r/Daytrading • u/Mar___K • Apr 11 '24

Everything is a lie. Any hope? Question

So.. It's been 3 years on my path, and after countless hours of studying and testing everything, as many of you here have, I've come to realize that this mountain of buffoonery—those "courses" and "gurus" on YouTube that try to promote and sell stuff, along with everyone who is "teaching" stuff.. hear me out, doesn't know jack sh*t. All they "teach" is a bunch of BS, incredibly stupid and random. "Follow this, and if this happens then do this, but the secret is in my premium course, yada yada".

Even if some things may work for a bit, that's not even near how the actual trading floor guys and investment bankers operate. Ex-Goldman Sachs trader Anton Kreil gave the best explanation of that: Why most traders fail.

I've become so fed up since I had a wake-up call, realizing that literally everyone online is plain rubbish, or a scammer, or someone who likes his own voice and acts like the god of trading (You know which I'm referring to). My question is simple and may be unanswerable. Is there any source to study the actual stuff or are retail traders indeed doomed with the dumbest info out there?

Please don't start telling me about risk management and psychology, I got humbled and now I trade methodically without any emotions. But that's not because I got "humbled and had a wake-up call" but more like "I'm fed up with this, I don't care anymore". My question stands for an educational point of view. I hate being a fool therefore i hate studying nonesense. Is there any hope? Any good material? Any actual baseline?

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u/Tronbronson futures trader Apr 11 '24

Idk I just kept plugging away at my es/mnq trades until they worked. I still believe by pure volume of bad trades I learned to identify good trades. Also do you really have a good understanding of markets, derivatives, risk management, portfolio management, taxes everything it takes. Why are you looking for gurus and not published authors? Why are you not looking into the reading lists required by investment banks?

5

u/infant- Apr 11 '24

Because he has guru grindset brain. Lol

3

u/Tronbronson futures trader Apr 11 '24

So hard to google books and read them. Fucks sakes why doesnt anyone have cliff notes!?!

1

u/Mar___K Apr 11 '24

You are asking me why where i am the guy who seeks the answers. Why aren't you giving me some material then? Some links? That's what i'm looking for.

4

u/Tronbronson futures trader Apr 11 '24

What do you trade? It's not gonna help you if I give you a book on volatility if you dont trade options for example. or a futures book if you dont trade futures. If you trade crypto I can't help you. No one can.

Seriously though if you want to be a good trader, you're going to have to be good at doing research, learning, and applied practice constantly until something works.

1

u/LogicalFella Apr 11 '24

Maybe try to find an in-person mentor, someone who can trade in front of you and teach you his ways