Read this before you go live

1 · Nothing here has been backtested

Not one setup, not one rule, not the LJR-1 model in STRATEGY_DELIVERABLE.md. That document describes itself as a design, explicitly pre-validation, and this course reproduces its logic without adding evidence it does not have.

Understanding a method is necessary and not sufficient. The method itself may not have an edge in current market conditions, and no amount of study substitutes for testing it. The demo period exists to produce that evidence for you, on your own execution, in current conditions.

2 · This course cannot make you profitable

It can make you competent and consistent, which is the prerequisite and not the outcome. It gives you a coherent frame, precise definitions with citations, 147 graded exercises, and a routine. What it cannot give you is an edge that is guaranteed to exist, and it cannot make the market cooperate.

The honest claim is narrow and worth making: you will finally understand the material you already own, and you will trade it with controlled risk instead of guesswork. Whether that becomes profit is decided by testing and by the market.

3 · A low win rate is the design, not a malfunction

This methodology targets a large reward-to-risk ratio and accepts a low hit rate to get it. You must be prepared to lose six or seven trades out of ten and continue executing identically. Your own material says “5 losing trades in a row is inevitable.”

If that is intolerable — and for many people it genuinely is — then this is the wrong methodology for you, and it is far cheaper to know that now than after four months of demo. There is no version of this method that wins often.

4 · The full model is not mechanical, and the mechanical subset drops things

ICT's complete approach includes COT data, interest-rate triads, seasonal tendencies and market sentiment. The automatable subset in STRATEGY_DELIVERABLE.md drops all four. That document's §3.9 states what that costs; this course reproduces the omission rather than hiding it, and M14 walks it explicitly.

Related, and stated in M0: “displacement” as used in that document — a move of at least 1.5× ATR — is an invention of that document. It is not a term from your library. You did not miss it.

5 · Small accounts produce small absolute returns, and that is correct

At 0.25% risk on a $2,000 account, a good trade makes $10–20. That is the arithmetic working, not failing. The first six months prove the process; they do not earn a living.

If those sums feel too small to take the rules seriously, the correct adjustment is a smaller account, never a bigger risk percentage. A rule you follow at $10 a trade is a rule; a rule you follow only when the number is exciting is a mood.

6 · Drawdown is certain

It is planned for in M13 — the halving rule, the daily −1% / weekly −3% / monthly −6% limits — and none of that prevents it. A losing streak is not evidence the concepts failed, and it is not evidence they work either. It is the expected behaviour of a low-win-rate method over a small sample.

7 · What is in this course, and what is not

Stated plainly so you can hold the site to it:

• No fabricated statistics. No win rates, no expected returns, no “this setup is 78% accurate”, no simulated equity curves, no backtest results. None exist, and none have been invented here.
• ICT's own arithmetic appears only as his. Month 2's worked examples are labelled as his illustrative arithmetic about why R matters everywhere they appear — not as a projection of what you or anyone will earn.
• No invented chart examples in graded drills. Every reveal drill's answer key is ICT's own annotation of that exact slide, the page after the one you are shown.
• Every quote is verbatim and cited. scripts/verify_quotes.py checks each one character-for-character against its source document's own text layer and fails the build if any drifts. Two quotes come from slides whose text is an image rather than a text layer; those are transcribed from the rendered page and are labelled as such on the page itself.
• No signals, no alerts, no bot, no broker connection. Nothing in this site touches your account or sees live prices.

8 · What was missing from your library, and what that costs

• Month 3 of the mentorship is absent from the archive. M5 re-derives the order-block foundation from Month 4's own repetition of it. Nothing in the course invents Month 3's contents.
• Of 471 documents, only 98 have a usable text layer. The rest are images of slides, which is why the course is built around rendered figures with page citations.
• Five of the twelve mentorship months are about markets you do not trade and are not covered. That is a deliberate omission, named in M0.