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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,
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I would like to use a metaphor:
A radio of last century had been well developed and worked well for several tens of years.
An I-phone has come to world much newer and has been improving every year and still need to improve further.
But would you prefer a radio of last century to an I-phone?
Although I-phone still has much room to improve, it however is much more advanced and sophisticated than a radio of last century.
My strategy performance indicates that it is more “advanced and sophisticated” than what you called “system that has already worked well before” . It handily beat them all.
I didn’t have a smartphone before 2013.
But at home I still use a 9 years old Thinkpad notebook, still works fine.
No need for a replacement yet.
And I still have a landline, same phone worked well for the last 25 years.
Same with my “radio”.
Ampllifier/CD-Player/Tuner/Speakers are rock-solid
made in Japan/Germany from the 90’s.
I would never replace them with nowadays cheap-quality stuff.
I’d rather go for old 2nd-hand HiFi.
Same with investments.
I prefer to wait until a new system has becomed “old & reliant”.
Therefore, if your system is still around next year and is also TOS, I would consider it.
Interesting contradiction. You are so confident in your strategy here at forum offering it for 200 bucks per month. But you are not confident enough to put 10k$ on a real account, make it TOS system, and get 5200$ per month.
My real account use much higher leverage than C2 account.
If I make it TOS,my C2 account drawdown would be much higher.
Do you like to follow such a high drawdown strategy?
You can’t compare real account risk tolerance with C2 account risk tolerance.
Suppose my real account use 3 times higher leverage than my C2 account, so its drawdown is 30%(3 times my C2 account),.
So my account goes like this:
real account model:$10000–> $20000–> $14000–>$28000
C2 account model: $10000–>$13000–>$11700–>$15210
My real account has 3 times drawdwon and 3 times profit than C2 account.
Which model I prefer? Real account model. Because it makes much more profit. Is the risk too high? Not really.
When my account has a 30% drawdown, it goes from $20000 to $14000. Does it Jeopardize my account survival? Not at all.
At $14000 my account is still up 40%, so 30% drawdown is not a big risk.
Now if I use my real account model at C2, there would be subscribers who join when my account balance is $20000, and then a 30% drawdown would cause their accounts to go from $20000 to $14000. That will scare them and they are very likely to unsubscribe and never come back.
So you can see the real account and C2 account have different risk tolerance.
I would love to have real account model in my real account trading,as it makes much more profit yet my risk is tolerable.
For C2 account,subscribers would like DD as low as possible.
So why I don’t make TOS? Because that way I would not get subscribers.
Right now you have real account (1st trading activity) and C2 paper account (2nd trading activity). Looks like the activities are around the same but different number of contracts per trade is used.
Now you open 2nd real account, connect it to your system and trade not on C2, but on that account. Win-win situation for everybody. You have the same two trading activities (but now on 2 real accounts), your system is TOS and has appropriate leverage for subs.
Please correct me if I am wrong.
But; I have been looking at your trade list.
You are taking super huge risks at the start of your strategy, and using only 10 K at start in order to have more impressive stats.
Do you really recommend holding 1 GC and 1 CL contract at same time with 10 K account? Yes, I know that it is possible to have daytrading margin rate and open GC at lower margin, but that is not good for small accounts. 2 or 3 bad trades and it makes it super hard to return.
And on 13 April you had at one time 2 TF 2 CL and 1 HG contract. Sorry, but that is super huge risk. One micro “black swan” or unfavorable news and you are wiped out.
On 5th of May, with account value around 14 500 $ you held 1 GC 1 NQ and 1 QM contract at same time. And Interactive Brokers has initial margins 1 NQ = 7038 $, 1 GC = 5500 $ and 1 QM = 1687 $. I think this is not real picture, and it would be nice if C2 managed to display risk and exposure of account in any moment.
High leverage will never happen in this account.
I said I made many mistakes at the beginning.
Actually at that time I didn’t mean to use this account to take subscribers. This account was meant to practice trading commodities, to try as many patterns as possible.
But ever since this account open to subscribers, I never used high leverage again.
I have promised not to use high leverage. If you don’t trust me, don’t subscribe my strategy.
There will be people who choose to trust me, and there will be people who don’t mind high leverage, as long as I keep a low DD.
This strategy has 100 times more risk than mine,yet he once got tons of subscribers.
That’s strategy is garbage. I am sure the majority of subscribers in here will agree with me. Using martingale system n counter trend, that’s definitely the recipe of disaster. That’s strategy has only 4 subscribers, I am not sure if you say 4 subscribers are consider a lot for you. I think, you should compare your strategy with something better, if you compare your strategy with alpha n omega, you will know the answer what the majority people think about ur strategy. I wish u good luck in the long term
I was also not in favor of Alpha and Omega, I am sure anyone can see it is pure disaster.
He traded above 50 ES contracts, I think that is a problem C2 must fix.
Well, here is a problem. And I know you know it.
Since initial results are made with super high exposure to your starting money, that means that they can’t be replicated in future, if you wish to maintain low DD.
If you will not use high leverage what can be expected as a results in next 30 or 60 days?
That leaves me thinking that I have all the right to doubt in future results of this system,
This is quite simple: check the date on which I started to use only one contract( two mini are also equal to one), calculate how much I have won during that period. Then compare the performance of the two period.
I bet you will find the second period was actually better than the first period.
This is because I had significant improvement lately.
PS:
I just checked, I only used high leverage on the first two days, no more after that.
The 3 TY contracts would not be considered high leverage since they are small margin contracts.
One day wonder? My rule is simple. If someone was unprofitable 5 years and one day become profitable, it will takes another 5 years to prove it that he/she is a profitable trader. More unprofitable years, more difficult to break bad habits and repair psychological aspect of the game.
So, please, can you tell me, why did you pick an instrument that traded only 43 contracts?
Can you, please, explain to me, if you had like 20 autotraders, what would happen to them.
That was already reflected in my performance.
I had an order today that was filled 4 ticks below bid.
However , I don’t think that is not accepted. As it was meant on special purpose and will not be likely in the future.
I had this explained in previous post.
One tick is $5, daily range is like 20 or 30 ticks.It was meant to hold for weeks.
So I don’t think it was a big deal.
There are factors that could mean a difference of 100 times that amount.
If you pick a daytrading strategy that you think is good , I can at least pick 10 problems that will cause it to lose hundred of $ on each trade, yet you will still think it is good strategy.
$5 doesn’t make or break a strategy.
The problems I mentioned above does.
