And yet, you just said, just one post ago:
“It was about subs accounts, NOT earnings.”
No comment.
It’s just crazy if an individual can create a new trade leader account so it doesn’t show any history. It just feels like a grift with no legitimate reason why this is allowed if it is. I curious to know how many paid subscribers are on C2 after being around for 20 years.
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And how do you know if the best traders on C2 have not already created dozens of accounts in the past?
In any case it is not important, traders only want to know if a particular trade leader can help them make money or no, here and now, the rest is irrelevant.
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He’s referring to your math about wiping out $1m, it was about wiping out $1m from subscriber’s accounts via loses, not via the subscription fee of $17.50.
Any C2 system can do that, even the most popular and profitable ones.
Hello,
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It is my gross mistake to take such leverage even in the correct trading idea. There is no excuse for this. It’s a shame. Excuse me if you can for such a disgusting result.
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After working out a trading idea for the British pound, I completely transfer my trading systems to a new profile, because I see no reason to develop this profile with such a curve and such a terrible drawdown at the moment.
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For subscribers, I recommend setting the parameters for the maximum entry no more than 5 lots and the risk per month no more than 10%. I will adhere to these parameters myself.
Delta FX (Forex) | + 6.1%, max dd - 2.2%
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funny))) our song again) …no comments
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@MatthewKlein Is it correct? what is your opinion?
Thanks,
Best Regards,
It happens all the time, there is nothing strange about it.
Quick example: System X has 50 subscribers. This system experiences a drawdown and loses $20k in two months. Collectively the subscribers lost $1 million, even though no martingale was used.
A prior track record of doubling down on trades and blowing up accounts IS relevant. Especially if your system effectively relies on this to make a nice looking equity curve for a while to lure investors in before blowing up. Every. Single. Time.
But the bottom line is Michael is a paying C2 developer and C2 needs his funds. So he will be allowed to continue to lure unsuspecting investors in before blowing their equity out of the water…
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Hello,
1) Thanks for your support, criticism and activity on my thread.
2) Thanks for subscribing to my system Delta FX (Forex) | + 7.5%, max dd - 2.2%
For subscribers, I recommend setting the parameters for the maximum entry no more than 5 lots and the risk per month no more than 10%.
After working out a trading idea for the British pound, I completely transfer my trading systems to a new profile, because I see no reason to develop this profile with such a curve and such a terrible drawdown at the moment.
Medallion X (Forex) | + 34.0%, max dd - 52.4%
Medallion CME (Futures) | + 7.6%, max dd - 29.6%
Medallion xPRO (Forex) | + 8.6%, max dd - 50.1%
Michael
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Stupid discussion . Subscribers still have the ability to stop this martingale behavior by putting a limit on the trade size . Plus they can exit the strategy at anytime they want . No one is stopping them aka a stoploss .
Or do they want a babysitter to watch their accounts for them . Its their obligation as well to be responsible and have risk management .
The money is in their brokerage accounts not in the developers’ .
Blowing their accounts ?! lol
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C2 has nothing to do with this, it only publishes/broadcasts live trading signals for a fee (or for free during the trial period), nothing more.
Also note that Michael’s systems are all currently profitable (as of this writing).
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Hello,
Thank you for your interest and subscription to my system.
Attention! I recommend that subscribers in the settings set the parameters of the maximum entry no more than 5 lots (50,000 USD at 100% scaling) and the risk per month no more than 10%. Be sure to do this.
Michael
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I believe a GoFundMe may be in order for Michael as he’s down quite a bit do to lost subscribers. If anyone is versed in starting a page, please respond.
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100% agree with you.
Perfect and in depth analysis! 
Some minor additions:
Please note that C2 is also a paid service to the investors.
I also noticed Michael subscribed to his strategy with real money.
His trading loss ideally should be greater than the income of his subscription fees.
In this game:
Michael – loser 
Investors – loser 
C2 and MatthewKlein-- winner 
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Still being mean to your fellow C2 traders, eh?
You never quit, do you?
Again, this kind of ungentlemanly behavior will only hurt you in the long run, you can count on that, regardless of your C2 track record.
His entire strategy and equity curve relied on buying more of losing positions until they turn positive.
So, yes, you could set risk limits and trade size limits, but you won’t get the nice positive equity curve before the crash. You’ll get garbage.
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There is no need to defend traders like this. Such system failures (a) decrease potential funds of subs and (b) decrease trust of subs in the other trade leaders. Both lead to decrease of the trade leaders income.
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