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THE SUBSCRIBER PERSPECTIVE

Strategy reviews

Real experiences. In subscribers' own words.

Read what worked, what didn't, and what it was like to follow a strategy.

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Reviews of Magnet

Magnet

I was a subscriber and canceled after losing a sizable amount of money. I see he has recently lost $48,500. on just one trade. This isn't play money to subcribers. This "system" loses that amount of money due to bad or no stops. additionally, if stops were in place, it wouldn't get the two points he shoots for, because he hopes for a reversal. When the reversal doesn't come, he loses tons of money.

Magnet

I would normally give this a much higher rating but the developer has not publicly shared results or details of his own trading with this system or of backtesting so let the subscriber beware, or be aware. If the trade risk of this system can be quantified this could be a very good system, but for now I have to say the risk factor is unknown. NOTE: this review was originally submitted on 11/22, before the large drawdown today (11/23)

Magnet

the system is great, but if you expect to use TradeBullet and autotrade, expect some serious fill issues due to C2 limitations.