Today i opened C2 and saw an Ad that is at the bottom of my comments. Being able to go short a system as the Ad suggests encourages giving bad reviews and attempting to rattle system developers. In addition there are issues that some have expressed here that suggest that their signals and account data are not being accurately communicated to their users. What can collective 2 do in order to stop this?
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C2 ad below
See a stinky system?
Sure, it’s nice to find a really good trading system. But like so much of life, at C2 bad stuff outweighs the good stuff. What can you possibly do with a trading system that stinks?
We have an idea. What about AutoTrading a bad system in reverse?
You can automatically go short when it goes long, go long when it goes short. This is a new feature called Inverse Trading. If you’d like access to it, send us an email, and we’ll enable it for your account.
That’s not an ad, Steven.
It is a description of a feature that C2 itself offers to customers - the ability to autotrade any system in reverse (that is, to “short” a system). I don’t have any plans to remove that feature at this time.
Matthew
In other words as a developer, you could make money and have lots of subscribers by creating a really horrific system. I am sure it’s not that easy. My guess is you need to:
1. Believe you are right.
2. Be very enthusiastic.
3.Be very emotional.
4. Sit in front of the screen all day and look at the charts and your PnL
5. Follow you instinct, especially when your adrenaline shoots up or when you are in panic: Buy when price shoots up and have seen it go up and up and up and can’t take it anymore. Don’t sell if the price sinks. Seriously, feels terrible exiting a loser. Wait… Sure it keeps falling. Just stare at it in disbelief. Sell when it comes back up at least to break-even…
6. If you are starring at the candles and nothing is happening and you are bored to tears, buy some, sell some. Maybe you 'll wake them up…
7. Read all the major popular financial news and analysis. Watch CNBC. Believe them. They want you to win.
8. Listen to other people’s opinion. Especially if they have a “tip”, or a sure thing. Just follow it.
9. Call up a major bank and find out when their sales people are pushing their funds the most. Check which ones, It’s time to buy!
10. Don’t follow a strategy. If you must, change the rules every time a trade doesn’t work out.
11. Always use stops and always place them at the main support level.
12… Once you lost 50% (and have lots of subscribers) just give it up. This system will take care of itself. Start a new one. You 'll be getting free money.
Keep in mind that to be fair to followers you cannot do the obvious tricks:
a. Over-trade
b. Use too much leverage and no diversification
This may result in the “Ultimate” loser: Both you and your “short” subscribers will loose money.
Maybe we can then short the subscribers