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Reviews of Commodity Long Term

Commodity Long Term

Rating: 1 star, because I can't give it 0 star. This a Boom-or-Bust system. More than likely, it will go BUST for the following reasons: - The manager(s) are married to the idea that commodities, especially oil, can only go higher - NO respect for trend - NO hedging or stop loss - ADD to positions even as losses mount - Some of the trades are in penny stocks! - Shorting a 3x leveraged ETF, so when you're wrong you're horribly wrong!! Add to that the borrowing cost for shorting - NO COMMUNICATION with subscribers; they have apparently abandoned the system as well as the subscribers Undoubtedly, oil will rally, even if briefly, at some point in the future and the high-beta holdings will rally even more - atleast, those that are not bankrupt by that time. So the system may show up as a best performer for a short period of time (daily, weekly) but that would hardly make up for the huge losses already suffered. As I write this on 8/19/15, the Max Drawdown is shown as 95%!!!! This would require a 2000% gain just to break even!!! Good luck with that. I would suggest C2 check the background and track record of people who peddle systems on their site.