I was a subscriber of MC and convervesomething, both were the super top systems on C2 last year. Conserve guy went postal in his later trades that he continuously averaged down against the trend instead of being conservative, and I pinged him multiple times to point out obvious anti-trend trade he made but he never responded. I took loss immediately. Then he busted. At that time, I had auto system trading setup and i could see other 10-20 super big accounts linked to his system. Those accounted must have gone belly up losing millions of dollars.
Then I also quit MC system. Why? Because selling option for premium was not worth my monthly fee. Everyone could do it. I didn’t need someone to drive my car when I could drive just fine. But I admired his consistent performance. That guy felt sincere too, expressing how he came here because of a bet his friend challenged him, while he’s already financially free. He played C2 bug for several months to get 20-30% gain a month to attract attention, and then started selling for premium for 5% a month, in a bull market. Many people on the forum here warned it’s a risky business by selling options.
Now, we all see the unfortunate result, that many good folks warned again again last year here.
The market will bounce soon for a couple of days, but dozens of millions of dollars will vanish due to margin call tomorrow morning. Those are hard working people who bet on a system, and I feel really sorry to see this.
As for MCpro, he’s not a bad guy in nature, and he’s a smart person, but he made a wrong gamble here. He should not have got into this “game” with such high responsibility of hundreds of subscribers. He does not need that fee if he’s financially free already. He could have done a blog to educate people, for the good cause.
And, I feel amazed at the absurdly large amount of horrible systems published by “gurus”, especially self promoted systems in the forum.