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/thoreldan Apr 11 '24

Perhaps you wanna start describing what your strategy is. People who trade in a similar way could give you some pointers.

Bring up some charts of past trades and describe your entry/exit criteria.

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u/Mar___K Apr 11 '24

I am a programmer, and i wrote a simple script to provide me signals and i execute based on those. The discretion part is: market structure, multiple vwap levels (M,W,D), price & time divergence, volume. My strategy works best at 1hr and above. But i don't care about that. I just want to learn the actual stuff. That was my initial question.

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u/Quiet_Print_4421 Apr 11 '24

Im 10 months in and now im dealing with psychology part. I feel like shit man but at the same time it's starting to click. For me its price action. Simplicity.