Also highly recommend Barry @ Emini-watch. He does has a set of indicators you can pay a monthly subscription for... but worth every penny IMHO. https://emini-watch.com/
The following 5 users say Thank You to leescharf for this post:
I don't think any serious trader would be very open in sharing his market understanding. If they share they normally only share "basic" stuff.
I had my own channel and I posted only a couple of videos for some friends then after a couple of hours I realize it was not a good idea to share even if it's for a bunch of friends that do not even trade. When the views passed the number 10, I started to sweat and I could not sleep.
So I end up making hundreds of videos and I have them locked up in an external hard drive. It takes years to get real market understanding and in the Youtube era you can lose your edge so quickly.
In my previous job in international trade whenever somebody found a new niche then they were able to make money for three to four years until somebody had the great idea to create a conference or an event for that niche market. The event made public something that had a limited scope and money immediately disappeared.
I knew a couple of companies that went from turnover of 150+ millions to only 4 millions in a couple of years just because they decided to be visible.
I think visibility is overrated. If you really make money why do you want to be visible? in many parts of the world mafia will chase you and ask you a percentage of that money, in south America they will probably kidnap and torture you if you know you have money.
In Europe they will have envy at you, in U.S. if somebody loses money the SEC will investigate you.
Look at what happend to Jason Bond... he is not facing charges for 137 Millions and he will probably go to jail.
I don't think his YouTube channel was legit, but anyway you get the idea.
Do you know the story of CIS? he made over 1 billion in trading, and became popular for making 34 millions in one day. Nobody knows his face nor his real name. That is being smart.
The following 15 users say Thank You to SBtrader82 for this post:
As SBTrader says.. the challenge here is that doing Youtube videos is a LOT of work.... which is why it's so hard to find anyone posting good video content that's valuable... who aren't also selling something. And why it's so easy to find free videos on YT (TikTok, Insta, etc etc etc) about trading that are total BS.
Check this thread I posted for some of my fave places to get ideas;
Looks like a ton of these have disappeared since this thread's last post in 2013.... can you help me update the list with any I've missed?
Futures Truth - online, interesting - cofounded by George Pruitt who has written some great Easylanguage …
(Stocks and Commodities Magazine is my current fave for ideas and often, the code for them)....
Books by Pruitt, Davey, Collins all include a TON of strategies that still work, often fully coded... You just have to find the markets and bar sizes to apply them to!
Happy trading!
J
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'Yes, I learned how to trade Price Action watching these videos. He has over 7 years of videos he's uploaded and as far as I'm concerned it's about the best stuff out there. He's not a marketer so his stuff may not be polished but you will learn to trade. [yt]https://www.youtube.com/channel/UCQ3D2_YyX3BSalVUdZjkGRQ[/yt]
His site is https://www.priceactiontradingsystem.com/ and he has tons of free, quality information there. He's a real trader. Not a marketer. I've studied his stuff for over 3 years, am not an affiliate and I won't get a thing from letting you know this other than knowing I was able t steer someone to quality information.
Hope this helps.
Larry
The following 7 users say Thank You to Larryeh1 for this post:
I have never understood why a successful trader would be interested in the time and effort required to produce videos and run sites to educate other traders! This "paying back" stuff you hear when they are asked the question "why do you make all the effort to teach other traders when you can devote all your time to making money in the market?" sounds like a load of BS to me!
I suppose that maybe having achieved success their egos need stroking by playing the "Master" and enlightening the great unwashed, but I think it is more likely that they do not trade for a living and instead derive their living from selling videos and courses for something they may not be able to do themselves.
It is possible that someone may know how to trade but not be able to actually do it for a variety of reasons. Let me give you an example: when I was a kid my older brother taught me how to swim. He did it from the side of the pool! He could not swim himself but he knew how it was done. The same concept is at work with sports coaches.
I disagree with you on your concern about losing your edge if you were to share it. That sounds fine in theory but it does not hold in practice. You see, their is nothing new under the sun! The way you trade is practiced by hundreds or even thousands of active traders worldwide and I guarantee you that you do not possess some unique knowledge of trading that no one else has thought of! Besides, the markets are moved by the institutions not by individual traders! Institutions ("The Whales") account for 80-90% of trading volume.
So let not your heart be troubled by the idea of sharing your methodology with your friends. You will not lose your "edge" because in reality, it does not exist!
Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent! Calvin Coolidge
The following 7 users say Thank You to Joseph Connors for this post:
One trader I follow that doesn't sell a course is Linda Raschke. She's amazing and great to learn from. I've learned a lot from her. Yes, a lot of it is the "basics" but it's from her perspective from trading for 40 years. And like with anything, the longer you do something, the more you perfect it, which is stripping out the extra stuff and relying on the basics. Which is pretty much what she does.
Her Website has a resources section with articles and books she recommends. A lot of those books (especially Technical Analysis and Stock Market Profits by Richard W. Schabacker) are really pivotal to my trading.
No Nonsense Forex (VP) is a trader on YouTube who doesn't sell any courses. I highly recommend him and everything he does as well
There's also a lot of other traders I recommend and like on YouTube, but they sell courses. I'm not sure if Rayner Teo has a course. He's fantastic too
UKSpreadbetting (Mark) has a course but it's really good and not expensive and he mainly focuses on his free YouTube content. Hardly promotes his course so I figured he's worth sharing.
Humbled Trader is the same -
and Karen Foo, I don't think she has a course, only free courses -
I can't post links yet. This is my first post.
The following 4 users say Thank You to ChillTrades for this post:
YES highly recommend PATsTrading
he has chart studies that go back to 2011, very consistent, no agenda, great teacher
He uses Ninja Trader (no comment), purely naked trading except for trend lines and S&R. And a very nice family man. Just added a forum where members can interact, forum costs around 100$ year.
My P&L is thru the roof. thanks much
The following 2 users say Thank You to billmcg for this post:
how do you know he is funded? I cannot see his account anyway on his videos and I can't understand whether he is trading live or sim. Does he show his dashboard? he seems legit though.
The following 2 users say Thank You to SBtrader82 for this post:
