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It’s about the prop firm protecting their capital. While other companies only withdraw when the trader does, they also trail the max loss, so eventually their risk is gone. With Helios, their risk does not go away until they can withdraw profits equal to their initial risk. No trailing drawdown necessitates the withdrawal.
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
Support this but with a slight modification - perhaps Helios could withdraw just a fixed amount each month (provided there is enough profit to draw from). For instance, with 20% split it could be $500 monthly or less if profit for the month is less than 500 / 0.2 = $2,500. Then the question arises - when to share the rest of profits?
On the other hand, if a trader withdraws regularly, it might be better as they will avoid the phenomenon of giving back the profits to the market which is probably trader's worst enemy
I think it sounds like a positive move for everyone. Both Earn2Trade and Jigsaw Trading (Journalytix) are site sponsors of futures io as well, and I'm glad to see them teaming up to encourage users to journal -- and by extension, improve their trading performance. As you guys know, I am a huge believer in journaling!
Seeing as you are also an educational business a few questions that anyone looking to join should be aware of.
Are the ''Teachers/mentors' actively, consistently Trading in profit.
Will they show there live trade records for proof.
I will not be participating in these programs, I just like to give advice for anyone who is thinking of doing so.
These basic questions should not be a problem to answer correctly.
Hello,
I am currently doing a Gauntlet evaluation and trading NYMEX futures spreads as E2T allows for overnight holding of positions with no daily or weekly risk limits.
I want to point out a flaw in the RTrader pro platform to E2T as I proceed with my evaluation.
The RTrader pro platform calculates overall PnL at the current bid or ask levels. At market close, the market depth on DOM dries up so RTrader pro shows unrealised PnL at the DOM levels after market close. This way if the trader wants to hold the positions overnight, the DOM and platform shows huge unrealised PnL and hits the 10% drawdown level.
I am attaching a screenshot of my RTrader pro showing this issue. I was hodling 8 lots of NG calender spreads and at market close my position was in few ticks profit, however, after market close, the DOM calculated the PnL based on last bid-ask which is below my 10% drawdown levels.
Also the RTrder pro gets locked by itself and a request sent to the the support goes unanswered for a few hours during asian/EU session.
These issues in RTrader pro need attention.
Hi,
Thank you for the question. Our mentors and I have been trading for well over a decade. All of our mentors have passed their Series 3 and Series 34 exams and I myself run a CTA as well as Earn2Trade concurrently, although trading activity in the CTA has reduced as Earn2Trade has grown.
As it pertains to sharing our trading record publicly, the public record of the CTA is available, however we don't believe it is relevant to what we are teaching. We are conservative traders and you can see that reflected in our record. Regardless, I'd understand the desire to see the record if we were trying to sell one specific strategy that we claim to be the 100% foul-proof method that will generate huge profits for everyone. That is not what we do and that is not what we claim.
What we are trying to do here is teach our students about the market, about formulating their own strategies, finding out what their weaknesses and strengths are and working them to their advantage. We try to help our customers work on their trading skills, knowledge, patience and the psychological aspect as well. Our personal history with the market bears little relevance to this, what you should be asking is probably feedback from our customers, people who have gone through the program and have become better traders through their own hard work and our coaching. You can find plenty of reviews here: https://www.trustpilot.com/review/www.earn2trade.com
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
Hello! Rithmic is aware of this. It won't affect your Gauntlet. In some instances the system might attempt to liquidate you but since the market is closed, those orders should not trigger. If somehow they do, we will absolutely correct your account and reinstate it back to where it was with the positions how they were. I personally spoke to Rithmic this morning and they stated they are working on adjusting their PNL to hopefully address this. Currently they have it set like this as during market hours, basing PNL on best bed/ask is going to be more accurate than last trade price since these are more accurate representations of what you might get if you closed the trade.
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
Hi Ryan, how many months of consistency do we have to show before Helios will give the trader an increase in capital? Also how do you determine how much capital you give the trader as an increase after they have showed consistency?