Nope. That’s not designed for that. You have to provide your own customers for that. If you upgrade and your subscribers still came from C2 they still take a cut. That’s why that guy Simplicity wasn’t on that plan. That plan is really designed for a trade leader that already has a base following. That was the first thing I looked at when my customer base grew. Of course it makes sense to pay upfront for a year and keep 100%. I was told I’d still pay 30%. Only for new customers that came from outside C2 is where I’d keep 100%.
I really don’t get why do you want to quit. It is still more profitable compare to your trading.
I think you will not quit and continue to trade after this topic. 
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Oh gotcha. That makes sense, but still seems like not a bad deal all considered in comparison to starting your own hedge fund.
I just hit cancel on my subscription. I’m OK walking away. Some might think money is money either way. I see it different I guess. I’d rather give that up. And I did. It’s official I cancelled my subscription. I can send a screenshot of that if you’d like. Sometimes it’s not all about the money.
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So you finally left your subs in drawdown on payoff matrix and backward induction. Again as I said previously it is a smart move. Sure, you ok. You got your dollar.
Anyway, nothing prevents you to come later under different name.
Why would I do that when I already have a base and customers? It would be much easier to stay and keep bringing in that revenue source that’s already there. Leaving and coming back later just to rebuild all that back up is not the smartest idea. If I was going to do that it’s better just to stay with what I’ve already built. I still would bring in decent revenue even at 40%. If I’m giving that up there’s no reason I’d want to come back. Then I have to rebuild a strategy from the ground up. It would take how long just to get to where I’m at today? So that isn’t the smartest idea. If I’m leaving I’m just leaving.
For a good developers 50% C2 cut + 30% taxes, it is really not too much left. They will go somewhere else. In C2 end up mediocre developers and scammers, and next market correction will make things worst. C2 can only survive by increasing amount of money under C2 strategies umbrella. I’m not sure how rising fees will do it. The way to go is improving the strategies quality by not allowing order execution by touching limit price, removing misleading C2 score and clearly make TOS strategies as preferable.
C2 is like a hedge fund. Lowering best traders salaries maybe will help short-term, but not a long-term.
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Make TOS strategies MUCH less expensive for developers (10-20%) and I would be much more open to signing mine up. Put incentives to manage real money alongside REAL money.
Make it MUCH more expensive for non-TOS developers (60-70%) and you’d probably have fewer of these “My strategy is up 40% in 3 hours, WHY DON’T I HAVE SUBSCRIBERS” forum posts as well. 
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Seems to me that the C2Broker is the best shot at real growth for C2. I don’t know what the background costs and profits are for C2Broker. If there is anyway to make it financially viable for C2 it seems like getting C2Broker to a point were someone can start for $0 and trade their own money for free they could take on some of the market share robinhood is going after. Then after they get customers and their money in the door hopefully they could then market good C2 strategies to them. In otherwords instead of trying to draw people in with high risk high profit strategies draw them in with a nice clean transaction free broker then have the added feature of trade copy etc.
Is shocking that c2 only give you 1 day notice and in the middle of the month. They must be desperate.
“Hey fees going up tomorrow, good luck”
Least they could do is starting sept 1st. So developer can adjust or raise the prices.
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You are really great at marketing your strategy.
Just checked it, your strategy is far away from amazing, the only outstanding point is the high subscription fee.
Anyway, you did a good job getting so many paid subscribers.
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If they can survive that long. I don’t know much about C2Broker but it’s my understanding that you don’t get portfolio margin, you don’t get a mobile app, you don’t get to short stocks (or the universe is very small) which makes the whole thing like a hackathon project rather than a real platform.
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It appears the business model isn’t to give incentive to TOS or non-TOS or any incentive whatsoever to anyone. C2 has their hands in the pockets of not only trade leaders but investors also. It’s already hard enough for an investor to show a good return. Add increased fees and it makes it nearly impossible for investors to make money. I guess they think the mafia approach of a shake down to everyone is the way to go. Good luck with that approach. We’re going to charge everyone for everything and they have no choice but to pay us. Now that’s an lol. Hey if we’re seeing major improvements. Maybe. The platform isn’t significantly changing. No major advancements. I guess they wake up everyday and make these rash business decisions on the fly and hope people fuss about it and forget it after a while.
Didn’t C2 raise fees on investors not too long ago? What did investors get for those increased fees? I think if I remember correctly they raised fees on the plans or number of plans investors can have or subscribe to. People forgot about that?
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Only problem is that they don’t support futures yet so that rules out a lot of strategies
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I am using C2Broker and there are certainly some missing features that are supposed to be coming. So far I have been very happy with it though since most of the limitations don’t affect me much. I enter trades through C2 for it and can do it on my phone though there is no app. To really compete there is certainly going to need to be some improvements.
People should remember that in the email C2 sent out they said, “By making this pricing change, and by making other changes in our operations behind the scenes, including reductions in pay and head count, we will be able to insure that Collective2 survives for many years to come.”
I assume they are telling the truth and they really are taking some tough moves behind the scenes to cut costs. Developers may be upset that they may not make as much but at least they are not the ones that can be classified as a “reduction in head count.” I really do hope that C2 “survives for many years to come.”
True, but most of the strategies that caused the massive losses in February were futures systems. There were obviously others including some of my own non futures strategies that struggled, but I would blame a lot of the losses of funds and customer base on careless use of futures.
I just think there are a lot of barriers to getting involved in C2 - relatively complicated set up, autotrade fees, strategy fee. Again I don’t know if it is possible but I love the idea of a freemium business model where anyone with a small amount of money can open a broker account at C2 similar to Robinhood and trade for themselves completely free. Then if they want to start having others manage money they can pay for that privilege similar to Robinhood Gold. I don’t know the profitability of C2 or robinhood so this may be just a pipe dream, but I still like the idea and think if you can find a way to make it easier to get started with C2 there is going to be a lot more growth. The question is can the financials of it work out.
I think those fees are high but I don’t think its correct to say you paid C2 $30k — the subscription money exists because of C2 so that percentage was never your money to begin with. They provide the platform, you provide the system - you split the money per the agreed terms — if anything they paid you, you didn’t pay them.
That being said I do think that those increased fees is going to drive away more talented people which in turn will result in fewer subscriptions - I hope this isn’t the start of death spiral for C2.
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Well if a business is concerned with survival and they’re doing that bad that they have to drastically increase prices just to survive it’s a business that’s probably already in trouble. They can downsize. Maybe not make as much and be OK with it. They can still survive that way. But I guess they want the same revenue they had coming in from 2017. With all the people on here and the revenue they already bring in I’m sure they’re still making money. So the whole we need to do this to survive just smells of BS. They probably look at all the people on here and say hey they have nowhere else to go so they have no choice. How much does it really cost to run a business where you own no inventory and are basically matching people up? There are certainly costs but whatever revenue is coming in will most likely more than cover that. They like the big money. Let’s shake down every person on here. Trade leaders. Shake down. Investors. Shake down. And let’s give them a sob story about how we need to do this to survive. Am I the only person that smells BS in that story?
I don’t like it either, but I just don’t get your level of anger based on the fact that you made $70,000 in 9 months with systems that returned mostly less than S&P - not that I am one who can really talk about outperforming the market.
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It’s not about me and how much I made. It’s about this constantly raising prices on everyone. That’s the whole point of this. It’s wrong. They raised prices on investors not too long ago. That has nothing to do with me but I still think it’s wrong to keep taking and taking. Again it’s their business and their decision. All consumers can do is decide with their wallets.
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