Who is (very) successful with the ICT Silver Bullet strategy ?

[MarkBrown]

RE: Privately: Why?

RE: Publicly: I suspect you won't do that again.

every now and then i see someone with exceptional potential, i get to know them a while and when i'm positive i can help them, i do. i have more right now than ever 4 concurrently, 1 is kicking ass "worked the longest with him" and the other's are at least having mixed results up down. i charge nothing cept that if i ask them to trade an account for me in the future - that they would consider it.

if you truly find an edge and work at it, you will have edges galore. it's takes an edge but more so it takes mental conditioning way beyond the ordinary. but once someone has success they get it and build on it.

there is a whole subject "behavioral finance" the markets are rigged against the mind of a regular person, it takes exceptional mind control to defeat the trap. everything you thought you knew becomes an obstacle.

m

 

[ironchef]

There have been and still are plenty of unprofitable gurus on ET as well who loves to 'teach' for free.

I enjoyed and appreciated those free lessons. Whether the teacher is profitable is really not that important.

 

[BAT31]

every now and then i see someone with exceptional potential, i get to know them a while and when i'm positive i can help them, i do. i have more right now than ever 4 concurrently, 1 is kicking ass "worked the longest with him" and the other's are at least having mixed results up down. i charge nothing cept that if i ask them to trade an account for me in the future - that they would consider it.

if you truly find an edge and work at it, you will have edges galore. it's takes an edge but more so it takes mental conditioning way beyond the ordinary. but once someone has success they get it and build on it.

there is a whole subject "behavioral finance" the markets are rigged against the mind of a regular person, it takes exceptional mind control to defeat the trap. everything you thought you knew becomes an obstacle.

m

Fair enough...

 

[heispark]

Chris Lori said ICT was one of his students. ICT should have learned trading from Chris Lori I think..... Anyway, it looks really works. Look at this guy from forexfactory: https://www.forexfactory.com/stevepatt
He posts live tradings and they are mostly winners. He learned from Chris Lori and ICT.

 

[Laissez Faire]

This is a pesky point that I'm surprised that all people aren't in agreement. Given the uber-competitive and individualistic nature of trading, I refuse to believe that generosity exists (e.g., simply divulging the intricate details of a highly successful system).

Who simply hands over their money-making edge, thereby losing it as a consequence? Exactly, no one.

Since I enjoy playing the devil's advocate, I'll attempt a reply.

If you have a really, really good system (and especially if it's a mechanical/automated one) it makes zero sense to give it away or even sell it, unless you were compensated extremely generously.

This leaves us with a few options:

a) The system being sold or taught is complete garbage

b) The system being sold is moderately successful and may contain some valuable elements, but probably with a lot of loose ends and discretion, i.e., it's not a complete system. As such, nobody can exactly duplicate your play and there's no risk by giving it away or selling it. Due to the discretionary nature of it all, you can always blame the student/customer for not having done the work or something else.

Both a) and b) essentially means risk-free money. And even if you have something that's somewhat successful, collecting risk-free money selling the dream is far easier than trading a system which most likely will suffer an extended drawdown at some point.

I'm sure further points could be added, but it seems clear as day to me that if it was a fantastic system it would not be available to the public either for free or for money.

 

[Laissez Faire]

What is important and what worked for me are not someone's secret source or detail trading strategy but general principles which can be used as a foundation to build my own profitable strategy.

And I am going to spend some time looking into ICT.

Agreed. Would be cool if you update us on your ICT studies.

I enjoyed and appreciated those free lessons. Whether the teacher is profitable is really not that important.

Respectfully, I disagree on your last sentence.

 

[hilmy83]

Chris Lori said ICT was one of his students. ICT should have learned trading from Chris Lori I think..... Anyway, it looks really works. Look at this guy from forexfactory: https://www.forexfactory.com/stevepatt
He posts live tradings and they are mostly winners. He learned from Chris Lori and ICT.

Would be nice if he had a trade explorer. Hard to follow performance through posts.

 

[Sprout]

Not quite related to the topic at hand, but some really good stuff here on how trading is rigged against human nature and how even if we know what to do, doing it can be hard. Similar stuff have been said by others, both traders and researchers.

Great reference you quoted

 

[Sprout]

This is a pesky point that I'm surprised that all people aren't in agreement. Given the uber-competitive and individualistic nature of trading, I refuse to believe that generosity exists (e.g., simply divulging the intricate details of a highly successful system).

Who simply hands over their money-making edge, thereby losing it as a consequence? Exactly, no one.

Frame better questions, get better answers

 

[BAT31]

Frame better questions, get better answers

Somehow Mark Brown was able to understand the question perfectly, and gave a great answer. But I digress... Maybe he has more insight than you.