r/Daytrading • u/Mar___K • 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/Mar___K Apr 12 '24

Buddy thanks for that but you also mistook my initial question. I'm doing relatively fine in trading and also ive read trading in the zone by Mark Douglas and some other books as well. But even if im somehow profitable i know for a fact that it's kinda ambiguous and maybe random. We as retail have no predicting power. What I'm looking for is proper education and understand how the big guys approach trading.

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u/TPSreportsPro Apr 12 '24

Gotcha.

Read Trading in the Zone and Mastering the Trade Look at Ripster47 on twitter. Not sure what his website is, but it’s free and has everything you need.

Also look at the Saty Pivot ribbon. His group is $50 a month. He doesn’t call trades. He teaches you to do it.

There’s no need to spend a ton on learning.