Bad management of risk. Typical get rich scheme, too risky and getting out of control lately. Ciao!

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.

Let's get out of here!

Martingale system.

Finally I am pulling plug on this system. I am not sure based on trading style if this can be called as a system.

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

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.

I am a new Double Down subscriber of a few weeks, and I have to tell you, Brett is some kind of awesome trader. I started Double Down with a clean slate, preferring not to join any already open trades. I have participated in 5 trades so far, all with gains. 2.27%, 36.90%, 21.08%, 14.72%, and 1.35% for a total dollar gain of $3,400. Brett shorts stocks frequently, and has had some phenomenal gains which I was not able to participate in, as I am funded in an IRA using email signals. To take full advantage of Brett 19s trading expertise I am now using the Auto Trading feature in a cash account. With Brett at the helm, I am looking forward to seeing my account grow. I am fully confident in Brett 19s trading ability, and I am thrilled to be involved with Collective2 and Texas Double Down. Brett 19s communication skills are on par with his trading. This guy is truly concerned about making you money (he has even emailed me to see how my account is doing). He always answers my questions in a timely fashion. Out of courtesy, I normally wait for the market to close before shooting him an email. More often than not, I receive a reply the same night. One tip I would give you when you auto trade Double Down is to email Brett, and tell him how much money you are setting aside for Double Down. He will recommend a 1Cscaling 1D percentage. Collective is a little misleading when they suggest using 100%. Do not use 100% unless you are trading the same amount as the Double Down account. Currently as of May 4th it is roughly 170k. If you use 100% and have less than 170k you may run out of money! I am trading with 90k and using 50% scaling. You can always adjust up or down later if you wish. As I said, I thoroughly trust Brett 19s trading skills. I feel we are seeing the making of a Super Star! Thanks Brett 26. I Love Ya !!!

Even though the system is barely one and a half month old (that is the reason for only 4 stars) one cannot help but be impressed how this discretionary trader delivers on his confidence in his trading ability as stated in his early forum posts and system description. He skillfully takes advantage of special situations while keeping the risk low with judicial hedging. Could this be one of the very rare cases of a master trader on C2? Time will tell, all I can say is, keep up the good work Brett.