Hello people,
I just want to give a shout out that I decided to make my 100% TOS system LongTermGrowth free of charge. I´m using broker transmit to drive this strategy.
REASON:
I made the decision roughly one month ago (beginning of May) when I noticed that my initial concept wouldn´t work for subscribers in the long run. Back then I was still selling options on a selection of underlyings. These underlyings have proven to not have tight enough bid-ask spreads in their option chains. Since Autotraders get executed with market orders this has lead to bad slippage which is strategy-breaking if I also want to charge anything for the service. So I had to adjust the strategy which made the existing track record somewhat useless for any other purpose than to get a vague picture of my trading behavior.
The initial concept included 3 strategies.
1: technical swing trading by selling or buying options or going long/short in the underlying.
2: Mean reversion of volatility, utilizing XIV after meaningful spikes
3: trend following option selling
So one months ago I have set the fee at 0 and shifted the system to only go long/short stocks for strategy 1 and still trading strategy 2 (if a spike of magnitude happens which wasn´t the case ever since).
So in essence I dropped the option trading with very few exceptions for hedging purpose if need be. But then I´m on the buyer side and only trade very liquid markets, so for example currently I´m long 1 VIX Call.
I will continue this strategy at least till the end of October so I have a 12 months track record or until I topped the maximum equity high by 5% - which ever hits first. This is just a personal goal and you can profit from that if you like.
So if you want to follow my very personal trading you´re free to do so. Though it´s only any good if you pay the autotrading fee because of another system anyways, otherwise the potential profit would be lessened too much. (if you follow at only 100%)
I´m happy about the 2 subscribers that stayed trustful after the changes and who had made a bunch of profits alongside myself during the last 4 weeks.
All the best,
Alexander
