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thanks for the reply. i didn’t know the closed PL is in the statistic section. Yes, i think when you mentioned the system that “day trades” we all can figure out which system you are talking about.
i totally agree with you regarding changing from no delay to max delay after Friday. but i guess that something c2 allow developer to do. maybe he changed before closing the position?
But I didn’t realize that what he did until you mentioning it on here. because from my perspective not like people cant tell just by looking at the graph after Friday, plus every VIX system on c2 got hit with the large drawdown; like both of my system, trading volatility and all other good vix systems on here all got hit by the surprising spike. So not like he can really hide among the VIX crowd.
Yes, more specifically everything can be found on the “Daily Change” section of the “Statistics” area under the relevant headings, “Open PL (start day)”, “Open PL Change $”, “Closed PL Change $”, and “Closed PL Change %” There is definitely a legitimate reason to delay your “closed trades” result as a means to prevent hanger-ons and freeloaders trying to piggyback off your system without paying for it, which I wholeheartedly support and believe is C2’s intended purpose for the systems, as stated by Matthew Kline earlier on this topic. The issue is those who somehow may believe that temporarily “hiding” these bad results and delaying the inevitable from public view will somehow allow them to get a few more paying subscribers before those results come to light (i.e under the Trade Record section).
Again, this “168 hours” was never the norm for this system in the past (not even 1 minute delay), so it is certainly too much of a coincidence it happened right after the system’s biggest loss of the year. A developer can at any time “delay” your results (up to the max 168 hours) and it will retroactively “wipe out” any trades from the Trade Record that had previously appeared on it before (on the previous days etc) that now happens to fall within the new mandated “delay time frame”. I know for a fact that 7 days of trades that were originally on that system last Thursday showing under that system’s Trade Record all of a sudden “disappeared” after the 168 hours delay was instituted by the developer, so it doesn’t matter if the trade that triggered such an action was closed or open before then.
And as you said, virtually all the VIX systems did suffer so my guess is that only folks who may be new to C2 and possibly just focus on merely at looking at the overall system’s performance would fall for such an attempted ruse to lure in more subscribers.
What kind of a subscriber that wont subscribe to a system just because of one trade loss of 900 dollars ? This proves what i’ve always believed , subs dont accept looses , less than 90% win rate is not acceptable , they cant handle it .
You are right, this recent drawdown also weed out any subscriber who does not have the stomach to trade 2x VIX etf or can’t handle the volatility of some strategies like my. Very interesting to see how fast people un-subscribe after Friday and the following Tuesday.
I mean he’s only down 20%. Much less than other VIX system including my own. I wonder why he feel the need to switch from minimum delay to max delay.
You said: plus every VIX system on c2 got hit with the large drawdown; like both
of my system, trading volatility and all other good vix systems on here
all got hit by the surprising spike.
It is not true.
My strategy SVXY/VXX/ETFS didn’t get hit.
SVXY/VXX/ETFS also performed well during brexit, during which your strategy also get hit big.
A strategy that can’t avoid getting big hit in big market drop, simply can’t survive a bear market. it also can’t survive market correction like in August,2015 and Jan 2016.
Sorry didn’t mean to lumping your system into my reply. Most vix driven system on here definitely not as superiors as your system.
I have no idea how my system will perform in 2008-2009. But August 2015 I was up 12% and Jan 2016 I was up 18%. Metric driven vix system don’t just blind short vix or hold long Xiv forever. But a 3% drop in Spy and 40% pop in vix didn’t change the metrics enough to long uvxy/vxx. It got close on Thursday.
Yes, it does seem as though if you do a small amount of due diligence you can tell how the system is doing up to the previous day. Although I have only been aware of C2 for about a month, they appear to be among the most transparent of all sites offering “systems for sale”. The way C2 accounts for commissions, trading expenses and calculates return seems extremely fair and accurate relative to almost any of the other web sites that offer signals, trading calls, or anything of the like.
