I read all of the comments and I understand that the “blow up of accounts” is a very unfortunate situation, but currently as things stand this practice is supported by C2.
If histories can be hidden, and it is discussed as openly as is discussed in this forum, then surely, it is a lever that C2 grant for traders to hide their “oopsies”.
In my view, it will take C2 a weekend to produce 2 sets of statistics for each trader, one for the current strategy and one set for the traders cumulative strategies.
This will ensure that an investor has the opportunity to hide its “naughty children” and also for the investors to still have an overview of what a trader is doing over all of its strategies…
But they are not …
As it stand Faith trend as a strategy is one of only 5 strategies that can show a lifetime of over 90 days, max drawdown of less than 5%, average leverage of less than 5, positive growth in the last 3 months, and a Sharpe ratio over 1.
All of this points to a trader that is very rare on this platform. If Faith Trend cannot be promoted, then the promotion of any strategy should be stopped.
The max leverage is offset by an average leverage of under 2 that is remarkable, and if you investigate the trades that caused the higher leverage, you will see that the losing trades was abandoned at the time that the trader saw that they were not coming back into profitability, and replaced by enough winning trades to still end the month in the green.
I respect the other comments that is in many regards my senior on this forum, but if bad trades is anything to go by, we should write a collective letter to Cathy Wood from this platform, even though i suppose it will land in the bottom of a huge pile.
The next steps forward is totally in the hands of C2 in my view, and my suggestion would be:
- A second set of statistics as I pointed out previously - it is both wrong that previous strategies should be hidden ever to be lost, or that it should hang around the neck of somebody to be hit with forever.
- Starting a new strategy if you have a loss maker on your books, should have a cost to it - even if such a thing can easily be circumvented by registering under a new name, it will take extra time to build up a name.
- Terms of service should also be updated to close accounts where it is found that someone impersonated someone else only to run a strategy - this is the basis of most countries financial intelligence acts, so that should already be in place.
- All strategies should be fitted automatically with a maximum stop loss, example 30% and an investor will need to remove such a stop loss as an action from their side.
- Investors need to opt in to follow trades further on a strategy where the automatic stop loss was triggered.
Thanks for the opportunity to chime in on this.