C2 Still Expanding
Six weeks ago was the last time I checked the number of newly added systems to the C2 universe of systems. It's time for an update:
During the last 30 days, 263 new systems were added. Not bad at all! The record of 365 new systems was set for the period 8/6 - 9/6.
Just for the five-day period from 8/29 - 9/2 as many as 166 new systems were added!
Of course, that is a little odd--so many systems in such a short period of time. So, I started to dig a little a deeper, and guess what? As much as 130 of these were from a single vendor. That must be quite a record. Even more peculiar: So far, none of these systems has made a single trade. Obviously, I'm very curious where this will go...
1 comment:
This Is "Classic" ST
Not too surprising considering every trader in this late-stage (or mid- to late-stage) bull market, feels a successful 6-month track record will bode for long-term success as a trading business.
If you think about it...if the "best" systems on C2 have done well (large annual return) in the last 1-3 years...their best days are probably behind them.
What "verified system" (anywhere) can be presented with even a 40-60% annual average over more than 5 years. All I can say is show me and perhaps I can trust the manager to duplicate his/her results for the next 5 years.
All the rest is "play money" and ego-stroking and I doubt hardly anyone is willing to confidently pony up say 1/10 of net worth toward (non-existent) system.
Basic science (or rather math) lends common sense that ANY achievement beyond the ramp-ups you commonly see these days are anything but enabled by the "late-stage" action from the Stock Market.
Gilbert
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