1. Communication - Absolutely nothing. Never bother replying to any of my messages. Worst reason of the three reasons.
2. Trading style - Very risky. No stop loss, no risk management. Offence is best defense. When trade is against the market, trader actually enter more trades, hoping when market turns around, some trades profit will offset losses from initial trades, netting to green PL at the end. Problem is, when NQ keeps going one direction like up right now, with trades that size, one can easily hit margin call and cause catastrophic loss. Very dangerous. This only works when market keeps oscillating up and down. Maybe NQ will dip and trades might post profit again but holding onto that much risk and opening a potential to 100% drawdown? definitely not my style.
3. Performance - I am only posting two starts instead of one star, because somehow this has been posting profit.. at least up until now.
Applies a "hold and pray" approach to losing trades, even through weekends when there's no telling where the markets will end up. Also, too many losing trades in a row... 65% wrong (35% right) out of the last 20, with a low profit ratio (if computed against last 20 trades). It doesn't matter how well this strategy does during a bull market - what really matters is how well it does at preserving capital during turbulent times. In that regard, this strategy does worse than flipping a coin.
This is an excellent system in either a up or down market. Solid returns while often hedging means this system will be around for the long haul. Great communication as well. Well done
As Jay Kaeppel ("Seasonal Stock Market Trends") will tell you, how a strategy performs during losing trades is more important than how it performs when making money - conservation of capital when a strategy is wrong is paramount. In the case of Stock Star, it had around 40% winning trades while I was subscribed. In other words, it did worse at picking direction than a random guess. Compared to other strategies on C2, this isn't one I want to bet on long-term.
Managed to lose 1% during the entire month that I subscribed to it. It held losing trades for quite some time, hoping they would turn around. When they didn't, it sold at a loss. Holding onto losing trades (rather than selling early) means your money is tied up and unavailable for the next trade... and not a strategy I'm interested in. I also strongly suggest that everyone manually compute the "win percentage" using the last 20 trades, rather than the system average. This will give you an idea of "is the strategy just guessing in today's market" compared to a bull market.
Excellent communication from the strategy manager with rationale for various trades and market perspective. System consistently hits singles and doubles and losses/downturns are mitigated by taking positions in inverse funds.
Make money when the manager has correct market bias at. Loss when he has correct bias in wrong time frame. Be prepared to lose for a short term as a long term strategy.
This is another forex strategy that scales into losing positions in hopes of a reversal. So you end up with huge positions, hoping that the current trend will reverse. Too much risk for me.
Geared for a bull market and does ok as most systems do but what’s the game plan for a bear market, I’m not sure. Draw down seems a little high and seems long biased.
