Totally irresponsible trader. This particular strategy started with a very small number of trades and all of sudden in the the last few days started to become very aggressive until today when it really became irresponsible. In a span of 3 hours with 8 losing trades out of 10, with a total loss of $30k to the account, I could not act fast enough to stop auto trading.
I believe this particular trader had a similar disastrous behavior last year and I'm totally stunned to see that Collective2 allows traders with a known history of damaging customers' accounts to continue under new strategy names.
After this experience, I became convinced that Collective2 is a very dangerous platform to trust your money with. Yes, there are very few trustworthy and consistent strategy managers that you can trust but had to come by.
Completely irresponsible.
Recommended account is 50K, yet he trades up to 68K in positions. You get filled on the losers, then he takes a few that are winners and he's exceeded your account size and don't get filled on the losers. Then, he puts in another large trade that loses and you again get filled on the losers, but not the winners he takes to hedge it out.
He ended up deciding not to trade anymore after collecting the subscription fee and making 2 trades during the first week. He also consistently overstated profits. I will never subscribe to him again on any forum.
Overall the strategy is good and price is reasonable. So far volatility looks controlled, no crazy upside or downside. I feel confident that the strategy and trader knows how to manage it in a bearish market, unlike many others in C2. Trader has implemented Stop loss and profit is coming consistently. He/She responds quick to your questions, but not very communicative in a regularly basis. In general I am enjoying this service. Keep the good work!
I guess this is not working. Just got lucking in bull market in 2020 and to mid 2021. Yesterday was a huge mistake buying TQQQ. Better to buy/hold in ETF's to make better returns than wasting money with subscription fees.
I believe that the algo is buying TQQQ on the dips correctly in a long market. However, once in bear market (last few weeks) we should be selling the rips (buying SQQQ dips). this is still buying TQQQ dips and will lose in bear markets - losing the advantage of SQQQ.
Very careful trader, uses stops to get in and out. It will be interesting to see how the strategy does in a bear market, it's great in a bull market especially since it's hard to find a SWAN (sleep well at night) strategy that trades TQQQ.
Huge loss in December 2021....maybe it will recover in 2022, maybe not.
But one thing is sure... due to the very hight leverage, it's going to be bumby :-(
Danny is a great trader with years of experience. He manages risk while maximizing returns. His focus is on retaining capital - this is what I like most about Danny. The key to a strategy is longevity - check out the history - Danny's strategies are first in class. No strategy makes money constantly - Danny's strategies consistently make money and minimize risk. That is all you can ask for. Danny's strategies are #1 for me.
Danny is a great trader with years of experience. He manages risk while maximizing returns. His focus is on retaining capital - this is what I like most about Danny. The key to a strategy is longevity - check out the history - Danny's strategies are first in class. No strategy makes money constantly - Danny's strategies consistently make money and minimize risk. That is all you can ask for. Danny's strategies are #1 for me.
I doubt there is an AI. It was just some simple moving average or some trending - you do really good coz of TQQQ in the up or down trending market, YOU WILL LOSE money in the choppy market. It doesn't beat the buy & hold. There is no alpha - subscribers just wasting their money.
Been with this strategy for months and no net gains, lots of promise but not delivering. Getting stopped out on days where there is a bounce and should have stayed in - strategy leader has "tried" various stops and no stops adjustment to the strategy in response to complaints. I am hoping to keep some patience and let the strategy work as we know all strategies have their ups and downs but this one has me about $8k in the hole on top of the monthly fee. Hope this strategy manager is aggressively working to adapt this strategy to keep pace with the market dynamics as it seems it was optimized for more of a solid uptrend
The artificial intelligence here doesn't know how to deal with market declines as there were yesterday, Yesterday there was a sharp correction in the market and all this was missed because no mid-trade operations are performed here.
90% of the operations are carried out either in the first minute of trading or last minute before trading ends.