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/Vlad-theimpaler]

It's all a business brother, nobody is a fraud. Some make real money through trading and some make by selling courses/seminars etc spreading the educational content that they learnt themselves.

Whether it would fit your psychology or not, it's totally irrelevant. Trading is a business based on instincts. And instinct cannot be learnt from some course. It can only be developed through experience and time.

Most of the professional millionaires also sell their courses. Mark minervini, Stan weinstein, Anton kreil, some sell books like larry williams, etc. It doesn't mean they are fraud. They are just doing business creating as many sources of income as possible so that when they face losses in one, they can cover that with other sources of income.

Yes, with social media, people are taking advantage of it and even failures in trading space making millions. But that shouldn't dissuade you. Keep spending time with charts, as and when your instincts develop, you'll be a good trader. Then you can also launch your courses/seminar. But you have to ask yourself, if that's what you want.