What are you saying? So you’re basically agreeing he’s an egotistical maniac then? Then any criticism he received for not living up to his own lofty standards was warranted.
Please read in full before asking obvious questions
There’s no evidence he was profitable. There is evidence of him failing challenges on 2 or 3 occasions however. His introductory post on BP was like the second coming of Christ. Declared self authority on trading, just like any other YT guru, as far as I’m concerned. He just happened to be one of the first.
I thought I’d atleast watch his material till I saw this rambling crap from him:
@jcena44 One thing is true…those popular phrases have zero value. It won’t bring you anywhere.
About ICT I did read in the past what happened between him and Babypips. Apparently he had bad trading results. This of course turned off many. He also likes to troll, which does not help his credibility. These are the reasons why I also stopped learning his stuff in the past. Later I found out it really works, but others still being skeptical is understandable. It takes time.
To be fair. The first half of it sounds like he is boasting yes, but the second half is what teaches you a lot. You always need to read ICT his writings at least a few times.
Unfortunately this is the kind of response you ICT followers degrade conversations to. Mudslinging after a lot of unsubstantiated claims. Like sheep in any other cult of personality. Aren’t capable of critical thinking for themselves but very quick to defend their infallible leader.
No he can’t apply those principles to himself and his approach. If he took his own advice he wouldn’t be facing grief or the kind of conspiracies he faces even after leaving the forums. And everything he’s written is half-baked, there’s nothing to learn from there, atleast in that one post.
Like this guy he has people crying about some long forgotten event to dredge up his relevance in these forums. No one should care of about happened over 10 years ago, yet people who follow him keep bringing it up to keep him relevant, with unsubstatiated claims to boot. Specifically:
Claim ICT was profitable - No evidence
Claim all those critical of him were unprofitable losers - No evidence
This would be a huge waste of my time. The problem with egomaniacs like this is that they spend an unbelievable amount of time talking about themselves to make the rest of the conversation unbearable. They reek of insecurity. You should hear proper traders speak. People like Kathy Lien, Linda Raschke, Tom Hougaard or Brad Gilbert (Traders4Traders).
Here’s Linda Raschke’s youtube channel for context:
Edit: In case you don’t know who Linda Raschke is, she was interviewed in Jack Schwager’s Market Wizards and BP conducted an interview with her a while back. When you hear traders like this share their ideas you understand what a waste of time people like ICT are:
Edit2: I can see and understand why folks would find what he writes profound or knowledgeable if they were new to trading. And that’d make sense when you first step into trading, lost and confused looking for direction. What he says and writes starts to pale in comparison once you start reading good trading books or listen to good traders speak though.
I had similar doubts about ict. When you get to a certain level you realize how much you were holding yourself back with fear. Follow your wise intuition not your primitive emotions. I know its difficult but you are only hurting yourself. When i finally reached the level I wanted i went back and realized how ict gave it all away and i was behaving like a entitled brat demanding he be more specific, he is flat out giving the secrets away we just assume he is vague and delay our progress. Same thing with chris lori, they flat out tell you the truth and fear literally blinds us. Dont be a little bitch
These aren’t profound secrets. They felt profound to you because you were ignorant of it. As was I when I first read up on them.
Have you heard of Alexander Elder, Mark Douglas, Jared Tendler or Walter Peters? These are folks with degrees in Psychology/Psychiatry who’ve written books on trading. What you described as profound secrets is basic knowledge in their fields.
Even the fact that you are taking things so personally on behalf of ICT is very disturbing. Why do you harbor a grudge against people who’ve never done anything to your personally for something that happened almost a decade ago?
I’ve criticized him with proof of his God complex, asked for evidence on his profitability and given context to good traders with examples. All you’ve done is call me names with nothing to substantiate your claims. I will criticize him if believe it’s justified and you’ve done nothing to dispel it.
You can’t disprove anything I said with anything factual. You resort to name calling. Good luck and I sincerely hope you get out of that cult like mentality one day.
Maybe read up on other traders and listen to them as well.
Then listen to Tom Hougaard on psychology. He’s a trader who’s worked for JP Morgan (linkedin profile). He’s also got a ton of videos on his channel where he scalps live and responds to listeners streaming in.
Extremely humble, informative, gives a lot of credit to other traders and talks about his influences in those streams. No conspiracy theories, drama or hype. Also honest about his losses. Price action trader.
Japanese Trader Kei’s another example of a humble, very informative and insightful trader. Strictly retail trader and self taught. Ichimoku practitioner. He’s shared his trading plan willingly and explained it in detail. He also has streamed live trades on his channel. Again, no conspiracy theories, drama or hype.
They trade on live accounts, answer questions as honestly as they can and don’t have any issues talking about their shortcomings as traders.
Being polite does not breed elite level athletes. Trading is as challenging even more so than professional sports. Tell an nba coach how to guide their team, they will all call you a pussy laugh in your face and bench you. It is a very serious environment, no room for people that want to control the master, there is a shadow in us all, pretending to be immune to this fact feeds the shadow, limiting our potential. Read some carl jung
Most people dont respond well to kindness in a competitive environment. They take advantage of it to satisfy their insecurities. It smells weak so we dont listen but if someone comes with militabt authority and slaps the entitled brat out of you, we then listen. It is the reason why every challenging position is taught with this style to humble the student. You are told what to do even if you dont understand it at first. Wax on wax off. Get out of line and a verbal smackdown keeps you straight. I was such an arrogant punk and now im grateful for the tough mentors in my life that exposed my narcissistic shadow every step of the way. You have a long way to go and selective these soft teachers is delaying your progress due to human nature
Polite unattached people will let you self destruct. Especially if you crave this type of attention, they will feed you all day long. Until you are drunk with power and drive straight the wrong way
When teachers are nice it causes us to project our insecurities onto them, we dont trust them and our arrogance takes over telling you that you know better then them. Being humble with a nice teacher is impossible. Like i said read carl jung and your trading will transform
You can quote all Carl Jung all you want. You have examples of successful traders who stream their live trades, who you choose to ignore, over ICT who:
has no record of being profitable
has consistently demonstrated his ego gets in the way of his trading, which were the reasons for his failures on the demo account challenges
You’ve missed the point. It’s not being polite. It’s not letting the ego get in the way. Being present in the moment.
Don’t even quote NBA coaches. Steve Kerr just this November admitted to his rotations hurting Curry’s game. This admission isn’t a sign of weakness. It’s an acknowledgement of what’s not working. Admitting to something being wrong about oneself and giving respect where it’s due isn’t a sign of weakness. It’s a sign of strength & confidence.
You’ve never heard of coach Pop or Doc Rivers saying they f***ed up when their teams do badly? It’s about keeping it real.
I’m done anyway. I’ve given you plenty of verifiable content and examples of live traders and authors.
Edit: Just remembered how everyone was asking for Mike Budenholzer’s resignation last season because he “appeared” too soft. That didn’t turn out too well for those analysts either.
You lack the humility you seek in a mentor. Entitled brat making demands. They already made it, you have yet to. Know your place young man… demanding humility when you cant even define it. Just read jung and grow up
Look at how you talk, like you know for sure you are accurate but openly admit you are not consistent yet. Reminds me of my bratty phase when i started developing my trading mind. You are in no position to make demands, you should be bowing down, and shutting up. What if you are wrong, ever think that could be a possibility that you are off? Of course not narcissistic little boy still
The fact is ICT works, however there are other traders who have a profitable system as well. Do your due dilligence and find out what works and not. As Chris Lori said, he can not evaluate a system without spending time on it. If you are profitable and someone does not believe you, simply do not care . Better to spend time on things that are actually important. When people believe you, they will automatically come to you. We trade to be free, we do not trade for others to believe in our abilities.
