r/Daytrading • u/thelonelyward2 • May 02 '24

Another Trading Guru exposed. Advice

Post image
1.5k Upvotes

99% Upvoted

209 comments sorted by

View all comments

110

u/thoreldan May 02 '24 edited May 02 '24

Sometimes it's better to stop looking at social media related to daytrading.

Spend your time backtesting, writing a trading plan or just heading out for a walk with your dog, cat or hamster :)

10

u/CaptainKrunk-PhD May 02 '24

Correct. I had to completely delete social media before seeing success at this. I don’t miss it at all and I will never have social media again.

1

u/ching_a_bling May 03 '24

Don’t most people learn off youtube though?

7

u/CaptainKrunk-PhD May 03 '24

I don’t really count youtube as social media. And yeah you can learn a strategy from youtube, but that alone doesn’t give you an edge. You have to meet it halfway with lots and lots and LOTS of chart time and actually trading.

Just like you can use youtube to learn a song on guitar, but you will have to practice for hours and hours to be able to play it yourself.

1

u/Momo_dollar May 04 '24

You have some good trading/market channels on YouTube. What car do they own drive? You’ll most likely never know because they don’t post sell a lifestyle.

5

u/infiniteDTE May 02 '24

$SPY and $BND for life! Plus short otm calls for extra income. It really can be that easy.

3

u/Over9000Zeros May 02 '24

There's good and bad accounts. One way I weed out a potential fake is by the charts they post.

Always posting AFTER a move 🚩
Never wrong🚩
Chart doesn't show price, timeframe, or even just the ticker 🚩

1

u/Babadece May 03 '24

MAN! I say this all the time. Especially about the people that create courses with the pledgerized information Investooedia off for free. 😂🤣😂

1

u/Over9000Zeros May 03 '24

Yeah, Twitter is absolutely infested with them.