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Just one more question for you @Earn2Trade. So if I want to trade the sim Gauntlet feed as opposed to the 'live' Gauntlet feed, just check 'Trade Simulation Mode On' under 'Trade' in Sierra and that will be the sim Gauntlet feed?
Again, I really appreciate all your prompt replies and help on the connection issue.
Thanks!
Can you help answer these questions from other members on NexusFi?
No problem! Please do not use simulation mode in Sierra, your account will not get trades. You'll need to change the account sierra is trading into by selecting it on the DOM or chart mode.
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
Question on your "maintain consistency" rule. I tried chatting with support and it didnt get cleared.
On any given day you cannot count more than 30% of profit goal. I get that part. But the second part where it says that
"You do not fail, if one day accounts for more than 30% of your total profits. You have to continue trading, until that day accounts for less than 30% of your total profits."
So if you are in 50k combine you cannot count more than 900 for any particular day towards the 3000 profit. (30% of 3000=900). but say if one day you make 1050(150 more than allowed 900) and now your account balance is 3200 do you meet the target as long as other rules are met or not ? The example you posted on your site is at 80% for failed one and for the other example that passed he doesnt go over the 30% rule so there is no example of what i am talking about.
Reason for asking is cause that one day (1050) is showing up as 32.8% of the profit target which is right but do you trade until you make extra $150(the excess over 900) or do you trade until you make 3500 which will make 1050 be less than 30%. ( 1050/3500 =30%).
What would be profit target in such a case if someone goes over the 900 for single day for 50k account ?
Hello! Is a "K1 statement" a simple resume of my profit/loss within the LLC? Or does it contain a highly detailed list of my trades? Would any European Earn2Trade partner share how they handle it with local tax authorities? Thank you very much!
I am considering doing the Gauntlet. I already have a trading account through another broker that uses Rithmic and R Trader Pro. Would I be able to trade this account and the Gauntlet account from the same PC using R Trader Pro? If so, how does that work? Is there a way to toggle between accounts on the DOM?
Maybe I have it all wrong (wouldn't be the first time) but that's not my reading of it at all.
It seems to me that you just can't have as much as 30% profit from any individual day's results, but you could (for example) trade for 72 days, making 1% of your profit per day on each of 71 of those days, and the remaining 29% all on one day.
I can't see anything about "making a similar amount" on any days?
Also, if you make 100% on one day, you need to make 100% for two more days. Er... if you 'mistakenly' make 200% on the third day then a new monster looms.
My take was mainly on outsized profitable days.
If you are good then you need to be consistently good.
I realized it was a hamster wheel, see my posts after such a huge day:
It is my pleasure to welcome Chris Gray for our 396th webinar event, on Tuesday, July 28th @ 4:30 PM Eastern US.
The title for the event is "Getting Comfortable with Price Action Patterns", and bullet points include:
- Chris defines the price action concept as it applies to futures trading.
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- Covering and applying entries to some of the most iconic patterns such as: "head and shoulders", "rounding bottom", "bullish rectangle", and more!