Why would people want to give money to those who do not / cannot trade at all, is beyond me.
There are people like Peter Brandt that know that they cannot make money with trading (but suggests supplementary income sources that are “trading related”) and do not try to wear the wolf’s coat.
I guess, Trading Decoded means just this: you don’t have to trade to be called a trader.
All you have to do is charge a monthly $100 fee and send out some tweets, then point to some candles that “here I went short” via puts, here I covered them, make things sound plausible and never lose any money. You know, 40 people that’s 4k a month.
YouTube makes things worse by a whole lot. By blending truth and pretence, they lend credibility to absolute phoney stuff.
TPT is a legitimate success, selling vanity items.
But then there are the surroundings, like this guy whom may come accross as legit the first time around thanks to the video below.
Yet, once you look at him closely reciting textbook stuff like risk 1%, one trade a day etc. that would never leave to riches, and then showing off his TPT wrapping and watches rubbing into the smell of the dead like a dog way too much for comfort, you know that he does not make any money trading. Stage shows, high life, none of it is a real trader’s M.O.
There is of course Cameron Zeus, who repeatedly blows up his account, but makes up a lot of it by selling courses and YouTube revenue with the low operational cost living on Bali, and of course gets a cut from the Forex broker as welll (rebates) but he talks a lot of shit to cover up all in a thick fog.
Once a bartender, always a bartender – comes to mind every time I come across this crook. I have a bartender license too, but never worked as one. An interesting type of document forgery is when you forge losses to explain how you lost that was imaginary profits to begin with to even out the clash with your current reality.
The most lethal stuff is of course the Tai Lopez / Greg Secker kind where you cannot cancel a subscription that you did not read the footnote to.
This guy comes on YouTube with the unlimited funds that he gets from retailing SmartCharts – the worst thing you can have for trading is a one size fits all solution. Not sure how much he gets to keep aout of that 4k, but there is a montly £150 or so I believe also.
Every time he is selling you a dream, an image, a flavor that supposed to equate in your head to the “trader”.
I am keep on imagining one day making parodies of him saying stuff like “I used to work 9 to five, but what made me a millionaire was working everyday a few minutes at fiver to 9”.
My version would say “but what made me a trillionaire was working 5 seconds to Mars”.
Also, when he claims that you are “joining him” on his everyday routine of swimming 17 laps at a random hostel with a pool, talking quietly, carefully watching that noone pops into the scope of the camera – well I would like to repeat that one day from my own back pool.
Samuel Leech. Sigh. Not even worth my breath.
Umar Ashraf. I told you a million times about people flasing you 1-minute charts. Fake it till you fake it some more. Don’t forget to up the ante.
Journaling, that’s what does it. Retards. These schmucks could not make a winning trade to save their lives.
I am not going to take on Ira Epstein today, although he is yet another guy that does not trade with his own money. Can you guess why? He misses the first thing about trading by thinking it is analogue.
Fundamentals are a circus of ants. People can build castles made out of delirium.
Everything that matters can be extracted from the charts.
Trading is the ability to measure, to compare and to exploit. I made 3 of my best indidcators in 2023, after having made indicators for 13 years. Also, for the first time I can work with time and have a good understanting of corrections; I can plan for a day or so out. It is not true that there is nothing to be found.
I am not going to take on Unfunded trading either, but FTMO according to some video (unverified info) paid 10+ million in taxes last year – which would mean they pocketed 3x that. Not a bad sum for a 3-men operation (one is just signed for stuff and goes to jail if push comes to shove) and since there is no money ever being forwarded to a 3rd party broker, never any funding occurs, so stop calling it funded trading.
Here Unculured Currency takes a swing at these prop firms with his example of clearing the entry month, after which he is put on another 3-month trial, where he initially makes money on paper (with the sim account), then loses it all with failing the second trial >