Pages:
Author

Topic: The Illusion of Trading Success - page 2. (Read 1002 times)

hero member
Activity: 882
Merit: 540
April 30, 2024, 06:40:01 AM
#91
Successful traders are careful about whom to tell and share their stories with, and they seldom show up in public saying they are good traders as they prefer to remain anonymous despite their great achievements. And yes, those illusionists and fake traders have big mouths talking here and there, yet they achieve nothing aside from popularity. That is why I don't admire people who keep proud of themselves because I know that trading is not an easy game but these influencers saying the opposite about it.
Some people say that not all the things and success stories we hear on social media are true, most of them are scripted.

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.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
April 30, 2024, 06:04:32 AM
#90
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.
Successful traders are careful about whom to tell and share their stories with, and they seldom show up in public saying they are good traders as they prefer to remain anonymous despite their great achievements. And yes, those illusionists and fake traders have big mouths talking here and there, yet they achieve nothing aside from popularity. That is why I don't admire people who keep proud of themselves because I know that trading is not an easy game but these influencers saying the opposite about it.
Some people say that not all the things and success stories we hear on social media are true, most of them are scripted.
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.
B2Z
newbie
Activity: 14
Merit: 0
April 30, 2024, 12:37:14 AM
#89
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.
full member
Activity: 1120
Merit: 158
★Bitvest.io★ Play Plinko or Invest!
April 29, 2024, 08:52:40 PM
#88
If you have time to analyze, understand or make an investment with knowledge why not take a risk of it than taking courses which the same you can get in the internet, well possible we have different learning phases but think twice if its realty worth it?
On the other hand, I don't know the reason why it is so easy for them to put their trust, but one thing I believe here is that the urge to get rich quickly and instantly is in their minds.

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.
member
Activity: 490
Merit: 16
Eloncoin.org - Mars, here we come!
April 29, 2024, 04:55:16 PM
#87
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.



     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.
sr. member
Activity: 2380
Merit: 251
Eloncoin.org - Mars, here we come!
April 29, 2024, 10:53:56 AM
#86
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

Successful traders are careful about whom to tell and share their stories with, and they seldom show up in public saying they are good traders as they prefer to remain anonymous despite their great achievements. And yes, those illusionists and fake traders have big mouths talking here and there, yet they achieve nothing aside from popularity. That is why I don't admire people who keep proud of themselves because I know that trading is not an easy game but these influencers saying the opposite about it.
Some people say that not all the things and success stories we hear on social media are true, most of them are scripted.

Influencers make their life out of their fame, if they lose their popularity then there is no more opportunity for them that is why we often see them saying something even if it is just BS to keep them in the spotlight and media influence always attracts people irrespective of good or bad things going around them.

Some stories can be true but it just happens cause they were at the right spot at right time or we can call it as pure luck.
hero member
Activity: 2898
Merit: 590
BTC to the MOON in 2019
April 29, 2024, 09:50:05 AM
#85
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

Successful traders are careful about whom to tell and share their stories with, and they seldom show up in public saying they are good traders as they prefer to remain anonymous despite their great achievements. And yes, those illusionists and fake traders have big mouths talking here and there, yet they achieve nothing aside from popularity. That is why I don't admire people who keep proud of themselves because I know that trading is not an easy game but these influencers saying the opposite about it.
Some people say that not all the things and success stories we hear on social media are true, most of them are scripted.
legendary
Activity: 2688
Merit: 1091
Leading Crypto Sports Betting & Casino Platform
April 28, 2024, 01:24:16 PM
#84
Those traders who you have highlighted are not scammers. It is not right to call them that. They have been able to  build reputation, gathered the right audience through engaging content, built trust through consistent value delivery, and converting viewers into buyers and mentees. They are the metaphorical shovel sellers in the quote in a gold rush do not dig for gold, sell shovels. The monies they accumulate from the courses, their YouTube channels may now go into placing higher traders although they do not tell us the outcome, it is just what I am speculating.
Of course, they don’t force people to believe on them so they won’t totally fall as scammers. They are just doing their own job trying to educate these people around that get interested to trading, although it comes also with their personal interest to increase their views and get high compensation. But I really do agree that it’s very improper to call them as scammers, maybe the term “influencers” is probably what’s best suit for them.

Yes it is true that those content creators who do the promotion do not force the audience to get involved in the world of trading or get involved in the broker they are promoting, but I think that is the scenario of promotion where they do not force people to join and get involved but on the other hand they show something that looks very tempting like "trading can make you rich" and obviously with this idea alone most people might quickly make the decision to get involved in the world of trading promoted by the content creators.

On the other hand to say that they are a fraud may be too harsh words but yes in the end there is still a little element of deception where they content creators usually only promote or show something that looks tempting but does not include the risk that can never be fully tolerated where people who see it and who feel attracted they will put too much hope that in the end makes them surprised when the actual facts in trading especially when experiencing dominating losses.
legendary
Activity: 2086
Merit: 1058
April 27, 2024, 01:35:02 AM
#83
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.
Another factor is the use of the promotions its easy now to make a content into different platforms and share those stories in a form of text, post or videos to gain more popularity and not all the people are knowledgeable with the crypto or the trading itself so if those content creators earning a lot of money why not me those are the questions they as always problem and reason why they want to join in trading because they see an instant money.
I agree with the part that we all have a different way of learning and even we have different amount of time required to learn something. Let me show an example from myself without hurting anyone else, lets say I am some stupid person, and it takes me 9 months and a lot of different ways, like videos from many people, many written things, and a lot of podcasts etc etc, and I barely learn how to trade, whereas what if there is a person out there who watches a few videos from single person and becomes a great trader that way?

I think that's the most important part and I believe that will benefit everyone. This isn't always that radical and big difference, person to person difference could be tiny, but in the end we all have different ways to approach this situation in the end.
jr. member
Activity: 0
Merit: 0
April 26, 2024, 07:33:53 PM
#82
Those traders who you have highlighted are not scammers. It is not right to call them that. They have been able to  build reputation, gathered the right audience through engaging content, built trust through consistent value delivery, and converting viewers into buyers and mentees. They are the metaphorical shovel sellers in the quote in a gold rush do not dig for gold, sell shovels. The monies they accumulate from the courses, their YouTube channels may now go into placing higher traders although they do not tell us the outcome, it is just what I am speculating.
Of course, they don’t force people to believe on them so they won’t totally fall as scammers. They are just doing their own job trying to educate these people around that get interested to trading, although it comes also with their personal interest to increase their views and get high compensation. But I really do agree that it’s very improper to call them as scammers, maybe the term “influencers” is probably what’s best suit for them.

Well said.

I have read most of the comments only to find out that most of the commenter know nothing just want to contribute with empty context. Am not doubting that some are scammers but for us to generalise it shows how dumb we are. If you ain't profitable yet, doesn't mean others aren't,  there are many possibilities in trading, you all watch the podcast, learn from them, but still talk trash about them.

Alright, why do you all trade,don't you have profitable friends, common we are more than this if they are faking it, it can be real too. Of course,  they offer value.
Let's stop this judgement, encourage ourselves and push on not comparing and giving opinions of others success, it just an antidote most of you are using to sustain your reason why you are unprofitable.
Learn.
They keep making money, you keep making comments.
hero member
Activity: 1554
Merit: 654
April 26, 2024, 06:20:21 PM
#81

If you have time to analyze, understand or make an investment with knowledge why not take a risk of it than taking courses which the same you can get in the internet, well possible we have different learning phases but think twice if its realty worth it?, i don't trust these signals after i learned about trading. As possible stay away with these things could be lead to scams.

Yes, that's people nowadays, they are easily tempted by whatever they see, especially when it comes to money and usually they don't like having to go to the trouble of learning by themselves and creating their own knowledge to equip them to start trading or investing, they just want something straight away. instant and the only way that they think is very easy and simple is by following paid signals provided by groups that actually they don't really know about the truth of these signals and they also don't know whether these signals can really produce profits according to whether promised or not, ultimately in some cases more of them are caught in fraud and lose money.

On the other hand, I don't know the reason why it is so easy for them to put their trust, but one thing I believe here is that the urge to get rich quickly and instantly is in their minds, even though it is clear that success or success can never be achieved by means of depend on other people, even though yes maybe these signals are useful occasionally to gain profits but if for example they don't know the knowledge at all then clearly this situation will not last in the long term, the other thing is yes I also agree with you that now I really I don't believe in signals anymore, at first I was quite confident, but after I lost quite a large amount of money by following these signals, that's when I really felt traumatized and preferred to learn everything myself from the start, gradually.
hero member
Activity: 3038
Merit: 647
April 26, 2024, 05:59:14 PM
#80
Those traders who you have highlighted are not scammers. It is not right to call them that. They have been able to  build reputation, gathered the right audience through engaging content, built trust through consistent value delivery, and converting viewers into buyers and mentees. They are the metaphorical shovel sellers in the quote in a gold rush do not dig for gold, sell shovels. The monies they accumulate from the courses, their YouTube channels may now go into placing higher traders although they do not tell us the outcome, it is just what I am speculating.
Of course, they don’t force people to believe on them so they won’t totally fall as scammers. They are just doing their own job trying to educate these people around that get interested to trading, although it comes also with their personal interest to increase their views and get high compensation. But I really do agree that it’s very improper to call them as scammers, maybe the term “influencers” is probably what’s best suit for them.
sr. member
Activity: 560
Merit: 287
April 26, 2024, 05:16:56 PM
#79
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

Thank you for bringing this discussion up, I myself have once thought about this and it makes no sense if I have no proof to backup my claims, so I just let them be as a thought and not actually happening in real sense. Sure the social media lifestyle is fake and for the real ones, you can’t easily differentiate them online.

Quote
You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

My thought about this was that if they are that good at trading and can make any money they wish to have on trading, why would they come out to stress themselves to teach people on how to trade? If they really want to help, they can offer this skills for free or even share the money by giving some quiz or take it to an orphanage home. There’s more to this because I feel they’re really hiding many things from the public that are willing to learn from them.

Quote
You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

Trading is just sideways, sometimes you win and sometimes you lose. The best part of it is that you understand the basics and when you do, you can earn more profits than losses but without proper risk management, you can lose all of your profits in one day. Trading is hard but I still believe there are some few traders that are genuine but most of them are not and depend on those streams and audience they build on social media.

Quote
I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.

Many are scammers while few are legit. Just filter them out.
hero member
Activity: 1498
Merit: 974
Bitcoin Casino Est. 2013
April 26, 2024, 10:45:32 AM
#78
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.


Another factor is the use of the promotions its easy now to make a content into different platforms and share those stories in a form of text, post or videos to gain more popularity and not all the people are knowledgeable with the crypto or the trading itself so if those content creators earning a lot of money why not me those are the questions they as always problem and reason why they want to join in trading because they see an instant money.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

If you have time to analyze, understand or make an investment with knowledge why not take a risk of it than taking courses which the same you can get in the internet, well possible we have different learning phases but think twice if its realty worth it?, i don't trust these signals after i learned about trading. As possible stay away with these things could be lead to scams.
hero member
Activity: 826
Merit: 583
Bons.io Telegram Casino
April 26, 2024, 09:54:07 AM
#77
This forum really opened my eyes to the naked truth that crypto trading is hard, because before then when I was hearing about trading from social media sites, it always gave me the impression that it's an easy way to earn money and become rich. In as much as there's an element of truth in this, the bigger truth is that crypto trading is risky and that's the fact, so no matter how it's sugarcoated like it's a short cut to riches, there's much loses in it and no matter how experienced and professional a trader is, they still experience loses. Trading should not be relyed on as an only source of income and traders, especially newbies should trade with the amount that they can afford to loose.

beginners should be aware of the difficulties of trading from the first time they try to trade. difficulty choosing assets, difficulty opening positions, and even difficulty determining targets.
most beginners just lie to themselves that they were just unlucky in their initial trading. they think they just need to try more. whether starting from watching or following influencer videos or getting support from friends. Trading is only intended for professionals.
full member
Activity: 364
Merit: 220
Eloncoin.org - Mars, here we come!
April 26, 2024, 08:09:41 AM
#76
This forum really opened my eyes to the naked truth that crypto trading is hard, because before then when I was hearing about trading from social media sites, it always gave me the impression that it's an easy way to earn money and become rich. In as much as there's an element of truth in this, the bigger truth is that crypto trading is risky and that's the fact, so no matter how it's sugarcoated like it's a short cut to riches, there's much loses in it and no matter how experienced and professional a trader is, they still experience loses. Trading should not be relyed on as an only source of income and traders, especially newbies should trade with the amount that they can afford to loose.
legendary
Activity: 2632
Merit: 1212
Livecasino, 20% cashback, no fuss payouts.
April 26, 2024, 05:55:01 AM
#75
Those influencers are not whales, so they can't be successful in trading. They don't make their living from trading, they use trading to give you the show that will help them to sell their product. They make money from selling their courses, trading is like gambling for them, sometimes they profit, and sometimes they lose.

That's true, but that's not the reason they can't be successful in trading. They're just not proper traders, that's all.

And something I keep repeating throughout the forum all the time every year is that most people aren't built for trading. Big majority of people lose money, that's a fact. And even among proper traders, over time, big majority lose money.

So these influencers are making money from other streams, be it affiliate or commissions, or simply selling their teaching product.

Trust me even if they are whales it's not gonna make them more successful AT trading.
hero member
Activity: 2198
Merit: 847
April 26, 2024, 05:20:40 AM
#74
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.
Whales move the market, someone's tiny dust can't change the Bitcoin's price and the rule of profitable trading is simple, buy low, sell high. Technically this is what those social media stars sell, this simple combination of words - "buy low, sell high". Those influencers are not whales, so they can't be successful in trading. They don't make their living from trading, they use trading to give you the show that will help them to sell their product. They make money from selling their courses, trading is like gambling for them, sometimes they profit, and sometimes they lose.

Your post is right and a good read for many people who fall into their scam. I hope many people will understand that when someone helps you to make money, they are the ones who are making the money and not you, so this help is fake.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
April 26, 2024, 04:39:30 AM
#73
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.
(...)
You nailed it OP. This is really true these days, some also use fake screenshots or fake profits from their trading just to gain popularity and some will use it to take advantage of people just to make money on them.
Especially right now, social media is already everywhere and accessible to many, they can now easily lure people.
Well, you can’t stop these people from doing their stuffs since they are seeing this as their own job. If they are making decent income from it, then there’s no reason that they will miss that opportunity simply because they weren’t successful traders in real life. We should not only put the blame on them, but for beginner traders, they should be responsible also to invest on their knowledge first and learn to filter whatever they heard from those social media influencers. If they can do that, it will be less likely for them to get scammed because they are also cautious towards their decision making with trading.
hero member
Activity: 2702
Merit: 704
April 25, 2024, 09:16:10 PM
#72
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.
One thing I know is that their is no expert in trading. One of the mistake beginners expecially makes is having the mindset that the trading counselors on social media are expert. Many are not even successful traders but most traders so much rely on them  believing watching their videos can make trading go smoothly immediately. Like they always say no knowledge is a waste, traders can still grab the few things that are correct while watching videos on social media  but they shouldn't rely on it so much. After watching every video I think it is important to make research to be sure if every information are correct.  

Successful traders don't only dwell on information from people,  instead their own personal research makes one to be a better trader
That is the issue here, many of those that watch those people giving all kind of advice online, never really take the time to test if what they are being told is the truth, and the only way to do this is to sit down, grab a few sheets of paper, a pencil and start to paper trade the previous movements of the market and see if they are right.

And if someone did this, they will realize really quickly that what they have been told were lies or at best some misguided advice from someone that really does not know what they are doing.
Pages:
Jump to: