Really good system, had been using Exllence in it's first instance a few year back.
Chris is a really good manager, and my result are exactly as what you see on the site.
Thank's
Denis
The great performance in the beginning is gone unfortunately. He says that the system is mechanical but I believe he is trading discretionary. I was impressed in the beginning but now the system seems average. I hope I am wrong.
To their credit, during the current big drawdown (June 2015) the developers sent several warning emails notifying subscribers that their system was not synchronizing with the market. Fair enough. To their discredit, the developers did not close the positions and wait for the storm to blow over. I may be unusual, but I expect an auto-trade system to be, well, automatic. I travel a lot and I don't have the time to monitor and adjust my positions. Just a heads-up for future subscribers.
You know the saying "the market can stay irrational longer than you can stay liquid?" That's Tranche. The positions often work out in the long run, but the system seems to stick to them through ridiculous drawdowns. The system looked outstanding in the beginning but as of late has incurred some very wild swings. Perhaps in the end Tranche will survive, and if you can stomach the rollercoaster ride, the high returns will be worth it. In my opinion however the volatility is unacceptable.
After losing money on more than one deceptively risky, irresponsible system like this one I strongly advise potential followers to learn a lesson I learned the hard way when evaluating managers and strategies: 1) only trade with managers who are trading their own account with their own money (you can filter by Trades Own Account -TOS- certification in the grid) since this enforces discipline and responsibility when they are eating their own cooking OR 2) they have a very, very long successful track record across all market conditions, and 3) aren't charging high prices or using high pressure sales pitches -- both tend to show they're trying to make short term money off subscribers rather than their own trading skills. Good luck everybody.
I have only recently subscribed to BluStar3X, but so far he has done very well. He seems to be fairly conservative and thoughtful about the trades he makes (usually at the end of the day). He does not hang on to losing positions and does not over trade. VERY happy with this system so far, and will probably up this rating to a 5 star in three months. Will report back!
I have been a suscriber for about a year and I am still satisfied with the system. I have had some great profits during this time. Every system has its drawdown so I am not worried. The markets is going through some major changes now and I believe that Daily Miner is experiencing that as well. My biggest concern is that the developer start to change the system to much now due to the drawdown...
I have been a subscriber since late April. Yes, just before the current drawdown. Terrible timing.
At this time, Daily Miner is having a tough time adjusting to the current markets. The futures instruments that this strategy is entering, seem too correlated. This creates increased risk exposure to one side. Currently, we are in 6 positions, and 5 are in the red. Unfortunately, the trend is against the current portfolio, therefore, creating a new higher drawdown period.
I can't seem to work out how/why this system determines entry and exits. Since I became a subscriber, I have seen good gains turn into large losers, and when a losing trade is in a trend reversal, and gets back to breakeven, the system exits only to take a new position on the opposite side, which now against the trend, adding to new losses.
It would be great if the developer would send communication to the subscribers to maintain the confidence in the system, especially with a new drawdown, but nothing has been sent.
Luckily, I have some other trading strategies that is offsetting some of the losses (currently at 10K loss), but not too sure how long to keep Daily Miner. It has had some good string of wins in the past, but I can 19t see how. Drawdowns are like staring into the abyss, not knowing when it will end.
When a developer of a mechanical system totally ignores important fundamental events bad things can happen. On days of the employment report it is best to stay out, not only did the system trade but it did so with maximum leverage resulting in a big loss. The following weekend when the Greek problem loomed large over the market he entered again at the end of Friday, again resulting in a large loss. Very disappointing.
3100 points of risk and 3 days for a 350 point profit target = way too much risk. I suspect the majority of the trades that occur in this strategy are "managed" trades and the investors have no idea how much risk is involved.
I like how this system trades. It is very patient, and patience is the rarest commodity as they say on Wall Street. This system doesn't force trades or over-trades but as you can see (with the returns year after year), it does just as well, if not better, than much more active systems. Keep it up and thank you for being patient (which we aren't).
I've subscribed to many C2 systems over the years, and this is probably the one I've kept for the longest period -- 17 months and counting. Sure, it only trades one stock that seems to always go up, but the fact that the vendor is able to make solid returns while being long, short and in cash tells me that the system is for real.
Very good return with only moderate DD.. But when I look at the history over the last year or so, it looks like performance would have been better if only the long trades were taken.
Still early days for us with this strategy, but we've been with the Trader's other strategy, Bob Dylan, for a number of years and had no issues. While there has been some big draw downs over the last few months, we are happy to continue with the strategy. The Trader has always been quick to respond to any queries we've had in the past.
Yesterday I sent following email to the vendor:
Hi Brad,
I've been a subscriber to OPII for more than a year now, and as far as I can see from the C2 results, OPI is looking much better in terms of statistics.
Do you recommend me to switch to OPI now or continue with OPII?
Are you still trading OPII for your family accounts?
My experience with C2 systems is that when a vendor changes the way he trades his system (although you explained clearly why you were making that change), it is almost always a warning sign for me that something is not right and it may be the time to quit or change. Therefore I am asking those two questions.
If you tell me to continue with OPII, I will.
And received following reply:
And last year you criticized by systems when they went flat in the Summer this year its something else. You burned your bridge with me.
Then I sent following email:
I believe you confused me with someone else. I did not criticise you last summer as I was a new subscriber. I asked you a few questions and you got them as criticism and I told you that it was a way of learning to ask questions and you told me "No worries, keep asking".
Yesterday, I asked a simple question and seeked your recommendation if I should switch to OPI or continue with OPII, and I told you the reason why I asked those questions. And that reason is my own experience with C2 systems as I've been trading C2 systems for a very long time.
But your reply to me is not kind, not answering my question and considering your previous replies either to me or other subscribers, it looks like you have no tolerance to any opinion and you have certainly an ego and attitude problem.
As a long time subscriber seeking answers to my questions, I definitely haven't deserved this kind of behaviour, therefore I'm going to unsubscribe from OPII when my paid period ends this month.
Regards,
2013 and 2014 returns and other stats are fantastic. I was considering to trade this strategy for a long time as normally I am a loyal subscriber (I've been trading another strategy for more than 3 years now), but the attitude of vendor is unacceptable. Whenever you ask a question, you feel like you'll be punished as he has a ego problem and take everything as a criticism. If you'd like to work with this kind of vendor, then be my guest. But as a paying subscribers, I believe we don't deserve this kind of attitude. Therefore;
Performance/Stats: 4 stars
Service: Does not deserve a star
It's just a matter of time before this system goes bust, I definitely would not invest any money in it.
First of all the manager averages down on almost every trade. Now averaging down isn't necessarily bad but the fact that he has to do it so often proves that he isn't very good at picking stocks.
If he were picking stocks at the right time he wouldn't need to average down all the time.
He also says in his description that he only uses 2-3 "tranches" meaning he only averages down 2-3 times per trade.
*LIE*
In his 'BLUE' trade, he averaged down 10 times. How can you be so wrong that you have to keep putting money in 10 times?
In the BLUE trade it was reported that they were about to get a drug passed for Europe and the U.S. This was very bullish news but Brett continued to stay SHORT and of course lost more money.
Secondly when I was a subscriber Brett was short in 10 trades. This is way too much, many of them were in the same industry so they all went bad together and he subsequently went on an 18% draw down.
This isn't a person who knows how to trade.
Everyone who has been trading for more than a year knows you don't invest too much in any one sector, especially bio stocks.
It also says in his description that he was a professional trader at a hedge fund. I cannot believe this, it has to be a lie. If he was they must have fired him because there's no way you can trade like this working for a professional hedge fund. You would get laughed at and shown the door.
He also writes his description in the 3rd person as if it's written by someone else. I.e. "The portfolio manager excels at trading."
Just seems sneaky when we know it's written by you Brett.
And lastly may I just say that the 2 positive reviews that were first posted for Texas Doubledown are 100% fake and I would risk money on that.
Just read them, it's so obvious.
Honestly I think this guy is just trying his luck and it's only a matter of time before he busts the account and we never hear from him again.
0/5
One of the best systems in C2, I've been using from a long time and i have good gains without a lot of risk. Owner of the system have a lot of experience and know what he is doing, in a few years we will see how this system make consistent profits. [C2 ADMINISTRATOR REMINDER: We're glad you found a strategy you like, but we want to remind people that all trading is risky and there is no such thing as "consistent profits."]
A very risky system. This is a martingale system which mean the developer will try to add more shares to his existing stock position when the price of the stock go down, a practice call averaging down or double down (and the reverse if the stock is shorted). This system only work well if the market is moving sideway (neutral) but a disaster if the market is trending. Another risky aspect of the system is that the developer is using full margin at all time for trading and so for instance if your available capital set aside for trading is $1000 he will borrow on margin another $1000 to make a total of $2000 which he then use to trade. The problem with this that you may get a margin call which will close your stock position automatically. This had happenned twice in his other system, Large Hadron Collider, which use a similar strategy. just click on "Show more details" under "Closed Trades" then scroll down the page and you will see "margin call (auto-generated) under stocks that have margin call. The third risky aspect of this system is that there is no diversification in the portfolio holding. This mean that 90% portfolio holding contains stocks that belong to the same industry, for example, his current system portfolio contain 100% biotechnology stocks. What is even worse is that the number of stocks in the portfolio is 10 or less most of the time and most of stocks he trade is small cap stocks which tend to be very volatile. Don't be fooled by the high return of this system because that return is magnified by the help of borrowed money or leverage. Stripped off the leverage and the return is only half as much. All in all I would say if you like gambling this is the system for you.
This is a volatile system - he tends to short stocks trading near 52 week highs hoping for a pullback. These stocks tend to have momentum so its a risky proposition. On top of that, the system can sometimes place 15 trades in a single day, meaning that you either need to auto trade the system or sit in front of a computer all day. He's only been trading for five months so its too soon to completely discount his strategy - however - I suggest traders exercise caution until he's had at least 10 months of consistent results. I wish him luck.