Long term this strategy seems to do ok, although imho they do not trade often enough. I have seem the holdings go up in value, no action, then drop significantly loosing the profit, yet to repeat the rise, no sale and drop again. Long term they do extract some value but it could be better.
The system manager sends long emails explaining the technical which may be a good thing except its rarely ever useful. The main point of following ( and paying for) a strategy is to make money ( or loose less than the market does ). IN my experience of last 12 monhts or so - this strategy has failed in doing so. He also is not very good in responding to questions. Overall i will give it 2 stars.
You'll see this strategy has pretty impressive track record in the long term, but I started autotrading 6 months ago, and I'm only up 5%. Guy doesn't know when to take profits, he relies too much on his rules based system. Will sell TQQQ at 65 the end of one day, only to buy at 70 the next day. This screws us on wash sales and taxes. Shame on me for not selling myself when we were up 30%, but then again the whole point of this site is to not have to trade ourselves! Shame on me, I know no returns are guaranteed, but I'm really disappointed with the results.
Not sure where to begin with this. I guess the good is that I did make a little money with this strategy. Now the bad. It has been said that he is a good communicator. I would say that he is a frequent communicator but you can only believe about half of what he says. The strategy makes great money in ascending markets because of the triple leverage he often employs. However, he does not use stops and there is nothing more frustrating than seeing good profits vanish and turn negative when the markets head south. I started turning off auto trade when I was sitting on a good profit but this defeats the whole purpose of C2 does it not? I no longer want to sit at my desk and monitor the markets. There is too much golf to play! Having said all of this I would advise those interested in this strategy to take a look at the "strategy activity details" of Mr. BlackBoulderTrading. They are very telling. It appears as if he got lucky with this particular strategy for the time being, unlike many of the other strategies that he has "killed." This guy seems to be nice but I am not sold on this strategy. My inexperienced daughter with no knowledge of the stock market could make money in a bull market. Due diligence.....
I have been following this strategy for almost a year. Luckely I made some profit by the end of 2023, But 2024 so far (Jan-July) is not convincing at all. As long as the markets were climbing slowly the strategy made profits, but all the profits made in the last few weeks/months got lost again within a few days, when the markets turned around. It's a mess. Last year the trader wrote to the subscribers that the strategy would make tons of money in 2024 when markets are bearish, but so far the strategy still went long when the markets were falling in April and July. While other strategies quickly went short and made money. So for me in 2024 this strategy was a waste of time and money.
I gave two stars, because I made some money last year, but otherwise I couldn't recommend it to anyone else.
I have to look at the overall trend of this system and not the current trade. Started in January this year and LET has made me good money so I can't complain. It's never fun to have a trade well in the money then deep in a hole but I'm sticking with it. The daily briefings are informative and times like today reassuring. Sticking with it.