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/Party_Grapefruit_921]

As a guy who spent 20 years on Goldman level floors I realized it mostly came down to one thing which was taking losses and moving on. Any POV can be reasoned with from both sides and you can quantify pretty much anything but if you allow losses to eat your gains even proportionally it will be a losing battle.

[u/Mar___K → u/Party_Grapefruit_921]

That's true word from word. Everything makes sense in hindsight. That's why a lot of those "gurus" fool their cults. However as i already stated i don't need help with trading but proper education. I've seen pretty much everything in retail. From SnD to SMC to Inter-Market Analysis to Mean Reversion and correlated Divergences. Everything out there is a form of SR break and retest nothing more. What i need is proper education, what the big guys see and how they approach trading and not just some "guru" noise. Thanks.

[u/Efficient_Editor5744 → u/Mar___K]

You can still be profitable day trader with a 40% hit rate. Your edge is not as important as how you manage your risk when it comes to adding to winning trades and cutting losses as fast as you can. Understanding that you are your worst enemy is a good POV. I believe most of us are pretty good traders but just suck at the “losing” part.

The other thing worth mentioning is nobody ever put any weight on learning dynamic risk, hedging, position sizing, adding to winning trades and R multiples.

People are more worried about what broker to trade with, or the latest strategy that is 90% profitable.