Here's what happened after i buy course from Scott Phillips

Having 3 straight losing trades is not a statistical anomaly
No it's not. However if you claim your system have 75% win rate, what's the probability of having 3 straight losing trades in your first trade?
 
To be honest i don't care he was a criminal. This is what happened in the past and he paid for it. Actually i am not even sure if he was a criminal. So i wouldn't worry about it and i didn't.

Actually i am not after my money. I wanted to pay and bought that course. What i can not accept is his attitude. He can not say f.. to his client.

And i liked him to be honest. He was very responsible. Looking at his background, i liked how he wanted to change his life. But suddenly he did this to me.
 
I paid $3000 for a trading coach before.
he was an unscuccessful trader.

Over the past few years, I haven't heard of him
 
I paid $3000 for a trading coach before.
he was an unscuccessful trader.

Over the past few years, I haven't heard of him

I can also understand courses. It's a cash flow. People often ask why do you teach a strategy if you are good at it. Well we all know that there's no holy grail in trading business. If you are used to a system and profitable, it's your holy grail. One can read and trade 20 MA making profits. This doesn't mean i will trade 20MA and be profitable. Selling courses is good. This is their business.

BUT: They shouldn't offer holy grail. They shouldn't tell that they are live trading if they are not. I like transparency. I can still buy a course from someone who is not profitable. The reason is to find something he can not see or he can not use.

Unfortunately there are too many scammers. And I say more than 90% of educators are scammers. I would teach what i know about TA. I doubt it would hurt me.

See, most day traders are using momentum breakout strategy in stocks market. What they basically do is to trade bull flag breakout and some of them are quite successful. But i doubt it will work forever.

I have designed an algorithm and backtested it in FX and Stocks market. I don't remember now but the starting date of backtest was something like 2004. When you look at the balance growth chart, you can easily say HOLY-GRAIL. However, if you look closely, the algo lost money since 2017. Think if you would started trading that at the beginning of 2017. You would be 20% down today. I will share the screenshot of the chart later here.
 
Every trading system is an excellent trading system at some moment in time.
It reminds me of the quip by the famous football coach Vince Lombardi: winning isn't everything it is the only thing.
My corollary is that timing isn't everything. It is the only thing.
 
When a financial trainer calls his strategy "HOLY GRAIL", alarm bell should start ringing. This smacks of sales talk. He's throwing words like "holy grail" as bait.

If the trainer is really so good with a holy grail system, do you think he'll be sharing with other people? I bet he is going through serious drawdowns as a trader. So, he's resorting to sure-gain business like training for stable income.

Hi,

Months ago I have purchased Scott Phillips' price action course. It was really hard to follow. I couldn't watch whole thing. After months he released something called holy grail, promising 70% even 75% win rate more than 1 risk-to-reward.

I have purchased his so called holy grail strategy. My first 3 trades were losing trade. Thanks God they were in simulated account. He and his co Daniel said it's normal. Well 3 consecutive losing trades might occur of course. But the probability is very low especially in your first 3 trades.

Anyways i have got an email yesterday and i saw that he's giving away his strategy. I felt like i was fooled and wanted to ask why is he giving away it for free. This guy is very rude. He suddenly lost it and here what happened afterwards:

PS: I can send screenshots as well.

Atilla (me):
Scott hi. Can I ask why did we pay $250 for your system if you are giving it away for free? I'm just wondering and would like to learn. I have even subscribed your other price action course.

Scott Phillips:
They get a video on the concepts for free. Watch it, its not the same thing.
And youve got no right to complain you got a bargain anyway

Me:
What bargain do you mean? I didn't get any special promotion or discounts.

Scott Phillips:
At this point its time for you to fuck right off buddy. You got what you paid for, and when I want advice on how to run my business I'll be sure and let you know
I've unsubscribed you from our list
Byeeeee

Me:
I'm giving you just one chance to apologize from me. I have every right about asking what I have paid for and you can choose not to answer of course, If this is how you run your business. But you can not tell me to f..k off and you can not unsubscribe me from your list if it is part of what i have paid for. Otherwise, of course you can.
Now do what you have to do or i will:
1. Ask for refund
2. If you reject, i will send all these emails to my bank and ask for chargeback
3. I will also send reviews to reddit, elitetraders, forexfactory, babypips and etc.

Well it's up to you how you would like to proceed
Thanks

Scott Phillips:
You are a tiny, tiny penised man.

We all get to decide who we want to do business with. You are a complete wanker so I don't want to do business with you.

You paid for something, you got it. If I want to give it away for free at a later date that's really up to me, isn't it.

Get how that works? Hard to understand? Off you fuck...

Scott Phillips (Again):
And mate PLEASE PLEASE take your complaints to forexfactory, reddit, etc etc.
Please. As many as you can. I'd love the opportunity to demolish you in public (you are just another muppet that couldn't trade the system and gave up because you suck) and get a heap of free publicity.

I would actually pay you to do that. It would be doing me a massive favour. I'd be particularly grateful for elitetrader, forexfactory and forexpeacearmy exposure!

Me:
All i have asked you was a simple question Scott.
As you wish.

Scott Phillips:
And you got your answer.
Now off you fuck, wankmaggot
---
He doesn't have rights to send me such emails. I was always polite to him. I'm not his friend but his client.

Do you think i was wrong and he was right?

Thank you
 
Back
Top