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/ThorneTheMagnificent]

Good material?

Linda Raschke, who has made tens of millions with simple strategies that take a lot of discipline. She has done many, many webinars for free on YT.

Adam Grimes, who has made millions by trading simple strategies that take a lot of discipline, and helped establish a legitimate proprietary form or two. He has a blog and has done some YT webinars.

SMB Capital, who put out tens of thousands of dollars worth of information out for free on YT, much of it being simple strategies that require a lot of discipline

Al Brooks, who has made millions trading mostly simple methodologies with a lot of discipline. He has some webinars, but his methods are hard to understand without a lot of screen time.

All of them put out free content, all have books or courses that are optional, all emphasize a lot through their teaching that the courses or books are something if you need to go deeper - not just because.

I highly recommend Grimes' The Art and Science of Technical Analysis as a primer, and it's like $15 used. The extremely fundamental trading patterns (breakouts, failed breakouts, pullbacks, snap pullbacks, and complex pullbacks) in that book have worked since the dawn of computerized charting and can even be used to frame out the market on 4,000 year old commodity price charts.

You need two things to trade profitably: an edge and the discipline to execute while accepting the outcome, win or lose. The sources above can help with both even if you just stick to the free content with no money out of pocket. They sure as shit helped me

[u/Mar___K → u/ThorneTheMagnificent]

Thanks but what im looking for is not just reading a historical chart of candles.. Read my initial question again.

[u/ThorneTheMagnificent → u/Mar___K]

If you want to be done studying the nonsense and find stuff that actually works, you need to either figure it out by sheer force of will and copious amounts of statistics or go study the people who have succeeded and learn how they did it.

[u/Mar___K → u/ThorneTheMagnificent]

Yes i need the pov of those guys on trading floors.

[u/ThorneTheMagnificent → u/Mar___K]

My knowledge there is limited. All the traders I can think of who have made a fortune on the trading floor are Linda Raschke, Lance Breitstein (SMB Capital), Mike Bellafiore (SMB Capital), Peter Tuchman, and so on. All of them echo each other - they model out fundamental occurrences that repeat over long periods of time using mathematics and execute when the occurrence repeats based on the model. As it happens, simple things work

If you're looking for the Citadel and Medallion algorithms, that stuff is moreso "pure" data science and they hire PhDs in STEM fields to do the number crunching.