This trader has an incredible track record. He is responsive to subscribers, sims, nonsubscribers on info requests. Furthermore, he provides almost daily analysis. I have been using auto trade for approx 2 years now, used different systems that I considered decent and review other's analysis.
Leveraged ETF trading really calls them better than anyone I have seen and down to the daily which is really what you want if you are going to do a C2 type system; otherwise just buy and hold and/or do a long term etf and forget about it.
The Strategy manager communicates regularly and the performance has been amazing so far. I will monitor the performance before allocating more capital.
The strategy looked good, but not anymore after a 20% drawdown within a few days in December. And it is still unclear whether the drawdown will become even larger. A 7-10% account loss in one day is possible. This happened 3 times in December. Once the daily loss was made up for by a profit a few days later. To me, this strategy takes unacceptable daily risks, which is clearly evident in December. After this realization, I definitely no longer use the strategy.
The weekly profits talk for itself. Total loss of complete account value in less than 11 months. Total Loss of -$73,404.
The manager changes risk profile and does revenge trading to recoup losses, leading to bigger losses. I have exited the strategy after 11 months. One loss wipes out work done for months. You can see the last trade of -$33K took out most of the account. Manager is very new and does not know how to trade. I would stay away from Right Choice (RC plans)
Below is Weekly Profit Loss.
$2,067
$(1,635)
$(1,788)
$555
$1,407
$(657)
$(3,031)
$338
$133
$(17,004)
$1,201
$(1,045)
$(6,191)
$(1,542)
$-
$(4,240)
$(272)
$(2,186)
$(360)
$957
$582
$327
$721
$47
$(13)
$(56)
$1,121
$314
$(4,772)
$1,294
$(78)
$2,423
$4,370
$1,701
$2,209
$(1,164)
$279
$(4,384)
$(7,937)
$(1,632)
$6,505
$5,287
$(5,784)
$(7,991)
$-
$-
$-
$-
$(33,485)
Poor management and scammer. Kevin scammed everyone out of money. He never communicated or responded to our questions. When we asked for a refund, he declined the request and never responded.
The huge drawdowns cause account to become below broker PDT requirements. You have to deposit more money to keep trading. And then you just lose more money. I do not know how the profit numbers are calculated as shown on C2., I lots 80 % of my investment in 12 months, I kept thinking it would get better but it did not. I had to close my account due to the huge losses.
Recent developments made me stop this strategy. The scaling was different on my account, and the max draw down was over 10%. Also keep in mind that the "all time change" is not a real number, you have to deduct transaction costs and the costs to follow this strategy. All in all for me not a profitable strategy as a follower
Not getting results showed by C2. The position sizing seems to be critical to mirror 100% as the strategy seems to change in approach week to week, entering and exiting various size positions in sequence. So, it's challenging to figure out how to mirror w/ partial positioning. Even at currently 2/3, I'm not able to duplicate the results.
Not for the faint of heart, unless you don't watch.,
That being said, from what I see, they have a valid strategy and seem to execute with strict discipline. It is the only strategy I am deploying currently....
This manager totally lost it today. Usually does 1 and 3 lots resulting in small losses or gains. All of the sudden, lost discipline and started firing off 10 lots of mnq and then a 3 lot of nq resulting in over 4000. of losses in less than 2 hours. Don't touch this.
Bad trader. Amazon has huge beat. Market and qqq are green bullish. Tries to short multiple times with overleveraging. No tight stops in place. Huge loss. Already lost c2 star certificate. Avoid.