The opinions expressed in these forums do not represent those of C2, and any discussion of profit/loss
is not indicative of future performance or success.
There is a substantial risk of loss in trading. You should therefore carefully consider
whether such trading is suitable for you in light of your financial condition. You should read,
understand, and consider the Risk Disclosure Statement that is provided by your broker
before you consider trading. Most people who trade lose money.
Indeed⌠77.3% drawdown due to a refusal to use stop-losses (while privately touting that he maintains a 5% stop typically, and 10% worst-case). Heâs yet another example of someone who thinks heâs smarter than the markets, while employing an infantile Martingale technique in a failed effort to mitigate losses.
Regardless of gains, I donât take any system that doubles down on a losing position seriously. It may be able to survive a few bad trades, but the temporal window will come (like these past weeks) where the market will prove it has deeper pockets than the naive system developer who uses this strategy.
Thereâs a reason C2Star certification explicitly warns of disqualification for using said technique.
There were some poor subs that actually fell into a guru trap with this strategy. A guy that âcalled the topâ.
In reality, there are no gurus and one can only assess the markets based on clues but nothing is etched in stone with the markets based on math as there will always be market influences.
If math was all that was needed to make money in the markets then all those PHD mathematicians would be billionaires too.
Welcome to c2. Subscribers just lost 98% in 2 days. This is what make c2 so dangerous! You have developers all they do is martingale non stop into every trade, 1 bad day or 2 bad trades later every subscribers got wiped out. C2 and developer both collected their fees. This strategy didnât even last a week!
Iâm probably repeating myself, but how do people decide to subscribe to such a system? Where did that trust come from? Maybe C2 should prevent subscriptions until after the strategy is 6 months old or so. Just to protect investors against themselves and keep them on board.
Unfortunately, a âlongâ track record is not a guarantee of anything. We have seen âoldâ C2 systems crash and burn with just a couple of losing trades.
On the other hand (like the main character in âFiddler on the Roofâ would say), some âyoungâ C2 systems can deliver excellent results year after year, and with a reasonable drawdown.
For beginners: Do yourselves a favor and backtest martingale systems on e.g. QuantConnect or Quantopian. Then you will understand these âstrategiesâ if a simple Wikipedia link isnât enough. These never win, but depending on design the half life to blow up can vary from days to years. An easy tell sign is when a strategy uses high leverage.
Longevity is not a perfect criterion, but it is indicative of a sound system. I prefer to see at least 100 trades, even if hypothetical. The more trades with good results, the higher the statistical probability of a good system. Unfortunately, this does not cover undisclosed changes of methods by the developer.