I can feel the vendor's rage against the market by averaging down un-reasonable amount of funds. It puts the followers under great risks.
Although joe will likely saves current losing trade, the regular size followers have already blow off their accounts before hanging on to the end.
Like the gentleman who commented on March 22nd, I have also learned a great deal from this trading approach. I've learned that it is better to adhere to a sensible risk/reward approach than suffer massive account-blowing drawdowns for the sake of an attractive winning percentage.
Unlike the gentleman who commented on March 22, my progression as a trader will continue now that I've discarded this system. I'll judge it fair for the lesson learned :-)
To the comments of March 21st. The trader screwed up. He knows it. I think he's learnt a valuable lesson. Hey he's only human. But on the other hand, he's the best trader I've ever seen. Look at his stats. Do you think the big players never have big loses in any one trading year? How risky do you think futures trading is anyhow? If you know dick about it, then expect to lose your shirt. "Take responsibility for your loses." I use this system to give me an alternate take or confirmation on my own trades as I continue to learn this game. Fact: every time I don't follow this trader's advise (with two, albeit, big exceptions), he makes money and I don't. I hope and pray that after these two loses he doesn't shut down this system, because my progression as a trader will stop there.
Another disappointing amateur who is blind to the fact that his stupidity (which he passes off as knowledge) is costing subscribers real dollars. This guy is so determined to salvage his larger bad trades that he'll throw good money after bad in order to do so. It would be really scary if this guy were a licensed CTA.
I was reconing this trader as a serious one with strict money management rules. He proved me totally wrong when all the stops for all the legs have been moved away, just for Sugarcoating the system. I said nothing when I lost big time during the China crash, since everyone got caught up unprepared but his latest string of trades, adding on losing positions, and the massive loss it caused are absolutely unacceptable. Its just an invitation for disaster. I was thinking one might have traded this system with min of $80000 until I saw trader's ignorance to money management by smashing away all the stops. That is just wrong. In my book theres no 2, 3, 4 starts. A system either makes money or loses.
you can trade it if your have more than 10 000 $. In this case you can trade 1 lot only. There is very often multi leg for the trades. You must support it on the point of vue psycholgical and financial.
The P/L is calculate, according C2 rules, by contract.
If one week you made 5 trades and you lost 200$ on each trade, PL write on site is -200$
If next week you made 1 trade and you win 300$, PL write on site is 300$
but in reality you lost 5*-200 + 1* 300 = -700$
not really the same thing !
I use this system only one month, not really lucky, i start exactly the day where there was a very big loss.
never success to win back all what i lost.
if you have less than 20 000 $, i not recomend to buy this system. I you have more, i suppose it's a good one.
The Feb. 3rd review is total BS. The system is very tradeable. Almost all of my trades are made at a better price. The system is easy to use and it makes money.
I have been subscribed to YM Euphoria for approx. one month now. I totally disagree with the review dated Feb. 3rd.
Its entries are with (generous) limit orders to allow for a good execution. With the entry, limit and stop levels are always given (no gambles). If the trade moves in the right direction, the stop is moved to break-even. Parallel legs are sometimes openned (I have not seen more than two legs open simultaneously) but it is not just averaging down. Each legt maintains its own limit and stop price and they are closed independently from each other.
Only EOD-systems are easier to trade. Give it 3 stars because it is still too young at C2.