System always looked like a crash waiting to happen. Despite the 168 hour delay, all but one trade has been accounted for. It was 50% dd, now about 40%. Perhaps someone with more info can answer if it’s open or closed. Strongly suspect open-it will either recover some more or drop more and likely disappear when the system goes private. Be interesting to see how many contracts involved-if we ever get the chance to see.
You gotta love this part of the Strategy Description:
Most times use mental stops…Try to limit the max DD to 20% in case of black swan event. I rarely have time to answer questions.
So you’ve got mostly mental stops, he will “try” to limit the dd (or is it up to the subscriber?), and don’t expect any answers to questions! Talk about what has been a very successful bad cop marketing approach! And this is the same guy some time back who got bent out of shape when the forum wasn’t falling over themselves to answer his questions! Which should have gone to Support anyway.
His last Description statement: Please make your subscription decision solely based on the C2 trading records.
His futures trades since auto trading with customers on 6/27 is down about 25%. And C2’s Community Risk Warning did little good for a lot of subscribers. I credit C2 for doing it months ago. It’s worth showing again:
Community Risk Warning
Based on analysis of trading style, and additional community feedback, this strategy exhibits higher risk than is visible in its track record.
Among other things, this strategy exhibits:
Hidden Tail Risk. The strategy has hidden “tail risk.” This is the risk of unlikely, but catastrophic losses. Some strategies with tail risk can perform well for long periods of time, even years, but all gains achieved (and much more) can be lost quickly when the unlikely event occurs.