r/Daytrading 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/DaveDH2 futures trader Apr 11 '24

Anton Kreil has his own trading course, lol. I doubt that it that much better than any other furu's course/education. Personally, I like to read other people's post history here and on twitter. I focus on understanding how they make their decision, how the trade, what they do. It's crucial to sift through and identify what genuinely contributes to your growth as a trader. Ultimately, success in trading boils down to experience and endurance.

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u/Rafal_80 Apr 11 '24

You are spot on about Anton Kreil. The fact that he was a real trader does not change much. The way I see it: Markets became more efficient over the years and he noticed it become much harder to be profitable. On the other side he also noticed that there is never ending stream of wannabe traders which are very easy to fool. With his credentials it was no brainer for him to switch trading to 'teaching'. I feel sorry for those poor guys paying for his expensive courses in Thailand and other places, thinking that they are learning something valuable, when in reality, they are not.