The opinions expressed in these forums do not represent those of C2, and any discussion of profit/loss
is not indicative of future performance or success.
There is a substantial risk of loss in trading. You should therefore carefully consider
whether such trading is suitable for you in light of your financial condition. You should read,
understand, and consider the Risk Disclosure Statement that is provided by your broker
before you consider trading. Most people who trade lose money.
All the systems that did well last year are all gone, most have failed. I don’t think successful traders have time to be on C2 , when they are trading their own account.
I still have nightmares thinking about the blow up with MCprotrader, you guys when remember that one, lost everything over night.
I’ve never traded forex, but in a ~$20k account, MWTech sometimes has 20-30-40 contracts held (see 11-14 entries, for example). Isn’t that a lot of leverage?
You may want to study how MWTech trades before drawing the conclusion, subscribers can scale down and set stop loss limits to control risks. If you found another strategy out there showing the same stats (Sharpe Ratio: 4.5, DD <20%, 70% winning rate, 122% returns since this July) please share to the audience, I believe the intent of this chat was to share point of views of good systems that are left after a bad year for trading.
Dare I shamefully add fiveHedged strategy to the discussion - near fully hedged, five-stock portfolio, surviving current downturn (quite well I might add!)…
Goal = gradual growth, deep-value stocks, max 2x leverage, and did I say hedged?
Statistically a larger number of strategies will fail versus successful strategies. In the longer term, only conservative strategies have the highest chance of survival.
Strategies that over leverage can make huge quick profits but will fail in the longer term when market conditions change unless there is some kind of edge. Also, many of the strategies in C2 tend to average down and even double down which require real expertise and a hard stop which most don’t seem to have.
The fact that current market conditions are volatile will only expedite the losses. Under one directional markets many strategies can thrive and even look amazing.
It appears he capped the number of subs. He sent a message out on December 12th to those who attempted to join the previous evening:
You received a message on Collective2 from DayTradingIncome.
Sent: 2018-12-12 09:06:34 ET
Good morning. At the moment, I am not taking new clients. Thank you for your interest. At this time, I will remove all the accounts that joined overnight. If you are interested, please check in periodically to see if anything has changed.
I think you need to explain out what you mean by “Good”.
Do you mean performance only, performance relative to S&P, performance relative to risk, low DD, good money management… Maybe all together…
Define what looks important to you and then can be professionally addressed to the question …
Of course, always, in the end, investment is a subjective matter
Actually, it was doing very well…
but it was less than 2 months old, so way too early to subscribe and follow with real money.
Thanks for the information.
That’s very unfortunate for those C2-members who were only simulating & testing this strategy.
Usually I wait a few months before I subscribe, just because most strategies do fail within the first few months.
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Is it still trading right now?