I disagree. And obviously it's not true that there is nothing new or else they wouldn't be paying random people from the internet to use their trading strategies. They would just use all the already known strategies.
There are a constant stream of these types of systems at Collective2. They get subscribers more often than you would think as they can look good to unsophisticated traders until they fail. They see a 98% win rate with big returns and think it can't fail. Even when it's explained to people why...
Good luck changing the world from the pursuit of trading gains. As long as financial engineering pays more than productive activities, the world will stay how it is. It's only after the system has broken down that human resources now being squandered in financial engineering will be freed up...
I'm a trade leader on C2 with subscribers and can answer questions. Generally it's the best service in its market, though recently they increased prices for trade leaders to host their systems, so costs are higher than they used to be.
Just a thought... for anyone that wants to go public with their trading record, inform and educate for community sake, and maybe even get paid to use that trading ability to make money for others, why not be a trade leader on Collective2? Your trading record gets a 3rd party audit, a bunch of...
1) Everything is the opposite of what it seems in finance. It all exists to take your money not make you money. All the big shiny buildings in every financial center were built with the money of people looking to make money, not much different than the shiny casinos on the Vegas strip.
2) You...
That's excellent of course. What of the next 6 months when the market changes gears? Can you keep doing it? What about when you're running $500k instead of 30k?
For me I'm happy to do 20-30% annual with 10-20% Max drawdown but with reasonable consistency. The larger account you get the less you...
Thanks, that's a pretty good analysis actually. The strategy doesn't pick tops or bottoms, but it does use "some cycle theory" as part of its entry/exit selection. The strategy does hold longer for the occasional trend capture. The shorter trades of a few days or less are mean reversion...