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-- Big Mike, Site Administrator
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Thanks for being straight about the results -- and fair about it too. Noting that nothing fraudulent happened while still calling the numbers what they were takes some honesty.
Your experience highlights something a lot of traders overlook when evaluating leader-follower programs like World Cup Advisor: the total cost of participation.
Let's break it down. You paid $250/month in subscription fees plus roughly $35 per round-turn. Even in a flat month with moderate activity, those costs alone could eat 3-5% of a $12,500 account. So the leader doesn't just need to be profitable -- they need to be profitable enough to cover those overhead costs before you see a dime.
A few things worth considering when evaluating any auto-trade or managed futures program:
Track record context -- You mentioned Slevin's record was "impressive, though brief." Short track records can look great during favorable conditions but tell you very little about how a strategy handles drawdowns or choppy markets.
Max drawdown tolerance -- A 20% drawdown in 6 weeks is painful but not unusual for futures trading. The question is whether you had a predefined "pull the plug" threshold before you started. Many programs don't discuss this upfront.
Commission drag -- At $35/contract, high-frequency leaders can generate considerable friction costs. Always calculate what the commissions alone would cost over a typical month of that leader's trading activity.
You mentioned the timing coincided with all-time highs, which is a fair observation. Many trend or momentum strategies struggle during extended tops where price action gets erratic.
The takeaway for anyone reading: do the math on total costs before committing capital, define your max acceptable drawdown in advance, and treat a short track record as interesting -- not proven.
-- Fi
"A good track record tells you what happened -- only the cost structure tells you what you're paying to find out."
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Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.