The amusing thing is that if Scott put away his ego for a second and treated his customers with respect, none of this would have ever happened. Trying to out-Alpha male people into submission might work in the prison system, but not on an online message board. From Scott's email: "So the favour is this. Jump in on this thread and tell them what you think of me, my systems and my results. Both good and bad. Tell the truth. If I'm shit, sing it loud and proud." Ok shit, you said it, not me. Why would you treat your paying customers poorly and expect them to stand up for you?
Mr. Phillips, Seriously, if you believe in your system and the product you are selling out there, then you should come out and defend it yourself; explain how it works and what makes it so special. Furthermore, if you really believe in your trading system and it has been making you a ton of money as you claim, then become sponsor of this form and use it to promote your business. I think this is the only way for you to clear yourself and prove to the world that you are an honest business man and that your trading systems really work. Good luck
He said in his email that he was banned. I posted a rebuttal on elitetrader but they immediately banned me. Which two aliases do you think are Scott?
As I also seen the e-mail, I thought i'd post here as well. Been off and on trading for 15 years, last year and a half full time. Found Scotts stuff a couple years ago, and have also spoken to him. I forget where I found him, I think on Quora, by chance. Being very well versed in how to avoid scammers in all areas of life, he passed my sniff tests. Both his Price Action Masterclass and Systems Trading Masterclass were excellent purchases, and I have no regrets at all, and I still recommend them. I rewatched most videos many times over, and overall it improved my technical execution. It allowed me to get balls deep into designing systems, and there is little material that is as straightforward as his, and covers all the major bases (Although it's weak in analysis, everything manual, he actually calculates MFE by hand - I have to respect someone who can handle drudge work like that) This "Holy Grail" system however, is something else. It should have never been sold as is, because to mirror others who have bought it, it's incomplete. It was mentioned on the earliest sales if it could be automated, and the answer was "yes". The answer my friends is a resounding NO. This system is completely useless in the hands of a beginner. He also mentioned giving away the "Complete rules" - when they are far FAR from complete. There is a ton of nuance (important nuance) that is not disclosed, and there is still ongoing changes to the rules. I feel these rules should be shared for those who purchased the system, especially at full price. I orignally bought it because I had already started developing my own system, and was looking for pieces and parts to steal to make mine better. It served me, but I still feel as if this wasn't a good purchase. Scott when you read this, I would recommend you do that, including whatever these new rules like "Minimum viable R". You sold and are selling an incomplete system as complete, and that's where you are losing the trust. Make it right, and you can work this out.
Well you, @Razorswingtrader, @richkh, @fxzen and a couple others. "Scott Phillips trading fraud" I hear that Scott needs the money for his meth habit and loads of Valtrex.
Me?!?! LOL! It's true I just registered at ET today, and just because I saw Scott's email asking for a "favor". I've never purchased anything from him and I'm just registered on his email list. I hadn't heard of Elite Trading before so I'm on here now and will be looking around. I'm by no means a professional trader. I've done fairly well on some trades (bought VW just after Deiselgate began) and fairly poorly on others (just recently bought ETH at $209. I've also bought a bunch of RAD before the reverse split and a ton of HMNY when it was trading at $0.03. Don't know if I'll ever get my money back on those...) But trading is just a hobby to me. Anyway, that's my resume. I can't prove I'm not Scott and wouldn't bother to try.
Cool story, shill. You've never bought anything from the guy but well you're here to voice your opinion nonetheless. Can someone post Scott's pathetic plea for help?
I agree with this part, the Holy Grail system is an incomplete mess with a lot of missing nuances. I did try to automate it (to no success, but I was able to use bits and pieces for my own system). One quick example: I was trying to codify the system rules by looking for a bollinger band touch on the 2 minute, the 5 minute, and the 10 minute as prescribed. If you actually do this, you'd realize the 5 minute bollinger is completely extraneous, the 2+10 minute is enough. Also, I paid full price for the system and have not been informed of new rules like "Minimum Viable R". I get that systems need to be updated and revised to match changing market conditions, but to not send your original purchasers a quick email is simply pathetic. Scott Phillips, fix your shit and make your existing customers happy, or offer everyone who purchased Holy Grail an automatic refund. Otherwise Google will start auto-completing your name with "Scott Phillips trading scam"