Collective2

bkveen3 · Jul 22, 2009

How much could a profitable system that has risk under control potentially earn on Collective2? I sometimes wonder how many people there really are to buy systems like that. Do you think the people who are charging 200-500 for a monthly subscription are actually finding customers?

bkveen3 · Jul 22, 2009

Does anyone have any kind of experience with this site?

bkveen3 · Jul 23, 2009

Guess Not

lindq · Jul 23, 2009

Quote from bkveen3:

Do you think the people who are charging 200-500 for a monthly subscription are actually finding customers?
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Yes, they are.

NetTecture · Jul 24, 2009

What I wonder is why publish them?

Seriously.

I am now in the testing phase of the first of my systems. Automated trading setups. Not a holy grail - a specific setup only (other systems will trade the others).

Why the heck should I publish something earning me 200-400 usd a day with a 15.000 usd bankroll, rarely a week with any negtive balance, for 200-300 usd a month? Just - why? Deal with other people, customers, earning like 200 usd per person per month.... why?

Really, not a complaint. I just wonder. To get some capital - ok, put it up, and put the money into the bank.

But even with a small account, it is better to keep the system secret and pocket the profits. Bad days may come? Yeah - by then I made more money than I need to go through them.

At least for short term systems. Where liquidity is.... possibly problematic.

Pekelo · Jul 24, 2009

Quote from NetTecture:

What I wonder is why publish them?

Seriously.

Why the heck should I publish something earning me 200-400 usd a day with a 15.000 usd bankroll, rarely a week with any negtive balance, for 200-300 usd a month? Just - why?
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For extra money.

Seriously.

If your system makes $300 a day and you charge the same per month for your system, by having 20 subscribers you just DOUBLED your profits.

Seriously. Why shouldn't you? Are you against making profits or something?

NetTecture · Jul 24, 2009

Ah, but here is the problem. In this particular system, 30 subscribers would overload the edge and start slippage Happens with short term systems. I can not handle 200 lot sizes there without slippage.

Plus, if I have a good system (double money in 6 months), I can see my income going up already significant.

I acutally need 30 subscribers - 30.5 to be exact. Once half pays the monthly system registration fee, and 1/3rd of the money goes to collective

Pekelo · Jul 24, 2009

Quote from NetTecture:

Ah, but here is the problem. In this particular system, 30 subscribers would overload the edge and start slippage
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That is YOUR problem. You asked why anyone would sell a system, I told you why.

For extra money...

And not everyone's system loses its edge after a few followers....

bkveen3 · Jul 24, 2009

Or if you have a scalable edge but don't have much starting capital. Im really looking at it for the records keeping. Quite a resume if you have a good system up there.

GTS · Dec 30, 2009

Received this email from C2 last night and have verified this is real, not a phishing attempt:

[Collective2 Urgent Notice]: Possible Security Problem with Your Account

Dear Collective2 User:

We recently became aware that our computer database was breached by a hacker and that the personal information of our customers was accessed. The information accessed includes names, email addresses, passwords, and credit card information. Thus, anything you typed into Collective2 before today may be potentially compromised.

We have contacted federal and state law enforcement authorities, who we hope will track down and prosecute the person responsible. More important: we have changed our database security, locked down our servers, and altered our Web site in order to prevent similar attacks. We are also notifying the three credit bureaus - Equifax, Experian and TransUnion - of the breach.

While we have no evidence that the hacker intended to use or has used the accessed information, it would be prudent for you to take the following steps.

Please immediately log in to Collective2 and change your password. You can do so through the following link:

https://www.collective2.com/changepassword

This link will also allow you to see other information which we have stored in our database and which therefore is possibly compromised. If you typed a credit card number into our site, we encourage you to contact your bank and ask them to change your credit card number. Again, we have no evidence that the criminal has made any illegal transactions. However, to be cautious, we suggest you monitor your credit reports to detect any unauthorized activity.

WHAT HAPPENS NEXT

Obviously our company depends on your trust. This has been a hard blow to the small team here at C2. It's devastating to learn that much of the good will and trust that we've built over the last eight years can be harmed in a day.

You have my promise: we will do whatever it takes to protect your security. We have already made the changes necessary to prevent further access to your personal information by the hacker, or by others.

In addition, we have hired an outside security firm to help us. The firm has been engaged to conduct a full review of our servers, software, and architecture, to insure that information is secure.

STEPS WE ARE TAKING

We need to work hard to rebuild the credibility we lost. The first step, before anything else, is that we must be honest with our customers and make sure that they are safe. For this reason, I encourage you to go to the link above, and to change your Collective2 password as soon as possible.

BROKERAGE ACCOUNT INFORMATION

Finally, we see that you entered brokerage account information into C2 in order to enable AutoTrading. While we have no evidence that the hacker has accessed any brokerage accounts, we think it prudent for you to contact your broker and ask them to change your account number or password.

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