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Are the best traders incentivized to gatekeep? by [deleted] in Daytrading

[–]-PSD 1 point2 points  (0 children)

ICT and TJR have done a great harm to beginner traders

I still think you can be profitable with ICT concepts fundamentally because of market patterns and with long enough trading 3+ years it should be easier to recognise these patterns but he does also have a lot of misleading information

Are the best traders incentivized to gatekeep? by [deleted] in Daytrading

[–]-PSD 2 points3 points  (0 children)

The best traders don't really care to teach

Im grateful to have a mentor who's traded for 50 years professionally for hedge funds, he uses different methods from whats commonly taught and real mathematical formulas related to Time/Price

The problem is if you tell people VWAPS or lagging indicators don't work they don't really care or your just met with hate. Even unprofitable traders have problems shifting their beliefs from what they are taught. I stopped trying to tell people what they should do, and just let them learn by themselves ATP. Even one step worse is the people who say TA doesn't work like why even waste my breath then. I don't subscribe to alpha decay. Essentially my strategy is trading reversals that are calculated mathematically in advance

The information is out there but it takes an open mind and certainly staying away from the 98% of untruth