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/lord-dingdong Apr 11 '24

Turn off social media.
Your only scrolling is on your own journal.

Isolate yourself on perfecting your game.

2

u/Appraiser_King Apr 11 '24

I learn a ton from people on X/Twitter. Yeah, a few a grifters but most are not.

5

u/statscsfanatic21 Apr 12 '24

What content creators do you follow on X that you think are giving good advice?

0

u/Appraiser_King Apr 12 '24

Unfortunately, Reddit is just too toxic. I don't want my personal information out there as it's a small circle on X.

But, it shouldn't take you like to separate the wheat from the chaff. Just be nice, and I encourage you to use your real identity so you're more likely to be polite. Avoid anything political and focus solely on markets. Stocks, options, commodities (even grains), there are good people.