This strategy was great from it's inception in March 2020, when TQQQ was at ~70% drawdown from COVID. From inception to around July 2021 it has definitely produced outsized gains. However, after subscribing to this strategy for a while now, I do see it's flaws. The strategy gained so much because of a bull market from pandemic lows which saw TQQQ (and the stock market in general) increase dramatically over this time period. I believe just buying and holding would have produced the same or better gains than this strategy. This strategy also suffers badly when there are wild fluctuations in TQQQ daily and weekly. This has been the case lately. Sometimes I wonder how the "AI" works because it has not been working well as of the past few months. The AI is often wrong when getting into a short position with SQQQ, then going back into TQQQ, only to have to back to SQQQ later again. Unless the stock market and tech sector is going to continually climb up dramatically, it just seems to me that the strategy's gains has plateaued now. It hasn't been able to top the gains made since July 2021 due to various reasons.
At the end of the day, I'm not sure if this strategy is better than just buying and holding TQQQ. We haven't seen tremendous drawdowns in TQQQ to see if the AI can really prevent the portfolio from getting hurt. I'm sure the strategy creator has made a good amount of subscription fees from this strategy, and I guess deservedly so, but I may be unsubscribing soon.
Again you change position in the first minute of trading and again make the same mistake !!!
Does your artificial intelligence not understand that you do not change the direction of trading in the first minute of trading ???
When the market goes up 3.5% and you are constantly trading in the opposite direction you are actually losing 7%,
Please tell this to your artificial intelligence.
I am really happy with the performance of this strategy. I've been trading for over ten years and it's really nice to find something like this. I just park money in the account and it grows.
Yes, some months are better than others, but that's the way it is. Overall it's way ahead of any other passive investment. I'll be sticking with this strategy for the foreseeable future.
In early September the Nasdaq reached 15400 and fell 1000 points, now it happens again when the Nasdaq reaches 15400, please do not repeat the same mistake again.
Frequently makes massive changes in strategy at the drop of a hat to make things more exciting. Common to lose money in both directions of the market. There is a reason why there are huge valleys in the equity curve, especially recently. It is because of a poor understanding of risk and volatility. Unreliable. If you feel like losing money at a rate of double that of the underlying asset, which itself already moves 3X as fast as the market, then this is the strategy for you. Unless you believe that this time they've learned their lesson.
Performs decent in Bull trends. but in Bear trends, or choppy markets, this strategy is total trash (See September 2021 performance). SQQQ, or short trades have a horrible track record (manager also offers another strategy with only TQQQ, and no SQQQ). The drawdowns are very large, but not unusual compared to other top strategies on C2. Unfortunately, this strategy was at the #1 spot on C2 very recently, so it seems that this is close to the best C2 has to offer. Developing a trade algorithm is complicated, but SOME kind of "chop control" (even staying out) would have greatly helped in September 2021. But I am sure that change would possibly reduce profits elsewhere in the longer backtests. As the strategy description states, this is definitely a HIGH risk strategy. Stay away if you cannot accept a month like September 2021.
Same old story with Collective2.
Simulating a strategy for a few weeks or months....
and once you decide to go live with real money, it loses money big time, 27% in just 5 weeks... it sucks.
This has been the top strategy on C2 (The Grid) for several months, probably with the most subscribers on C2.
If this is the best, then we are screwed...
Would the last person exiting this train wreck please turn off the lights on the way out. Started in July this year, been bleeding money ever since. AI....not sure what that stands for, but certainly not artificial intelligence.
I don't care how good this strategy was in 2020. I would never recommend it to others.
It lost 24% in Sept.2021. And basically almost all those trades were on the wrong side.
The developper should just trade the opposite during choppy markets.
I guess no strategy is good forever and after a nice dance between TQQQ to SQQQ in the bull market, in current volatile markets, this strategy is very weak and keep loosing every trade. This strategy is based on taking long on the Nasdaq by buying TQQQ or short by buying SQQQ, however in the past few weeks the market keeps correcting after a very bullish period and somehow we keep going long on TQQQ. My thoughts till end of year, with all the uncertainties of the FED, I doubt it can go back up so I wouldn't bet my money here. It would be amazing if the AI could be flexible and correct itself during day trade but when it takes a decision to buy TQQQ, and the market goes down, IT WILL ONLY CHANGE POSITION AT END OF DAY! when AI checks the market at 22.59 before market close. Of course this leaves you helpless watching your position go down all day long. My recommendation is go for a strategy that is safer and check what it did in the last 2 months in choppy market. Good luck.
Nasdaq lost 1000 points in a short time and you're still heading towards Long '??? TQQQ,
The market is a BEAR market for the last two months and you're still constantly trying to take Long's direction.
In addition, in the last month you made at least 5 times buying or changing strategy in the first minute when the market open, all of them were wrong, please avoide this way.
You need to understand that you have a responsibility not only for your own money but also for the money of others, It is impossible for such a strategy to lose 26% in one month.
In the last 3 months this strategy made 24 trades, but only 4 of them were profitable.
That's a whopping 83% of lost trades. Also this months it reached a new DD of 25%.
The manager is very nice. I have plenty of doubts still though since it is quite young. I really appreciate that the strategy doesn’t short or use real leverage. I prefer a strategy that only buys to open and sells to close and uses leveraged and inverse ETFs to play both directions with leverage. The frequency of times SQQQ is purchased concerns me since I could see that potentially causing whipsaw when QQQ doesn’t behave as nicely.
The numbers speak for themselves and Tony is there to answer any questions and he's super cool. I don't think I've made any money because as is my life I began this strategy right before the slump but I'm not worried.
