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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)
All traders have some insecurity when it comes to their performance. Join Chris Gray, Lead Education Coordinator with Earn2Trade, to discover a solid process of healthy self-assessment, and develop psychologically positive habits in order to bring a more grounded approach to trading.
- The process of moving beyond the ego
- Self-Analysis
- Handling the crossroad
- Paths to mental hardening and success
#Evaluation, #TradingAssessment, #Success
Sponsored by: Earn2Trade
Earn2Trade is a Futures Trading education and evaluation company looking to fill a market gap in the futures trading industry.
While there were already several trading education companies on the market and a few firms with funded trading programs, we aimed to bring the two together in one place and do it better than anyone else.
Our goal is to offer an opportunity for futures traders and aspiring futures traders who know how to trade (or are interested in learning) but lack the capital to enter the market by themselves. We bring these traders together with proprietary trading firms willing to fund them if they can prove their skills. That’s our reason for creating our evaluation program, The Gauntlet Mini™.
The Gauntlet Mini™ is an intraday futures trading exam that guarantees a funding offer for a live trading account by our proprietary trading firm partner on successful completion. The program works on a paid subscription basis until the candidate meets the passing requirements without breaking the rules or until they cancel their plan.
Webinar Recording:
About Chris Gray:
Christopher Gray is a trading mentor and the Lead Education Coordinator at Earn2Trade. He graduated from Indian River State College with an A.S. in Finance and received a B.S. in Information systems management from Florida Atlantic University.
Chris is also a full-time professional trader with both his Series 3 (National Commodities Futures Examination) and Series 34 (Retail Off-Exchange Forex Examination) licenses. He owned and operated one of the most popular online Forex trading rooms and has been an active Futures, Forex, and Options trader for over 15 years. His trading style is firmly rooted in price action using candlestick charts. He analyzes the big picture by comparing several timeframes to execute an average of 2-5 trades a day.
Chris started writing financial articles for Futures, Forex, and Options traders back in 2010 and has contributed numerous lessons and videos to Earn2Trade's educational programs. Besides producing educational material, he also coaches traders from a beginner to a professional level.
Christopher Gray is a professional trader and a mentor at Earn2Trade, coaching traders from a beginner to a professional level
Earn2Trade is a Futures trading education and evaluation company, bringing traders together with prop firms willing to fund them.
Ah man that's my pet peeve too! Good catch! Hand slap.
I really dont think people are too hard on these companies.
Objectively they dont really add value except maybe being a sponsor.
Their answers to direct questions are always canned political answers designed to minimize and deflect.
"I'm sorry that was your experience." Align with them.
"We pride ourselves in being transparent". Unprovable statement.
"We appreciate your feedback and look to continue improve our service". Meaningless and hollow accolades to themselves.
I have asked for the value added proposition from people. The only thing that made sense was "exposure".
But even on those grounds the rules aren't set up to accommodate successful traders they are to minimize the chance of anyone actually getting through and at the same time incentivizing them to stay on board.
THINK ABOUT THIS. If they TRULY wanted to help traders why wouldn't they offer very inexpensive trading and support on sim and graduate them as they scale up then move them to the smallest live account and build up and profit share? Most wouldn't ever deserve the attention but those that do could be rewarded.
That would NEVER happen. Because that's not their business model.
Hey payday loan companies are massive business... luckily they are regulated or else companies would do whatever was best for themselves regardless of their customers best interests.
Well, you saved me the trouble of making this exact comment.
While it is both generally accepted and very common for people in all areas of life to make comments about things they don't know much about, I think it is better to try to limit this as much as possible.
I'm not saying anything about whether you are right or wrong. Just that you might think about what you know first-hand and what you don't. I have no stake in Earn2Trade or any of these companies, and don't care if anyone uses them or not. (Although I am a little pissed about the comment that it is useful to FIO as a sponsor, as if we pushed things to the membership for the sponsor money. Think about whether that is your opinion about futures.io.)
The internet loves a good negative pile-on, warranted or not. It's fun and it costs nothing and it makes the pilers feel good.
I personally think there are other options for new traders, such as trading their own real money in the micros, that in many cases will make more sense for them. They will lose money anyway, probably more than the fees for these companies (pretty much certainly, actually), but the live trading experience is worth a lot. But if someone understands the rules and decides to put up the fee and agrees to abide by the conditions, then it's their business and their decision. It's not an ufair ripoff if they don't become instant trading successes. And they're not simply getting ripped off just because it cost them something. Maybe they should just try something else, not blame others for their trading.
But my opinion doesn't matter that much either. I am just against generalized refusals to be responsible.
Yes, I have tried one of these companies, not this one, and have no complaints that I did not trade it very well. It was more an eye-opener than anything else, and I was not being teken advantage of. I just couldn't trade, which was important to know at some point . When you recognize something needs to be fixed, sometimes you will go and fix it.
If someone has had a negative experience with any of these companies, that is their experience and not something for me to try to judge. I'm just making a comment about the negative pile-on. I also hope that new traders understand that money is going to be lost when they go into trading, no matter how they do it, and that it is best understood as a tuition cost that is going to be paid, one way or another. Some people will decide the tuition is not worth it, which is their decision too.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Well I can't really say much as I have not. What I can say is I will listen but I'd imagine it's a clever sales pitch wrapped in infotainment.
Alot of the content will be based on tried and true concepts in trading but the difference is the emphasis is the tools and structure THEY provide to ease the trading burden. And not at all how hard trading actually is.
I've eatin my my words on many occasions and even WANT to try one.
I actually choose E2T then backed out last minute. Still too concerning. Too many red flags.
This is where I agree but disagree as who decides who knows what is true. I very much welcome challenge to my thoughts but I have to express them to have them challenged. And a CIVIL discussion is the best thing for that.
bobwest you ARE the epitimy of PC but that's not me.
I DO try to challenge my own thinking as much as I can! But as you can see from my posts I am very much NOT PC.
I try to be but I'm just as likely to exaggerate the the good as the bad. I'll say "that's the BEST book I've ever read in my life!" Then turn around and say that about a different book the next day!
That's my personality but the one thing I'm not is closed off to ideas and other points of view.
Just because I am asking for clarification on these companies doesn't mean I want marketing and told it's good for me. They are not ALL bad or ALL good. I'm looking for the truth so I can decide for myself.
FIO is the best community I'VE EVER BEEN IN (there I go again) and it is filled with great people and the moderators do their job very, very well. Having said that, yes I do get the feeling from empirical findings that FIO does PUSH their sponsors. What about this webinar?
But it's a win/win/win right?
Well what if I would have been better of never coming across this post and listening to the webinar (which my ignorance says is probably a slick presentation based on some confident guy showing you how his software will benefit you and using, foundational trading principles dressed in clever clothing to make it seem like it's just so easy) and joining!
My own fault. Right? Right!
Yeup nothing feels as good as self righteousness. In whatever form that comes in!
My issue is with people who build a business designed to squeeze novices out of whatever they can and INCENTIVIZE them to keep going.
Sure they are going to loose their money anyway but not under such ridiculous constraints.
These constraints are not going to help you from failing but they might guarantee failure.
Me to bobwest... me too.
I think I would BENEFIT GREATLY from one of these for the same reasons you stated.
I have been trading long enough and if I can't keep my emotions in tact I will NEVER make it anyway! That is me and that is my issue.
I actually went to sign up for E2T and still want to for the very reason it's my money management I KNOW but let I get out of hand.
I love the idea of a hundred dollar "reset". I love the whole IDEA of the combine. And the whole setup.
BUT in reality there are some things they really dont make clear. Like the max trailing drawdown is based on the MFE!
So if your max trailing drawdown is $2000 and you have an open profit go to positive $1000 then back to breakeven where to exit. Your MAX trailing stop is now only $1000!!!! Even though you only broke even!(Even that example probably broke some other rules).
Sure you would say you LET $1000 in profit go? Why would it be like that? Because you get PUNISHED on every trade that's why.
They would also say it's ALL in the FAQ (I'd say the fine print).
They are extremely loud when it comes to telling you how easy it is "TO GET FUNDED AS LITTLE AS 15 DAYS" as if on the 16th day you'll be trading with the full amount. Yes they do make it SOUND like that and I call BS but a newbie?
I think it's about them being able to make AN INFORMED DECISION. I dont think you would argue with that but for some reason we see things differently? Maybe not.
I agree if you fail it's your own fault. It's also just one history. Just like trading. Maybe if you tried again you'd do great maybe not. That's not my issue at all.
People can be as mad as they want if they keep loosing because they are not good enough but that's NOT what I'm talking about.
I do not mean anything personal or disrespectful in the least bit. I sound rude sometimes as I read it back but that's me. It's not meant to mean anything beyond the words themselves.
With the utmost respect bobwest and sorry for the length.
Christopher Gray is a professional trader and a mentor at Earn2Trade, coaching traders from a beginner to a professional level
Earn2Trade is a Futures trading education and evaluation company, bringing traders together with prop firms willing to fund them.
. When you recognize something needs to be fixed, sometimes you will go and fix it.
