what is wrong with my system?

Quote from RobertG:

You started from the premise that Matthew is not interested in helping you out, but did you think for a minute about the clientele of the site?
$200K? This is not something that he can easily help you out with.

Most of the guys there are small accounts, who must be looking for something that would fit their capital. Guys with more money who do system, or automated trading would be very concerned about execution of the systems, slippage and the commissions associated with each transaction. The slippage can occur because of the way execution latency functions from vendor to client.

TO be a little more practical with the C2 clientele drop your minimum to 10K or lower and might start getting guys over time. Once you have your first clients you should see how the execution goes and how commissions affect their trading.
This would give you a better picture if C2 is for you.

Robert

Thank you for your comments.

If people with 10K are the clientele, it would make no sense for them to pay $50 for my system. It is a conservative, long-term system for which I do not expect the long-term return to exceed 18%. So person trading $10K would end up paying a third of their profit to me, which is ridiculous. People trading so little capital are not appropriate candidates for the system. If that is truly the clientele on the site, then I do not belong there.

There are very few trades, they are all on liquid instruments, and they are all market orders. So execution should be very good. I suppose commissions are an individual matter.
 
"It is a conservative, long-term system for which I do not expect the long-term return to exceed 18%"

What do you consider long term?
 
Average trade length is around 90-100 days. But the distribution of holding times is bimodal: several with much longer holding periods, and almost half with less than a month.
 
Quote from drcha:

Thank you for your comments.

If people with 10K are the clientele, it would make no sense for them to pay $50 for my system. It is a conservative, long-term system for which I do not expect the long-term return to exceed 18%. So person trading $10K would end up paying a third of their profit to me, which is ridiculous. People trading so little capital are not appropriate candidates for the system. If that is truly the clientele on the site, then I do not belong there.

There are very few trades, they are all on liquid instruments, and they are all market orders. So execution should be very good. I suppose commissions are an individual matter.

And that is PRECISELY why Matthew is the only one to benefit from C2...the $50 a month is before he yanks 30%....now you will be lucky to take your wife out to a nice restaurant once a month with the residue...


NiN
 
If I had an automated system I would not run it via a server, better to give it as a protected code to a reliable broker to execute in house.
 
Quote from RobertG:

If I had an automated system I would not run it via a server, better to give it as a protected code to a reliable broker to execute in house.
The point of Collective2 was to connect system vendors and retail investors.
I don't understand what you are thinking, RobertG.
 
Quote from Steven.Davis:

The point of Collective2 was to connect system vendors and retail investors.
I don't understand what you are thinking, RobertG.

The point is that Matthew will benefit by getting 30% of the monthly 'rental' and give the investor every opportunity to 'jump ship' within the 30 days and pay nothing if they are so inclined...Matthew will then miss out on his 30% ,but has already secured his gain by providing the service for a subscription (s)...

Matthew (C2)...win ...win

Investor...win

Vendor...win.. minus 30% of monthly if the investor follows through..

NiN
 
Quote from Steven.Davis:

The point of Collective2 was to connect system vendors and retail investors.
I don't understand what you are thinking, RobertG.

I am talking about execution and latency.
Vendors who sell their system have nothing to do with what I said.
C2 could have a vendor that is executing from home to a server and the server sends it to your brokerage account. This can amount to used slippage where day trading programs could show tremendous upside when in fact by the time execution occurs the results might be different.
If you like a system or a vendor ask them how it is executed.
 
Hello Drcha,

I've been at C2 for over 1 year and my discretionary system is currently one of only 2 that shows up when searching for "hidden gems" with survivors and futures selected.

My feeling is that c2 subscribers are looking for amazing returns or name-brand. I honestly doubt many of the systems really have paying subscribers. It is a herd type of mentality there.

You need some "aura" and very high returns. While 30% in the real-world is great, at c2 most are looking for probably 50% to 100% returns minimum -- granted few, if any subscribers will achieve that. My newest 100% mechanical system, for example, has returned 80% annual over the most recent several years and IF it does this well in the future then perhaps someone will subscribe to it.

Are you trading your system with your own cash? If you aren't that could be a problem -- perhaps that is my problem. Most subscribers will probably want to see real auto-trade data.

I will give you this advise:

1. 200k is too much. You are saying you MUST have 200k to trade my system. Reduce it to the lowest amount possible. I made a similar mistake when I started mine.
2. $50 is too cheap. If your system doesn't justify at least $100 to $250/month fees it is probably not going to be valued.
3. 5 months is plenty of time
4. You need to do something to qualify and demonstrate you are a serious professional. A lot of C2 folks have been burned. How are you going to demonstrate that you are serious?
5. You need to think what subscribers WANT.
6. Don't expect too much.


Quote from drcha:

I posted a system on collective2.com. I'm having trouble getting subscribers. I am wondering why--Matthew over there is not too interested in helping me figure it out. I would appreciate anyone who has experience with these types of sites helping me think about it. Here are some possible reasons:

1) the system is only 5 months old (time will heal this)
2) the starting equity of $200,000 is too high (I can fix this, but I have to close all the trades first, which is a hassle, but I'll do it if I need to)
3) it is not profitable enough, since its annualized return to date is 34% (I don't expect it to return even this much over the long haul; it's a pretty conservative system, so I don't intend to aim for anything higher. If this is the problem, I cannot fix it.)
4) the per month charge of $50 is too high (it is about average for the site)
5) I have not advertised the system anywhere nor taken advantage of any of the additional ways to dramatize the system on collective2 (I might do this if Matthew could give me some inkling of which, if any of them, is likely to work.)

The system is called Long-Short ETFs/ETNs.

thanks in advance for your thoughts
 
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