This system is more of a long term building a portfolio strategy which I preferred at first but most positions are on riskier nasdaq stocks with some naked puts which have not done well in the last month or two. Could come back but I'll take my loss and move on
The trades appear quite erratic and do not seem to follow any process or method.
There is almost no risk control. The trader opened around 15 simultaneous positions in SPAC companies and almost all the SPACs crashed hard. What is the point of diversification in multiple stocks if all those stocks are extremely similar and correlated as well all high risk compaanies.? What's even worse is that the trader missed the big run up that the SPACs had earlier in the year and FOMOed in at the top prices. After that he proceeded to hold on as the positions kept crashing.
No risk control. A gambler. Dare to hold 5 Emini over weeks. Highly volatile. Look at the Chart. Your account could be wiped out if you do not have sufficient capital.
I've only been on this for 2 months, so it's not fair for me to review this strategy in terms of generating alpha.
However I can review Tony's communication, which has been excellent. I appreciate him swiftly answering my quieres to satisfaction.
Have been very pleased with this strategy and the developer. In my opinion, probably the best Forex System on C2. The developer maintains stops to easily control risk, which is why the drawdown % is so low. He does an excellent job communicating to his subscribers and even on occasion forwards an email explaining his thoughts and reviewing current trades. Upon request he provides detailed information of his strategy and system. He has also published an article in a forex magazine. All in all, in my opinion, an expert in knowledge and execution of forex trading.
This strategy option has delivered every single month with some very nice GAINS. If anybody out there need a for sure winner to follow, it's "Discover Ur Options."
I found this strategy while I was searching for _lowest_ Maximum Adverse Excursion (MAE) futures strategies that could be used in an IRA. In my opinion, it is a perfect strategy to pair with Infinity 2020, because that other strategy retains a lot of spare cash and is strongly dependent upon the overall long uptrend in the market. The AlgoTrader NQ strategy uses that spare cash to trade Nasdaq 100 futures contracts, both long and short, meaning that AlgoTrader NQ can act as a hedge when Infinity 2020 has down trending days, although obviously no performance guarantees can be made for this setup. Recently, the strategy author, AlgoTraderLLC, and I have been talking about NinjaTrader and the implementation of C2 Autotrading and Smart Portfolios. In those contexts we have talked about risk. I can tell you that AlgoTrader LLC is very strong at NQ futures risk management, the strongest I have seen on C2 in a futures strategy, in fact. A lot of effort is made to cut the losses early, especially in recent weeks with the market turbulence. It is extremely impressive to see. However, when I said I was going to write this review, AlgoTraderLLC cautioned all potential investors that the outstanding performance seen since Feb 23rd (when I joined) cannot last, and that investors must be prepared to lose money, potentially lots of money. I have one final request from me as an investor to other investors. AlgoTraderLLC mentioned that a lot of people send messages about individual trades or trading days or weeks. So from one investor to another: being a trade leader with hundreds of thousands of dollars riding on every click is extremely nerve racking. Please do not bother the trade leader if things don't go perfectly. The trade leader knows what happened (unless it was a technical error with autotrading itself). There is no reason to distract them while they are trying to interpret what the market is about to do next.
Puts get assigned often then the stocks are held long-term which means that these losing trades do not show up in the trade history but drag down performance. Plus holding the stocks ties up cash that could be used to sell other puts. Seems like a losing strategy in the long run.
I can see why he got the good reviews earlier. But, anyone can be a star in a strongly bullish market.
I am not pleased and I don't think he realizes he is messing with people's life savings or retirement and not some video game.
Seems to sell puts on wallstreetbets types of stocks so timing is crucial and has been off more than on. So you end up owning stocks in downtrends. Selling calls on them does not make up for the fact that you are holding a bunch of losers. And the premiums drop like a stone when the stocks are in a downtrend.
There's not much to be said when a trader fails to implement any type of risk management... leading to a 50% draw-down on just one trade! You would be foolish to think that Colin's track record (prior to implosion) means he's learned how to use stop-losses to limit catastrophic losses. He's completely irresponsible at managing client funds.