EARN2TRADE

1. Are there any Restrictions on when I can Trade in The Gauntlet Mini™/ Trader Career Path®?
Written by Francis Updated over a year ago You may trade beginning when the exchange trading opens for your particular asset. Generally this is 5pm CT but may differ based on holiday or asset. All positions and working orders must be closed by 3:50pm CT until 5pm CT. GF/HE/LE must be closed by 1:05pm CT until 5pm CT. XC/XK/ZC/ZL/ZM/ZS/ZW must be closed between 7:45am-8:30am CT and then again between 1:20pm-5pm CT. Trading can be conducted throughout the day except over public holidays and any times when the exchanges are closed. 2. How is My Daily Loss Calculated?
Written by Alex Updated over 7 months ago Daily loss is based on your Profit & Loss, including both open (real-time/unrealized), closed trades and commissions. It’s calculated daily from 5:00 pm to 5:00 pm (Central Time). The PnL resets at the beginning of the trading day and is taken from the balance you start the day with. For example, if your trading day starts with an Account Balance of $25,000, and the Daily Loss is -$550. Imagine you have an open trade with a profit of +$500 but, then the trade goes against you, and you close it at -$100, you won't fail on the Daily Loss rule. Considering the Account Balance you started the day with ($25,000), your PnL is going to be -$100. However, if your PnL ever hits the -$550 limit (even if you don't close your position), your evaluation fails and will be suspended from further trading. In case you wish to retry the evaluation you will need to reset it. You can view the P&L column in R | Trader Pro's Trader Dashboard to see how close you are to your daily loss limit. For example if your daily loss limit is $1,100, then your daily P&L cannot go below $-1,100. The daily loss limit differs based on your selected account type: https://www.earn2trade.com/gauntlet-mini3. How Does "End of Day Drawdown" Work?
Written by Francis Updated over 3 years ago The Trader Career Path and Gauntlet Mini™ evaluations calculate drawdown based on the end of the day balance of the trading account. The drawdown is pegged to your positive account performance and is adjusted at the end of the day and updated after market close. That means if you increase your profit by $1.00, then your minimum account balance will also rise by $1.00.