Unfortunately, this system carries unpredictably high risk, and in order to ride out some of the trades, you have to be willing to take a 50-70% account draw down, intra-trade. I cannot trade this way.
You can make a lot of money with this strategy, but you can also lose a lot of money. The trade leader tends to scale into losing positions, resulting in a lot of decent wins and a few 20-30% losses. Their system recovers quickly, but I've gotten a few margin calls along the way while waiting for things to turn around. I believe it can be a very profitable system, but it is too volatile for my taste.
This review is not about this darn good strategy, but the C2 system which probably hires incompetent offshore developers cause the daily gains/losses do not match reality. My account can be up $500 for the day and C2 reports negative $233. The only number that is accurate over time is C2 balance cause it's obtained directly thru the connection. Dumbass developers on C2 cant figure out to use actual balance to determine daily or long term gains. But thats what you get for $50/mo.
Overall pretty high risk strategy... I found it missed the opportunity to realize good returns ....and even oftentimes went to a loss within the same trade ... which makes it quite challenging to keep seeing those loss trades come it, while in the middle of the period you could have realized good profit ..
very active trader in a temp. difficult market... tested just one month.
[ using also US ETFs not just stocks (not tradeable for europeans like me :o( ]
He is good for US people...
corona flat. I dont think thats bad as 90% are completely off the board in very negative territory. Just hope we can get 2 days without a gap up/dn not against yesterday's session.
This is a decent day-trading strategy with a steady accumulation of profits and frequent trades. However, it is vulnerable to shocks to the oil market, which were responsible for a 35% drawdown in late February and early March 2020. The strategy did not change its position size after this drawdown, and so resulted in margin calls and blocked trades by my broker, forcing me to reduce my scaling to the strategy. Also, the trade leader didn't respond to my questions for over a month. So in general, I think the leader doesn't monitor this strategy very well; that, and the sudden drawdown, costs it a couple stars
JC is a good guy, well intentioned -- but his risk management is simply not acceptable. You can have a 125 out of 125 win streak, but if you don't have a good risk management strategy in place, you will lose it all on that first crash. I just can't participate in his strategy going forward, but wish him nothing but the best,
Anonymous
Pretty good overall - trading for me for 1 month now - and although it does not usually set stop orders - I kind of feel confident there is someone watching it. Definitely worth is as a lower risk strategy
Klarity seems to hold on onto losers for far too long. Sometimes, they turn around for a small profit (~$50-$100). Other times they are closed out for massive losses. I gave up on the strategy after one such $900+ loss. Mostly because it wiped out more than 2 weeks' worth of gains. Everyone has bad trading days, but there just didn't appear to be any strong trading methodology behind this strategy. Just a desperate attempt to hold onto a C2star status which to my knowledge has already been lost.