Facts: Over the past 20 trades, only 35% were winners (65% losers), resulting in a 3.5% overall portfolio loss. At this point he's guessing on entries; either that or his strategy is really flawed. Seems to have no risk management skills... simply holds onto losing trades (up to 16.7% drawdown), hoping they will eventually revert before account goes bust.
Conclusion: Makes money in a bull market when throwing darts would have the same effect, but doesn't really have an effective strategy for volatile markets. Keep away... this is not trading, this is gambling. Trading involves a plan that is not based on Martingale or prayer.
I have been with this guy for a while, People that trade forex need to realize you need risk control or else your account will eventually get blown up, look up Forex aggressive risk, I was following that strategy also till I was margin called and that was enough, the problems I have are with slippage on occasion using OANDA but usually not to bad
I think this trader got luck with some strategies over the last few months as his trading style is very erratic. He could go long a certain future, sell it for a loss, reverse position and straight away make a loss in the other direction, Plus he is often using high levels of leverage which is a sign of hidden risk that could manifest at anytime.
Exhibited 45% win ratio and NEGATIVE profit during my subscription period. Managed to lose 2% of portfolio value in addition to the $200/mo fee. As Jay Kaeppel ("Seasonal Stock Market Trends") says, how a strategy performs during losing trades is more important than how it performs when making money. In that regard, Hail to the King might be fine during a sharply trending market, but keep away otherwise.
Lost 12k within 2 weeks. 9 of 10 trades in the red, losing 2-3k each. Not a good stop loos. It seamed to do well for a while, but I feel like this strat will crash at some point.
The manager is like to buy/sell on break the trend/support/resist level, which is ok, but no immediate stop loss when it turns out to be a fake break out. so subscriber may have to do your own research and set a better stop loss value if you don't want lose 3000+ in a trade.
1. Communication - Absolutely nothing. Never bother replying to any of my messages. Worst reason of the three reasons.
2. Trading style - Very risky. No stop loss, no risk management. Offence is best defense. When trade is against the market, trader actually enter more trades, hoping when market turns around, some trades profit will offset losses from initial trades, netting to green PL at the end. Problem is, when NQ keeps going one direction like up right now, with trades that size, one can easily hit margin call and cause catastrophic loss. Very dangerous. This only works when market keeps oscillating up and down. Maybe NQ will dip and trades might post profit again but holding onto that much risk and opening a potential to 100% drawdown? definitely not my style.
3. Performance - I am only posting two starts instead of one star, because somehow this has been posting profit.. at least up until now.
Applies a "hold and pray" approach to losing trades, even through weekends when there's no telling where the markets will end up. Also, too many losing trades in a row... 65% wrong (35% right) out of the last 20, with a low profit ratio (if computed against last 20 trades). It doesn't matter how well this strategy does during a bull market - what really matters is how well it does at preserving capital during turbulent times. In that regard, this strategy does worse than flipping a coin.
This is an excellent system in either a up or down market. Solid returns while often hedging means this system will be around for the long haul. Great communication as well. Well done
As Jay Kaeppel ("Seasonal Stock Market Trends") will tell you, how a strategy performs during losing trades is more important than how it performs when making money - conservation of capital when a strategy is wrong is paramount. In the case of Stock Star, it had around 40% winning trades while I was subscribed. In other words, it did worse at picking direction than a random guess. Compared to other strategies on C2, this isn't one I want to bet on long-term.
Managed to lose 1% during the entire month that I subscribed to it. It held losing trades for quite some time, hoping they would turn around. When they didn't, it sold at a loss. Holding onto losing trades (rather than selling early) means your money is tied up and unavailable for the next trade... and not a strategy I'm interested in. I also strongly suggest that everyone manually compute the "win percentage" using the last 20 trades, rather than the system average. This will give you an idea of "is the strategy just guessing in today's market" compared to a bull market.
Excellent communication from the strategy manager with rationale for various trades and market perspective. System consistently hits singles and doubles and losses/downturns are mitigated by taking positions in inverse funds.