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Recent Scott Phillips Facebook
- Thread starter hy1200
- Start date
I agree. He gave it away in four sessions for free. He has a reputation and I hoped some one on this site had actually followed his system. There was a thread from Dec '19 some one posted very unhappy that they had three consecutive losers with his method, then requested their money back. He charged for the system then and now post the system for free for all to see. I dont get it.
system?
the market is a trap......if not which idiot is going to buy high and sell low?
they are forced to.....the shorts are forced to close by buying high and the longs vice versa...
any 'system' that does not take this reality into consideration is only depending upon the uncertain movements of the markets to make money.
you can make money without knowing the direction of the market if you understand risk management.
however if you understand that market are a trap and learn to trade this then the money you make increases hugely.
ultimately you need to increase your risk reward.......it is not about a system or strategy or knowledge about market......if you do not make make more than you risk, you are always going to be in danger of eventually blowing your account.
any business is always going to be about what you put in and what you get/take out.
how do they trap you......any reversal signal when there is a trend will not work......or it will fail or end up a trap..
meaning that you will get a reversal signal and then most often you will get a confirmation signal- like a bar breaking the low of another bar, in a sell signal,- and then the trap is sprung.....the market reverses up and then everyone is chasing the market up-longs and shorts [who are buying back what they sold]
that is what fuels the trend........
so forget all the bull shit you see in technical analysis books.....
if you can spot this process this trap then you will make huge money.
if this trap is not there then market will chop
the market is a trap......if not which idiot is going to buy high and sell low?
they are forced to.....the shorts are forced to close by buying high and the longs vice versa...
any 'system' that does not take this reality into consideration is only depending upon the uncertain movements of the markets to make money.
you can make money without knowing the direction of the market if you understand risk management.
however if you understand that market are a trap and learn to trade this then the money you make increases hugely.
ultimately you need to increase your risk reward.......it is not about a system or strategy or knowledge about market......if you do not make make more than you risk, you are always going to be in danger of eventually blowing your account.
any business is always going to be about what you put in and what you get/take out.
how do they trap you......any reversal signal when there is a trend will not work......or it will fail or end up a trap..
meaning that you will get a reversal signal and then most often you will get a confirmation signal- like a bar breaking the low of another bar, in a sell signal,- and then the trap is sprung.....the market reverses up and then everyone is chasing the market up-longs and shorts [who are buying back what they sold]
that is what fuels the trend........
so forget all the bull shit you see in technical analysis books.....
if you can spot this process this trap then you will make huge money.
if this trap is not there then market will chop
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