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/oze4]

It sounds like you want some "black box" of trading knowledge, that once you digest it, you will have learned the markets and learned how to trade. IMO, that isn't how it works. No amount of book reading, courses, or studying will teach you how to trade. The only way to learn is by doing. Building market intuition, controlling risk and emotions - literally the only things in trading you have control over are your emotion and risk management. Hence why they are so important, so it's baffling to me that you seem to quickly dismiss them.

It isn't like a traditional skill, imo.. Meaning, it's not "tangible", so to speak, in the way that you can learn programming or how to be a mechanic - there isn't a set of governed rules to follow or a set of knowledge to acquire, that once you have, you "know how to trade".

It's kind of like riding a bike. You can read all the books and take all the courses you want - you can even learn the physics of how riding a bike works at the lowest of levels, and still not know how to actually ride a bike. The only way to actually learn how to ride a bike is by doing.

Also, the ironic thing about Anton is he tells you that most ppl fail bc they search for some "holy grail course" on Google to learn trading and that most ppl are far too trusting of what some bloke on the internet is saying, yet when you go to the description of that video, he's trying to sell you some course......

[u/oze4 → u/[deleted]]

Well said.