which youtube "traders" are legit?

guest_trader_1 · Mar 15, 2022

Laissez Faire said:
Yeah. There's quite a few episodes, though. Anyone particular you'd recommend? Seems like there's a lot of equities traders there. A bit less on futures, but I only skimmed the TOC quickly.

Currently listening to Kristjan Kullamagi which is a quite good episode, too.

I trade micros on the CME/Globex exchange so I normally look for anything related to the futures market.
Here is a search that should show a few of them:
https://www.youtube.com/results?search_query=chat+with+traders+futures

I forgot the exact episode, but I found a revelation to know how TA traders act on their signals. One of them traded the opposite of what a signal would tell him in order to go against most of the retail traders, he didn't care to tell everyone the trick

Sprout · Mar 15, 2022

angrytrader said:
I trade micros on the CME/Globex exchange so I normally look for anything related to the futures market.
Here is a search that should show a few of them:
https://www.youtube.com/results?search_query=chat+with+traders+futures

I forgot the exact episode, but I found a revelation to know how TA traders act on their signals. One of them traded the opposite of what a signal would tell him in order to go against most of the retail traders, he didn't care to tell everyone the trick

Yeah, lot's of novel insights. Although, having a overall methodology provides structure more than collecting a bunch of random tips.

Sprout · Mar 15, 2022

mute9003 said:
im not looking for someone to copy strategy
im trying to find a legit source that can give me correct info about how market works
how institutions work what are their moves so i can see them on charts
how hedge funds trade so i can see their actions on charts
how HFTs work so i can spot those on charts
how shorts work so i can see when people are shorting vs when people are selling etc
thats what im having hard time finding due to the millions of retards that populate the youtube

You'll have to learn about market microstructure, none of it is exciting but does give the proper context to build a solid foundation.

Laissez Faire · Mar 15, 2022

angrytrader said:
I trade micros on the CME/Globex exchange so I normally look for anything related to the futures market.
Here is a search that should show a few of them:
https://www.youtube.com/results?search_query=chat+with+traders+futures

I forgot the exact episode, but I found a revelation to know how TA traders act on their signals. One of them traded the opposite of what a signal would tell him in order to go against most of the retail traders, he didn't care to tell everyone the trick

Thanks! Mostly interested in futures myself, but I keep an open mind. Let me know if you find out that episode.

Laissez Faire · Mar 15, 2022

Sprout said:
You'll have to learn about market microstructure, none of it is exciting but does give the proper context to build a solid foundation.

Did you quit your Hershey studies?

GotherL · Mar 15, 2022

You know their either paid pumpers or clueless traders trying to make a living off monetization when they promote stocks that grab a ton of attention on a frequent basis when it's clear these stocks have been downtrending for months. EG. AMC, NIO, SOFI, PLTR, DKNG etc.

The_Krakenite · Mar 15, 2022

-channels like kevin and that graham guy have. Stupid thumbnails with their mouth open and rambling about nothing for 12min.

Buwahaha! Over a couple years ago I remember Youtube trying to promote their latest videos constantly to me. I remember every silly thumbnail of those two nit-wits was always some overly-exagerated 'shocker' look like someone took a fist-full of mortgage-bonds and rammed them right up their ass.

Time to time I would (for fun) look at self-declared guru or mensa-verified guru scam channels like 'Raging Bull' etc just for laughs. Unfortunately (or fortunately) they got outed and in legal hot water for their scam and lies. Shocking isn't it???

That said, I've come to the conclusion quickly that anyone who calls themselves a ForEx trader on YouTube or uses Meta-Trader-4 is basically a scam-artist or someone who's trying to 'fake it until you make it'.

murray t turtle · Mar 15, 2022

smallfil said:
If you do just one thing as a trader, especially, if you are just learning to trade or invest, follow the trend. Do not fight it. The trend is your friend. That is a maxim in Wall Street that you should live by. The reason is obvious. Who sets the trend in any stock? It is not the retail traders. The big boys (hedge funds, mutual funds, banks and brokers) all trade the stockmarket. If they are getting into and buying a stock, will the stock price go higher or lower? Conversely, if the big boys are dumping a stock for whatever reason, will that stock go higher or lower? Just plain common sense. Now, create a trading system that follows the trend. Your chances of success is now, that much higher. So, your trades or investments should be aligned with the major trend. Just my 2 cents.
There are ET traders who do not believe in trends. That is their problem.

%%
ACTUALLY that is much better than YouTube. Even though an Investors Business Daily ad chart on YouTube may help.
Impossible to know what an elephant herd will do\ but like IBD founder noted ''you can always tell when an elephant gets in a bathtub.'' Elephant exits are impossible to hide also.
Dont have to use charts ,which i prefer. My CPA did not even like charts he liked numbers on the stocks.
Most men are visual\ so charts can help. NO way a herd of elephant can hide their tracks or feeding habits. :caution:

A big buck deer can hide its tracks by going into a stream.

tomkat22 · Mar 15, 2022

I like Humbled Trader. Not because she's a particularly good trader,she's just easy on the eyes. LOL

smallfil · Mar 15, 2022

murray t turtle said:
%%
ACTUALLY that is much better than YouTube. Even though an Investors Business Daily ad chart on YouTube may help.
Impossible to know what an elephant herd will do\ but like IBD founder noted ''you can always tell when an elephant gets in a bathtub.'' Elephant exits are impossible to hide also.
Dont have to use charts ,which i prefer. My CPA did not even like charts he liked numbers on the stocks.
Most men are visual\ so charts can help. NO way a herd of elephant can hide their tracks or feeding habits. A big buck deer can hide its tracks by going into a stream.

If the big boys (hedge funds, mutual funds, banks and brokers) are exiting a trade, they are not going to bother to hide it. Why would they? That is the exact time the legions of retail traders like the Wallstreet Bets and Reddit traders, pour huge chunks of their monies buying the extreme highs of that stock, just as the big boys are getting out and locking in their profits. Like taking candy from a baby. Pity the dumb retail traders. They are in over their heads without a clue to what is happening to them. And lose a good chunk of their monies, they will.