Writing this review in response to several of the previous postings.
Vendor has demonstrated that he has a system which can be traded profitably over a period of 5-6 months. While I do agree that several recent trades have been less than inspirational, a few trades in the context of overall system performance in my view do not warrant a jump to negative ratings.
4/5 for overall return thus far, and good communication from vendor.
The Vendor should take profit of the trade after the draw down since this trade achieve good profit and would have recouped 1/2 of the preceding draw down. Most of the profit were take with less than 200, why NOT this one when its profit is around 500 and did not seem to run up and stead reverse. So there is inconsistency the the money management scheme and this mishap well likely hurt the system performance and will likely cause the system first loss this month. Hopefully the system will revert to its previous consistency to help its subscribers building good equity.
I completely agree with previous reviewer. Looks like Vendor is desperately chasing the market trying to quickly recoup recent losses. Losing positions are being held longer and longer and a losing position is held over the weekend once again.
Investor's strategy takes advantage of well chosen stocks that show sustained long-term gains and has moderate trading that lowers commission costs and taxes. Impressive, just what I need.
Excellent system, obviously traded by a professional. No unnecessary exposure as system is only in the market for short times. Equity curve speaks for itself and monthly fee is quite low. Easily one of the best systems on C2. A trader who trades less frequently but still manages to reach these performance levels is a good thing for subscribers, not a bad thing.
This is good system! Small, low risk, consistent. Manageable DD. A great way to scale gradually. Nothing beats slow, stead profits with minimal account volitility. Disciplined trader who really know how manage is trades.
It seemed like a very interesting system, until it stopped working! You should have implemented that equity curve trading you mentioned. Most likely, you would have avoided most of the recent significant drawdown.
Well managed system with great entry calls. Larger draw downs are there but infrequent. Creator communicates well, and the equity curve speaks for itself. If you're prepared to sustain the occasional short term drawn down, this system can be quite profitable.
Everything started going wrong since you increase the subscription, too fast, too greedy.
What about all those system you have close in red?
http://preview.collective2.com/cgi-perl/system/sysreports.mpl?report_type=byvendor&system_id=25286922
I suppose that I joined this system at exactly the wrong time. It has done nothing but drain off 50% of my account. It appears to be a computer automated system that is in serious need of a tuneup.
After I subscribed and immediately got hit with 5 consecutive losses resulted in 6,500US loss. The last 2 trades when it hit 2k loss, I shut down auto trade and liquidated to prevent further loss. This system is very high risk! and you can loss a lot of money in no time. Since I can sustain this loosing rate, I abandon the system. If you have deep pocket, you can stay through out to see if it can recover.
I really like this system. The developer is consistent and communicates regularly with subscribers. He does not average down. As with any system that targets very high returns, if the position goes against us there can be a quick drawdown. However, to date the system has always made it back to new highs rapidly.
From what I can tell the system was born out of 7-10 YouFunds. Each one is trading different small volume ETFs but makes most of its gains on TVIX. This one was getting the best results and so it was published over to Collective 2. It continued to get good results for about 30 days. Unfortunately I was paper trading at that time. Once I switched over to money trades, I only experienced spectacular losses in balls to the wall strategy with no stops and real money management. I would regularly wake up to 15% (on position) draw downs. The definition of insanity is doing the same thing and expecting different results. Be very careful subscribing to systems like this.
The system had a couple of outstanding months. But, as a friend once said, even a blind squirrel gets a nut once in a while. This system is gambling not trading. Direxion TNA/TZA hit the lottery several weeks back, now it stands on its own merits. Time is always the great equalizer…given time the flaws of this system are becoming apparent: very large positions, no stops, taking positions against plain indicators or with no indicator at all and (what seems to me) very emotional entries/exits – pride will steal your bankroll every time. I would have discontinued my subscription to Direxion TNA/TZA even if there weren’t ignored emails and a fee increase of over 70%, but in addition to the recent terrible trading that didn’t help. Look elsewhere.
Started out with outstanding results followed by a period of sideways performance and now is facing the test of sustainability..in terms of positive monthly returns.
Good news is that the system has protected against the dramatic losses likely with 3x leveraged ETF's..all -in-all a system to watch and tip-toe into.
After seeing good stat, I subscribed to Frog SP Daytrader and unfortunately got immediately into a draw down and lost almost every trade. I reduced from 10 contracts to 5 and after a few more losses reduce further to 2 contracts and after some more losses reduced to 1 contract and still loosing. It was having good stat and reversed immediately after I joined. To me the stat that matter to me is the stat during the period that I subscribed and it did not turn out too well. From my experience most systems on C2 performed well for a period of time and then under-performed. So without long history, it's hard to judge the system's long term performance. For now I exited this system and looking out other systems to test out my luck
sp500-trading.com is a rare consistent moneymaker (trading futures) on Collective2, with a solid 2 year record. Due to the nature of it's buy oversold/sell overbought strategy, it does get into some deep drawdowns on occasion, so if you can live with the drawdowns, I would strongly recommend this program.
I chanced to visit this system provider website on Nov/6/2009, the website has a simple message
Are there any better systems of this type out there? I have not been able to find any but if you can let us know.
Till date my search continues,
didn't have much luck with this system and fees are increasing 70%. Difficult to manually trade. Cut and paste overview is difficult to understand. Vendor not particularly helpful with questions. It has had a couple of great months though.
Excellent discipline and great communication. This is still a young system but so far he has been able to consistently pull in 3-4 profitable trades each week. So far, I am a happy subscriber.
