Inner Circle Trader's 5k To 1mil - Live Trading Tracking Thread

[PureMuscle]

Bro your post is also visible as I got a email notification. Oh well.

Anyway I think he’ll bounce back, he’s stuff does work. I’m recently up 140% on initial investment using he’s methods. I don’t use all of them either, just slowly introducing new tools as I get comfortable.

Agreed Let’s just hope he turns it around soon

[njokie]

wow interesting am now watching ict videos they were too complex when i was a real newbie now am a newbie

[anon88459104]

Agreed Let’s just hope he turns it around soon

Although not a trader of ICT’s methods, and in a totally unbiased way, nobody can make judgments on someones success over such a small sample size. As much as I would like to gloat about my own trading success, I have enough historical back-testing to prove that you do indeed get losing months in even the most profitable long term methods.

I would like to see ICT succeed, even though we have in the past thrown banter at one another. Lets not forget we are all in the same boat here.

[Hogarste]

9:30pm… I will open a Live Stream.

Have your comments and questions ready.

Livestream.com/babypipscomInnerCircleTrader

Great session last night ICT. Sincere thanks for the time. I’m long Fiber at 1.33, and have taken first first profit and moved stop to BE.

Lots of joking going on, but for those not on last night, the extra effort to answer questions and make sure we were all clear was really appreciated. I don’t know how one could argue against market structure as being a powerful technical tool.

[ChristianGrey]

Hey Anastasia - it was funny to start with but you can only flog the same joke so many times (see what I did there). Its beginning to fade a little - come on try harder !

Whose joking?! I’m grateful to ICT for what’s given and like sharing about my success, due to him, to everyone! I’m going to make my own thread today about how to trade ICTs concepts! I’m really excited and think I will be able to share useful information… Look for it in a few hours!

Good luck good trading!!!

[mastergunner99]

Tassie, I agree that a few weeks do not make a trader and I have not written off ICT’s successful completion of this challenge, especially since the tools work so well, but for someone who has been trading for 17 years, I would think that they would be immune to price-chasing and would be absolutely resolute in their risk management. Trade 1 day or trade 1000 days, it should make no difference, right?

I’m curious as to what math you used to be confident that the challenge will be completed.

[popinjay]

I’m curious as to what math you used to be confident that the challenge will be completed.

With a starting value of $5000, and assuming there are about 150 weeks (3 years) he would need to gain about 3.6% per week to reach a million.

[Drec70]

With a starting value of $5000, and assuming there are about 150 weeks (3 years) he would need to gain about 3.6% per week to reach a million.

Every one can crunch numbers until they are blue in the face. Reality is that it is [U]all[/U] subject to change (in either direction)…just like the markets.

[popinjay]

Every one can crunch numbers until they are blue in the face. Reality is that it is [U]all[/U] subject to change (in either direction)…just like the markets.

That is not subject to change, the numbers are fact. The question was what type of math was used in determining if the challenge was feasible and I simple supplied the math that would be needed to accomplish said task.

[mastergunner99]

With a starting value of $5000, and assuming there are about 150 weeks (3 years) he would need to gain about 3.6% per week to reach a million.

Now break it down by estimated amount of trades.

[Drec70]

That is not subject to change, the numbers are fact. The question was what type of math was used in determining if the challenge was feasible and I simple supplied the math that would be needed to accomplish said task.

Hypothetically speaking, you’re telling me if he hit’s 6.5% for for several weeks instead of 3.6% it’s not going to change your overall weekly calculation at all??

I’m not challenging your calculation, it’s obviously correct. And my reply was not towards the original question asked. I’m merely stating that the calculation of 3.6% is true as of today BUT it is subject to change tomorrow, week, month or in a year.

[PureMuscle]

I’m curious as to what math you used to be confident that the challenge will be completed.

I said that I have not written off ICT’s attempt to complete the challenge. Not sure where I mentioned being confident in his completion thereof. Can you elaborate?

Anyway bro, by your own admission you’re clocking in 25% in less than a month, so why don’t you try it since you’re in complete mastery of the markets? You should make it in less than a year.

[popinjay]

Hypothetically speaking, you’re telling me if he hit’s 6.5% for for several weeks instead of 3.6% it’s not going to change your overall weekly calculation at all?

Sure, it is obviously not going to be exactly 3.6% every month. I am just saying from the beginning to the end of 3 years, one would need an average of 3.6%/week return on their 5000 to reach a million.

[Drec70]

Sure, it is obviously not going to be exactly 3.6% every month. I am just saying from the beginning to the end of 3 years, one would need an average of 3.6%/week return on their 5000 to reach a million.

Like I mentioned above I don’t disagree with your statement. But my comment is true, it will change.

[system]

Damage control… almost have the drawdown recouped.

Last night’s LiveStream I commented on the Fiber and why I felt it was going higher. It panned out today to script. If you want to watch it… on my LiveStream channel it is titled MxFxBook Review & Market Structure Chat… it’s about 90 minutes.

Watch it here…

[mastergunner99]

I said that I have not written off ICT’s attempt to complete the challenge. Not sure where I mentioned being confident in his completion thereof. Can you elaborate?

Anyway bro, by your own admission you’re clocking in 25% in less than a month, so why don’t you try it since you’re in complete mastery of the markets? You should make it in less than a year.

I don’t master the market. Nor do I attempt to. I don’t control it. I respect the volatility of price movement, and catch what I can get out of the movements of the market as a whole.

25% in less than a month, is not 25% a month. I don’t anticipate having these same results repeated. I was able to take advantage of the yen’s decline over the last 40+ days. And it’s now 24.88% anyways as I took a small loss today of .45% on 42 pips earlier today. No worries though, I still have 1818 in open profits that result in another 20% gain if I were to liquidate my positions. ICT said you were doing well, where were you so far this year?

[mastergunner99]

Sure, it is obviously not going to be exactly 3.6% every month. I am just saying from the beginning to the end of 3 years, one would need an average of 3.6%/week return on their 5000 to reach a million.

The math is too simplicitic. It should be broken down to account for at least winrate and amount of trades and variance of pip size.

When you start digging through the math behind the scenes, you’ll see that this is literally an Olympic size feat to accomplish. ICT might be good, but unless he changes his strategy or the goal, he’s a bit in over his head. I’d just as well like to see him finish it. But it just won’t work as things currently are and are looking to be.

[system]

He’s showing 8.5% this week

Kudos Bro… WTG :57:

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I don’t master the market. Nor do I attempt to. I don’t control it. I respect the volatility of price movement, and catch what I can get out of the movements of the market as a whole.

25% in less than a month, is not 25% a month. I don’t anticipate having these same results repeated. I was able to take advantage of the yen’s decline over the last 40+ days. And it’s now 24.88% anyways as I took a small loss today of .45% on 42 pips earlier today. No worries though, I still have 1818 in open profits that result in another 20% gain if I were to liquidate my positions. ICT said you were doing well, where were you so far this year?

[system]

You’ve been recorded multiple times stating your view. Now allow me to do my thing and show you your error. I have plenty of time and the market will provide me more than enough “opportunities” over the next 3 years.

:57:

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The math is too simplicitic. It should be broken down to account for at least winrate and amount of trades and variance of pip size.

When you start digging through the math behind the scenes, you’ll see that this is literally an Olympic size feat to accomplish. ICT might be good, but unless he changes his strategy or the goal, he’s a bit in over his head. I’d just as well like to see him finish it. But it just won’t work as things currently are and are looking to be.

[mastergunner99]

You’ve been recorded multiple times stating your view. Now allow me to do my thing and show you your error. I have plenty of time and the market will provide me more than enough “opportunities” over the next 3 years.

:57:

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What is your thing? People have referenced that you’re deviating from your taught strategies of only taking a few trades a month. There were concerns on your entries and your exists, and the amount of pips you were taking.

What strategy are you employing to fulfill this challenge?

Business plans are important. I’m offering to lay out detailed numbers for you so you have an expectation not only for yourself, but for your intended audience on what you would be looking at to accomplish this task.