Hypothetical Monthly Returns (includes typical commissions and system fees)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2011 | +30.7% | +38.0% | +59.4% | +13.4% | (97.8%) | (1022.5%) | (24.6%) | (3.8%) | (3.6%) | (3.5%) | (3.4%) | |
| 2012 | (3.3%) | (13.5%) | (3.7%) | (3.5%) | (3.4%) | (3.3%) | (3.2%) | (3.1%) | (3%) | (2.9%) | (2.8%) | (2.7%) |
| 2013 | (2.7%) | (2.6%) | (2.5%) | (2.5%) | (2.4%) |
Strategy Summary
Trades highly liquid iShares Silver Trust ETF "SLV" options via limited-risk strategies that exploit volatility time decay or price direction based on market conditions.
Remember there is a substantial risk of loss in trading. Past performance is not indicative of future results. Do not trade with money you cannot afford to lose.
| This system is not currently accepting new subscribers. |
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Model Account Status
| Started | $5,000 |
|---|---|
| Buy Power | $1,483 |
| Cash | $1 |
| Equity | $1 |
| Cumulative $ | ($3,516) |
| Total System Equity | $1,483 |
| Margined | $1 |
| Open P/L | $0 |
| System vendor has delayed data by 5 days for non-subs. | |
System creator requested that closed trades data below be delayed by five days.
Live brokerage trade data is available for this system. Show broker data?
| Hypothetical Trading Results | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Opened ET | B/S | # | Symbol | Price | Closed | Price | Risk | P/L | |
| 6/16/11 10:59 | BUY | 4 | VIX1117H24 | CBOE Volatility Index (VIX.XO) Aug11 24 | 2.35 | 2/15/12 20:07 | 0.00 | Extreme | ($944) |
| 6/8/11 9:58 | BUY | 11 | BVZ1120G20 | VIX Jul11 20 call | 1.90 | 2/15/12 20:06 | 1.73 | Extreme | ($218) |
| 6/2/11 12:49 | BUY | 33 | VIX1120G35 | CBOE Volatility Index (VIX.XO) Jul11 35 | 0.38 | 2/15/12 20:06 | 0.00 | Extreme | ($1,281) |
| 6/27/11 10:25 | SELL | 30 | SLV1122S29 | SLV Jul11 29 put | 0.20 | 7/179:03 | 0.00 | Low | $572 |
| 6/2/11 9:46 | BUY | 85 | SLV1122S32 | SLV Jul11 32 put | 0.89 | 7/179:01 | 0.00 | Extreme | ($7,676) |
| 6/27/11 10:30 | BUY | 17 | SLV1108G34 | SLV Jul11 34 call | 0.33 | 7/29:00 | 0.00 | Very | ($577) |
| 6/23/11 12:22 | BUY | 10 | SLV1108G36 | SLV Jul11 36 call | 0.23 | 7/29:00 | 0.00 | Normal | ($240) |
| 6/16/11 10:13 | BUY | 40 | SLV1124F37 | SLV Jun11 37 call (exp 06/24/2011) | 0.19 | 6/259:00 | 0.00 | High | ($797) |
| 6/20/11 9:48 | BUY | 15 | SLV1124R34 | SLV Jun11 34 put (exp 06/24/2011) | 0.31 | 6/2412:35 | 0.12 | High | ($314) |
| 6/20/11 9:45 | SELL | 55 | SLV1116S30 | SLV Jul11 30 put (exp 07/16/2011) | 0.23 | 6/2312:20 | 0.23 | Normal | ($105) |
| 6/1/11 12:12 | BUY | 3 | VIX1117H17 | CBOE Volatility Index (VIX.XO) Aug11 17 | 4.00 | 6/2312:19 | 5.00 | Low | $294 |
| 6/6/11 11:50 | BUY | 20 | SLV1124R32 | SLV Jun11 32 put | 0.16 | 6/199:06 | 0.00 | Normal | ($344) |
| 6/15/11 9:40 | BUY | 20 | SLV1118F35 | SLV Jun11 35 call (exp 06/18/2011) | 0.37 | 6/1610:07 | 0.18 | Normal | ($418) |
| 6/15/11 15:59 | SELL | 20 | SLV1118F36 | SLV Jun11 36 call (exp 06/18/2011) | 0.12 | 6/1610:07 | 0.05 | Low | $102 |
| 6/14/11 9:38 | BUY | 15 | SLV1118F34 | SLV Jun11 34 call (exp 06/18/2011) | 0.59 | 6/159:32 | 0.76 | Low | $227 |
icons. This will pop up a window showing you who is trading this in a live brokerage account, at what trade size, and what prices the trader received. This will allow you to compare broker data to the hypothetical results you see below.
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Reviews
June 11, 2011 from Subscriber
System had a good initial run riding a strong trend in silver. When the trend ended, trading became frantic, always a step behind the latest small move. The result is the "death by a thousand cuts" current 40% draw-down in equity right now. Sharpe ratio has dropped ~four points so far during this period. Developer also has had a lot of technical glitches dealing with C2, one of which caused an automatic margin call a few weeks ago that liquidated all positions. Another reminder to stay away from newer systems until they have proved their mettle.
Statistics
Analytics| All Statistics Based on Hypothetical Results | |
|---|---|
| Trades | 106 |
| # Profitable | 38 (35.8%) |
| # months tracked | 28 |
| Profitable months | 4 (14.3%) |
| Avg trade duration | 12.6 days |
| Annual return (compounded) | -41.3% |
| Average win | $1,357 |
| Average loss | $810 |
| Profit factor | 0.9:1 |
| Max peak-to-valley drawdown (historical) | 96.88% |
| drawdown period | May 12, 2011 to Aug 05, 2011 |
| Correlation w/ S&P | -0.078 |
| Sharpe ratio | -0.546 |
| Keep after worst-case slippage | 100.0% |
| Probabilities of future account loss | |
| Chance of 10% account loss | 100.0% |
| Chance of 20% account loss | 100.0% |
| Chance of 30% account loss | 100.0% |
| Chance of 50% account loss | 1.0% |
|---|---|
| Chance of 100% account loss | 0.0% |
| Average Profit to Drawdown (APD) | -0.11 |
| Average P/L per unit traded | $15.45 |
System Description
System supports manual and auto-trading. Signals are sent out real-time between the hours of 0930 and 1600 EST (East Coast USA regular equity market hours).
Accounts trading this system must be:
1) Margin accounts
2) Options enabled
3) Able to sell covered options
The minimum recommended account size is $5,000.
Silver Alpha WILL NOT violate the "Pattern-day trader" rule, meaning this system will never execute 4 or more day trades within a consecutive 5 day period. This control exists for subscribers with accounts below $25k.
Silver Alpha strategies vary based on market conditions, but they are all limited-risk strategies that look to exploit volatility, time decay and market direction. Strategies include, but are not limited to, butterflies, long options condors, backspreads, calenders, debit and credit spreads, straddles and strangles. Due to the volatile nature of this market we do not employ any naked short strategies. Directionally, we at times be neutral, bullish or bearish depending what we feel the right market condition is. We apply hedging strategies whenever a directional stance is taken.
Research: Technical analysis, fundamental analysis, COT (Commitment of Trader) data, bullion lease rates and forward-thinking market intelligence augmented by macroeconomic and Fed policy analysis.
In addition to trading signals you will be provided with weekly commentary in the system forum and highly-responsive customer service in the form of less than 24hr response to any private messages. I usually respond within 1 to 4 hours of receiving your message.
Why focus on silver?
1) Silver has been one of the best performing commodities over the past 3, 5 and 10 years. That trend will continue for another 10 years.
2) Recent drastic changes to global monetary policy are casting a spotlight on the meaning of "fiat" vs "hard" currency. As a result an increasing number of financial players are re-awakening to the fact that gold and silver are currencies. This is evident in the massive increase in volumes in the SLV ETF, the liquidity of which now occasionally surpasses even the S&P 500 ETF (SPY).
3) I have real world professional experience trading silver. By combining my options risk-management experience with a focus on silver I aim to provide my subscribers with a competitive advantage and produce out-sized returns.
Silver is known for its volatility, a well-deserved reputation. My tutelage in the "art" of trading silver has not come easy; think many years and many tears. By subscribing to this system, you are, in essence, directly benefiting (or suffering?) from my harrowing market education in return for a monthly subscription fee. As the gold/silver ratio continues its compression from 70-to-1 (2001) to the inevitable 7:1 (2012? 2015? Ask Bernanke!), I recognize that there will be increasing demand from traders and investors for a system attuned to the specifics of this white metal market.
You will not see me advertised by any brokers because my strategy is not broker-commission-friendly, it aims to provide best possible absolute returns to subscribers. Hence the name "Silver Alpha", not "Silver Broker's Dream".
Liquidity is a priority objective, behind only performance and capital preservation.
Closed trade data is delayed for 5 days in order to allow non-subscribers to see an up-to-date snapshot of performance while maintaining the integrity of subscriber privilege.
About Me:
- BSc in Economics from The Wharton School at the University of Pennsylvania. Finance concentration.
- 8 years of financial services experience spanning corporate finance, investment banking, commodities and hedge funds.
I have been trading the silver market for years using the principles represented by the Silver Alpha system. I have recently become an independent money manager and decided to take advantage of the C2 platform due to no longer being contractually restricted by an employer.
NOTE: This is an options system for investors seeking outsized returns over time, not an FX system that one can over-leverage in order to opportunistically take advantage of a low drawdown. I've noticed that FX systems are incredibly popular here on C2 for this very reason, which is comical since one large drawdown would wipeout your entire account using that strategy.
Welcome to a new pattern of absolute return, and Silver Alpha.
Accounts trading this system must be:
1) Margin accounts
2) Options enabled
3) Able to sell covered options
The minimum recommended account size is $5,000.
Silver Alpha WILL NOT violate the "Pattern-day trader" rule, meaning this system will never execute 4 or more day trades within a consecutive 5 day period. This control exists for subscribers with accounts below $25k.
Silver Alpha strategies vary based on market conditions, but they are all limited-risk strategies that look to exploit volatility, time decay and market direction. Strategies include, but are not limited to, butterflies, long options condors, backspreads, calenders, debit and credit spreads, straddles and strangles. Due to the volatile nature of this market we do not employ any naked short strategies. Directionally, we at times be neutral, bullish or bearish depending what we feel the right market condition is. We apply hedging strategies whenever a directional stance is taken.
Research: Technical analysis, fundamental analysis, COT (Commitment of Trader) data, bullion lease rates and forward-thinking market intelligence augmented by macroeconomic and Fed policy analysis.
In addition to trading signals you will be provided with weekly commentary in the system forum and highly-responsive customer service in the form of less than 24hr response to any private messages. I usually respond within 1 to 4 hours of receiving your message.
Why focus on silver?
1) Silver has been one of the best performing commodities over the past 3, 5 and 10 years. That trend will continue for another 10 years.
2) Recent drastic changes to global monetary policy are casting a spotlight on the meaning of "fiat" vs "hard" currency. As a result an increasing number of financial players are re-awakening to the fact that gold and silver are currencies. This is evident in the massive increase in volumes in the SLV ETF, the liquidity of which now occasionally surpasses even the S&P 500 ETF (SPY).
3) I have real world professional experience trading silver. By combining my options risk-management experience with a focus on silver I aim to provide my subscribers with a competitive advantage and produce out-sized returns.
Silver is known for its volatility, a well-deserved reputation. My tutelage in the "art" of trading silver has not come easy; think many years and many tears. By subscribing to this system, you are, in essence, directly benefiting (or suffering?) from my harrowing market education in return for a monthly subscription fee. As the gold/silver ratio continues its compression from 70-to-1 (2001) to the inevitable 7:1 (2012? 2015? Ask Bernanke!), I recognize that there will be increasing demand from traders and investors for a system attuned to the specifics of this white metal market.
You will not see me advertised by any brokers because my strategy is not broker-commission-friendly, it aims to provide best possible absolute returns to subscribers. Hence the name "Silver Alpha", not "Silver Broker's Dream".
Liquidity is a priority objective, behind only performance and capital preservation.
Closed trade data is delayed for 5 days in order to allow non-subscribers to see an up-to-date snapshot of performance while maintaining the integrity of subscriber privilege.
About Me:
- BSc in Economics from The Wharton School at the University of Pennsylvania. Finance concentration.
- 8 years of financial services experience spanning corporate finance, investment banking, commodities and hedge funds.
I have been trading the silver market for years using the principles represented by the Silver Alpha system. I have recently become an independent money manager and decided to take advantage of the C2 platform due to no longer being contractually restricted by an employer.
NOTE: This is an options system for investors seeking outsized returns over time, not an FX system that one can over-leverage in order to opportunistically take advantage of a low drawdown. I've noticed that FX systems are incredibly popular here on C2 for this very reason, which is comical since one large drawdown would wipeout your entire account using that strategy.
Welcome to a new pattern of absolute return, and Silver Alpha.
- Remember there is a substantial risk of loss in trading. Past performance is not indicative of future results. Do not trade with money you cannot afford to lose.
