Is it a bad tick or its subscribers lost all their money?
Hope it is a bad tick.
Just few days, developer asked subscribers what is WOW effect for them?
Think he managed to make really WOW effect if this is not a bad data.
Unfortunately, both of them are loosing money. Most likely, the developer must create another new system. It is very hard to survive with this current low capital to trade in the real acct.
This is more like OUCH than WOW. Can settle on WOUCH.
I’m just wondering. His acct was $60k and 118% from last month. It took less than 2 hours that has his acct became negative appx 22% YTD. Why C2 allow him to trade Option 600 contracts NFLX $167.5 ? That trade requires tons of margin and what is the buying power with that small act?
My point, With filter from margin requirements and buying power as similar as real IB acct to prevent the developer to do over trade. Bottom line, if subscribes loss money from overtrade because the developer is using overlimit , C2 will loss clients.
Developers can create a new model n making great money from paper trade but when subscribers are loosing trade , it is real money.
2 Likes
Agree with you that there are some things about margin that are not logical.
Other thing that makes no sense is impact on price. OK; only for ES you can “ignore” impact on market with 20 or more contracts, but if I am not mistaken that NFLX put and call he traded had only 6000 options traded, and he traded 400? That is not good. It can’t be executed at one price, it has to have slippage, partial fills, etc.
Can that be limited in accounts depending on size of account here on C2? It is like that Alpha and Omega 20 or 30 ES contracts, all the way up to 100 ES, it was only a matter of time when it will blow up.
Yes, his trade is fake trade, especially with that low capital. He can have sufficient margin but sufficient margin doesn’t mean he has sufficient buying power to do trade 400 - 600 option at one time. He can not liquid all those contracts at the same time. How about the subscribers ?
That’s why, I prefer TOS, especially for Option models. I am not saying all Option models non TOS are fake Trade. Many of them trade with normal quantity n show a decent profit. Not like this model, above 100% in a month n the next month is negative YTD.
The prices for his trades in C2 stats are defined by auto-trader’s fills. So looks like the prices are correct.
There are a few important points:
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The point of any given Model Account track record here on C2 isn’t to say: “Yes, I, the Strategy Manager, bought 600 NETFLIX options.” Rather, it is to say: “For every $60,000 of capital you want to deploy following my strategy, my recommended quantity is to buy 600 options.” That implies if you deployed only $30,000 for the strategy (i.e. if you chose a Scaling Factor of 50%), you would have bought 300 options.
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The fill price shown by C2 in this case reflects the real fill price received by all the strategy’s AutoTraders.
Yes, it is absolutely true that if a single person tries to buy a lot of any particular asset – or if multiple AutoTraders try to buy a large quantity of the same thing – then a lack of market depth will probably mean that the price received by each incremental trader will becomes less and less favorable as the quantity increases. However C2 incorporates this fact into the resulting track record you see. If you click on the the little “autotrade fill” icon next to the trade in question (see screen shot), you’ll be able to study exactly what quantity was really traded and at what price. And - lo and behold! - the average price received by real-life traders exactly matches the price shown by C2. That’s because C2 displays the real-life prices of real-life AutoTraders.
Neither of these two facts is meant to suggest that I personally think this trader’s style is a great idea appropriate for all (or even any) traders. In that regard, the results speak for themselves. I’m just trying to correct your apparent misconception that the fill prices shown on C2 bear no relation to actual prices. That’s not true.
2 Likes
And answering on the question of the topic - it is not broken. If the trader easily get 100+% in 1st month, then he can easily get -50% next month.
Thanks for clarification.
My idea was not about C2 not reflecting real prices (I checked autotrade data)
but about developer being very reckless and chasing insane % with super high risk.
One single trader taking 10 % of entire day volume, what could go wrong? 
But yes, all subscribers are adults, and responsible when they follow something like thiswithout any due diligence done.
You should pay attention to his performance after he got subscribers.
He may had 10 accounts in private and pick out the one that had best performance and show it to public.
So 100% or 200%, that performance before he got subscribers has no much meaning.
You could also find a few strategies in the leader board that had very big different performance before and after they got subscribers. Just be aware of this.
PS, I just found one option strategy that short calls and puts, which was in the first place in the leader board, has disappeared.
Do you mind to share, which model are you referring? That can be a good learning for this forum.
I believe it is Mcprotrader
It got a hit and fall out of leader board.
It was a horrible mistake on my part, I can assure you that it will not happen again.
Have I blown people’s faith, I have no doubt, but if there is anyone that is still willing to give it a chance. I will do my best to not disappoint.
I disregarded the mechanics of my strategy
Was it just a week ago you claimed to teach us, the inexperienced in trading options, how to play this game? In that time too, you explained that you only done a few mistakes outside of the risk management scheme, or something similar, and those will not be repeated.
People said you won’t last 6 months. Well, that was optimistic.
When you learn how to trade options come back and we can discuss.
I just hope for the sake of subscribers you didn’t do too much damage so far.
5 Likes
See what’s funny is leading up to now, there wasn’t a problem.
For a month
Obviously I know how to trade options.
Here’s why I traded the way I did:
The previous day we a sharp down day, a standard deviation or two type move, so I was watching the futures market looking for a hint at a bounce. We didn’t continue the descent, and opened green
This was the call side, only looking to lock in profit of 0.20-0.30. Then we started to drop, so got out of the call side and entered puts, this was when markets decided to start the uptrend I was expecting to happen.
So that was what happened, like I said I disregarded the mechanics to my strategy and relied on instinct rather than what the chart was showing
It would be interesting to hear what subscribers think about those trades.
Been looking at your trades. You really think holding 250 SPY calls overnight on 25 K account is wise and risk controlled?
From what I see, main and only idea is to average down hard on losses and hope for a bounce. Sell gains really fast, but hold onto bad trades for really long. That way can work even in 90% of time, but when it breaksdown or breaksout against you, it will wipe you out.
This way; it is only a matter of time when something like that NFLX trade on Friday repeats. Not if, but when.
Maybe it would be wise to reduce number of options traded, and work on risk management.
Good luck in future trading.
2 Likes
Options are dangerous, fast gains , fast lost, too much like a casino
