Who are some LEGIT Retails that "made it"?

tiddlywinks said:
For some reason Darc, your comment, not you, angered me during my morning coffee scroll-through. It perpetuates the whole everybody/everything is "fake" narrative that is so rightfully or wrongfully, ridiculously engrained within the halls of ET.

Yea, tax returns show income from all sources (supposedly). And what if a person trades through an entity AND individual accounts... that's means a minimum of 2 tax returns. And then there are traders with multiple accounts, maybe separate for different trade styles, separate based on trading instruments, separate for different time horizons, separate for custodial differences, separate for a cornucopia of reasons. And any of them can be lifelong losing accounts. Which account statement(s) is acceptable "proof" of success? Here in ET, account statements are NOT acceptable proof...the Madoff scenario becomes front and center. Photoshop!! So tax returns and account statements are out. Expecting full access to all financial affairs is just as ridiculous as everything is fake.

So what is acceptable proof to the world of Elitetraders?
Is there (should there be) difference between a non-soliciting home trader with or without financial credentials and a vendor, credentialed or not, selling goods and/or services?
What is acceptable to ET?
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Point taken. And Quallamaggies does give away so much teachings free of charge, so I should've been more diplomatic.

I think he's Legit, as there's a similarity to all these top Stock Traders, who have audited track records.
 
Sprout said:
I know, funny sht when you get some space from it.

However, he does have live results but one has to dig, he also has some epic fails. I'm more troll now but his content still fits the bill of the thread. Last I checked his lives still pull ~5k views which isn't too shabby and some of his top students have receipts.

One has to wade through ~30ish different entry models to even start backtesting.

I haven't done any DD on Qual, so I have no informed opinion.

Interesting you've used the word "sacrilegious" which implies that much of the space does have a devotional "cult" tone of whomever one aligns with; that devotees have found "The Holy Grail" of trading.
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Sprout it's not that Qual is so great, I've never done DD on him either so he could be another Madoff in the making, but I suspect not - everything he does is gears around actual trading.

It's more that ICT is an epic blagger. He's less 'your mentor's mentor' and more your wanker's wanker. It'd be be funny if he wasn't sending his acolytes down a blind alley full of misinformation where they're going to get knocked out with a shovel when they try out their order flow without any ermm ...order flow. Like being retail isn't hard enough, I just don't have much time for anyone playing the retail crowd for clicks and commissions. Which is how he makes a living.

And true about devotees - when Sam Seiden got sent down, his followers carried on defending him and his great financial word salad methodologies. Meh, traders eh?
 
beginner66 said:
Lawrence Chan comes to mind, he used to post here
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Isn't he a vendor?

Great guy, but I'm not sure he actually 'made it'.

trismes said:
Sprout it's not that Qual is so great, I've never done DD on him either so he could be another Madoff in the making, but I suspect not - everything he does is gears around actual trading.
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Apples and oranges. Qullamaggie is a trader, not a fund manager running a Ponzi, i.e., he has no clients.

As for ICT, I briefly checked out his content after running across him during my brief period on Twitter and while some of the stuff he said makes sense, a few of my alarm bells went off.
 
trismes said:
Sprout it's not that Qual is so great, I've never done DD on him either so he could be another Madoff in the making, but I suspect not - everything he does is gears around actual trading.

It's more that ICT is an epic blagger. He's less 'your mentor's mentor' and more your wanker's wanker. It'd be be funny if he wasn't sending his acolytes down a blind alley full of misinformation where they're going to get knocked out with a shovel when they try out their order flow without any ermm ...order flow. Like being retail isn't hard enough, I just don't have much time for anyone playing the retail crowd for clicks and commissions. Which is how he makes a living.

And true about devotees - when Sam Seiden got sent down, his followers carried on defending him and his great financial word salad methodologies. Meh, traders eh?
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"epic blagger" <- lol
What vernacular is this?

I don't dismiss all his content. From what I've seen, I don't doubt his ability to trade and again, many of his students have found consistent success after adjusting their expectations 3-5yrs (not 3-5mths).

The most I've seen him trade has been 10 ES contracts. I don't think his method really scales since he is focused so much on sub 5m entries. He doesn't really spend much time framing the trades based on instrument statistical data outside of one's own trading stats.

Since he has discontinued his paid mentorship in favor of "free" content, I'd concur that his current model seems to be more in generating click revenue.

Not familiar with Sam Seiden.
 
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Back on topic.

I talked in private with a guy who used to post here which had a fairly good run. He took a $2400 account where his initial trade was a $700 loss to $135K. This was day trading ES and I think it was over a 2 year period or so.

This was a retail trader with no professional background.

From what I could tell his method was fairly simple, but he did have a written trading plan he shared with me with hard rules for entries, day types and when to trade.
 
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