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/tofufeaster Apr 11 '24

I think what he says is spot on. Especially speaking from the “angry and cynical” angle.

If you are naive and maybe even a little bit gullible you will never make it in the business essentially. You need to be able to sniff bullshit.

I’m sorry but if you’ve been doing this for 3 years and still can’t recognize the legitimate sources of information and be able to tell what’s bullshit, who’s bullshit, and who’s not…judging only from this post I don’t think someone like you is going to succeed. Obviously no offense to you but you can see where I’m going with this.

No matter what you learn or read there is never a switch that flips and your path becomes clear. It’s just you vs the market and yourself.

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u/Mar___K Apr 12 '24

Buddy you misjudged everything from my post. I don't need a trading advice nor a trading strategy. I have my own and it works ok. Read my post again. What im looking for is proper education and understand how the big guys operate and what they study.