This will make you feel a little better…
Subscribed and started auto-trade Sept 16, strat begins largest (published) historic drawdown 9/17.
-$30K (most of that in first three weeks).
Now THAT is bad timing.
Yes, unfortunately you subscribed at the top of the equity curve.
In my opinion investors should consider subscribing to a C2 system when it is experiencing a drawdown (say 15% of more for instance), not when it is making a new high, assuming the strategy is profitable and has a solid track record.
Nothing wrong with systems making new highs, but the risk is bigger, from a drawdown point of view.
Of course the investor could miss a big move while waiting for the drawdown, and this drawdown itself may take a long time to appear, if at all.
How many true day trading strategies have survived on collective2 for 5 years etc.? Not many I believe. If that’s true then this is only natural.
Not for me. I’m riding the rocket ship UP! - Chris just had BAD timing. It’s just the bad luck of trading. Painful but nothing to learn. Lady Luck just went THUMBS DOWN for whatever reason. Which you relate to a parameter issue. I followed Chris’ system and he also went through a couple trade signal issues with Multicharts and I faintly remember a ‘coding’ issue for an event that shouldnt have occurred.
Nothing wrong with that, some traders like to buy breakouts (or join systems making new high) immediately, while others prefer to wait for the “pullback” (drawdown).
Again, there is no right or wrong answer, each trader has his own risk tolerance level.
ES NQ Day Trades is not really a 100% day trading system, it can stay flat for 2 weeks or so before opening a position.
Glad I turned off auto-trade at “only” $30K loss… ES NQ Day Trades has gone off the rails:
Based on published trade record, previous cash MaxDD over last 12 months was around -$14K on Sept 9-10 2024… ouch.
That was actually part of my thought process when subscribing/auto-trading after the -$14K new cash MaxDD a few days before I subscribed… trending up generally, but a quick 10%+ drawdown and recovery looked like a good time to jump in.
Obviously it wasn’t. Far and away my biggest single strat loss EVER in that short a period of time, here or personally. Maybe the strat will recover eventually, but almost 3x previous cash MaxDD is definitely at/past my risk/pain tolerance.
C’est la vie.
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If you tend to share when your timing is off (as we all do occasionally!), be sure to share when your timing is spot on as well.
