Optimized Partners II
(77331265)
Subscription terms. Subscriptions to this system cost $99.00 per month.
C2Star
C2Star is a certification program for trading strategies. In order to become "C2Star Certified," a strategy must apply tight risk controls, and must exhibit excellent performance characteristics, including low drawdowns.
You can read more about C2Star certification requirements here.
Note that: all trading strategies are risky, and C2Star Certification does not imply that a strategy is low risk.
Trendfollowing
Tries to take advantage of long, medium or shortterm moves that seem to play out in various markets. Typically, trendfollowing analysis is backward looking; that is, it attempts to recognize and profit from alreadyestablished trends.Momentum
Aims to capitalize on the continuance of existing trends in the market. Trader takes a long position in an asset in an upward trend, and shortsells a security that has been in a downward trend. While similar to Trendfollowing, tends to be more forwardlooking (predicting oncoming trend), while Momentum is more backwardlooking (observing alreadyestablished price direction).Rate of Return Calculations
Overview
To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. For strategies with longer track records, we display Annualized (Compounded) Rate of Return.
How Annualized (Compounded) Rate of Return is calculated
= ((Ending_equity / Starting_equity) ^ (1 / age_in_years))  1
Remember that, following NFA requirements, strategy subscription costs and estimated commissions are included in markedtomarket equity calculations.
All results are hypothetical.
Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  YTD  

2012  +2.3%  (9.6%)  (1.5%)  (8.8%)  
2013  (3.6%)  +4.8%  +9.2%  +5.6%  +0.3%  +1.2%  +9.2%  (4.6%)  +5.6%  +4.4%  +18.5%  +8.2%  +74.1% 
2014  +1.1%  +13.3%  +2.4%  +5.6%  (1.7%)  +2.1%  (5.6%)  +5.2%  (3.9%)  +7.1%  +5.9%  +9.5%  +47.2% 
2015  (0.8%)  (4.4%)  +6.8%  (4.1%)  (3.1%)  (1.1%)  (3.2%)  (1.4%)  (1.3%)  +4.2%  (5.6%)  (5.9%)  (18.8%) 
2016  +2.0%  +4.2%  (2.2%)  +5.9%  (13.1%)  +8.0%  (3.3%)  +6.4%  (3.6%)  (5.2%)  +2.5%  +6.5%  +6.1% 
2017  +9.1%  (4.4%)  +7.7%  +9.0%  +5.2%  (4.6%)  +11.6%  +4.0%  +0.2%  +6.7%  +3.8%  (0.6%)  +57.2% 
2018  +11.6%  +0.3%  (0.5%)  (1%)  +1.8%  +0.8%  (3.4%)  +15.3%  +1.0%  (9.8%)  (2.2%)  +7.9%  +21.0% 
2019  +6.8%  (2.9%)  (0.3%)  +1.1%  (3.2%)  +9.9%  +3.1%  (5.7%)  (4.1%)  (5.4%)  +0.2%  +2.4%  +0.6% 
2020  +1.5%  (7.8%)  (6.4%) 
Model Account Details
A trading strategy on Collective2. Follow it in your broker account, or use a free simulated trading account.
Advanced users may want to use this information to adjust their AutoTrade scaling, or merely to understand the magnitudes of the nearby chart.
Started  $20,000  
Buy Power  $44,281  
Cash  $1  
Equity  $1  
Cumulative $  $65,139  
Includes dividends and cashsettled expirations:  $3,529  Itemized 
Total System Equity  $85,139  
Margined  $1  
Open P/L  $11,340  
Data has been delayed by 168 hours for nonsubscribers 
System developer has asked us to delay this information by 168 hours.
Trading Record
Statistics

Strategy began10/25/2012

Suggested Minimum Cap$15,000

Strategy Age (days)2680.04

Age89 months ago

What it tradesStocks

# Trades876

# Profitable391

% Profitable44.60%

Avg trade duration33.6 days

Max peaktovalley drawdown27.93%

drawdown periodApril 06, 2015  Nov 24, 2015

Annual Return (Compounded)19.1%

Avg win$520.42

Avg loss$293.61
 Model Account Values (Raw)

Cash$47,707

Margin Used$0

Buying Power$44,281
 Ratios

W:L ratio1.48:1

Sharpe Ratio0.81

Sortino Ratio1.14

Calmar Ratio1.24
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)137.23%

Correlation to SP5000.22840

Return Percent SP500 (cumu) during strategy life122.63%
 Return Statistics

Ann Return (w trading costs)19.1%
 Slump

Current Slump as Pcnt Equity0.25%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.08%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.191%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)21.7%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss29.50%

Chance of 20% account loss11.00%

Chance of 30% account loss1.00%

Chance of 40% account lossn/a

Chance of 100% account loss (Monte Carlo)n/a

Chance of 70% account loss (Monte Carlo)n/a

Chance of 80% account loss (Monte Carlo)n/a

Chance of 60% account loss (Monte Carlo)n/a
 Automation

Percentage Signals Automatedn/a
 Risk of Ruin (MonteCarlo)

Chance of 90% account loss (Monte Carlo)n/a

Chance of 50% account lossn/a
 Popularity

Popularity (Today)483

Popularity (Last 6 weeks)912
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score141

Popularity (7 days, Percentile 1000 scale)816
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$294

Avg Win$522

Sum Trade PL (losers)$142,737.000
 Age

Num Months filled monthly returns table89
 Win / Loss

Sum Trade PL (winners)$203,920.000

# Winners391

Num Months Winners52
 Dividends

Dividends Received in Model Acct3529
 Win / Loss

# Losers485

% Winners44.6%
 Frequency

Avg Position Time (mins)48322.40

Avg Position Time (hrs)805.37

Avg Trade Length33.6 days

Last Trade Ago6
 Leverage

Daily leverage (average)1.11

Daily leverage (max)2.74
 Regression

Alpha0.04

Beta0.31

Treynor Index0.15
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.01

MAE:PL  Winning Trades  this strat Percentile of All Strats48.99

MAE:PL  worst single value for strategy

MAE:PL  Losing Trades  this strat Percentile of All Strats35.39

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.18

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.01

Avg(MAE) / Avg(PL)  All trades4.312

MAE:Equity, losing trades only, 95th Percentile Value for this strat

MAE:Equity, win trades only, 95th Percentile Value for this strat

MAE:Equity, 95th Percentile Value for this strat0.00

Avg(MAE) / Avg(PL)  Winning trades0.316

Avg(MAE) / Avg(PL)  Losing trades1.276

HoldandHope Ratio0.238
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.20140

SD0.17630

Sharpe ratio (Glass type estimate)1.14234

Sharpe ratio (Hedges UMVUE)1.13223

df85.00000

t3.05810

p0.00149

Lowerbound of 95% confidence interval for Sharpe Ratio0.38722

Upperbound of 95% confidence interval for Sharpe Ratio1.89110

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.38057

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.88388
 Statistics related to Sortino ratio

Sortino ratio2.31629

Upside Potential Ratio4.12154

Upside part of mean0.35836

Downside part of mean0.15696

Upside SD0.16292

Downside SD0.08695

N nonnegative terms48.00000

N negative terms38.00000
 Statistics related to linear regression on benchmark

N of observations86.00000

Mean of predictor0.09853

Mean of criterion0.20140

SD of predictor0.10152

SD of criterion0.17630

Covariance0.00652

r0.36445

b (slope, estimate of beta)0.63290

a (intercept, estimate of alpha)0.13904

Mean Square Error0.02727

DF error84.00000

t(b)3.58693

p(b)0.00028

t(a)2.16928

p(a)0.01644

Lowerbound of 95% confidence interval for beta0.28202

Upperbound of 95% confidence interval for beta0.98379

Lowerbound of 95% confidence interval for alpha0.01158

Upperbound of 95% confidence interval for alpha0.26650

Treynor index (mean / b)0.31821

Jensen alpha (a)0.13904
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.18454

SD0.17247

Sharpe ratio (Glass type estimate)1.06997

Sharpe ratio (Hedges UMVUE)1.06050

df85.00000

t2.86437

p0.00263

Lowerbound of 95% confidence interval for Sharpe Ratio0.31744

Upperbound of 95% confidence interval for Sharpe Ratio1.81652

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.31121

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.80979
 Statistics related to Sortino ratio

Sortino ratio2.06423

Upside Potential Ratio3.85973

Upside part of mean0.34505

Downside part of mean0.16051

Upside SD0.15571

Downside SD0.08940

N nonnegative terms48.00000

N negative terms38.00000
 Statistics related to linear regression on benchmark

N of observations86.00000

Mean of predictor0.09287

Mean of criterion0.18454

SD of predictor0.10107

SD of criterion0.17247

Covariance0.00631

r0.36202

b (slope, estimate of beta)0.61779

a (intercept, estimate of alpha)0.12716

Mean Square Error0.02616

DF error84.00000

t(b)3.55946

p(b)0.00031

t(a)2.03380

p(a)0.02256

Lowerbound of 95% confidence interval for beta0.27264

Upperbound of 95% confidence interval for beta0.96294

Lowerbound of 95% confidence interval for alpha0.00283

Upperbound of 95% confidence interval for alpha0.25150

Treynor index (mean / b)0.29871

Jensen alpha (a)0.12716
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.06435

Expected Shortfall on VaR0.08346
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02807

Expected Shortfall on VaR0.05397
 ORDER STATISTICS
 Quartiles of return rates

Number of observations86.00000

Minimum0.91539

Quartile 10.98631

Median1.01544

Quartile 31.05358

Maximum1.16460

Mean of quarter 10.95746

Mean of quarter 20.99709

Mean of quarter 31.03797

Mean of quarter 41.08379

Inter Quartile Range0.06727

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.01163

Mean of outliers high1.16460
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.89557

VaR(95%) (moments method)0.03719

Expected Shortfall (moments method)0.04071

Extreme Value Index (regression method)0.46365

VaR(95%) (regression method)0.04282

Expected Shortfall (regression method)0.05101
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations16.00000

Minimum0.00063

Quartile 10.01593

Median0.03932

Quartile 30.07377

Maximum0.16208

Mean of quarter 10.00870

Mean of quarter 20.02880

Mean of quarter 30.05658

Mean of quarter 40.11837

Inter Quartile Range0.05784

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.06250

Mean of outliers high0.16208
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)1.31022

VaR(95%) (moments method)0.13467

Expected Shortfall (moments method)0.14073

Extreme Value Index (regression method)0.27423

VaR(95%) (regression method)0.15425

Expected Shortfall (regression method)0.18246
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.50006

Compounded annual return (geometric extrapolation)0.23670

Calmar ratio (compounded annual return / max draw down)1.46035

Compounded annual return / average of 25% largest draw downs1.99967

Compounded annual return / Expected Shortfall lognormal2.83604

0.00000

0.00000
 Analysis based on DAILY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.18418

SD0.15685

Sharpe ratio (Glass type estimate)1.17418

Sharpe ratio (Hedges UMVUE)1.17371

df1888.00000

t3.15282

p0.46381

Lowerbound of 95% confidence interval for Sharpe Ratio0.44315

Upperbound of 95% confidence interval for Sharpe Ratio1.90494

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.44282

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.90460
 Statistics related to Sortino ratio

Sortino ratio1.66054

Upside Potential Ratio9.08170

Upside part of mean1.00728

Downside part of mean0.82310

Upside SD0.11144

Downside SD0.11091

N nonnegative terms1053.00000

N negative terms836.00000
 Statistics related to linear regression on benchmark

N of observations1889.00000

Mean of predictor0.09204

Mean of criterion0.18418

SD of predictor0.13010

SD of criterion0.15685

Covariance0.00451

r0.22115

b (slope, estimate of beta)0.26661

a (intercept, estimate of alpha)0.16000

Mean Square Error0.02341

DF error1887.00000

t(b)9.85046

p(b)0.36037

t(a)2.79873

p(a)0.45910

Lowerbound of 95% confidence interval for beta0.21353

Upperbound of 95% confidence interval for beta0.31970

Lowerbound of 95% confidence interval for alpha0.04777

Upperbound of 95% confidence interval for alpha0.27150

Treynor index (mean / b)0.69079

Jensen alpha (a)0.15964
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.17177

SD0.15721

Sharpe ratio (Glass type estimate)1.09263

Sharpe ratio (Hedges UMVUE)1.09219

df1888.00000

t2.93385

p0.46632

Lowerbound of 95% confidence interval for Sharpe Ratio0.36173

Upperbound of 95% confidence interval for Sharpe Ratio1.82326

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.36143

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.82296
 Statistics related to Sortino ratio

Sortino ratio1.52968

Upside Potential Ratio8.91482

Upside part of mean1.00103

Downside part of mean0.82927

Upside SD0.11047

Downside SD0.11229

N nonnegative terms1053.00000

N negative terms836.00000
 Statistics related to linear regression on benchmark

N of observations1889.00000

Mean of predictor0.08353

Mean of criterion0.17177

SD of predictor0.13034

SD of criterion0.15721

Covariance0.00455

r0.22194

b (slope, estimate of beta)0.26768

a (intercept, estimate of alpha)0.14941

Mean Square Error0.02351

DF error1887.00000

t(b)9.88742

p(b)0.35988

t(a)2.61445

p(a)0.46178

Lowerbound of 95% confidence interval for beta0.21458

Upperbound of 95% confidence interval for beta0.32078

Lowerbound of 95% confidence interval for alpha0.03733

Upperbound of 95% confidence interval for alpha0.26148

Treynor index (mean / b)0.64168

Jensen alpha (a)0.14941
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01520

Expected Shortfall on VaR0.01918
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00664

Expected Shortfall on VaR0.01364
 ORDER STATISTICS
 Quartiles of return rates

Number of observations1889.00000

Minimum0.93270

Quartile 10.99607

Median1.00115

Quartile 31.00618

Maximum1.04477

Mean of quarter 10.98896

Mean of quarter 20.99884

Mean of quarter 31.00335

Mean of quarter 41.01211

Inter Quartile Range0.01011

Number outliers low59.00000

Percentage of outliers low0.03123

Mean of outliers low0.97296

Number of outliers high39.00000

Percentage of outliers high0.02065

Mean of outliers high1.02628
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.21859

VaR(95%) (moments method)0.01043

Expected Shortfall (moments method)0.01655

Extreme Value Index (regression method)0.09677

VaR(95%) (regression method)0.01016

Expected Shortfall (regression method)0.01478
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations68.00000

Minimum0.00003

Quartile 10.00529

Median0.02419

Quartile 30.05604

Maximum0.17820

Mean of quarter 10.00226

Mean of quarter 20.01353

Mean of quarter 30.03886

Mean of quarter 40.09844

Inter Quartile Range0.05075

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high3.00000

Percentage of outliers high0.04412

Mean of outliers high0.16759
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.20534

VaR(95%) (moments method)0.10361

Expected Shortfall (moments method)0.12520

Extreme Value Index (regression method)0.61660

VaR(95%) (regression method)0.11308

Expected Shortfall (regression method)0.12605
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.44649

Compounded annual return (geometric extrapolation)0.22100

Calmar ratio (compounded annual return / max draw down)1.24021

Compounded annual return / average of 25% largest draw downs2.24513

Compounded annual return / Expected Shortfall lognormal11.51970

0.00000

0.00000
 Analysis based on DAILY values, last 6 months only
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.25270

SD0.13644

Sharpe ratio (Glass type estimate)1.85213

Sharpe ratio (Hedges UMVUE)1.84142

df130.00000

t1.30965

p0.55706

Lowerbound of 95% confidence interval for Sharpe Ratio4.62955

Upperbound of 95% confidence interval for Sharpe Ratio0.93232

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation4.62225

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.93941
 Statistics related to Sortino ratio

Sortino ratio2.07863

Upside Potential Ratio4.84483

Upside part of mean0.58900

Downside part of mean0.84170

Upside SD0.06275

Downside SD0.12157

N nonnegative terms70.00000

N negative terms61.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.18506

Mean of criterion0.25270

SD of predictor0.11973

SD of criterion0.13644

Covariance0.00610

r0.37365

b (slope, estimate of beta)0.42580

a (intercept, estimate of alpha)0.33150

Mean Square Error0.01614

DF error129.00000

t(b)4.57523

p(b)0.26778

t(a)1.83664

p(a)0.60119

Lowerbound of 95% confidence interval for beta0.24167

Upperbound of 95% confidence interval for beta0.60994

Lowerbound of 95% confidence interval for alpha0.68862

Upperbound of 95% confidence interval for alpha0.02561

Treynor index (mean / b)0.59347

Jensen alpha (a)0.33150
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.26216

SD0.13773

Sharpe ratio (Glass type estimate)1.90338

Sharpe ratio (Hedges UMVUE)1.89237

df130.00000

t1.34589

p0.55861

Lowerbound of 95% confidence interval for Sharpe Ratio4.68119

Upperbound of 95% confidence interval for Sharpe Ratio0.88158

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation4.67371

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.88896
 Statistics related to Sortino ratio

Sortino ratio2.12754

Upside Potential Ratio4.76359

Upside part of mean0.58697

Downside part of mean0.84913

Upside SD0.06249

Downside SD0.12322

N nonnegative terms70.00000

N negative terms61.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.17782

Mean of criterion0.26216

SD of predictor0.12032

SD of criterion0.13773

Covariance0.00630

r0.38046

b (slope, estimate of beta)0.43551

a (intercept, estimate of alpha)0.33960

Mean Square Error0.01635

DF error129.00000

t(b)4.67254

p(b)0.26377

t(a)1.87015

p(a)0.60298

VAR (95 Confidence Intrvl)0.01500

Lowerbound of 95% confidence interval for beta0.25110

Upperbound of 95% confidence interval for beta0.61993

Lowerbound of 95% confidence interval for alpha0.69888

Upperbound of 95% confidence interval for alpha0.01968

Treynor index (mean / b)0.60195

Jensen alpha (a)0.33960
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01489

Expected Shortfall on VaR0.01838
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00698

Expected Shortfall on VaR0.01461
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.95992

Quartile 10.99648

Median1.00069

Quartile 31.00378

Maximum1.01417

Mean of quarter 10.98854

Mean of quarter 20.99899

Mean of quarter 31.00194

Mean of quarter 41.00719

Inter Quartile Range0.00730

Number outliers low9.00000

Percentage of outliers low0.06870

Mean of outliers low0.97574

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.45409

VaR(95%) (moments method)0.01138

Expected Shortfall (moments method)0.02402

Extreme Value Index (regression method)0.39309

VaR(95%) (regression method)0.00891

Expected Shortfall (regression method)0.01629
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations3.00000

Minimum0.00358

Quartile 10.05464

Median0.10571

Quartile 30.11556

Maximum0.12541

Mean of quarter 10.00358

Mean of quarter 20.10571

Mean of quarter 30.00000

Mean of quarter 40.12541

Inter Quartile Range0.06092

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

Last 4 Months  Pcnt Negative0.25%

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?294540000

Max Equity Drawdown (num days)232
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.22105

Compounded annual return (geometric extrapolation)0.20884

Calmar ratio (compounded annual return / max draw down)1.66526

Compounded annual return / average of 25% largest draw downs1.66526

Compounded annual return / Expected Shortfall lognormal11.36420
Strategy Description
Who am I? After my degree in Finance from Northeastern University in Boston I started out at Lehman Brothers in Boston in 1982 as an assistant trader. In 1984 I went to EF Hutton in Los Angeles and became Options Trading Coordinator in Beverly Hills. During this time I placed second in the 1987 US Trading Championship in the Options Writing Category and was featured in Investors Business Daily and Barrons and various radio stations. By 1990 I moved to AG Edwards and Sons and remained there until 1995 when I opened up my own shop. Since all three firms no longer exist I consider this the best move I ever made.
I'm no longer live in the big cities but manage client portfolios and C2 portfolios daily from my ranch near Rocky Mountain National Park in Colorado.
In my 35 years I've explored, tested and traded hundreds of systems and made just about every mistake that can be made and then some. What we provide to subscribers to C2 is the end result of all the years of education and experience of being a professional investor and we hope it makes a difference in your life.
Brad Pappas
Most values on this page (including the Strategy Equity Chart, above) have been adjusted by estimated trading commissions and subscription costs.
Some advanced users find it useful to see "raw" Model Account values. These numbers do not include any commissions, fees, subscription costs, or dividend actions.
Strategy developers can "archive" strategies at any time. This means the strategy Model Account is reset to its initial level and the trade list cleared. However, all archived track records are permanently preserved for evaluation by potential subscribers.
About the results you see on this Web site
Past results are not necessarily indicative of future results.
These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have underor overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Material assumptions and methods used when calculating results
The following are material assumptions used when calculating any hypothetical monthly results that appear on our web site.
 Profits are reinvested. We assume profits (when there are profits) are reinvested in the trading strategy.
 Starting investment size. For any trading strategy on our site, hypothetical results are based on the assumption that you invested the starting amount shown on the strategy's performance chart. In some cases, nominal dollar amounts on the equity chart have been rescaled downward to make current goforward trading sizes more manageable. In these cases, it may not have been possible to trade the strategy historically at the equity levels shown on the chart, and a higher minimum capital was required in the past.
 All fees are included. When calculating cumulative returns, we try to estimate and include all the fees a typical trader incurs when AutoTrading using AutoTrade technology. This includes the subscription cost of the strategy, plus any pertrade AutoTrade fees, plus estimated broker commissions if any.
 "Max Drawdown" Calculation Method. We calculate the Max Drawdown statistic as follows. Our computer software looks at the equity chart of the system in question and finds the largest percentage amount that the equity chart ever declines from a local "peak" to a subsequent point in time (thus this is formally called "Maximum Peak to Valley Drawdown.") While this is useful information when evaluating trading systems, you should keep in mind that past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns you see here.
Trading is risky
There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.
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Suggested Minimum Capital
This is our estimate of the minimum amount of capital to follow a strategy, assuming you use the smallest reasonable AutoTrade Scaling % for the strategy.