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Question for the community - when you see TOS 500%, does that mean he is actually trading 5x what you see on C2? Or is it the opposite - he is trading less and scaling it up on C2 5x?
Just curious because if it is the later it is a clever way to make your $200 monthly fee look negligible.
give us an example of what you don’t understand.
Looks like a normal system to me. Swings for fences, but will take losses and not blow up on a single trade (might blow up after a bunch but won’t leverage the whole system from what I can tell).
only thing i can see is he does buy down or average down up to 7 YM contracts. but im always nervous trading futures. massive gains and massive draw down on a weekly basis. If you can handle the volatility then i dont see any issue with it.
I have traded this strategy in the past and in my opinion it is not a martingale system. If the market begins to tank he lightens up on positions, if it appears a rebound is imminent then he adds contracts, if the market moves against him he’ll lighten up again, ad infinitum until he closes the trade.
I felt reasonably comfortable trading the strategy but with 7-8 contracts, volatility scared me out in late January and, well, everyone knows what happened in February.
I subscribe and it’s not a martingale strategy. He trades up to a max of 8 YM contracts. A normal position is 5 or 6 contracts. It’s a trend following strategy. He manages the positions somewhat. for example, if he’s long and the market tanks, he will get rid of most of his position quickly. If he’s only long a couple of contracts and the market dips a bit, he might add a few more to get up to his normal position of 6, etc.
C2 doesn’t always show his trade position sizes correctly, because it add up all he ins and outs of a single position which means it sometimes erroneously shows that he’s trading huge position sizes, like 20 contracts or more.
i actually review the last patch of detailed trades. i wont say its consider martingale. but what he does is he buy as mkt goes lower, and sells a few when market goes higher. i also seen him stop out after 4 to 5 trades lower and he will get out a couple contract and buy back in lower again and out when is back out.
so its almost like he is trying to keep avg down, but when it doesnt work out hes willing to get stoploss and gain some cash and buy it lower again.
just my 2 cents. here is a good example during the last pull back:
2/5/18 4:44 @YMH8 MINI DOW LONG 8 24939 2/7 13:25 25070 21.19% $5,147