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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)

  #561 (permalink)
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
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Flash Gordon View Post
Yes, you must keep enough cushion in the account to trade the full clip. Yes, you are trading with your own profits. Yes, If you draw your 150k account down to say $152k, you are only 2k away from loosing your account. If you stay with E2T or go on to trading in your own private account is a personal choice each trader has to make. As of this date E2T allows multiple accounts (see website). They are only one of two company’s that I know that after passing will put you trading “real live and funded” to the actual exchanges (not sim).

Correct. And this is very important, IMO.

As for multiple accounts - I was under the impression that they offer multiple accounts for the try-out, but only one account as a funded trader?


Quoting 
You can easily pass the E2T 150K g-mini with just 4 contracts.

Fully agree. Low leverage on the higher account size is the way to go if you want to have a chance.


Quoting 
But if your not, if you can’t pass the Guantlet-Mini, then you’ll also never make it trading on you own.

Agreed.

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  #562 (permalink)
Flash Gordon
Burlington, North, Carolina/USA
 
Posts: 19 since May 2019
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Howard Roark View Post
Correct. And this is very important, IMO.

As for multiple accounts - I was under the impression that they offer multiple accounts for the try-out, but only one account as a funded trader?



Fully agree. Low leverage on the higher account size is the way to go if you want to have a chance.



Agreed.

Q: As for multiple accounts - I was under the impression that they offer multiple accounts for the try-out, but only one account as a funded trader?

A: Earn2Trade now allows multiple to the market accounts. Just use a different email for each one, an they by magic will place them all under a single login.. Good Luck

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  #563 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
Site Moderator
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
Posts: 1,525 since Sep 2011
Thanks Given: 2,067
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Flash Gordon View Post
Q: As for multiple accounts - I was under the impression that they offer multiple accounts for the try-out, but only one account as a funded trader?

A: Earn2Trade now allows multiple to the market accounts. Just use a different email for each one, an they by magic will place them all under a single login.. Good Luck

Correct, but if you're already funded you can start a 2nd evaluation (and eventually get a 2nd funded account) with the same Email address.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #564 (permalink)
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529


Flash Gordon View Post
Q: As for multiple accounts - I was under the impression that they offer multiple accounts for the try-out, but only one account as a funded trader?

A: Earn2Trade now allows multiple to the market accounts. Just use a different email for each one, an they by magic will place them all under a single login.. Good Luck

Thank you.

I don't think I'll be doing any programs with E2T in 2022, but that's good to know. It seems like it's the best get-funded program currently, but I think I'm better off trading my own money.

  #565 (permalink)
 
Chippstrader's Avatar
 Chippstrader 
Randolph+NJ/US
Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
Posts: 2,050 since Jan 2015
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Question about scaling and Maintaining Consistency.

This is something I don't get and may need to put a thought to it. Just a thought.

Everyday markets are not doing the same thing, how can a trader do the same trading?

If Trending, A trader would like to use more lots and may even hit the targets (Outperform) on these days. on Sideways markets, A trader can limit the scaling and may use very minimum profit targets.

How this will maintain consistency? I understand the trader has 15 trading days.

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  #566 (permalink)
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529


chipps1983 View Post
Question about scaling and Maintaining Consistency.

This is something I don't get and may need to put a thought to it. Just a thought.

Everyday markets are not doing the same thing, how can a trader do the same trading?

If Trending, A trader would like to use more lots and may even hit the targets (Outperform) on these days. on Sideways markets, A trader can limit the scaling and may use very minimum profit targets.

How this will maintain consistency? I understand the trader has 15 trading days.

I think the purpose of this rule is to weed out traders who simply got lucky on one single day and make sure there's some consistency in your results.

If not, you could in theory luck out on Day 1 or any other day and do nothing for the rest of the program.

It may seem like a silly rule, but I understand the reason behind it.

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  #567 (permalink)
 
Earn2Trade's Avatar
 Earn2Trade 
 
Posts: 201 since Jul 2018
Thanks Given: 9
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chipps1983 View Post
Question about scaling and Maintaining Consistency.

This is something I don't get and may need to put a thought to it. Just a thought.

Everyday markets are not doing the same thing, how can a trader do the same trading?

If Trending, A trader would like to use more lots and may even hit the targets (Outperform) on these days. on Sideways markets, A trader can limit the scaling and may use very minimum profit targets.

How this will maintain consistency? I understand the trader has 15 trading days.

Hello chipps1983,

The Consistency Rule does not ask traders to do the same every day. It is meant to filter out people who take huge risks to make the profits in a single day and coast with quick 1 tick trades for the rest of the evaluation period. Those traders tend to go all in on day one on live accounts as well.

Earn2Trade
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  #568 (permalink)
 SawDr 
Washington, DC
 
Experience: Intermediate
Platform: Ninja and TOS
Broker: Ninja
Trading: CL, ES
Posts: 100 since Dec 2009
Thanks Given: 114
Thanks Received: 62

Why do you charge the same commission for Micros as you do Emini's during the evaluation? That rate is 3-5 times what a broker would charge for Micros.

  #569 (permalink)
k7ler
CONSTANTINE/ALGERIA (DZ)
 
Posts: 50 since Aug 2015
Thanks Given: 146
Thanks Received: 7

HELLO

A want to see if there this any update future about if you eurex data provide support challange ??? and why you have remove eurex exchange ?? also there micro contract now with low margin can support many trader time zone thanx you

  #570 (permalink)
 
Earn2Trade's Avatar
 Earn2Trade 
 
Posts: 201 since Jul 2018
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SawDr View Post
Why do you charge the same commission for Micros as you do Emini's during the evaluation? That rate is 3-5 times what a broker would charge for Micros.

Hello Sawdr,

Our default commissions are $2.02 per side, this is not a random number, but an average. For some traders who trade more expensive than average assets, this is in fact very useful, and they prefer to maintain default commissions. In addition to that, we offer live commissions, for some assets the cost is lower.

If you trade MES for instance, the cost with Live Commissions would be $0.83 per side. If you would like to have this rate, please contact our support team on a live chat or to our email: [email protected]

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