I generally agree with Jack's concept, but totally disagree on his approach and the real outcome. This is important because it takes us beneath the RULES to how the brain works.
If you see a top trader explain a set up, and then demonstrate trading those set ups in live trading, you won't think in terms of left brain RULES. Instead you think in terms of right brain PICTURES of successful outcomes. Copying live trades differentiates the mind whereas after-the-market drills or trying to learn the trade live but on your own only reinforces left brain rules and confusion.
If live demonstrations are followed up with the mentor asking you to call the market immediately prior to or during live market reversals, then you can't think in terms of rules as it's the opposite side of your brain that is controlling the trade. You either see it or you don't and, and if you are rule based you will be too slow.
When driving you put your foot on the brake in an emergency before you have told yourself what to do because it's a right brain reaction. Reading about how to do an emergency stop and thinking that is the same as live action fools your brain. Look at Neoxx's thread for several examples of how he was utterly convinced Jack's SCT was perfection and he was âpartnering with the marketâ so that Jack was telling ET how Neoxx was compounding money.
Then look at what happens when Neoxx went live. It was an unused right brain crash and burn time but Jack and Neoxx had been convinced steady progress had been made. Jack has loads of ring binders for traders to drill SCT into their reflexes, but all that happens is that traders get overloaded with rules and hence no one can demonstrate SCT live. The extraordinary perfect X3 and X6 daily range claims are all based on what would happen IF someone applied all the RULES correctly, and while Jack claims to have trained tens of thousands of traders on SCT, try finding one, just one, who will demonstrate SCT live and get anything like these results.
Talking with my ex. who is a pro trader, he said a trader doesn't struggle with rules: you struggle with self belief because your inner conscience knows you are not flowing with the market. The Inner Game of Tennis was the first book to explore how rules destroy our ability to perform and explained the need to close down the left brain to allow the right to control superfast decision making.
Jack leaves his bootcamp guys on their own struggling to find the channel lines in the live market and then to correct it after hours. This drill only reinforces left brain rule domination. It takes months of explain â live demonstration â live copy drills for the right side of the brain to dominate, but that's how everyone from special forces, top athletes to musicians etc. are trained until it become impossible to even think what the rules are. Take out the live demonstration and copying and what do you have? Well let's put it this way, if you were a hostage would you want guys who had seen and copied live-fire drills to rescue you, or guys who had read how to do it from ring binders and practiced on their own with blanks?
Problems with rules or trading discipline come from right-left brain conflicts that in a nutshell stem from lack of belief whereas seeing is believing. Aspiring to copy what's demonstrated is a greater positive influence than trying to follow a bunch of rules.
Good luck.