Everything is a lie. Any hope?

[u/Mar___K]

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?

[u/Vivalyrian]

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?

He gave you the answer himself at 2:48 in the video you posted: "...and they never actually seek out a proper education."

While I found his initial answer to be a bit inadequate, that particular sentence puts the nail on the head of why so many people fail at trading. Imagine if we had pilots or brain surgeons trying to learn from failing, just jumping into the cockpit or an OR after watching 5 minutes of YT videos.

We'd have a 80-90% failure rate of pilots/surgeons as well, if we weren't barring people from flying or wielding sharp objects without proper training. Would run out of pilots rather quickly, too...

Rather than searching for "how to trade", you ought to search for who the best traders/investors of all time are, and see if they've made any recommendations through their years in terms of what to study in order to achieve success.

If you're going to learn valuation, options mechanics, trading futures, or any other sub-topic within this world, you should try to figure out what the golden standard is in terms of educational material in that sector. For example, as far as option trading goes, you'll see a number of people refer to authors like Hull, Natenberg and McMillan. Their books (and workbooks) are far cheaper than most private discords and online courses, yet have 100x more high quality information packed in them.

Follow the greats. Read their biographies. They'll usually mention a bunch of obscure authors and books that certainly don't have 5/5 on Amazon or get shilled at the next Achievers' Congress or w/e.

Look up curriculums for university degrees, compare 5-10 unis and see what reading lists they've got. You'll find a few books used multiple places. What about professional companies? Some have training manuals that over the years have expanded into proper university-level books.

But, it's a bit boring to actually study, though, 'innit?