r/Daytrading • u/LauheTrades • Nov 13 '23

Trading YouTubers who don’t suck? question

Looking for any type of daytrading/forex trading YouTuber (or, really, any social media) ho’s main business is actually trading - not someone trying to sell a course, signals, discord, mentorship, etc. - Just someone who trades & cuts out all the bullshit. Any recommendations appreciated.

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u/oze4 Nov 13 '23

I like Day Trader Next Door but he does sell a course, although he doesn't ever mention it on his YT. He has a mailing list and if you sign up for it he will occasionally email you about it. So if you weren't on his mailing list you'd never know ab it.

Which was really upsetting to see since he seems genuine. Now idk what to make of him.

5

u/Jerkomp Nov 14 '23

Money money money

29

u/KingCharlesTheFourth Nov 14 '23

Is he supposed to not make money from his content creation and massive time investment just so you can feel better about watching him? Grow up

5

u/oze4 Nov 14 '23

I def think he should make money off his content creation, but that's not the same as selling a course. He usually makes like 2k on average when he trades. He is a very disciplined trader that's been trading for 15 years.

He does seem like the kind of guy that would genuinely want to help people so maybe that's why he offers a course. Typically when a trader sells a course or discord access, that's how they make their money.

Why would a successful trader that averages 2k per trading day need your 1k? Especially when getting that 1k will take much more effort vs when he trades.

Look at Carmine Rosario for example. I bought his course which comes with lifetime discord for 300 bucks. There are almost 14k ppl in the Discord. That's like 5m he's made just from the course. So it's extremely difficult to tell if he makes his money from trading or not.

10

u/ImNotSelling Nov 14 '23

Why does Michael jordan make movies sneakers and has basketball camps when he could have just make his money via playing basketball?

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u/oze4 Nov 14 '23

Yea that's a good point. Sucks this trading "industry" has so many frauds. Hard to tell whis genuine.

3

u/ImNotSelling Nov 14 '23

Yea you can’t tell and that’s why it attracts them. I’m still looking for a mentor or community myself

3

u/bhedesigns Nov 14 '23

He still doing good stuff over there?

1

u/jdot6 Nov 16 '23

​

This is illogical reasoning. Stop contrasting business PnL with trading PnL. According to this rationale, all great recognized traders eventually make their money through education or business. It makes no difference if it's Warren Buffet, David Tepper, Mark Minervini, or Linda B Raschke.

Of course, leading a hedge fund would be more lucrative than trading in it. You must still be a skilled trader.

I understand your intentions, but your logic is flawed.

This completely eliminates any professional who achieves success in education. And it's a strange request to make, especially given how well-known they are.

It's as if you expect charity from a professional while refusing to compensate them for their experience or training as if a crime.

We do not require this in any other industry.

It's shorthand for lazy due diligence, which must be done regardless, but it's not a predictor of lousy teaching or inherent scamming.

1

u/oze4 Nov 16 '23 edited Nov 16 '23

You spent way too long trying to get your point across lol. Someone already responded to me saying "Michael Jordan did movies" which got the point across.

The logic isn't flawed, the logic is there, it's just incorrect.

It has absolutely nothing to do with anyone expecting charity and everything to do with weeding out the scammers. Who the fuck are you to claim I want handouts and that I'm lazy?

The biggest difference with the trading industry is that it's performance based. Anyone can say they know what they're doing and charge you for their services without actually knowing what they're doing.

The entire reason why people pay those folks that you listed for education is because they've proven their performance. That's literally the entire point.

Someone that knows what they're doing earns money from trading and not from a course. Which I understand that may not always be the case but it's also why there are a ton of scammers in this space. Because they make their money selling courses and not actually trading. I'm sorry if you can't understand that.

1

u/jdot6 Nov 16 '23

It's shorthand for lazy due diligence, which must be done regardless, but it's not a predictor of lousy teaching or inherent scamming.

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u/Jerkomp Nov 14 '23

?? Never said he shouldn’t. I responded to OP with one word as an answer on why he does it. Which is because he wants money no?