Reckless. Too much leverage. No stop losses.

Been with this strategy for months and no net gains, lots of promise but not delivering. Getting stopped out on days where there is a bounce and should have stayed in - strategy leader has "tried" various stops and no stops adjustment to the strategy in response to complaints. I am hoping to keep some patience and let the strategy work as we know all strategies have their ups and downs but this one has me about $8k in the hole on top of the monthly fee. Hope this strategy manager is aggressively working to adapt this strategy to keep pace with the market dynamics as it seems it was optimized for more of a solid uptrend

The artificial intelligence here doesn't know how to deal with market declines as there were yesterday, Yesterday there was a sharp correction in the market and all this was missed because no mid-trade operations are performed here. 90% of the operations are carried out either in the first minute of trading or last minute before trading ends.

reckless

This strategy was great from it's inception in March 2020, when TQQQ was at ~70% drawdown from COVID. From inception to around July 2021 it has definitely produced outsized gains. However, after subscribing to this strategy for a while now, I do see it's flaws. The strategy gained so much because of a bull market from pandemic lows which saw TQQQ (and the stock market in general) increase dramatically over this time period. I believe just buying and holding would have produced the same or better gains than this strategy. This strategy also suffers badly when there are wild fluctuations in TQQQ daily and weekly. This has been the case lately. Sometimes I wonder how the "AI" works because it has not been working well as of the past few months. The AI is often wrong when getting into a short position with SQQQ, then going back into TQQQ, only to have to back to SQQQ later again. Unless the stock market and tech sector is going to continually climb up dramatically, it just seems to me that the strategy's gains has plateaued now. It hasn't been able to top the gains made since July 2021 due to various reasons. At the end of the day, I'm not sure if this strategy is better than just buying and holding TQQQ. We haven't seen tremendous drawdowns in TQQQ to see if the AI can really prevent the portfolio from getting hurt. I'm sure the strategy creator has made a good amount of subscription fees from this strategy, and I guess deservedly so, but I may be unsubscribing soon.

50% loss in two weeks (or 150K loss) !!!! risk-management is very bad with this strategy.... or even non-existent(?).

Last month Icarus flew too close to the sun... and crashed.... badly.

I had high hopes for this strategy because I genuinely like the strategy owner, however, do not plan on obtaining any gains any time soon. It is a buy and hold strategy, which, quite frankly I can do myself. For $150 a month, I would expect at least that in gains to cover the monthly subscription. I have been losing money since July 2021, in addition to a high monthly subscription cost.

Disciplined

Disciplined

Thank God I have problems autotrading it. A shame I lost $300 on the monthly subscription but I would have lost much more if I had actually entered the trades.

Performance looks great in the beginning, but in the last 10 days the strategy very quickly lost 50% of the last 9-months performance. That's inacceptable!

Disciplined

Excellent strategy and appreciate the commentary/explanations from strategy owner along with the additional tracking toolkit provided. Great one to follow!

awful

Such overleveraged reckless strategies should be banned from C2 :-(

Another one bites the dust.

awful, just awful

I think this leader is running an algo that he did not create on his own and purchased soemwhere. He therefore neither understands it fully nor does he have total control on its behavior in real time. The last month or so the strategy has been at the mercy of TRY and some other volatile pairs. Really difficult to predict future profitability at this time, for this strategy. Maybe it will tank the way it is right now.

Leverage way too high... No stop losses.... Reckless.

High risk !

Kamikaze Trader :-(

I don't agree with the first reviewer. This is not a magic money making machine. Actually it is a very dangerous strategy, where you can lose all of your money (and more) within a few minutes if you don't lower the C2-scaling and adapt the strategy-risk down to your own portfolio size. Below here are some reasons why I give this strategy only 1 star. 1) Don't be fooled by the high "annual return" so far. The strategy uses an extremely high leverage... which increases the performance very quickly if everything goes the right way. But if something goes wrong you are going to lose lots of money and very quickly. 2) Most of the money that the strategy won in the last few months was due the slow loss of value of the Turkish Lira (TRY). In the last 3 months the Lira lost about 50% in value. Everything went well until the 20th of December, when the Turkish leader anounced (just anounced) that he is going to intervene and strengthen the Turkish Lira in the future. Within a few hours the Turkish Lira gained almost 50% in value, yep a currency! I would even call this a "black swan event". The problem is that the strategy did not use stop losses, despite written in the strategy description. The strategy lost more than 100K within a few hours... this wouldn't have happened if the strategy used stop losses. Also, the Turkish Lira "luckely" was only one of twelve different currency pairs in the portfolio, otherwise the losses would have been even bigger. Anyway, the turnaround of only one currency caused a huge loss of about 120K (from 303K down to 183K), which is around 40%DD (and not as 29,3%DD as marked by C2) 3) After the the strategy crashed on the 20th of December, instead of waiting until the markets have calmed down again, the strategy-trader re-entered into the Turkish Lira, with even a higher leverage, risking every followers hard earned money again. Since the 20th of December, the strategy porfolio has been jumping up and down, almost 50K daily up and down, which is just insane. This proves that the strategy developer doesn't care about your hard earned money. Also you can see the there were 29 other strategies from the same trader, most of them crashed badly in the past. The strategy might recover the TRY-crash next year, and maybe even fast, but be warned, the trader is really reckless. Apart from the extreme leverage and the missing stop-losses, most of the time, the trades were OK. But if you really want to risk and lose your money, I would not use more than the minimal 1 microlot (by C2-scaling).

He was doing great until the account bombed. All of the sudden he started carrying unusually large sizes and kept adding on even when the trade was clearly against him. Then waited and added and hoped for a reversal. Not sure how he will come out of this but it was very very disappointing because he was in a good streak. Just did not manage risk well with no stops, and once the trade went against him his strategy was add to the position and hope for the best. At one time he had 20 NQ with over 100k in the red. Stay away. I lost 40% of my account.

Would have been a good strategy if only he wouldn't trade Turkish that trades like hell!!! TRY is a double-edged sword, it can gain a lot (BTW it uses way more margin, and the finance cost is hell) and it losses a fortune in seconds. The numbers of returns are misleading, considering the amount of margin needed to trade (Turkish needs you to have a %33 margin at Interactive Brokers so for 500,000 traded, you need 165,000 in your account), and the finance cost (for TRY it could be 300 per night just to have it past 5 pm). This strategy is trading aggressively but can be toleratable if only he would drop USD/TRY and USD/MXN, these 2 are very costly in terms of margin and finance, and are too volatile even for people that like aggressive trading.