Darwinex: Hall of Shame

[Shivank]

Hi,

As an active community of traders and investors, we should analyse big crash of darwins (many of them analysed in detail at darwinex community forum), those data should be helpful in spotting such darwins in future.

 

[CavaliereVerde]

Let's start with 2 big fails:
XIN https://www.darwinex.com/darwin/XIN
DLF https://www.darwinex.com/darwin/DLF

 

[Pure Pip Producer]

Great idea!

I did the same in french since sept 2017 : https://darwins.pro/le-gadin-de-la-semaine-le-gadin-du-mois-128

Héhé

 

[Shivank]

Let's start with 2 big fails:
XIN https://www.darwinex.com/darwin/XIN
DLF https://www.darwinex.com/darwin/DLF

Thanks @CavaliereVerde

I would say DLF is still active and made some recovery in last 1.5 years. However, I agree investors made huge losses on that darwin.
However, there was one trader with Darwin BUX or similar can not find that Darwin or trader on Darwinex...

 

[CavaliereVerde]

BUX is closed so it doesn't appear on seach, you have to digit it on URL .
BTW BUX never had a significant aum

 

[Shivank]

BUX is closed so it doesn't appear on seach, you have to digit it on URL .
BTW BUX never had a significant aum

Yes there wasn't significant AUM, but that guys confidence and marketing was another level...

 

[CavaliereVerde]

This is the crash list I used to stress test investing strategies.

SRK HBU RCA TAK XYT YVG JZH XXW XIN VQG RWL RIH FTA

 

[Shivank]

This is the crah list I used to stress test investing strategies.

SRK HBU RCA TAK XYT YVG JZH XXW XIN VQG RWL RIH FTA

@CavaliereVerde Interesting.

---

From my point of view
SCS is also big crash, as I remember when this Darwin was introduced everyone was investing in it crazily...
Now, in underlying strategy DD is ~80%!!!
The darwin has lost huge amount because at peak it had an AUM of 1.5M and now DD of ~35%.
If Darwinex is transparent they must release amount/return on AUM (in absolute term) earned/lost by Darwins instead of performance fees (Shall we all write to Darwinex and see how transparent they are???).
---
Edit:
I have wrote an email to them, will keep you updated on this...

 

[CavaliereVerde]

Yes I think SCS is the very representative of the hall of shame. 👍

Darwinex - The Trader Exchange

The online brokerage that allows sophisticated traders to trade the market and investors to back them.

community.darwinex.com

 

[Pure Pip Producer]

Remember QUA? Not so bad as well 😅

Few millions investment lost... : https://www.darwinex.com/fr/darwin/QUA

Darwinex forum description : https://community.darwinex.com/t/qua-quantessence/2962




Pure Pip Producer personal opinion 1 : If you read the word "Quantitative" in a trading strategy description, run away the faster and the farest as you can...

Pure Pip Producer personal opinion 2 : Quants = Mythomaniac

 

[CavaliereVerde]

I think overconfidence is a problem for both quants and non quants.

BTW this is not to discuss about overconfidence or quantitative trading.

 

[CavaliereVerde]

I think BUX and HGF are the best examples of non-quantitatve megalomany.
But no big damage for investors so rather hall of megalomany .

 

[ASGTrade]

It's one thing to be overconfident and seriously but unintentionally misguided (see BUX), and it's another thing to intentionally throw together buzzwords, jargons and superfluous statements to deceive people into thinking you know what you're doing.

I also don't understand how some of these strategies still have investors even when the trader has since disappeared. See QUA, FSK, etc.

 

[Pure Pip Producer]

EDIT : Megalomaniac isn't mythomaniac. Megalo is more like Elon Musk or Zlatan Ibrahimovic... not so bad



I can see only HGF... It's not trading, It's just buy and hold on the stocks markets, i think...

What do you think about KNJ ? : https://www.darwinex.com/en/darwin/KNJ

Look at its trading account : https://www.darwinex.com/en/account/KNJ.9

Very weird thing... It's seems that the RM cut all before the IPO ... 😂

 

[Pure Pip Producer]

It's one thing to be overconfident and seriously but unintentionally misguided (see BUX), and it's another thing to intentionally throw together buzzwords, jargons and superfluous statements to deceive people into thinking you know what you're doing.

Totally agree

 

[CavaliereVerde]

That KNJ could be a manifesto against migrations.

Let's stay on topic with big crashes for investors!

 

[CavaliereVerde]

AUA

Darwinex: Invest in AUA created by wwwYPYcc

Invest in AUA listed by wwwYPYcc. Diversify your portfolio and invest in leading independent traders. FCA (UK) & CNMV (Spain) regulated FinTech.

www.darwinex.com

Darwinex - The Trader Exchange

The online brokerage that allows sophisticated traders to trade the market and investors to back them.

community.darwinex.com

 

[TrainerTXR]

They don't.Darwinia investments are made with'monopoly money'.It is a marketing tool to attract new traders and ,darwinex thinks, it is motivational tool for existing customers.But most of customers quickly get disillusioned.

So DO they really invest or just paying the fee, if someone can make profit???

Since in the 'asset management' section i cannot see divergence&trade stats for darwinia invest, just for 'real investors'

 

[TLN]

or just paying the fee

I think this.

 

[Gargamel]

I think yes.
@Gargamel used to calculate it.
Just, I dont remember location of that report
In short, Darwinex losed money when investing of top Darwin in Darwinia.

Sorry,that was @Sterso7

Darwinia contest

With high return you will attract dumb money.Smart money is preoccupied with risk. The problem is that there is no smart money... Darwinia demo money is smarter than the average investor. 90% of investors are a herd of brianless cows moving from the previous Grail to the next. There are 30...

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