Brady
GBSolid Idea/Platform, Greedy Fees Solid Idea, but greedy on fee's. They charge the strategy manger and auto trader monthly sub fees which makes sense.. But than will take 40-50% of the subscription fees... Crazy Not hard to figure out why trading talent in strat managers is slim on the site. Not worth it when they take half the bacon. I would think they would want to pay trading talent so they have more people sign up for autotrading... But what do I know.
M Tau
GBOffers some very good traders that may get… Offers some very good traders that may get excellent future results if you stick it out long term and don’t adjust trades. Really need a very strong trading background knowledge to identify the select few top traders who use solid risk management on each trade or you will lose lots of money fast due to leverage. Some of the best consistently profitable traders are not even easy to find , you have to find them through other peoples accounts. Beware when traders email you to try their strategy it’s often a huge scam. Not all past results shown were done in real trades , they could’ve been falsely simulated for months, and once trader convinces you to sign up based on essentially fake past results, you’ll lose everything within a month when they over leverage on a real trade with your real money, and baghold losing trades due to poor risk management. Also some traders look real good with their past results but will blow up your account plus more, once you sign up to them, they are just using strategies that temporarily got lucky as held in one direction or also could have been falsely simulated, (not all real trades) and are not skilled, and then they end up losing it plus more. Beware any traders with no description or details about trader, and where there are multiple past failed strategies. Thats a red flag. I suggest stick to daytrader strategies or C2 star strategies and those with reviews especially positive reviews. Most of the swing traders that baghold are generally the biggest problem, or those using daily options, illiquid penny type stocks, or unrealistic forex trades , which I have witnessed them blow up accounts already plus more. Don’t trade with money you can’t afford to lose. I strongly suggest simulating a trader for a few months before using real money to see if their results are true and consistent, and if you can stomach drawdowns depending on the traders risk tolerance. You need a very large account size if you are going to trade multiple strategies to diversify.
Everett
GBBEGGING! for positive reviews. Matthew Kline sent out an email, since I have been a member a long time, asking for a positive review, since there have been so many negative ones lately. BIG MISTAKE!, as any hope for Collective 2 is long gone. Investors are left to "figure out" which strategy managers are legitimate. In truth, you will be HARD PRESSED to find a strategy manager that will not leave you asking, WHY???!!!! I know a few. Very few. In finding them, I've tripped over absolute amateurs, some bordering on Snake Oil Salesmen, some who've bought bots to re-sell, who've blown up multiple accounts only to resurface later under a different name, to burn someone else's money. There seems to be no oversite, no vetting process. Matthew Kline knows exactly why people are unhappy, and I believe he has the power to fix it. There are secondary chatrooms that have been created by members to help each other, because negative comments on C2 are deleted! You are on your own. Unless you REALLY know how to evaluate risk, stay away from this company. Just find an edge, work it out in SIM mode and manage your own money. C2 will allow you to waste money on 10,000 turds in your hopes of finding one decent strategy.
Tony Tieger
GBReview as trade leader on collective2 I've been a customer on collective2 as a subscriber for about half a year before I decided to try being a trade leader also. I'm decently successful as a trader, so the thought of making extra money on top of trading sounded good! It worked out great. Everything is legit, I am paid for subscribers, and the collective2 system makes everything work.
Alex Y
BYwith collective2.. I have been working with collective2 service for over 5 years as a trade leader. I have observed (and am observing) many interesting trading strategies. Many of them have crashed. However, many of them continue to successfully generate profits. I am (and have been) in contact with many private investors who are (or have been) my subscribers (have followed my strategies). Based on this, I would like to say that the collective2 service is a very accurate reflection of everything that is happening in the private trading and investing industry. Most trading strategy crashes are due to trading leaders wanting to show impressive results to gain followers to their strategies. This leads to excessive risk taking. A big risk is followed by a crash. Most private investor capital crashes are due to their desire to make big profits in a short period of time. They subscribe to strategies that show big profits with big risk. What follows is a crash. But I also see a lot of private investors who put together a portfolio of many conservative strategies. So they have little risk in each strategy and overall a very stable profitable portfolio. The collective2 service is constantly developing strategy analysis tools for investors. With a little time it is possible to create a very profitable and flexible portfolio. Investors lose money due to their incompetence in the area of selecting risk-appropriate strategies. Choose strategies that have been around for a long time (at least 6 months and have enough trades to analyse - at least 200). And preferably the trading leader follows his own capital to his strategy.