Just saw the message from the administrator who believes that his system is due for a crash of 35% or more(which to me says up to 100%) he has had a great run as many systems have in this bull market but seems to be getting cold feet. I’m honestly very nervous of the advent of losing what can be 50% or more of my hard earned money. He gave the warning now it’s on you. Good luck.
He blew off an excellent first month and went under the radar, no more communication with subscribers. A clear signal he is not committed to his strategy.
Mixed feelings - Had sub'd due to the quite incredible stats of the stat but have pulled my sub due to a martingale strat being performed. Recommended account size is ~$50k but after trading 1x YM future ($140k notional) and a few losses it was scaled up to 2 lots, then 4 lots until a win to recover the losses. The strat holds onto positions for short times (less than 1hr but still I had 11.2x my account size exposure. Too hairy for my risk tolerance.....
It's a combo portfolio. btc + bond + momentum 3x stock etf + gold + vix. Use it when you need a long term strategy. It has strong performance recently so if you have large capital, 125 usd per month might be a reasonable price.
Imagine this... 21% drawdown on just one trade, after doubling down time and time again to try an salvage the bad trade, rather than setting a stop (e.g., 5%), taking your losses, and starting a new trade. The net result of this purely Martingale strategy - a $70,841 loss on one trade alone! The only reason this person's strategy is still alive is because he's hyper-extending his leverage while doubling down on losing bets, then utilizing a pray-and-wait approach in hopes of a bounce-back. Though he makes money (so far), the risk is too great and the technique (Martingale) proven to result in disaster eventually.
Seen 1-2% difference between model and actual entry/exit on each side lately. So gains are much smaller and losses bigger than 50% of model. not sure if it is IB, the delays of C2 or intentional.
A talented trader, started well, but failed because of no risk control.
"Those who fail to use stops eventually stop trading. You can't drive a car without breaks and not crash... it's inevitable." --Mark Minervini