High risk!! system does not buy the DIP, average down (DCA) hoping a soon pullback, if black swan event (like Tariffs now), can draw down till who knows... even the same black swan event got the lucky JackPot (90days tariffs delay) and comeback like miracle clossing at lost only -3k or so, BUT with an unrealized scaring max DD of -34k (-82% on the trade) and almost temporary lost of the 50% of the whole account. So dont get confused, check the trades and the stats.
It works until it doesn't. NO STOP LOSSES, just DCA's on the way down in the hope that it eventually comes back before you get margin called. Of course, if you ACTUALLY have $80K on this strat 1x trading, that will likely never happen. But the strat manager is quick to tell you that you can trade on a fraction of that.
Until, of course, you start to get margin called, as it is currently at over -$17K open position drawdown (new max drawdown record).
I get that the economy/market is wildly in flux with the "Trump Temper Tantrum" at the moment, but it's exactly this kind of black swan event that kills months of profit in days without proper safeguards.
Just an FYI, it will likely come back eventually, but the whole strat is basically "DCA on the way down with no stop losses and hope it recovers before margin call." If that's your style, you'll love it.
Tight stops are in place usually running at 1% of each trade. Risk management is one of the best on Collective 2. The strategy manager uses an automated approach which reduces the tendency to overtrade and trade excessively. In my opinion this strategy has the best risk management on Collective 2.
I highly recommend this strategy due the automation, tight stops and excellent risk management.
System simply buys qqq shares at market close and sells following day usually early on so exposed to overnight moves whether good or bad.
2024 system returns matched qqq's once penny stock profits were excluded.
System does not go short so might suffer in a down year so I'm out
I was only with it for a month and it breakeven at best so I have to give it 3 stars for lack luster performance. However I think over a longer period of time it should improve and I base that on its other strategy Ares which has been around for a number of years.
Strategy also sends out notifications for pending trades and always stop losses attached.
Live traded since September 2023, watching trades closely most days. Over the past month especially, I've seen this strat maximize green market days, while at the same time (rare in most strats here) managing and minimize bloody market days (mostly be shorting MNQ and MES futures when the market heads south quickly), which is a huge differentiator here on C2. Also a really good handle on managing stop losses and drawdowns. Also, they say they're running Multicharts against IB for trade execution which is a solid and reliable setup (once you learn the idiosyncrasies of both) I use personally.
An observation is that this strat has a losing record shorting stocks. I did that analysis prior to subscribing and has held true since then. Fortunately (so far) this has not impacted my return as I am running this strat in an IRA account. As I can't make margin trades, I also can't short stocks (obviously shorting futures is allowed), so it works out great, as short stock trade signals just get rejected by my broker (IB).
Good initially but need more positive trades. there are open trades with -30K in paper loss for 60 K account.
Need more concrete plan to make positive impact. The fees are pretty high for the profit being made.
Appreciate if we recover the paper loss and make good gains else does not make sense to continue with the plan
Total garbage. Classic Ponzi scheme. Crash and Burn. This trader has history of blowing up strategies. Lacks basic principles to lock in profits and keep losses small. He’s just here for the subscriber fees. Stay away!