Great & Successful Traders
Which traders do you know who have successfully built up a fortune or their own fund through trading?
I'm not talking about Warren Buffet, Ray Dalio or Kenneth Griffin, but rather about people who became successful with a strong track record through their own analyses and trades.
I'm tired of the YouTube and Instagram experts who want to sell alleged knowledge in their overpriced courses that is supposed to make you a millionaire overnight. I'm talking more about techniques that are proven to be applied at HF´s and have produced these successful individuals.
My goal would be to learn from these people.
https://www.noremacnewelltrading.com
”Cam has successfully demonstrated his trading abilities by turning $1,000 into $5,000,000 in 256 days! Follow along with us on Cam’s journey to $30,000,000.”
Why does "Cam" (who looks like he never saw a women without his computer) sell a "20 hours video series guide" for $1.949,99 when he is so great at trading?
haha good question
Some of these guys are actually legit. This guy obviously screams scammer, but there are a handful of guys that really do make a lot of money trading and still sell courses and discords. Why would they do that? Well for one, trading is inherently risky so it's nice to have risk-free cash flow coming in on the side. Two, once they get good at trading it really only takes them a few hours a day so they have plenty of time to create other income streams and the type of people that get good are driven people. The guys that are really good are probably making $1 - $10 million a year, so it's not like they're worth a few hundred M's and have fuck you money. They can pull in another 1 or 2 7-figure income streams by selling courses, discords, mentorships, etc. So much of trading comes down to psychology, so the amount of risk they'd have to put on the line every time they take a trade in order to double or triple their income from trading could be too much to maintain saneness and could fuck up their trading success, when they could accomplish the same thing by selling courses, etc.
Unfortunately, there are more scammers in the space than legit traders. The allure of easy money is just too easy to sell to unsophisticated people that don't understand markets and hate their middle class jobs. The amount of scammers in the space definitely outweighs the amount of legitimate traders, but the legitimate ones still love to sell courses even though they're great at trading. I always find it interesting that almost anyone here would encourage entrepreneurs to create multiple streams of income and multiply their income, but when it comes to selling courses on things like trading, Amazon FBA, etc. everyone always says it HAS to be a scam b/c it makes no sense that these guys would want to be even richer than they already are, especially when it is so easy for them to do so. If you were a successful trader making $3 million a year trading and could add another $1 - $2 million (in some cases with Discords, even close to 8 figures) just by spending a few weeks typing up a course or typing your trades into a Discord a few times a day, wouldn't you do it? The argument could be that if they can make $1 - $2 million trading, why not just size up and making $10 - $20 million? The answer is that for them to do that, they are likely risking a few hundred thousand dollars every time they make a trade, and that can fuck up a guys head and make them make bad decisions even if he knows he has a great system.
Just a thought:
If I were in their position and had the knowledge to make millions on the stock market, I would have set up my own hedge fund long ago and traded with investor capital.
There must be a way to learn it professionally without losing a lot of money.
Either the money from beginner mistakes on the road to gain your own experience, or from trying to find a good course and getting caught in a scam again.
Some of them do raise investor capital to trade with. A lot of them you probably never hear about. By nature, you're only going to hear about the ones that are selling courses because they are putting themselves out in the public while other guys are just trading silently in their house or starting hedge funds that are so small that you'll never hear about them (think a handful of HNW investors and 2-3 traders).
You can learn it without losing a LOT of money, but I have spent the last couple years trying to figure out this space, and never seen a single person be profitable right off the bat, and lots of intelligent people simply can't overcome the psychological barriers to become good at it (harder than you think until you try it). If you're interested, feel free to DM me and I can point you some of the guys who are actually good and sell the better courses that don't cost an arm and a leg. There's also going to be a difference in approach in the guys teaching you to trade your own retail account versus the type of stuff guys working for big institutional firms are working on, but there will still be a lot of crossover knowledge
The other real question is why do these 'students' who want to learn markets, dish out thousands for scammy courses when there are plenty of free resources out there, written by legit guys like Ben Graham nonetheless, which the typical undergrad recruiting for HF/ AM/ S&T uses
Paul tudor jones, and he continues to get the documentary about him removed from the internet as much as he can
To me it looks like he made most of his money by taking short positions just before stock market crashes.
No need to say, that this could be a rewarding option, but I thought more about a HF Manager, who actively takes trades with Commodities, Stocks, Forex, etc.
These people must have certain techniques by which they earn 2-10% on average per trade. I think here mainly of topics such as certain patterns, analysis, indicators, trading type (swing, interday, etc.).
I know all these topics can be found for free, but there must be a HF who does this successfully, from whom you could learn.
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