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


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

  #31 (permalink)
Austin, TX
 
Experience: Advanced
Platform: Finamark, Sierra Chart
Trading: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 119 since Jul 2018
Thanks: 2 given, 186 received


remarka View Post
Hi
gauntlet = drawdown 2500, target 2500, 30 days, $349, split 80-20
Oneup = 2500, 3000, 15 days, $120, 100% first $5000
Why i choose gauntlet?

Key reason:

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.

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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The following 7 users say Thank You to Earn2Trade for this post:

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  #32 (permalink)
Washington, DC
 
Experience: Intermediate
Platform: Ninja and TOS
Broker: Ninja
Trading: CL, ES
 
Posts: 91 since Dec 2009
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Earn2Trade View Post
Dear Traders & Aspiring Traders,



3) 60 Calendar Day Evaluation Period with Mandatory 30 Trading Days and Minimum One Unique Trade Per Week
While this has not been an issue for most of our Intraday candidates, many of our Overnight candidates have been trading at a very limited, if negligible pace. In particular, we’ve had many cases of traders opening and closing the same position week after week, effectively holding the same position over an entire 60 days. While we don’t frown upon this trading style in theory, in practice it doesn’t provide our proprietary trading associates with enough information to effectively evaluate the candidate over the 60 day period.


We look forward to serving you and helping you on your journey to becoming a professional trader.

What is this "Minimum One Unique Trade Per Week"???

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  #33 (permalink)
Austin, TX
 
Experience: Advanced
Platform: Finamark, Sierra Chart
Trading: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 119 since Jul 2018
Thanks: 2 given, 186 received



SawDr View Post
What is this "Minimum One Unique Trade Per Week"???

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.

Ryan Masten
Earn2Trade | Founder
www.earn2trade.com
1-888-502-2260
Become a Professional Trader. Decisions That Can Change Your Life Forever.
Follow me on Twitter Visit my Facebook Reply With Quote
The following 2 users say Thank You to Earn2Trade for this post:
 
  #34 (permalink)
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
 
Posts: 88 since Nov 2012
Thanks: 71 given, 18 received

Is the 10 percent drawdown an end of day or end of week or live during the day?

Sent using the futures.io mobile app

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  #35 (permalink)
Austin, TX
 
Experience: Advanced
Platform: Finamark, Sierra Chart
Trading: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 119 since Jul 2018
Thanks: 2 given, 186 received


cshrum View Post
Is the 10 percent drawdown an end of day or end of week or live during the day?

Sent using the futures.io mobile app

The 10% max drawdown cannot be reached at any time. This means it includes open trade equity.

Ryan Masten
Earn2Trade | Founder
www.earn2trade.com
1-888-502-2260
Become a Professional Trader. Decisions That Can Change Your Life Forever.
Follow me on Twitter Visit my Facebook Reply With Quote
 
  #36 (permalink)
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
 
Posts: 88 since Nov 2012
Thanks: 71 given, 18 received

Any changes been made to the income being treated the same as if I were trading futures?

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  #37 (permalink)
Austin, TX
 
Experience: Advanced
Platform: Finamark, Sierra Chart
Trading: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 119 since Jul 2018
Thanks: 2 given, 186 received


cshrum View Post
Any changes been made to the income being treated the same as if I were trading futures?

Sent using the futures.io mobile app

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.

Ryan Masten
Earn2Trade | Founder
www.earn2trade.com
1-888-502-2260
Become a Professional Trader. Decisions That Can Change Your Life Forever.
Follow me on Twitter Visit my Facebook Reply With Quote
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  #38 (permalink)
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
 
Posts: 88 since Nov 2012
Thanks: 71 given, 18 received

Have you known anyone to get the full 25k 80/20 offer?

Sent using the futures.io mobile app

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  #39 (permalink)
Atlanta
 
 
Posts: 115 since Jan 2017
Thanks: 34 given, 57 received

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?



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  #40 (permalink)
Austin, TX
 
Experience: Advanced
Platform: Finamark, Sierra Chart
Trading: ES, CL, GC, NQ
 
Earn2Trade's Avatar
 
Posts: 119 since Jul 2018
Thanks: 2 given, 186 received



MichaelFlowTrader View Post
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?



Sent using the futures.io mobile app

You absolutely can! Just describe the different plans you may deploy when you submit.

Both Earn2Trade and Helios use exchange maintenance margin, no intraday margin. Your max trade size is determined by this.

Ryan Masten
Earn2Trade | Founder
www.earn2trade.com
1-888-502-2260
Become a Professional Trader. Decisions That Can Change Your Life Forever.
Follow me on Twitter Visit my Facebook Reply With Quote
The following user says Thank You to Earn2Trade for this post:



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