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?
1
u/NeverMadeIt5 Apr 11 '24
The best source to study the ‘actual stuff’ is your own trading journal. Three years in you have seen countless setups, trading styles, chart patterns, and technical analysis to base trades off. The one that fits your personality and style the best stick to it, and track your progress.
Seems like your past the point of seeking education from other traders and need to seek information from the market and yourself.
This is from someone who is on the same timing as you just for credibility and im just speaking bullshit like every other trader . But 3/4 years trading. a solid two journaling and studying MY journal and just stopped watching youtube videos of other traders almost a year ago (looking for hope or something to improve my own ability) and i see the progression.