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I have been lurking around this site for awhile and I have some reservations before sharing in this site. I was wondering (if you guys that have been here for awhile) would be kind enough to give me some honest feedback.
As my post says I have been trading for over 30 years. Floor, Institutional Desks, and Prop (most prop).
I currently work at a large prop firm but they do not allow me to trade the way I enjoy the most which is a swing trading style only day trades mostly. Thus I wish to transition from my prop to managed accounts and this web site seems interesting to me as away of substituting my prop trading income.
My main concerns are : 1.I do not wish to show all my trades to the public but only my key stats. My methods took me many years to develop and I do not wish to educate traders (at least not for free). It’s pretty easy for people to watch a successful trader for a year or two and get a solid idea of what they are doing and that is something that I wish to avoid. So my first question is that possible to hide my trades and only show the results and stats and second if you only saw the stats would you still invest or buy my strategy.?
Next C2 is not really clear about how many subscribers each trader has and the lifespan of those subscribers. Is there away for me to see exactly how much each trader is making accurately from subscribers over the traders history. ?
Thank you for your time and patience all responses are appreciated.
Hi Steve good luck on C2 - believe me most investors are here to allow the systems to do all the work not pinch your strategy - even with transparent stats it would need a seasoned pro to turn those into a decent system. One of the key benefits with this site is its transparency so I doubt you can hide trades but others will respond that I am sure. I like extracting trade records too see how much risk providers are taking with each trade, but that’s as far as it goes. If you click on the auto trade data for the more popular systems it gives you idea of possible sub numbers which run into the hundreds for popular systems. Regarding profit per subscriber - the main difference between C2 and other services is that the investor pays a fixed non profit related fee per month ie your subs - so you just need to price to attract enough investors to make it worth your while - lower prices/better performance will obviously attract more investors.
There is no way currently to only show stats. Even if they were to change the interface and hide trades from non subscribers, trades will always be visible to subscribers because they execute in their accounts.
As for how much you can make on subscriptions, it’s not much unless you think $100,000 is a lot (and most don’t make even that much). If your strategy is good you will make a lot more with the strategy than from subscriptions.
Interesting chart, I hadn’t seen that before. I’ll make a guess though, and say the chart is total cumulative earnings… not annual. Am I wrong anyone?.. And there are systems that have been here for years… so my point would be that the odds of making enough here to live off the fee’s are pretty low. But add those fees to your own personal profits? It’s your call.
I don’t know for sure, but I bet that $572k system was years ago… I seem to remember once seeing something saying that a single system had netted $400k in one year in fees. pre-2008 maybe?
If you generate really good stats, you’ll see people try the free trial, then move on, or re-subscribe under a different name. Some % of those free trials will turn into paying subs… I doubt it’s a big %. I believe most subscribers are here for the free trials.
I agree with previous posters comments. One thing, you can hide your trades from the public for 168 hours, but that doesn’t accomplish what you’re after.
I’ve noticed a lot of subscribers don’t seem to study the readily available trading history. They look at % gains, a few other items, and done. So my guess is there’s little chance that anyone will be studying your system with the intent of copying your methodology.
Look at C2 from the viewpoint of a subscriber. Honestly I think C2 is a better deal for subscribers than system creators, at least for those that have enough sophistication to avoid the BS systems and enough capital to diversify. Even as guy who runs his own strategies there are systems here worth subscribing to and the rates are independent from how much you trade the system with.
You can manage a non-public system on Collective2. It will not solve a requirement to display only the track record without trade details, but might be an alternative to consider. (Aside: I’m the Head of Product Marketing here at C2, and if there is enough request for a feature, we consider it. That said, C2 is about promoting systems and trade signals so suppressing them entirely is counter to the model).
In addition to the subscriber opportunity, we recently launched ScoutAlpha, a CTA program where select C2 trade leaders can participate in a percentage of performance fees and AUM fees. Non-public trade systems may still qualify. https://collective2.com/about-scoutalpha-for-strategy-managers
