Doesn't appear to be managing stop losses very well. Losing lots of up and down swings while holding a position at big negative balance. Perhaps need to change to micro contracts until few profitable months so that averaging can be done. It us disheartening to sit in red even in 2nd month.
Aggressive contrarian trading style in daily futures contracts which is often profitable in the end BUT the strategies come with considerable large overnight or longer drawdowns. That was my experience. You must be considerably patient and control yourself during those nerve-racking spikes at times. Too much stress for me! If you are suited for the rock-n-roll trading gyrations, Trade Detector is eventually more often profitable and may be right for you. Good luck!
I had had high hopes for this strategy but have finally come to the realization after losing a great deal of money on many of these C2 strategies, that this concept just does not work and is very high risk. You do not know these people or their real intent or capability. I would have been better off losing money in this down market in a mutual fund.
There was great promise with Jim, and his strategy. I feel dupped, however.
It hasn't gone well at all as you can see from the serious draw-down for both his strategies.
Positives are that he used his own name; prior professional from ML--you don't see many on Collective2 using their own name.
He really should not be on Collective2 as an auto-trading service. He is trying to get subscribers, and this is not going well.
On several occasions, he has missed major market moves/action/events because he is not around, or golfing (he is retired)-do not auto-trade with him for this reason alone!!!
This is a timing strategy he created over many years. He tried 'selling' it to Hedge Funds, but they stated to him his strategy would fail and what he developed was not possible to achieve the returns he promotes, I think they were right, even though I think Jim thinks he can achieve them. He makes 'enhancements' after serious mistakes and failed trades. Ahhh, why so many enhancements, what can he possibly be doing, and 300 parameter and inputs to the formula--of course, he states it is all proprietary.
He honestly thinks he has found the holy grail.
Jim, spends 3 hours nightly crunching all the variables and inputs to come up with the next day's signals.
"My strategies take over 3 hours to calculate (218 Excel spread sheets) each evening"---wow!!!!
How did I get suckered into this nonsense, apparently a very sophisticated and time-consuming process, but he often will not place his own trade the next after all of this work. Again, no not auto-trade as he is very unreliable to even follow his own signals.
Be careful as he will send you continuously spreadsheet with all these brands new 'enhancements'-constantly tweaking; his yearly results are ridiculous and of course, & no-one can achieve what he is promoting. Professionals have told him this, and now he is on Collective2 willing to destroy your hard-earned money with no remorse.
This 'spreadsheet' seems to only serve the purpose as to pull in naive subscriber's (like myself). But we all know, disaster is lurking around the corner and these strategies all too often as we see on Collective2, hurt so many. They all blow up, they call it 'volatility'. In the beginning he didn't seem to have any problem promoting how great his strategy was performing. As predictable, of course, when his strategy suffered serious losses--the messaging and propaganda changed in his nightly updates. He quickly changed his promises and promotional garbage.
I hope he does well and will follow only peripherally.
I am hurt he banned me from posting/making comments in his activity/social feed for no reason-I was never harsh and asked legitimate questions. He is concerned his only subscriber might comment on the problems that have developed.
Lastly, Jim claims he is following both his strategies with $250,000 for each--that may be true. Perhaps, he needs to get his TOS certification, so subscribers know he is really following this 'hedge' fund quality signals as he says he is. Ultimately this is all on me, never follow anyone unless they have TOS and they are trading their own money. Don't follow anyone that has a spreadsheet that shows annual returns that you know, are simply impossible. It is just typically a means to lure you in!!
Bottom line, stay away!!
There was great promise with Jim, and his strategy. I feel dupped, however.
It hasn't gone well at all as you can see from the serious draw-down for both his strategies.
Positives are that he used his own name; prior professional from ML--you don't see many on Collective2 using their own name.
He really should not be on Collective2 as an auto-trading service. He is trying to get subscribers, and this is not going well.
On several occasions, he has missed major market moves/action/events because he is not around, or golfing (he is retired)-do not auto-trade with him for this reason alone!!!
This is a timing strategy he created over many years. He tried 'selling' it to Hedge Funds, but they stated to him his strategy would fail and what he developed was not possible to achieve the returns he promotes, I think they were right, even though I think Jim thinks he can achieve them. He makes 'enhancements' after serious mistakes and failed trades. Ahhh, why so many enhancements, what can he possibly be doing, and 300 parameter and inputs to the formula--of course, he states it is all proprietary.
He honestly thinks he has found the holy grail.
Jim, spends 3 hours nightly crunching all the variables and inputs to come up with the next day's signals.
"My strategies take over 3 hours to calculate (218 Excel spread sheets) each evening"---wow!!!!
How did I get suckered into this nonsense, apparently a very sophisticated and time-consuming process, but he often will not place his own trade the next after all of this work. Again, no not auto-trade as he is very unreliable to even follow his own signals.
Be careful as he will send you continuously spreadsheet with all these brands new 'enhancements'-constantly tweaking; his yearly results are ridiculous and of course, & no-one can achieve what he is promoting. Professionals have told him this, and now he is on Collective2 willing to destroy your hard-earned money with no remorse.
This 'spreadsheet' seems to only serve the purpose as to pull in naive subscriber's (like myself). But we all know, disaster is lurking around the corner and these strategies all too often as we see on Collective2, hurt so many. They all blow up, they call it 'volatility'. In the beginning he didn't seem to have any problem promoting how great his strategy was performing. As predictable, of course, when his strategy suffered serious losses--the messaging and propaganda changed in his nightly updates. He quickly changed his promises and promotional garbage.
I hope he does well and will follow only peripherally.
I am hurt he banned me from posting/making comments in his activity/social feed for no reason-I was never harsh and asked legitimate questions. He is concerned his only subscriber might comment on the problems that have developed.
Lastly, Jim claims he is following both his strategies with $250,000 for each--that may be true. Perhaps, he needs to get his TOS certification, so subscribers know he is really following this 'hedge' fund quality signals as he says he is. Ultimately this is all on me, never follow anyone unless they have TOS and they are trading their own money. Don't follow anyone that has a spreadsheet that shows annual returns that you know, are simply impossible. It is just typically a means to lure you in!!
Bottom line, stay away!!
Fantastic trader. Excellent gains so far. Highly recommend. Disciplined approach with stop losses. Helped me to recover big losses from many other C2 traders to date. Looking forward to gains in 2023 going forward with only the best C2 traders. No more bagholders on C2, who lose it all and more, and have fake results over the long term. Thank you!