Jillzy 

I've watched this guy and laughed. he has lost and re-gained his funded account repeatedly. he takes HUGE risk...sits in losing positions (and even adds to them) all day. like it can be a face-ripping down trend day and he goes long and doesn't get out. usually they recover and he does ok but sometimes they do not. this is NOT the way to trade...this is a good way to blow out your account.

Matt takes more risk in his personal account than his funded account. I am not keeping score but he seems to be doing ok. He focuses on the nq. He's also a really nice person. He takes a lot of crap from the chat when in drawdown and keeps his cool for the most part. I give him a lot of credit for live streaming. I tend to trade awful when watching him so I don't watch often. (not because I am following his trades I just get distracted).

He helped me reconsider the combine path too which if anyone is considering but is skeptical.

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phantomtrader 

I don't see anything objectionable about YouTube traders. Some people like to talk. They like to interface with people. Most traders are fairly solitary, but that's not everyone. I like to research traders on YouTube. Once in a while you find someone interesting. I generally like to figure out what they're doing i.e. reverse engineer their trades to see whether they're real traders or just actors. I don't follow anyone during trading hours, however. It's just research for me.

I share this perspective. YouTube is the medium, not the message. On YouTube there's everything from quality to complete junk, just like TV, books, magazines, and all other mediums.

kirkvan 

I share this perspective. YouTube is the medium, not the message. On YouTube there's everything from quality to complete junk, just like TV, books, magazines, and all other mediums.

I share it as well. I've seen some good videos on any number of micro topics, from NT8 hacks to strategy walkthroughs to just simple screen recordings of a trading session. I personally find more direct value in these videos than in most books I've read in the field (specifically talking about things like charts, setting up automated strategies, and other visual explanations that don't carry over to book form very well).

The only extremely negative bit is when you see Facebook/YouTube ads targeting new traders, selling them crazy dreams - but that's not what many channels actually do.

https://twitter.com/TicTocTick

The edge of retail traders is discretion/intuition, and that only can be trained with screen time, and specifically loosing a fair share of money. So it doesn't matter if someone vomits all his edge over you, you'll still have to put the screentime/money in.


It's funny tho that most traders on YouTube don't show live trades, is almost as if none are really making money by trading and all their income is by selling courses

youtubers get a share of sidebar ads that appear. That is how the big money is made.

anubis 

The edge of retail traders is discretion/intuition, and that only can be trained with screen time, and specifically loosing a fair share of money. So it doesn't matter if someone vomits all his edge over you, you'll still have to put the screentime/money in. It's funny tho that most traders on YouTube don't show live trades, is almost as if none are really making money by trading and all their income is by selling courses

You only get it in retrospect though, in the meantime trying and erring all sorts of bullshit

Youtube is no different than other info source.
And it will ONLY be useful if you have specific questions/queries or at least have some vague ideas of your own about something..

"Folowing" someone is the worst thing possible. Won't even bother to explain why.

I think that trading is comparable to playing a music instrument. You can watch many courses but you need to practice. I played classic guitar in music academy for 10+ years..... you basically get taught every technique in the first 3 years but the difference between someone who played 3 years and someone who has been playing for 10 years is incredible.
Also after 10 years you have a good level but it takes much much more to become proficient..... and in a music academy you play at least 6 hours per day, every single day.

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SBtrader82 

I think that trading is comparable to playing a music instrument. You can watch many courses but you need to practice. I played classic guitar in music academy for 10+ years..... you basically get taught every technique in the first 3 years but the difference between someone who played 3 years and someone who has been playing for 10 years is incredible. Also after 10 years you have a good level but it takes much much more to become proficient..... and in a music academy you play at least 6 hours per day, every single day. Sent using the NexusFi mobile app

Agreed. Perfect analogy.