System simply buys qqq shares at market close and sells following day usually early on so exposed to overnight moves whether good or bad.
2024 system returns matched qqq's once penny stock profits were excluded.
System does not go short so might suffer in a down year so I'm out
I was only with it for a month and it breakeven at best so I have to give it 3 stars for lack luster performance. However I think over a longer period of time it should improve and I base that on its other strategy Ares which has been around for a number of years.
Strategy also sends out notifications for pending trades and always stop losses attached.
Live traded since September 2023, watching trades closely most days. Over the past month especially, I've seen this strat maximize green market days, while at the same time (rare in most strats here) managing and minimize bloody market days (mostly be shorting MNQ and MES futures when the market heads south quickly), which is a huge differentiator here on C2. Also a really good handle on managing stop losses and drawdowns. Also, they say they're running Multicharts against IB for trade execution which is a solid and reliable setup (once you learn the idiosyncrasies of both) I use personally.
An observation is that this strat has a losing record shorting stocks. I did that analysis prior to subscribing and has held true since then. Fortunately (so far) this has not impacted my return as I am running this strat in an IRA account. As I can't make margin trades, I also can't short stocks (obviously shorting futures is allowed), so it works out great, as short stock trade signals just get rejected by my broker (IB).
Good initially but need more positive trades. there are open trades with -30K in paper loss for 60 K account.
Need more concrete plan to make positive impact. The fees are pretty high for the profit being made.
Appreciate if we recover the paper loss and make good gains else does not make sense to continue with the plan
Total garbage. Classic Ponzi scheme. Crash and Burn. This trader has history of blowing up strategies. Lacks basic principles to lock in profits and keep losses small. He’s just here for the subscriber fees. Stay away!
this looked like a good strategy, but i am not able to trade FX at IBKR. i will try to set up an account with stonex and try again after the new year. thanks
Today saw an additional 8% decline, compounding the 12% loss reported yesterday by another investor. This performance is deeply disappointing. Despite the strategy initially showing promise and adhering to a disciplined approach, its recent underperformance is concerning. The trading decisions appear to lack consistency and are often driven by speculative assumptions, resulting in frequent whipsaws due to minor market fluctuations. Not recommended!
-12% down in 30 days, most of the losses due getting chopped because initial trade dont workout, when reach stoploss (pullback point) instead close or hold, invert position and then goes against too, so in same day lose in both ways (Up and Down), quite confusing, but system have a very profit this years, so more even confusing... Very Expensive system for all of this
Even having HUGE draw-downs, is the best strategy till now (1 year auto-trading), but definitely hard to see the big drops. Manager send daily updates, which makes an easy way to carry on
This is the worst company. They have been charging money for months but have never executed any trades in months. Their performance is also downright worst.