Exposing ICT and his concepts once and for all. This took 3 months.

Summary

The video script presents a detailed critique of ICT (Inner Circle Trader), challenging his credibility and trading methodologies. It accuses ICT of manipulating evidence, using flawed backtesting, and failing to deliver consistent trading success. The narrator dissects various claims made by ICT, including the controversial use of Photoshop for financial gains and the inability to provide verifiable, long-term trading results. The script also highlights ICT's alleged use of intimidation and deception to maintain a facade of success, ultimately questioning the legitimacy of his trading strategies and mentorship programs.

Takeaways

• 💬 The speaker vehemently denies accusations of being a fraud, emphasizing that all claims made in the video are backed by evidence.
• 🔥 ICT is criticized for defending a photoshopped withdrawal and later claiming it was a joke, raising questions about his credibility.
• 💸 The speaker claims to have made more money from teaching trading than from trading itself, questioning the validity of ICT's trading methods.
• 📈 ICT's alleged failures in trading competitions and account management are highlighted to challenge his reputation as a successful trader.
• 🤔 The script questions the authenticity of ICT's trading success, pointing out inconsistencies and alleged manipulations in his public statements.
• 📝 ICT's reliance on backtesting and selective data presentation is criticized, suggesting it misrepresents his trading strategy's effectiveness.
• 💯 The narrative suggests ICT manipulates his followers through carefully crafted messaging, positioning himself as an unmatched trading mentor.
• 🙄 Allegations of ICT's mental health issues are discussed, hinting at possible explanations for his grandiose claims about the trading market.
• 🚫 Concerns are raised about the cult-like following ICT has developed, with the script suggesting he discourages critical questioning among his followers.
• 😭 The script ends on a note of skepticism towards ICT's methods, urging viewers to critically evaluate the evidence and claims made.

Q & A

What is the main accusation against ICT in the video?

The main accusation against ICT is that he is a fraud who falsely represents his trading success, uses manipulation and deception including photoshopped evidence of trading success, and relies on flawed teaching methods that do not result in actual trading proficiency.

Why won't ICT take legal action against defamation according to the video?

According to the video, ICT won't take legal action for defamation because the evidence and accusations presented against him are true, making it difficult for him to challenge the claims legally.

What evidence is presented to claim ICT's withdrawal was fake?

The evidence presented is that a multi-million dollar withdrawal claimed by ICT was discovered to be photoshopped because he forgot to add a minus sign to the picture.

How does ICT justify his photoshop action according to the video?

ICT justifies his photoshop action by claiming he left the negative symbol off as a joke, even after initially defending the withdrawal as being real.

What does ICT claim about making money from teaching versus trading?

ICT claims that he has made much more money from teaching and mentorship than from live trading, admitting that his earnings from teaching and mentorship are in the millions.

How is ICT's trading performance in the Robin's Cup described in the video?

ICT's performance in the Robin's Cup is described as failing terribly and being a fraud if he didn't win, which he admitted to doing on purpose after failing.

What criticism is made about ICT's method of proving his trading success?

The criticism made is that ICT relies on after-the-fact tweets and recorded trades, rather than showing live, real-time trading or providing audited third-party statements, to prove his success.

What logical fallacy is ICT accused of committing in his teaching according to the video?

ICT is accused of committing the Texas Sharpshooter logical fallacy, where he cherry-picks data or instances that support his argument while ignoring those that do not.

What is said about ICT's teaching on back testing and market prediction?

The video claims that ICT's teaching on back testing and market prediction is flawed, relying on hindsight trading and selection bias, leading to a worse success rate than random chance.

What psychological condition does ICT admit to having, and how is it related to his claims?

ICT admits to being bipolar and having obsessive-compulsive disorder. The video suggests that his grandiose claims about coding the market algorithm and being under surveillance might be related to delusions of grandeur, a symptom of bipolar disorder.