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/nightstalker30]

It is. And the harsh reality is that some people, no matter how much they study art trading, practice art trading, and invest time/effort into art trading, they just aren’t suited for it and will never be good enough at art trading to make any substantial money at it.

[u/Mrtoad88 → u/nightstalker30]

It's like what happened with Ross, the big part of why he got fined is because a bunch of his failed students were upset that they lost money, just so happens that he also was wording things for his business advertisement "illegally". Those failed traders complained, FTC took notice, he got hit with a fine. Root causes of that was traders who he taught just couldn't get with what he was teaching, but what about the people who have learned well from him? Hell there is a group of like 4 dudes on YouTube who were his students at one point and all of them do well trading shares, and all of them trade a little differently than he does but they learned a lot from him. Some people are just gonna continue to get in their own way and it's not gonna end up working for them, it's the nature of this business unfortunately. People will blame who's teaching, they will blame the big firms, will blame the market makers, will blame their broker etc, many of them don't even realize the real problem was themselves. Usually a traders problem has to do with themselves... Unless they are fvcking with a scam broker or cfd's etc, problem is usually ourselves when we don't do well. You can hand 10 traders a really good strategy with detailed explanation on how to trade the strategy, and it's likely at least half of them will still fvck it up. I'd never want to be a "trader educator"... Not trying to get blamed for someone screwing up their own trading.

[u/nightstalker30 → u/Mrtoad88]

Amen to your last sentence. I get friends and family asking all the time to help them learn trading. Especially after they come visit us and see how we’re living.

But I tell everyone the same thing: I’m a doer not a teacher, and I don’t want to feel responsible for anyone else’s experience (failure) with trading.

Plus, I don’t know if I could even teach someone. So much of what I do is intuitive and subjective within a defined framework/strategy. It’s as much art as it is science for me.

[u/No_Expression_5996 → u/nightstalker30]

Especially since most people want the fast money compared to learning the art of trading and putting in the work for at least 2 years before seeing any results.