Over the last 18+ months, I've lost 15%... Potentially worth holding onto longer term. Switched management shortly after I subscribed, which makes it difficult to continue holding (although the original manager is still in touch with the current manager, according to a conversation several months ago). Unsure whether it will ever return to its best years, but still seems to avoid massive losses ... Just not seeing the gains. Hmmmmmm..... I'm on the fence!
I subscribed to this strategy about a month ago. At that time it was ranked #15 in the C2 system and it is now at #1. First the positives. I doubt that there are many strategies on C2 that have a trade leader with the expertise and experience such as this one. I could be wrong on this but I did my homework on the creator and came away very impressed. The monthly subscription fee is relatively low compared to some others and he keeps the number of trades fairly low as well....at least not an exorbitant amount. The trades he does make are 75% profitable. He uses very little leverage and gets great returns. Over the 6 months this strategy has been active there has never been a month that was not profitable. As for the negative aspects, there have been a couple of periods where I was not comfortable with the drawdowns. Also, It is sometimes hard for me to get fills on some of the trades because I trade with less than the recommended capital and at a reduced scale but also because IBKR is unable to find shares available. Because of these negative issues I would give it a 4.5 rating....still an excellent score.
With 5000 dollar to follow this stategy i am bleeding on commission. Thats why i stopt, but still i think you can make money with a substantial amount to follow The Momentum of Now.
I was just onlucky starting at the wrong moment when things got down
When the market was good and predictable, this was doing amazing! Just like every other program.
Unfortunately, in this unpredictable market with social, political, and economic uncertainties, the algorithm just doesn't keep up and smooth out the rough spots to at least minimize losses.
Strategy developer seems to have changed many of his strategies., over the last week. Another futures developer that is about to crash and burn because the developer changes everything and seems to be experimenting, and with very little communication?? Be careful. Warnings and major red flags. It is not the same system, and he changed it-with little explanation or follow-up to the bad trades. Seems to be taking a lot more risk on. Very erratic trading and seems drastically different based on concerns derived from slippage and market orders. Sent a message prior stating if 'performance doesn't improve' he would soon 'shut the strategy down'. That is not a good, at least warning us. His LucidMNQSwing-you would think that he would be trading only MNQ contracts--today it traded an actual NQ contract causing a significant loss to the system. Trades prior all MNQ and then this week, it starts randomly trading NQ contracts. Then, he creates another strategy with no explanation and starts charging $300, we have seen this before. Time to jump off the train before he runs his strategies into the ground. Would be nice to get feedback from him, which might help, but this last 2 weeks, so different now. This could end badly. Developer needs to message the subscriber ASAP to provide great details to what is going on. I would love to think this strategy survives and does well for everyone, but look at some of the actual trades, particular his MNQ swing--not cool and dangerous to subscribers that weren't expecting to have such increased risk to switching to NQ contracts, that is someone that doesn't value his subscribers.
I have followed this strategy for 3 months now, and I am still don't feel fully confident about it. It seems Strategy Manager changes trading strategy every 2 weeks and is difficult to evaluate efficiency, besides the feeling of high risk involved by changing strategy without proper backtesting or confidence if it will work well. Sometimes I feel strategy has good entry points, but fail a lot to find the optimum exit points. Communication is poor, I wish he/she could improve it.
I'm pleased with the performance of the strategy for the month I've been subscribed to. The Strategy Manager sends out periodic communications and I think he is doing a good job with the strategy!
worst strategy... stay away from Karl Colin... he is crazy trader and doesn't about stop losses.
keeps adding on loosing positions. He ruins accounts and then come up with new strategy with new name.
I don't know why C2 don't ban him from putting strategy on their platform. Remember his name Karl Collin
Returns look good when you review the strategy but I didn’t get the same returns as I rarely got the fills for the orders by the brokerage - the strategy shorts micro caps that are hard to borrow. Strategy traded on choppy CPI day and lost heavily on both the long and short side!
Initially I thought he knows his game and he made good amount. But he has no plan in case his trade go against him. I lost more than 40-50K . please don't trade with him.
this trader had a lucky start, however, he insisted to short the USD/JPY again when he almost blew up the first time, since then he had gone against the FED, JCB, big trend and leveraged to the neck but give up totally on his stops, praying the JCB would intervene again to save the trade. I had liquidated since he moved the stop second time...
Dont allow such badly maintained trade leaders. There shoudl be some deep level checking to allow such bad trade leaders. I was messaging him on what he want to do on the trades and he seems taking revenge on his subscribers. A totaal SHAM and SCAMster.
C2 team, please do enough checks to keep your reputation.