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Earn2Trade - Ryan Masten (Founder) - Ask Me Anything (AMA)
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Earn2Trade - Ryan Masten (Founder) - Ask Me Anything (AMA)

  #101 (permalink)
Austin, TX
 
Trading Experience: Advanced
Platform: Finamark, Sierra Chart
Favorite Futures: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 55 since Jul 2018
Thanks: 1 given, 128 received


MichaelFlowTrader View Post
(1) What is our max contract size on the 25k account and the 10k?

(2) Is Finamark a Tradovate skin/white label?

Sent using the futures.io mobile app

Hello!

1) Depends on what you are trading. You would be tied to the exchange maintenance margin. So whatever you can trade with that margin and your balance.

2) No it's not Tradovate. It's a new platform that will be released to retail soon, for now it's only available to Earn2Trade customers.

Ryan Masten
Earn2Trade | Founder
www.earn2trade.com
1-888-502-2260
Become a Professional Trader. Decisions That Can Change Your Life Forever.
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  #102 (permalink)
London UK
 
Trading Experience: Advanced
Platform: Not disclosed
Favorite Futures: Not disclosed
 
Posts: 36 since Jul 2013
Thanks: 2 given, 15 received

@Earn2Trade
Regarding the Gauntlet - what is your policy on copying the trades of one trader in another person's account, for instance, a family member's account? Will both accounts get the same offer after completing the Gauntlet?

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  #103 (permalink)
Austin, TX
 
Trading Experience: Advanced
Platform: Finamark, Sierra Chart
Favorite Futures: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 55 since Jul 2018
Thanks: 1 given, 128 received



Sheen View Post
@Earn2Trade
Regarding the Gauntlet - what is your policy on copying the trades of one trader in another person's account, for instance, a family member's account? Will both accounts get the same offer after completing the Gauntlet?

Hey! We don't have any strict policies against trade copying, using algorithms or whatever legal tools enable you to trade profitably. Regarding the offers, if the trading plans were the same, and the trades executed were exactly the same, there is no reason to believe the offer wouldn't be the same as well.

Ryan Masten
Earn2Trade | Founder
www.earn2trade.com
1-888-502-2260
Become a Professional Trader. Decisions That Can Change Your Life Forever.
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  #104 (permalink)
New York City, USA
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, CL, 6E
 
futurestrader1's Avatar
 
Posts: 149 since Jun 2010
Thanks: 81 given, 42 received

experience

My experience with the Gauntlet and company was not good, it only seemed good when I was asking questions before I paid them.

First of all the one good part was getting a discount code as an elite member here, but still remains THE HIGHEST PRICED funded simulator trial company.

Their provided simulator platform (Finamark) is absolutely horrible. I had to use it a few times due to other platform issues and it was atrocious especially since it caused my final stop out trade that slipped me +1 tick outside of my loss limit and they would not do a reset at the discount price. I was wanting to reset it earlier before my last trade but there was no direct link or button to it on their website. And so, by failing to notify them (in writing) for a half-price reset.They said I'd have to pay the full $349 price. This really felt like greedy behavior for them to collect extra money . I mean seriously, what is the difference...it's the same "reset" on their end! They really want your money. I see that my elite members code doesn't work anymore for trying it out again by the way.

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  #105 (permalink)
Austin, TX
 
Trading Experience: Advanced
Platform: Finamark, Sierra Chart
Favorite Futures: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 55 since Jul 2018
Thanks: 1 given, 128 received


futurestrader1 View Post
My experience with the Gauntlet and company was not good, it only seemed good when I was asking questions before I paid them.

First of all the one good part was getting a discount code as an elite member here, but still remains THE HIGHEST PRICED funded simulator trial company.

Their provided simulator platform (Finamark) is absolutely horrible. I had to use it a few times due to other platform issues and it was atrocious especially since it caused my final stop out trade that slipped me +1 tick outside of my loss limit and they would not do a reset at the discount price. I was wanting to reset it earlier before my last trade but there was no direct link or button to it on their website. And so, by failing to notify them (in writing) for a half-price reset.They said I'd have to pay the full $349 price. This really felt like greedy behavior for them to collect extra money . I mean seriously, what is the difference...it's the same "reset" on their end! They really want your money. I see that my elite members code doesn't work anymore for trying it out again by the way.

Hello,

Thank you for taking the time to give everyone your feedback about the experience you had with us. We're sorry you had a bad experience with the Gauntlet and using the Finamark program, and we're sorry that it led you to such conclusions about our company.

We went through your customer support chats and they honestly looked very good. It seemed that you wanted to try many different platforms, and we were happy to help out wherever we could. I can see you were set on Multicharts and we were actually on the way to helping you with the workaround when you told us instead you had settled on Finamark.

We actually didn't have any further interaction with you until your account dipped below the 10% drawdown threshold. You wanted to reset your account but you had already dipped below the drawdown requirement. You never argued at that time that Finamark was responsible for your slippage, but now you attribute this "slippage" to the Finamark platform. However, the Finamark platform doesn't control slippage and it was not responsible for your trading going +1 tick outside of your loss limit.

It's true that we only offer resets if you request one before getting stopped out by one of our two rules. The reset price and rules are listed on our site; they are not hidden. Regardless, you didn't ask for a discount at the reset price. You asked for 50% off of your Futures.io discount price which would've been $130.88. That was difficult for us to provide you because our company also has costs to cover. And yes, Earn2Trade does make money on examination fees, and its education material and that is the business model of Earn2Trade. Helios makes money on recruiting excellent traders. This is how the business works, we don't think it's greedy and we're not ashamed of the way we try to make money by providing candidates with a great opportunity to get funded.

The vast majority of Gauntlet examinations are spread over three calendar months. Rithmic charges $25.00/month for the platform and the exchange fees are $5.00/month for each one you choose. These costs are covered inside of your Gauntlet examination price. Even if you choose two exchanges per month, that would come out to $105.00 over the three month period. Those are just platform and data costs and don't take into consideration any of the additional overhead costs required to run the company, which are substantial.

I saw in the chat that we told you that you were welcome to have the Elite Member discount again, but you rejected that. If you tried to use your original code after the rejection it was because your original code is a one time use code. If you had asked us for a new code we would've been happy to provide one to you.

If you would like to take the Gauntlet again, we are more than happy to provide you with a new discount code.

Ryan Masten
Earn2Trade | Founder
www.earn2trade.com
1-888-502-2260
Become a Professional Trader. Decisions That Can Change Your Life Forever.

Last edited by Earn2Trade; March 13th, 2019 at 03:35 PM.
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  #106 (permalink)
London UK
 
Trading Experience: Advanced
Platform: Not disclosed
Favorite Futures: Not disclosed
 
Posts: 36 since Jul 2013
Thanks: 2 given, 15 received

@Earn2Trade

Hi Ryan,

I do not want to dig too deeply into your other business's affairs but can you say in general terms if MastenLojko CTA is in financial difficulty due to an outflux of investors? Has your AUM really gone down to $0 in January?

More importantly, is Helios Trading Partners' financial position still good enough to provide capital for new traders recruited through Earn2Trade? Do you consider this business model viable for the foreseeable future?


You can just say - "no comment". I am just concerned if someone passes the Gauntlet and then they might be told they are not funded due to lack of capital on Helios's part.

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  #107 (permalink)
Austin, TX
 
Trading Experience: Advanced
Platform: Finamark, Sierra Chart
Favorite Futures: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 55 since Jul 2018
Thanks: 1 given, 128 received


Sheen View Post
@Earn2Trade

Hi Ryan,

I do not want to dig too deeply into your other business's affairs but can you say in general terms if MastenLojko CTA is in financial difficulty due to an outflux of investors? Has your AUM really gone down to $0 in January?

More importantly, is Helios Trading Partners' financial position still good enough to provide capital for new traders recruited through Earn2Trade? Do you consider this business model viable for the foreseeable future?


You can just say - "no comment". I am just concerned if someone passes the Gauntlet and then they might be told they are not funded due to lack of capital on Helios's part.

Hey Sheen,

My CTA is a team of two. Myself and my trading partner, who also happened to be the other Founder of Earn2Trade. Running a CTA is a tough business and it’s not even the trading aspect that’s the hard part. It’s raising (and keeping) assets. We are traders dedicated to managing the assets we have and never did any marketing or even attempted to raise capital. We had some close contacts who invested and some IB's who found us and started pitching us to their clients. We were lucky we even raised the money we did (almost $3M) being we had no performance history that could be published per the NFA. Most CTA’s won’t really be looked at until they have 3 years of performance. A large number of CTA’s and hedge funds had large assets last year pull, and some of the bigger hedge funds actually closed.

We started in September of 2017 and had an amazing first year and we've won several awards. Like most, last year was a bit slow but we feel we did amazingly well with our risk management and our program is still up from inception. Unfortunately, we don’t have client lock-in and people can pull at any time for any reason. Investors are quick to pull, especially those that are not seasoned investors who understand the ups and downs. We don’t require QEP investors, so we tend to get more investors who are quick to pull. Being new, we didn’t have a ton of clients yet, and thus if one or two heavy hitters pull it is a steep drop. With the way the market in general went last year, many of our clients got hit from other directions pretty hard and pulled their funds from the market for the time being. We have already begun getting AUM back which will be reported in March and we believe this will be a strong year for our CTA as we work towards the goal of having 3 years of history managing client funds.

Regarding Helios Trading Partners, Helios Trading Partners is a completely different company than MastenLojko with different partners involved. It has no financial issues supporting its traders and in fact, we've been having an absolutely stellar year. We 1000% believe in the viability of our business model.

Ryan Masten
Earn2Trade | Founder
www.earn2trade.com
1-888-502-2260
Become a Professional Trader. Decisions That Can Change Your Life Forever.

Last edited by Earn2Trade; March 20th, 2019 at 07:08 AM.
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  #108 (permalink)
London UK
 
Trading Experience: Advanced
Platform: Not disclosed
Favorite Futures: Not disclosed
 
Posts: 36 since Jul 2013
Thanks: 2 given, 15 received

@Earn2Trade

Ryan, thank you for such an exhaustive reply. I myself, ever since I got interested in trading, have always wanted to manage other people's money as to me it was a great business model: 2% of assets for peace of mind + 20% of profits as a reward for performance - great idea, right? Now I am older and wiser and realise it is not that simple. Hence, I can imagine how hard it is for you to find investors and I wish you all the best with that for the future.

Just one more thing - are the partners behind Helios Trading Partners completely unrelated to Earn2Trade? In other words, is Earn2Trade the only source of capital for Helios?

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  #109 (permalink)
Austin, TX
 
Trading Experience: Advanced
Platform: Finamark, Sierra Chart
Favorite Futures: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 55 since Jul 2018
Thanks: 1 given, 128 received


Sheen View Post
@Earn2Trade

Ryan, thank you for such an exhaustive reply. I myself, ever since I got interested in trading, have always wanted to manage other people's money as to me it was a great business model: 2% of assets for peace of mind + 20% of profits as a reward for performance - great idea, right? Now I am older and wiser and realise it is not that simple. Hence, I can imagine how hard it is for you to find investors and I wish you all the best with that for the future.

Just one more thing - are the partners behind Helios Trading Partners completely unrelated to Earn2Trade? In other words, is Earn2Trade the only source of capital for Helios?


The capital for Helios does not come from Earn2Trade, neither is it the source of funding for the prop firm.

Ryan Masten
Earn2Trade | Founder
www.earn2trade.com
1-888-502-2260
Become a Professional Trader. Decisions That Can Change Your Life Forever.
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  #110 (permalink)
Madrid Spain
 
Trading Experience: Intermediate
Platform: Ninjatrader, TOS
Favorite Futures: ES
 
Malthus's Avatar
 
Posts: 247 since Oct 2014
Thanks: 1,183 given, 700 received


@Earn2Trade

I have a question regarding the monthly withdrawal from Helios policy.

Since Helios withdraws 20%-40% of the money every month, in my opinion the growth of the account is harmed on the long run. It either forces the trader to also get their share (which returns the account to the start point every month and a bad streak could blow it) or never withdrawing money while Helios gets theirs, which doesn't seem fair.

Wouldn't be better in the long run if Helios only gets their share when the trader does like other companies? Or increase the withdrawal period to 3-6 months?

Even if one passes the Gauntlet, it would be like a new Gauntlet every month, since there is no buffer for bad streaks. Also the account will not grow and profits will remain low.

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