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.
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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.
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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.
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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?
