not pass TST step 2 due to the multiple layers of loss limit (weekly limit was a real killer for me).
My concern for E2T is the unknown outcome after higher front cost and longer time. Their rules are not exactly spelled out like TST. Would you share your understanding that for traders who are gunning for the highest offer (80/20, 25k), what will need to be in the performance. I wish their website would list for example, in order to reach highest offer, you need to achieve these things 1, 2, 3...
Anyway, best luck to you for the rest of your Gauntlet!
E2T might take longer, however remember than with TST you have to hit the target twice in one month to prevent you from paying twice, once you go over the one month lengt with TST then E2T is the better option since you only have to make 3K in 60 day's.
The offer you receive will be based on calculations of the return vs max draw down etc.
I believe Ryan once posted on a forum that if you manage to have a risk:reward (draw down:return) of 1:1,5 or more you will most likely receive higher offers.
For example if you have a 3K return your draw down should be below 2K.
The better the risk:reward the higher the offer you will receive.
There are probably some other things they look at to decide which offer you will receive but i guess risk:reward is the most important one.
Only 1 trade for me today, i have been very careful picking a trade with all the ranges going on.
I might get in another one if momentum picks up later on but i do not expect that to happen.
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. This one could have made me some nice profits.
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. Could not pass TST step 2 due to the multiple layers of loss limit (weekly limit was a real killer for me).