How a Fake Guru Ruined His Life in 2 days by Livestreaming (ICT "Inner Circle Trader" Exposed)

Summary

This video critically exposes ICT (Michael J. Huddleston), a self-proclaimed trading expert, revealing contradictions in his claims of a 96% win rate. The speaker highlights ICT's public losses during a live stream, where he lost five trades in a row, while claiming success through manipulated trading setups. ICT's mentorship business, rather than his trading skills, is presented as his primary income source. The video challenges the authenticity of ICT's methods, exposing flaws and hypocrisy, and positioning the speaker as a more grounded and honest alternative in the trading community.

Takeaways

• 😀 ICT claims a 96% strike rate, but his recent live trading experience challenges this, showing a significant number of losses.
• 😀 ICT's trading livestreams reveal multiple consecutive losses, including a $740 loss and a $450 stop loss, which contradict his claims of precision and profitability.
• 😀 Despite his losing trades, ICT attempts to justify his performance by claiming that market manipulation and stop loss hunting are to blame for his poor results.
• 😀 ICT's trades on a simulated account are criticized for being misleading, as he began the stream with a large profit cushion from a pre-stream trade.
• 😀 He often blames external factors, such as stop loss hunting, for his losses, instead of taking responsibility for his own trading decisions.
• 😀 ICT has made significant profits from teaching and mentorship, but questions arise about his actual trading performance and reliability as a mentor.
• 😀 ICT's repeated losses and his defense of poor trading decisions raise doubts about his credibility and the effectiveness of his trading strategies.
• 😀 The concept of 'stop loss hunting,' which ICT frequently mentions, is viewed skeptically, as it is not consistently supported by the evidence of his own trades.
• 😀 ICT's contradictory statements, such as claiming market manipulation while also stating that stop losses are placed incorrectly, contribute to the confusion around his methods.
• 😀 The video underscores ICT's failure to consistently perform well in live trading over a 30-year career, with his self-proclaimed algorithm showing inconsistent results.

Q & A

What is ICT's claimed strike rate, and how does it compare to his actual performance in the video?

ICT claims a 96% strike rate in his personal trading, but his actual performance in the video demonstrates a much lower success rate, with five consecutive losses and only one small winning trade, highlighting a stark contrast between his claims and reality.

How does ICT explain the losses he experienced during his live stream trading session?

ICT blames his losses on the concept of 'stop loss hunting,' claiming that the market is rigged to take out his stop losses. He suggests that his public stop loss positions attract the attention of others, leading to market manipulation that causes him to lose trades.

What is the significance of ICT's decision to triple his trade size after a series of losses?

ICT’s decision to increase his trade size from one to three contracts after losing several trades highlights his attempt to recover losses, which resulted in even larger losses. This decision shows poor risk management and a lack of consistency in his approach to trading.

How does ICT's claim about the algorithm that controls price action contradict his actual performance?

ICT consistently claims to have created an algorithm that controls price action, but his repeated losses and poor performance during the live streams directly contradict this claim. The performance doesn't align with his assertion of a nearly flawless system.

What does ICT mean when he talks about 'engineering liquidity' and its connection to stop losses?

ICT refers to 'engineering liquidity' as the process by which placing public stop losses creates liquidity that others can exploit. He suggests that his own stop losses are targeted by the market, creating a setup where prices move to trigger them.

Why does ICT claim that others are following his stop loss positions?

ICT claims that when he publicly discloses his stop loss, traders following his trades create a liquidity pool at those levels, which he believes manipulates the market in a way that increases the likelihood of his stop losses being triggered.

What is the key issue with ICT's claim about stop loss hunting being responsible for his losses?

The key issue is that ICT uses stop loss hunting as an excuse for his losses, yet his own trading strategy and decisions, such as placing stop losses in visible positions, contribute to the losses. This contradicts his frequent claims of market manipulation.

How does ICT's loss of five trades in a row with a 96% win rate challenge the credibility of his system?

Losing five trades in a row with a claimed 96% win rate is statistically improbable. This challenges the credibility of ICT's system, especially when he portrays himself as having perfected a methodology that guarantees high success rates.

What did ICT's social media response to the live stream losses reveal about his mindset?

In his social media response, ICT refuses to take responsibility for his losses. Instead, he blames the losses on external factors like stop loss hunting and market manipulation, which suggests a lack of accountability and a tendency to deflect blame.

What is the overall message about ICT's trading and mentorship approach based on the video?

The overall message in the video criticizes ICT's trading methodology and mentorship, arguing that his claims of success and precision are exaggerated. It highlights his repeated failures, contradictions, and the exploitative nature of his paid mentorship program.