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

 
Austin, TX
 
Trading Experience: Advanced
Platform: Finamark, Sierra Chart
Favorite Futures: ES, CL, GC, NQ
 
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Posts: 104 since Jul 2018
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cshrum View Post
Have you known anyone to get the full 25k 80/20 offer?

Sent using the futures.io mobile app

At this point, none. They have extended a 15k 80/20 offer with a large drawdown, but not a 25k one. Unfortunately the vast majority of people who have passed have had pretty bad risk:reward, actually most of them have a reverse ratio (more risk than reward). That's just not something that will earn the max offer right off the bat, they may gain it over time though.

This is not to say it's not possible, you just need to post up a good risk:reward and show that you really deserve the best initial offer.

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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Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
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Hi guys,

Our November Journal Challenge is about to begin, and is sponsored by Earn2Trade. One of the prizes is a free 60-day Gauntlet, which can be used towards earning a fully-funded trading account.

You can check out the main event thread here:
https://futures.io/feedback-announcements/45552-fio-journal-challenge-november-2018-edition-w-earn2trade.html

My goal with these events is to encourage journaling. It is my absolute belief that the more you journal, the more you improve your trading. I hope to see you participate!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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Amateur Trader
Hanover, Germany
 
Trading Experience: Beginner
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Favorite Futures: ES
 
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Posts: 1,705 since Apr 2014
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@Earn2Trade A question for you guys — I think about going for the Gauntlet right now. Assuming I submit a dedicated journal about it here for the contest would you be willing to refund the gauntlet fee in the unlikely event that I “win” the journal contest? Probably won’t skew my decision either way but nice to know in advance.

Cheers, ST.

 
 
Austin, TX
 
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Platform: Finamark, Sierra Chart
Favorite Futures: ES, CL, GC, NQ
 
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Posts: 104 since Jul 2018
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Scalpingtrader View Post
@Earn2Trade A question for you guys — I think about going for the Gauntlet right now. Assuming I submit a dedicated journal about it here for the contest would you be willing to refund the gauntlet fee in the unlikely event that I “win” the journal contest? Probably won’t skew my decision either way but nice to know in advance.

Cheers, ST.

Yes we absolutely can!

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
The following 2 users say Thank You to Earn2Trade for this post:
 
 
Amateur Trader
Hanover, Germany
 
Trading Experience: Beginner
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Earn2Trade View Post
Yes we absolutely can!

That's awesome! Another couple questions that I haven't seen an answer to:

1) Margin at Ninjatrader. I understand that the issue with OCO through Rithmic is that both orders are at the exchange, thus 2x overnight margin requirement per contract traded. Can you check/confirm that, if I use the "Market-if-touched" functionality with @NinjaTrader (holding the limit order locally until a market order is triggered to close the position) this margin multiplication does not take place? i.e. 1 contract long + sell stop market + sell limit (MIT) = 1x overnight margin.

2) looking at the live account - are the professional fees due once for the entire CME group or for each exchange individually? With non-professional there is individual & bundle options so I am unsure which applies here..

3) also live account ... is a review of the account & potential increase in leverage + drawdown limits contingent on retaining profits in the live account? This is one of the core reasons why TST & 1Up imho fail to be an attractive option for live trading, as you cannot get paid and grow your account at the same time. So from an opportunity standpoing no benefits compared to trading your own account (assuming you have 2-3k to spare).

I am sure there will be more questions over time, but for now that'll be it

Thanks a ton,
ST.

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Austin, TX
 
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Scalpingtrader View Post
That's awesome! Another couple questions that I haven't seen an answer to:

1) Margin at Ninjatrader. I understand that the issue with OCO through Rithmic is that both orders are at the exchange, thus 2x overnight margin requirement per contract traded. Can you check/confirm that, if I use the "Market-if-touched" functionality with @NinjaTrader (holding the limit order locally until a market order is triggered to close the position) this margin multiplication does not take place? i.e. 1 contract long + sell stop market + sell limit (MIT) = 1x overnight margin.

2) looking at the live account - are the professional fees due once for the entire CME group or for each exchange individually? With non-professional there is individual & bundle options so I am unsure which applies here..

3) also live account ... is a review of the account & potential increase in leverage + drawdown limits contingent on retaining profits in the live account? This is one of the core reasons why TST & 1Up imho fail to be an attractive option for live trading, as you cannot get paid and grow your account at the same time. So from an opportunity standpoint no benefits compared to trading your own account (assuming you have 2-3k to spare).

I am sure there will be more questions over time, but for now that'll be it

Thanks a ton,
ST.

1) You'd need to check with NT on this but from what I understand of how they work, an MIT order is held locally so I wouldn't think it would need extra margin. That said, please check with NT since it's their platform before you sign up! I don't want you to have the wrong info.

2) Each individually, there is no bundle on pro fees unfortunately. That said, don't forget that the fees come out of your account, not your pocket directly.

3) That would need to be a question you can ask helios directly if you need to (traders@heliostp.com) but generally speaking, Helios is happy to further fund traders that can show consistency while at the same time being able to withdraw profits.

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
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Amateur Trader
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Earn2Trade View Post
1) You'd need to check with NT on this but from what I understand of how they work, an MIT order is held locally so I wouldn't think it would need extra margin. That said, please check with NT since it's their platform before you sign up! I don't want you to have the wrong info.

@NinjaTrader - could guys confirm this for us? Thanks!

 
 
 Vendor: www.ninjatrader.com 
Denver, CO
 
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Scalpingtrader View Post
1) Margin at Ninjatrader. I understand that the issue with OCO through Rithmic is that both orders are at the exchange, thus 2x overnight margin requirement per contract traded.

The above statement is incorrect. You will only need 1X margin NOT 2X. Additionally, overnight margin is NOT used for working orders, only open positions. So in the case of NinjaTrader Brokerage, it would be $500 margin on ES.


Scalpingtrader View Post
Can you check/confirm that, if I use the "Market-if-touched" functionality with @NinjaTrader (holding the limit order locally until a market order is triggered to close the position) this margin multiplication does not take place? i.e. 1 contract long + sell stop market + sell limit (MIT) = 1x overnight margin.

As above, you only need 1X margin. So in the case of a working STOP MARKET and LIMIT, only 1X is required. Same is true if you use a STOP MARKET and MIT, 1X is still only required.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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Amateur Trader
Hanover, Germany
 
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Posts: 1,705 since Apr 2014
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NinjaTrader View Post
The above statement is incorrect. You will only need 1X margin NOT 2X. Additionally, overnight margin is NOT used for working orders, only open positions. So in the case of NinjaTrader Brokerage, it would be $500 margin on ES.

As above, you only need 1X margin. So in the case of a working STOP MARKET and LIMIT, only 1X is required. Same is true if you use a STOP MARKET and MIT, 1X is still only required.

Thanks @NinjaTrader. Then maybe @Earn2Trade should do some investigating on where exactly their issue is with NT platform and margins, as they seem to be unable to reproduce this as described (see their website as linked below) and seem to believe that this is a software limitation (in combination with Rithmic).

https://help.earn2trade.com/platform/how-does-margin-work-with-ninjatrader

Would be awesome if you guys could clarify/resolve this topic!

Cheers, ST.

 
 
Austin, TX
 
Trading Experience: Advanced
Platform: Finamark, Sierra Chart
Favorite Futures: ES, CL, GC, NQ
 
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Posts: 104 since Jul 2018
Thanks: 2 given, 171 received



NinjaTrader View Post
The above statement is incorrect. You will only need 1X margin NOT 2X. Additionally, overnight margin is NOT used for working orders, only open positions. So in the case of NinjaTrader Brokerage, it would be $500 margin on ES.



As above, you only need 1X margin. So in the case of a working STOP MARKET and LIMIT, only 1X is required. Same is true if you use a STOP MARKET and MIT, 1X is still only required.


The above statement is not incorrect. NinjaTrader does NOT utilize server side OCO/brackets with Rithmic. Thus, if you use an ATM strategy, as soon as the trade is entered the stop/target is entered as working orders within Rithmic and uses extra margin. Please see: https://help.earn2trade.com/platform/how-does-margin-work-with-ninjatrader. This has already been discussed, in depth, with NT support staff, NT brokerage staff, and Rithmic.

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

 



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