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

When I first saw Scott online I thought "this guy is Russian Mafia", but after hearing his Aussie voice and his down to earth way of putting things, I relaxed and started following his newsletter. Scott is a system trader which is very different from my discretionary style of trading.

I think Scott has been down the trading rabbit hole with many mentors Van Harp etc which are very expensive courses and now would like to teach and find his place in the market, and why not?

Scott does know his shit, and he is well versed in trading systems and in some areas more experience than me.

I have recently purchased his price action course as it more my style of trading for half price (Black Friday), I can't comment on it as I haven't had the time to complete it yet. I will repost a review when done.

In regards to systems Holy Grail, Turtles, Mary Jane etc Any system needs to have 50 trades as a minimum to evaluate it, most require 200 +. Taking 3 trades and stop is the wrong approach. I think that's why Scott lost his banana.

Is the system good? no idea, thats why you have to backtest hundreds of trades.

I do recall Scott saying that it takes a lot of work to master this system.

Also, some of the best systems out there only have a 50% or lower hit rate, they lose most of the time but they limit the losses to say 1R and win with 5R or more. Imagine losing one trade after another and still believe in the system?

I don't know Scott personally but would like to see you two to come to some satisfactory solution.

In Peace
Razorswingtrader
Sydney
Australia
 
Razorswingtrader said:
When I first saw Scott online I thought "this guy is Russian Mafia", but after hearing his Aussie voice and his down to earth way of putting things, I relaxed and started following his newsletter. Scott is a system trader which is very different from my discretionary style of trading.

I think Scott has been down the trading rabbit hole with many mentors Van Harp etc which are very expensive courses and now would like to teach and find his place in the market, and why not?

Scott does know his shit, and he is well versed in trading systems and in some areas more experience than me.

I have recently purchased his price action course as it more my style of trading for half price (Black Friday), I can't comment on it as I haven't had the time to complete it yet. I will repost a review when done.

In regards to systems Holy Grail, Turtles, Mary Jane etc Any system needs to have 50 trades as a minimum to evaluate it, most require 200 +. Taking 3 trades and stop is the wrong approach. I think that's why Scott lost his banana.

Is the system good? no idea, thats why you have to backtest hundreds of trades.

I do recall Scott saying that it takes a lot of work to master this system.

Also, some of the best systems out there only have a 50% or lower hit rate, they lose most of the time but they limit the losses to say 1R and win with 5R or more. Imagine losing one trade after another and still believe in the system?

I don't know Scott personally but would like to see you two to come to some satisfactory solution.

In Peace
Razorswingtrader
Sydney
Australia
More...

I really have no problem with him. I have asked him a single question. That's it. Please read the whole email. He need to apologize from me. That's it! I gave him this chance and he rejected.
 
Razorswingtrader said:
When I first saw Scott online I thought "this guy is Russian Mafia", but after hearing his Aussie voice and his down to earth way of putting things, I relaxed and started following his newsletter. Scott is a system trader which is very different from my discretionary style of trading.

I think Scott has been down the trading rabbit hole with many mentors Van Harp etc which are very expensive courses and now would like to teach and find his place in the market, and why not?

Scott does know his shit, and he is well versed in trading systems and in some areas more experience than me.

I have recently purchased his price action course as it more my style of trading for half price (Black Friday), I can't comment on it as I haven't had the time to complete it yet. I will repost a review when done.

In regards to systems Holy Grail, Turtles, Mary Jane etc Any system needs to have 50 trades as a minimum to evaluate it, most require 200 +. Taking 3 trades and stop is the wrong approach. I think that's why Scott lost his banana.

Is the system good? no idea, thats why you have to backtest hundreds of trades.

I do recall Scott saying that it takes a lot of work to master this system.

Also, some of the best systems out there only have a 50% or lower hit rate, they lose most of the time but they limit the losses to say 1R and win with 5R or more. Imagine losing one trade after another and still believe in the system?

I don't know Scott personally but would like to see you two to come to some satisfactory solution.

In Peace
Razorswingtrader
Sydney
Australia
More...


Hi Scott. Lay off the meth and the anadrol. It won't make you any taller.
 
Fxadviser60 said:
Ates,

What is going on here?
More...

Fxadviser60: "There is a legal phrase "caveat emptor" - let the buyer beware."

There also is a saying "don't involve in a matter if you have no clue of what you are talking about or there is no chance of contributing in any way"...

- Ates did not say that he did not get the presented info on Holy Grail. He said he did not bother to go through a course named Price Action. That is a completely different mess from Scott.

- Ates only question was: Why are you (Scott) now (a few months later) giving away the same system I had to pay for? Especially since Scott's promised: "...this is never going to be cheaper than this...bla bla bs...".

Fxadviser60: "Then if it doesn't work you may need to refine what you are doing. It is the information he has sold you and if you paid $250 and got more than an hour of information then you are doing all right."

So now you imply that you know what he was selling? What promises he gave. How much money all would make. How many R you would crank in every day? AND you are implying that the buyers got exactly that? Essentially you are saying Scott is ok. Buy what he is selling.

Concur, What is going on here?

/ Prince Pit
 
I have taken the price action masterclass and the system trading class. I also have access to the Holy Grail system rules site and have spoken to Scott over the internet.

I came across Scott from his Quora posts and what you get in real life is a brutally honest character who will call you out, correct you, disagree, argue or sometimes agree. But one thing is for sure if you ask him a trading question he will give you an opinion, work around or action to get past your block. His videos share a lot of insight, aren't glossy, but get the point across.

Scott is always quick to point out that a good backtest over a large enough number of trades is needed to validate a system. Knowing and internalising the rules is not enough. The key is in execution, being aware of time, candles, entering on the keyboard and building up to being in the moment over a long enough time. Add on top of that accurate and full record-keeping in real-time, that will then allow you to compare performance against your backtest.

When I was building up my experience I was using a modified version of his Scalpius system and spent many hours on the trade entry and record-keeping needed to track system performance and P&L and I still wasn't at a level needed to be successful with it.

If someone hasn't spent the time upfront in practice on execution and testing they are not going to execute anything well and will not have any way to honestly rate their own performance. Runs of losers happen. If you have a backtest, or even a forward test on going, only then do you have a way to verify your output. If something doesn't match then is it really in the system or the operator. It could be both, or just one.

If the original poster had a long backtest and some good records of trades all this would be put to rest. But the original poster has more of an issue with Scott and not his trading or systems. The issue between Ates and Scott got personal quickly and is still burning on.

As for the Holy Grail system - yes, I'm giving it a shot, but it will be a while before I execute it live. And I will be using my own backtests and records to measure it. It's down to me.
 
richkh said:
I have taken the price action masterclass and the system trading class. I also have access to the Holy Grail system rules site and have spoken to Scott over the internet.

I came across Scott from his Quora posts and what you get in real life is a brutally honest character who will call you out, correct you, disagree, argue or sometimes agree. But one thing is for sure if you ask him a trading question he will give you an opinion, work around or action to get past your block. His videos share a lot of insight, aren't glossy, but get the point across.

Scott is always quick to point out that a good backtest over a large enough number of trades is needed to validate a system. Knowing and internalising the rules is not enough. The key is in execution, being aware of time, candles, entering on the keyboard and building up to being in the moment over a long enough time. Add on top of that accurate and full record-keeping in real-time, that will then allow you to compare performance against your backtest.

When I was building up my experience I was using a modified version of his Scalpius system and spent many hours on the trade entry and record-keeping needed to track system performance and P&L and I still wasn't at a level needed to be successful with it.

If someone hasn't spent the time upfront in practice on execution and testing they are not going to execute anything well and will not have any way to honestly rate their own performance. Runs of losers happen. If you have a backtest, or even a forward test on going, only then do you have a way to verify your output. If something doesn't match then is it really in the system or the operator. It could be both, or just one.

If the original poster had a long backtest and some good records of trades all this would be put to rest. But the original poster has more of an issue with Scott and not his trading or systems. The issue between Ates and Scott got personal quickly and is still burning on.

As for the Holy Grail system - yes, I'm giving it a shot, but it will be a while before I execute it live. And I will be using my own backtests and records to measure it. It's down to me.
More...


Scott, put down the amyl nitrate and look for fresh victims elsewhere.

"Scott Phillips trading scam"

We want Google to crawl this shit effectively.
 
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