This manager was doing well and then falls into the trap of getting "married" to a position. Allowing his losses to far
outweigh any gains and a recipe for failure. His statistics claim a hold rate of 5 hours or so but he gets locked into a position for days and weeks if it is going against him. He claims he is a momentum trader but doesn't appear to have a way to get in and out of position other than "gut" feelings. When messaged regarding his approach the manager is unresponsive. Stay away.
To be fair, this rating is not a reflection of the strategy itself but rather how new subscribers who choose not to sync their account with the current withholdings in the strategy model. The C2 platform did not handle this advanced trading strategy well. When I joined I chose the option not to replicate existing trades in my account since I had no idea what the pricing would be and only opt for new trades. However, when the strategy issued a trade to sell covered calls against one of the stocks it purchased a month ago in the model, the trade was executed in my IB account but I did not have the stock to cover the naked call options. I noticed the naked calls in my account by accident and by the time I bought back these calls manually, I had a loss of roughly $700. I had a length discussion with the C2 engineering team to make sure they understand this problem and they agreed that it is a fairly complex scenario and discussed a plan to add documentation and possibly validation to catch such conditions.
The moral of the story is initial subscriptions and synching of new accounts with a complex trading strategy model is a fairly complex task to accomplish and needs the customer's attention in the first few days to make sure their accounts are sync'ed properly with the strategy.
I monitored this strategy in the simulated mode for several weeks before I subscribed to it but the bad experience with the first trades was challenging.
This is a tremendous strategy and allows you to ride the trends in the market! With the correct position sizing, this is a great strategy to be subscribed to.
Not work for me, Very risk. This leader have multiple strategies. All almost gain small mounts, but if one of then lost, if not can up again. Then block strategy to private. MYM far from is a example, This strategy have people with autorade, all lost money, the strategy was broke. I dont see this in the record in strategys details. All this strategies appear low risk, but you can not see the record of strategies broke.
I joined this strategy about the 2nd week in October which at the time was looking quite promising. Unfortunately from that date forward it has lost money which seems to be a reoccuring theme for me on C2. The backtest on this strategy is promising and this could just be a rough patch for it most certainly, but I need more time to evaluate before I let it trade my money.
Massive DD
The problem with this strategy is that his return don’t really show the reality.
When you hold A short leverage position of 2X you pay high fees.
His returns in your broker will be like -20% of what you see just because of fees
this is an excellent long term strategy , run by a very responsive real person investing his own money and making a success of it over years. surviving many years and thriving for most. good catastrophe hedging as well. most recommended
I'm only writing a review to actually get the notification to write a review to go away. You should ignore this, but I will say they are one of the better performing strategies at least.
Do not be mislead by the return numbers. If you look at the max drawdown in October unless you continually added capital to cover maintenance requirements your account would have been wiped out. If you look at other strategies by this manager you will see several have ended poorly. Luckily I got out with only losing about 20% of my investment in October 2020. Also very slow to respond to messages. Not worth the huge subscription fee either.
Excellent risk management for momentum trading. The trader has a cool head, keeping losses relatively small, and letting winning trades play out. I've seen other futures scalpers double down on losses, which will always, eventually blow up - but, I've not seen that risky behavior here. Great work, and thanks for the gains. That was an awesome trade this morning!
Lost thousands of dollars. Poor risk management. I am training to be a pro trader and I cannot lose more than 1% of my firm's funds at any time. That is a hard rule for many pro traders. These amateur-style algorithms on C2 can lose more than 10% in one day, triggering margin calls, which make staying in advertised trades realistically impossible. Tried programming stop losses to prevent capital loss in Interactive Brokers, but IB has extremely limited quantities after hours (even at 4:30pm!) unlike other trading platforms. Your stop losses will not be respected, will not fill.
I am happy to be inside :). There are some days when the NASDAQ goes down
and this strategy goes up.
I have never seen such a consistent & profitable trading style with stocks before.
This strategy was working well for a while. There is no downside risk protection with stop loss and too optimistic on long index trades. Move up was slow and steady but the falls are sharp. Losing 10% so far not adding fees.
One of the few systems which day trades stocks successfully. Entries are usually in first 30 minutes of market open and near close so can be manually traded. There is always risk with any system but this one is somewhat mitigated as no over night trades and usually a mix of long and short
