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 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?
Somewhere the conversation referred to seven figures as legit and 10 while arbitrary is a long period of success
Isn't he a vendor? Great guy, but I'm not sure he actually 'made it'. 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.
"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.
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.
10 years is a mutation of the "10,000 hr" meme from The Role of Deliberate Practice in the Acquisition of Expert Performance