Latest Martingale Systems (and other ways to go broke fast)

Trading and Markets
141

Adding to help-you-to-lose-your-money collection:

Aggressive Equity Sleeve

Aggressively looking for subscribers :slight_smile:

2 Likes
142

I too lost about 40k on Ascendant TY. A complete scam these guys

143

I think they’ve been doing that for years. System after system, all Martingale, all eventually wiping out their subscribers. People can’t get enough of it.

144

Their system is not available now. What is the monthly result for last 3 months?

145

146

hi,
new here on C2, is possible to “see” how many subscribers in each system?
thanks,
MT

147

[quote=“OldSchool, post:146, topic:8199, full:true”]
hi,new here on C2, is possible to “see” how many subscribers in each system?thanks,MT
[/quote

No

148

hi,
many thanks for information
MT

149

To estimate subscribers:

Choose a system and click “Show AutoTrade data” and then click on a recent “orange icon” to get the table of AutoTrade brokerage fills. Copy the table into a spreadsheet, use the quantities and price to figure the value of assets managed by the system (which is probably more important than subscriber count anyway). To estimate subscribers divide the total assets managed by value needed to trade the system at 100% scaling.

1 Like
150

Its an idea but it doesnt tell you how many are subscribed to the system , most of the time you get multi fills per subscriber , i’ve noticed one of them trades 32 emini contracts .

151

Right, it’s just an estimation. It tells you how many 100% scaling subscribers there would be if everyone subscribed at 100% scaling. It’s the best estimate I could come up with. I’m all ears if you have something better.

1 Like
152

Anyway you dont need to calculate “assets managed” , just divide the total amount of shares/contracts auto traded by the developer’s trade size example : 40K shares traded divided by 400 shares - account model - = 100 X @ 100% scaling .

153

I calculate assets managed because I find it a more interesting value than an estimated subscriber count.

154

The calculation i gave you will give you assets managed as well , in my latest example it would be 100X .

1 Like
155

many thanks for your comment now i have a idea :smile:

1 Like
156

BlueGirls systems blowing up as well… keep an eye out for a new alias, its coming soon I would put money on it.

157

Rain Man another system to be doomed soon. As it is the case, trader does not respond. He only responded to the first email to lure me in and now when things turn sour, he disappeared. It has happened so many times to me!

158

Crazy options 2016 - also looks like in deep shit:

159

wow, after all those forum posts, he destroys the entire account in one trade. I wonder if he cost someone their life savings? Next… on “American Greed”!

Stopped trading 3 weeks ago, soon to start over with a new system, just like rain man, blue girl.

160

By the way, and it’s been said lots and lots of times, if you limit yourself to ToS systems, systems where the manager is trading with their own money along side your’s, you should experience much more long term success than you will chasing the latest ridiculous “80% gain in the first month of trading” sorts of systems. I understand there are legit traders out there who live in countries outside of the US, and so it’s difficult or impossible to open accounts in supported brokers, but this is your money. Without ToS you are essentially rolling dice.

if you’re willing to settle for, say 30% or 50% real returns instead of 300% or 500% fictional returns followed by complete account destruction, then in the long run I believe you’ll find yourself doing much, much better.

5 Likes