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No, I just started to follow XLN 500 SP Emini.
It was my first (and only) trade with that system. I wasn’t online then.
Unfortunately I have a fulltime-job, and I don’t have the time to supervise every trade 24 hours myself.
That’s why am paying strategy developers on C2.
I’m also invested in other social platforms (Forex & Stocks) & managed accounts.
No need to log in every day there, because the risk is always limited.
There will be always different opinions in this forum.
Some advise I try to follow myself…
Just stick with facts and don’t get dragged down to personal level.
( be kind, don’t offend others, remain cool and you will be fine .)
If you are trading futures and use futures leverage. A 40-60% draw down is not very uncommon. Futures can make a lot of money and lose a lot of money fast with or without stop. When the mkt was down 10% in like 2 days, it’s gonna be difficult to stop the damage unless it’s a scalp strategy or very short term trades.
Some strategy are buying 1.2 million of ES contracts on a 50k balance, I don’t know what u expect when the mkt has a flash crash? Even a 2% stoploss you already at 30-50% draw down.
use today for example. hindsight i can be mad at all the strategy i follow, because they all “SHOULD HAVE” capture the gains today before the sell off, because Dow dropped like 500 pts in 60 mins. But if we are being idealistic, unless they had trailing gains. its gonna be difficult to make a decision when the market is moving so FAST these days.
agree, that’s my point. any future strategy will eventually have a large draw down, unless its a scalp or intraday strategy.
I advise NEVER scale too high in a future strategy due to that reason, but lets be realistic here, a lot of newbie on c2 try to make 10-30% per month in these future strategy and DON’T want a 30%+ draw down. Sorry, that’s too good to be true. and they also scale too high on there account balance, i only scale 20% of my total acct balance to future strategies. so i know worst scenario i might be down 10-15%. I know a few friends on here scaled 50% and 65% of their total acct balance on a couple future strategy that blew up.
Well, that would be an improvement for this strategy.
I wonder how the performance will look by the end of 2018,
if she really uses hard stop-losses in future. (not mental)
I asked her about stop-losses in January.
She wrote that she uses time-exits instead,
and that with stop-losses the performance would be worse.
I was sceptical about that, so I didn’t follow her anymore.
She also sent me a 20-year backtest that would include
bear-markets & flash-crashes as well.
So at one point she was risking 230% of her trade. She definitely had a HARD stoploss. Right
If they are gonna trade futures, I’m ok with buying it lower once, maybe twice. But these NON TOS futures strategy they don’t just buy it lower once, they literally martingale like 4 folds. That’s not ok with me. Adding to losing position every 15 ES pts, i don’t have deep enough wallet to avg lower forever. Imagine the mkt didn’t bounce back, they didn’t lose anything, I’m down 100k+ in real money. Same goes for me that i scale % higher on TOS strategies vs non TOS I subscribe to.
I might ask her in a few months to send a new backtest WITH stoploss.
Maybe the strategy will improve after the crash.
But still, there were way too many open contracts…
No, she decided to use stoploss only after the strategy crashed.
I’m not sure if it’s a martingale strategy,
apparently there are different 27 Algos in this strategy,
and apparently she used 90K of her own real money in this strategy,
Hope she learned this lesson. For me it’s just too risky.
Instead of focusing on strategies that busted in the crash, wouldn’t it be better to look at strategies that have been profitable for every month in 2018, like NQ FUTURES TIMER?
Nope. This thread is about busted strategies. (see the title at the top)
This way we can analyze mistakes made by the developers and learn from that,
so we avoid making the same wrong subscriptions in the future.
If you want to promote your strategy, the you can do it in this other thread
How is this possible this strategy had DD 100% and now hit a new ATH. The strategy has 100% TOS. Another possibility, the developer has more capital than what it shows at C2. May be Matthew can answer this question.