I have been subscribed to Mr Money Tree for a little more than a month, and it that time I have been very happy. I am pleased that the developer keeps losses absolutely under control and does not let them get out of control. Stops (limit and stop) are always in place so you basically know in advance how much you can make or lose. I swear the developer has a crystal ball, and knows exactly where to place them . Of course that is not true, but it seems that way. The strategy never holds positions overnight, nor on weekends. This gives me absolute faith in this system. 95% of my stress is gone ! Research this strategy... Check the popularity score and C2 scores, as well as the sharpe, sortino and calmar ratios. As far as the subscription fee was high consider this.... you get what you pay for. Add up the monies you have made, and subtract the fees you have paid. Also, think of how much more relaxed you are because the strategy has no overnight positions. That alone adds big time relaxation to me! Wish everyone luck.
As he rarely trades at present, it is impossible to be positive or negative.At least he's not losing money.However paying for a system that doesn't trade rather defeats the object even if there's a good reason not to, which I'm sure there is.As for stars ideally I would give none, however this is disallowed.
I am using VIX DayTrader 1 now for a couple of days. November has been a strange month, however, the outcome has been quite positive compared to some other strategies. So far very good in results and communication. Thumbs up!
The XIV trades 4X or more than the SPY. If we buy and hold in the past 11 months XIV gains 66 % YTD . Your system gains 43% . I just hope you keep your eye on it before it starts falling down like in June.
So, far, the strategy is as I expected and as the developer said it would be. No *** here, which is good. Good communication and timely announcements from the developer. Will write another review after some time passes, but so far so good.
Seems to be a very good system, but too much leverage for me. Had a 12-contract position open on election day (reduced to 4 contracts overnight). It turned out well in the end...for those subscribers that stuck it out -- unfortunately I was not one of them. I would only recommend this system to those with a large account, or those willing to take a lot of risk. Also, be aware that there are no stops (unless they are kept internally and issued as market orders).
Longer term subscriber here. Know your risk/ DD tolerance before subscribing. The developer is short options for the premium and more often than not it goes to expiry making $$ for us.
**However be warned the risk of naked option writing**
In addition, those of you using IB as your broker will find the margin terms are super conservative and I have seen a option short just executed ( Eg for $500) chewing up $2500 to $3000 of equity on the account
When short options the developer can add to his position too.
We would advocate anyone new and wanting to subscribe to this not to go to 100% scaling, but using many multiples lower until you are familiar with his style and how your broker calculates the margin.
Overall we are pleased with this so far and it constitutes a small part of the overall C2 allocations
It's been a good system so far. The trades take little time and losses are kept under control. I'm happy that the developer doesn't use the Martingale system to 'recover' from losses.
As a negative i'll mention the subscription price which is quite high.
Thanks.
I have been asked to write a review after only a few weeks using the system. I prefer at least several months of real trading before knowing how a system performs however so far the performance has been well in line with what you'd expect based on its historic trends.
Still new to the system but the developer's communication and patience in answering my questions has been truly exceptional. The system makes a lot of sense and I see it as an interesting potential income generator as I would like to have this for the long-haul.
Until October 11 the system did nicely with short period trades, small gains and low drawdowns which i really liked (they were the reason I subscribed)
Just recently the developer decided one day to keep adding losing positions and hold them overnight. I find this move not in line with the strategy's habits and it made me lose some confidence.
Hope it will get back on track and stay away from risk and drawdown spikes.
A very risky system where the manager allow huge draw-down. No proper risk management, no stops, system allows to go big time against the trade, there was a chance to exit out of the loosing trade, even that chance has not been used. I am referring to Sept- Oct trade, which is still in the play with huge lost.
4 star rating is given from inception not the short time I've been with it.
This system had a strong start out of the gate but has been flat for the most part over the summer.
Important to know there is no draw down limit so difficult for me anyways to know how much to risk.
So far a very good experience. Not many trades as of today (2 in September and 1 so far in October). Compared to other future traders this is more on the low activity scale which is completely ok with me. What I like: he lets the winners run and thus generates a much bigger return then going for the smaller increments day after day.