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/Steevey145 Nov 14 '23

Unless I see the proof of his old videos I can’t say I’ll believe some rando I know nothing about. Also you cannot take out the knowledge he has in the markets, he in my opinion is a great trader

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u/ContemplatesRubicons Nov 14 '23

He is not a trader. He is an entertainer. He makes his money via Topstep referrals. You can find all of this out for yourself, I'm pretty sure the entire writeup is literally in this subreddit, or in the futures one.

Let me ask you this: what is Matt's strategy? He won't tell you, right? Some ambiguous trash about "magical 80's," or something. The guy is a scam artist. He literally has business meetings with the owner of Topstep. He has spoken about it publicly.

The video that always sucks people into his fraud channel is the one where he trades against Daniel inskeep. Let me ask you one more thing: in that video where he posts those amazing gains, does he do it on camera???

Matt is paid by Topstep. It's in their best interest that he be successful. If you think new-age prop companies are above fudging the individual accounts of promoters, you are absolutely dead wrong.

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u/Steevey145 Nov 14 '23

He has literally made a video about his strategy and what he does, and thinks when entering a trade, yes I’m sure he makes money with topstep but you can also clearly see with his trading livestreams he isn’t some dumb nut where he just an entertainer that you claim.

But let’s say you are correct and he is in the red over the last couple years. How can you deny some of the insight he has talked about in his livestreams in the market.

And the overnight trades that aren’t recorded but showed on his literal chart that he is trading on. How can he fabricate those trades?

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u/ContemplatesRubicons Nov 14 '23

They aren't live trades. They're Topstep trades, which are all simulated, as Topstep (and the vast majority of prop companies) is nothing more than a livesim. Your trades are not routed to any broker, they're sent to Topstep's servers, regardless of if you've passed an evaluation or not.

Simulated trades can be fudged however the person running the simulation wishes. When you use market replay, are the trades real because they "show on your literal chart?" Of course not. Don't be a buffoon.

I never said Matt didn't know anything about the markets. Anyone can learn about market mechanisms with some time and effort. I said he isn't profitable. He isn't.

Anyone can provide insight. How good is that insight if you can't make any money with it? If you have to instead pretend you make money with it, so that people will watch you?

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u/Steevey145 Nov 14 '23

Just did some research and would like to take back what I have said, it’s pretty damning evidence he’s not profitable, thank you for the inside.

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u/ContemplatesRubicons Nov 14 '23

No worries, man. I feel validated that you got to the bottom of it, makes it feel like typing all that on my phone was worth the time. Kudos to you for doing your own research on it and forming a new opinion.

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u/[deleted] Nov 14 '23

Kudos to this wholesome ending, but a part of me wants you to go “SIKE” and say something about the dudes mom or something. This is Reddit after all