Topic: The Illusion of Trading Success - page 2. (Read 1246 times)

I read that these days people are selecting their political leaders in some democratic countries by getting influenced by social media posts. I mean in trading kind of high sensitive and money involved environment, you can easily deceive people by showing edited proof. So, I agree with you that we cannot blame people for getting influenced by another trader. 

What are the effects?
What is the dark side of crypto? Stating a fact without backings is arguably wrong Mate.
Selling of course is same thing like selling book with different authors and variety of ideas. I always emphasise on the need of us know, cautious and also aware of those "gurus"who pose as one but not really, but generalisation is wrong. There are potential buyers who want to learn so they will buy, and is also a source of income they exchange money for value. We all sell ideas, if not why are you writing on the forum? You should be charged for selling ideas.

Hahah nice one bro it was a pleasure in reading your defended statement. It's whether that you don't know the truth behind this dark side of crypto or either you are attached by yourself into this whole drama.

No one I repeat no one should be allowed to sell courses and earn from it because it has a lot of side effects than the positive ones.

Whether scripted or not, they are exaggerated for sure because any person who shares a success story over the internet would barely let their audience know about their failures which is a flaw in itself. Successful people don't need to hide their failures because they have overcome the failures which is how they got successful. Your success is fake if you are afraid to share your failures, it means you are faking the success and making a fool out of the people you are sharing it with.

As you said, successful people barely need to announce it to the public, they don't need to do that because they know they aren't going to get any benefit out of that. Showing off is never what successful people like to do but it's those who are fake who would show off while using fake stories and stuff.

From what I said earlier I have not led to a statement about who should be blamed because previously I only said about the scenarios carried out by content creators who do promotions or advertisements, but if the question is who should be blamed then of course both parties must be blamed, I mean the content creators are clearly the first to be blamed for showing something that doesn't match the reality and the second is as you said that the audience is also clearly to blame because they don't see things from various sides first and don't do a thorough consideration first using common sense and a rational point of view, But on the other hand we can't rule out the fact that that's what happens where there are always some people who are really very easy to be tempted by something that basically doesn't make sense and looks odd, another thing I would say is that the content creator or someone who promotes is the one who "triggers" the problem and the audience who sees is the one who is affected (even though they are also wrong), so what should be eliminated here, the impact or the trigger?

It would really be just that such a waste of money if you do find yourself that believing into these things on where you are really that believing that it does work and give out assurance that it would be precise.
Considering that tools and other learning things could really be searched online and thats something for free and this isnt really that needing up any strings for you to do but only having the effort on how you would really be searching up into those things and would really be able to learn it up. Somewhat there are really just that people who doesnt really like on getting hassled and this is why they would really be going up on getting those kind of subscription because they do want or like on easy path but of course learning would really be still fall down into your own hands on how you would be that be fastly
be able to get grasps on everything that you've been told into.

Before the month of March, I was engaging myself some scalping of sol/usdt and ftm/usdt due to the liquidity and trend going on with the coins and then I remember I had some telegram group I joined in the last bullrun to compare some chart with my technical analysis and I was surprised how some of these groups where abandoned, seems the real owner change mind from trading and scammers where just posting nonsense and Vip groups. I knew I was done and I left the groups.

There were some of them that would share gains from special groups, they call it paid group but what they do is that they don't share the real PNL screenshot from their trade, they just would just forward some shitty write up as profits to convince others in the general group and I'm very sure that there will be some scumbag and greedy people that would actually fall for them.

Instagram is the worst of them, you see fleet of cars and many decorated house, only an ignorant person from a family that is not well fed will believe such images, too good to be true.

Yeah, but shouldn't we also blame those who are getting easily influenced by what they are listening to or watching? Isn't it the responsibility of an individual to do their research before they get involved in anything, especially if it involves finances? I think it is, and someone should do their research regardless of what they read, watch, or listen from anyone in the world.

It's understandable, but again, one shouldn't believe in anything they think is too good to be true. So, if someone is promoting a certain thing by only showing its positive sides, you should do your research to find out the negative aspects because nothing is perfect in this world.

The courses you can attend offline are many times more expensive than what you can find online, and very often you will find the same people you can find on social media, so good luck trying to learn anything from them.

If people really want to learn how to trade then they need to learn the basics on their own, and once they have mastered those principles they can buy a few books that were actually written by expert traders and learn from them, but this is difficult, time-consuming and boring, which makes it incredibly unpopular among most aspiring traders.

Is it true that the hope of success in trading is just an illusion for some people? I think, yes. Moreover, if we don't do it well and with full preparation, then it will only be an illusion, without becoming a reality. Except for anyone who really works hard and intelligently in preparing and carrying out betting, it will definitely not only be an illusion, but it will indeed be a person's path to success.

It's just like scammers under the guise of investors or anyone who considers themselves a professional trader and wants to share tips for being successful in trading. and in the end we have to pay. Yes, but as a rule, many of you are interested and end up joining. Or many people experience FOMO because these successful influencers influence them. So indeed this will really depend on the mental readiness and insight and knowledge of the prospective traders themselves.

They know this is the only way they can make money fir themselves. If they should go into trading their is nothing for them because they have learn trading to gain profit from it. One thing I noticed about people like this is that if they claim they are expert and have some trading lessons to give out, people would want to listen to it because they need help too learn in online lessons for them to be able to make profit from trading. Every trader on online platforms are claiming to be professional traders.  Because of the numbers of fake traders on social media I will prefer new traders to go for a physical trading academy to learn trading better than what we have on social media.

It's obvious people preach and teach what they can't perfect if being put into practice, I wonder how videos and teaching about trading sell on YouTube cause after watching and watching newly traders still don't understand. Talking about signals, from my view signals is just too over hyped and I don't like the fact people spend their money on signals, why not try a physical class where you can see and practice alongside with the person teaching. If talking about the money involve trading has to do with money talkmore of the learning process. That's why most people consider trading as a difficult task but the only stress involve is avoiding the learning process

You cant blame them considering on how rampant those fake gurus are then you would really be expecting that there would really be that sort of generalization when it comes to this matter and this isnt something that you could really be make yourself that stop people on saying on things that they do have in mind. This is why it would really be best or better that you should really be sticking into your own method and finding up ways
on making yourself that better specially with your trading. There's no other that could help you out in terms of your trading skill enhancement or whatever improvement you would really be having. Trading success is something that could really be achieved but of course it would really be expecting that it would really be not an easy path to take by a certain individual on which it would really be a common approach for you on
needing to realize it along the way. Dont make yourself in a haste on learning up because this would really be creating that huge path to make mistakes and errors.

Just make it slow but having that sure kind of approach because you would really be able to assess out on whats happening around and on what are the actions that you would really be needing to
to consider on doing do. It would really be something that you would really be needing to do so along the way.

We just need to to discern between them all. But the generalisation in this thread is alarming, I know there are many fake gurus now that rely on selling courses and all that but that doesn't mean, others  ain't profitable.

In case you don't know Warren Buffet shares his idea on media handles, even on his firm social, it is even more dumb to think those that don't share ideas are the profitable ones.
How then will you know the credible ones, if you haven't seen or heard them talk about there success and work proving it.

I'll add another reason. Teaching inherently brings a guaranteed profit and can never bring a loss, which is very often faced by traders. In addition, you do not need to hold a large deposit that would allow you to trade.

Warren Buffet is considered to be among top successful traders and he along with other top investors are never seen sharing there ideas or investment strategies with other. Social Media platforms like Youtube are a source of income for people who have zero experience of trading but they earn because people are buying there online courses or providing views to there videos. Following such people is wastage of time and effort. I only follow few recognised names on Youtube like Michael J. Saylor. If you want to follow someone on social media then make sure he is a credible person.

That is 100% true and all those people who go "trade like me and get rich" are people who won't get you make a lot of money. I knew a guy who turned 8k into 3.2 million dollars and he never shared anything about any of his deals, he never told us to buy anything or sell anything, he never even gave us responses when we asked him if one thing is good or another thing is good.

I believe that we could probably consider the situation getting out of hand if we let these people go about, so we should probably consider putting some law on the people who suggest what others do with their money. If you suggest someone to buy something, then you should be held responsible, it shouldn't be free to do that, you are not a wall street bank, you should probably consider that as illegal.

If we don't have any other option then surely we can get idea about trade through various youtube if one has such chance that directly through his relatives his relationship will gain enough gear of course it is much better to discuss about trade face to face than youtube. But this option is not available for all those who don't have this option surely they can gain enough knowledge to trade through youtube and get some idea about the trade. Those who are new to trading must acquire enough knowledge about trading and then trade with a long term plan.

Well because that's the reality in trading. You can truly make money like your annual salary for a day instantly. BUT the questions is, do you have the skill to make it consistently and to keep the money you are making or maybe you are just gambling. Because that's the fantasy most traders are submitting to. They thought success would be earning the million but the truth is how to they are able to keep that million and make another million the next month.

Success in trading is possible but it is not guaranteed. Only those who are willing to pay the price early on can catch up with the rewards of it. It's no get rich quick. It takes years to make money in a day.

     Honestly the other youtube influencers who offer the trading course are their guidelines to teach if we are just observant that they also have a variety of youtube accounts that the theme
or niche is about trading Tutorials in accordance with the experienced of others as well.

     All they did was chopped it, revised, and a combination of various ideas of content creators and then they could create a tutorial about trading either cryptocurrency or forex.
And others often use it so that they can scam other people who are innocent and ignorant of this field.