Horrible lately. Buying EOD high, selling EOD low and waiting till very last min to sell when market showing all day lower intraday highs and lower intraday lows. 20% exactly the wrong direction EOD just like today.
Failed to employ any meaningful risk control, leading to implosion... despite Colin's assurances (that he implements risk controls) to the contrary. When evaluating strategies and their methodologies for risk control, do not trust anything Colin tells you.
Very bad.
Subscribed to this strategy thinking it was a conservative one looking at the way it was managed. very low drawdown over a year and was actually part of the C2 as well as other strategies under this manager.
but looks like a kind of craziness have taken over this strategy manager who in past seemed to have a conservative approach but recently has been blowing all his strategies the same way.
Was promised a strict risk management plan and was given a blown up account a month. -70% in 2 months or less is honestly a crazy feat that i could not be done. Congratulations Dr. Pogi!
Trades profit and loss rather than risk reward on a particular trade. If you enter in the middle of the day and the account is up, too bad. Does not close losing positions, which obfuscates C2 trading log. Keeps doubling and redoubling down against the strength of the market, even though it passes through several resistance levels over the course of hours. Poor trade entry. Does not wait for appropriate breakout patterns to scale or enter trades, so you get beat up for it, and they stay in the trade longer to try to make up for it, putting way more money at risk. C2 should show more of the intraday shena***ns in the strategy plots so that we would know to stay far away before the recent losses. Short or long it and forget may have worked during the last year, but in today's market it does not work.
I received a review request today, around the time of my 1 month strategy renewal. I don't know if the request comes from C2 itself or from the strategy author. Anyway, here is my review. The strategy author has chosen stocks that are sensitive to overall movements in the market, as well as just being good stock picks individually. I can also confirm that this strategy works well in an IRA, even though it is not advertised as IRA compatible. As each round of positions is closed, the strategy author leaves most of the cash in the account. Over time, this means the strategy becomes less sensitive to market upswings and downswings, so if you want to continue to risk more capital in order to maintain the higher returns from early in the strategy's life, you must scale the strategy upwards. Personally, I hope that the strategy author decides to notify subscribers and start an Infinity 2021 version, or if not, I hope that the author does not mind if I keep scaling the 2020 version higher. (For example, if the author eventually abandons the strategy, I would appreciate notification well in advance since I autotrade the positions at a fairly high scale.) Even if the market experiences extreme turbulence in the future, which would cause a similar strategy launched in 2021 to experience a lot of ups and downs, it is my belief that this kind of strategy can form a strong component of an appropriately hedged multi-strategy portfolio Since I am using an IRA, I must hedge using futures and options rather than the stock shorts this strategy sometimes uses. Therefore, I hope the strategy author continues this type of almost totally long stock portfolio well into the future so that I can subscribe to it as one part of my overall portfolio. Thank you to the author, LeonardoFranci_Nexit, for offering this strategy to the community, and thanks to Matthew Klein and the team at C2 for creating this website where the community can exchange mutually beneficial ideas.
The performance speaks for itself - the trader lost >20% in one single trade and >50% of account in what was like 3 trades. I can only suspect that he does not know what risk management is. Traders do get unlucky but this one was actively piling into a losing trade instead of cutting at a loss and move on. Suggest everyone to AVOID
Like the name says it's a "buy high, sell higher" momentum strategy which works great in a bull market. In a sideways or down trending market my positions with this strategy get hammered. System will take new positions in already red-hot overbought stocks and not take advantage of pullbacks. However I have had some occasional grand slam winners with this strategy and the admin communication is fantastic, so sticking with it for the time being.
The system has basically been flat for the last 8 months, despite it being a bull market during that time. No communication from the trade leader during that time.
VERY HIGH RISK- THE MANAGER DOES NOT MANAGE RISK- STRATEGY IS TERRIBLE- MASSIVE DRAWDOWN - VERY DISAPPOINTED- GAME OVER -STAY AWAY - I WOULD AVOID THIS STRATEGY LIKE THE PLAGUE/COVID-19.
I joined C2 last November, and I was cautious jumping into this auto trading and especially with AI TQQQ. I am impressed with the trader's Algorithm as I have tracked the same TQQQ using traditional momentum trade signals. AI TQQQ has been right more then he has been wrong, especially during the choppy trades. I have scaled 10% upto 100% as my confidence has grown with his trading algo.
Excellence performance since launch day. Great return for me since subscription. From performance perspective it is definitely a 5-star. Don't know much about its algorithm, cannot speak on that topic.