Seems like all YouTube "traders" are coaches today. Can you recommend any good trade channel which NOT sell courses but still provide useful (and not basic) information? Will be grateful for a link in DM.
The following 9 users say Thank You to Evg577 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 10 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. https://www.youtube.com/channel/UCQ3D2_YyX3BSalVUdZjkGRQ
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
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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 5 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.
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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
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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.
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There was and is a guy named Atlas FX or AFX and he has a really good strategy he teaches. My husband and I watch him all the time, but for the few months he has taken a vacation. We also like Trader Tok who teaches the M1 and W1 harmonic patterns. We also like a few more, but watch out for from anything Online Trading Academy related. They took our savings. We have learned more from the YouTube world than we did from them. These are only for Forex pairs, but the M1 W1 apply to all assets. They are free.
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maybe you are right but I am not so sure that you can't lose the edge. I will give you an example. When the Rubik cube was created it took almost 6 monhts for the creator to solve it the first time. As the time went by more and more people worked on it and became better and better. In the world competition to solve the Rubik Cube the championship was won with ony 22 seconds. .... this was 30 years ago, not the record is 4,9 seconds. If sharing strategies has no impact how is it possible that there was such an improvement?
this is the source: https://ruwix.com/the-rubiks-cube/history-of-the-world-record-evolution/#:~:text...%20on%20a%20competition.
in case of trading it's even worse, because this is a zero sum game, so basically every dollar you lose goes into someone else's pocket. That's why big trader or big hedge funds like Renaissance are very careful about revealing information.
I think that the fact that it's a zero sum game is really crucial, it makes this game completely different from any other game.
I don't think my edge is very unique, if I can consider it an edge but I would not share setups very openly.
However I must say that looking at how many people are sharing whatever, I will consider to share some market related experiments that I made. I will think about it and share with FuturesIo community.
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I don't really know. He's not a coach or selling anything. I just think it's a combo of ego and added pressure helps him perform. He is responsive to the chat and will answer questions
Check out Omegavus Trading. They have a daily chat/trading room that you do have to pay a fee for and there are some some additional courses that they don’t really promote much so you aren’t bombarded with sales pitches. They show their trading charts for several instruments (futures only) and calls live trades from the charts so you know in advance where they want to get in and out of the market. If you sign up for their list they will invite you their monthly (typically) free trial days so you can check them out at no cost. They share enough of their charting techniques to give you a good idea of how to do it your self. And no, I’m not affiliated with them but I do pay the price to attend the room and find their charts uncanny in their accuracy.
In all seriousness though I'm already seeing some awful recommendations in this thread. People that I'm surprised haven't had complaints filed by the FTC against them already. There's also a number of suggestions from posters that don't post very often which should give you pause.
There's plenty of nice things about YouTube. You can learn a lot of the basics quickly. You can get a closer community which is how it has helped me the most. As a place to search for ideas to generate edge though? Probably the worst place you could look.
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I agree with the member Pocketful about Edge Group lead by Antony Drager. It has a nice trading community in which i participated last year for 99 usd a month (price went up tho)_ I also purchased his course and it has a lot of useful information and analysis. He has updates i think every Tue with members_ What i like about this guy i that he will say it clear and he doesnt use half words_
I subscribed to a few websites in the past, however i have seen that all goes fine and you get your email answered or any other answer until they expand and become busier, and i guess that is how life is_
Funny enough i always learned more when i was not paying for a subscription, and that was the case with J, James of school of trade,,,, The guy has been reported multiple times to the Cftc for many reason which i wont mention, and its courses are priced at 5000, however i took the best out of his free setups and patterns and adapted them to my analysis. Adapted means i'm not following by the letter what he says, but i rather take into account the possible scenario and take that into consideration_
I am now curious about Jared Wesley of live traders and would like to join the trial for 1 pound/14 days, but what puts me off a bit, are his pics with ferraris and airplanes, but overall acceptable_ If he had display a Tvr Tuscan i would have already joined :-)
The reason many successful coaches like to sell courses it is simply because trading is a lonely business, and also because when you get new subscribers you are not as tense as when you are trading alone, as when you have a losing day that is backed up by the monthly subscriptions, so you trade more relaxed_ Other reasons could be also the Ego-feed which we all have and by selling courses they become more popular and gain more prestige, especially when considering that the course is solid with all the reviews that will follow on trustpilot and fxpeace army... Someone said that it is Bs selling courses when you are successful, but i think that aside of the Fomo in trading there is also the fear of missing out by not appearing and displaying the capabilities and what one coach can offer to a community_ Not to forget that you make money on youtube when you have thousands of subscribers, so it all adds up_
I have dealt with such people and i can tell how many times per week they check their stats, how many people checked their website, to see from which country people check etc...
It is a hard work and if they can do it, then bless them.
Social media is tool to attract attention, YT is hardly a medium for anyone serious to spend too much time on, especially if you actually do make money by trading.
Trading is arguably one of the hardest things one can pick for making sustainable career, and if you expect anyone to teach/explain how to be successful in it over YT or even on paid courses, you have already been identified as a massive target by sharks
YT however is good place to gather info on random stuff. But that's it, might be helpful for starter.
___________________________________________________________ No plan survives first contact with the enemy - Mike Tyson
___________________________________________________________
The following user says Thank You to LastDino for this post:
What about avoiding YouTube all together? How about this instead: Recognize that trading is simple. Simple, but not easy. Good trading is simply good math and the good math is relatively simple - not complicated. Convert your thinking from points and dollars to percentages in both risk and money management. Trade with trend and hang in there for the big moves with daily, weekly, monthly and 52 week hi/lo as targets. Trade with a MINIMUM risk/reward ratio of 1 to 5 and shoot for a 1 to 3 win/loss ratio. Do the work necessary to be right a little more than 25% of the time and you will be fine. Chasing your tail (or worse someone else tail) thinking there are pivot points, Fibonacci, Elliott Wave or magic technical indicators is fruitless if you are new to trading. Learn the price action that markets and stocks repeat over and over again and take advantage. Avoid competing with hi frequency traders, scalpers and others that are better equipped to take your money than you are to take theirs. Remind yourself everyday that your principle objective is not "trading," but to "make money consistently through trading" and you will be fine. Deviate like most folks do and you will be introduced to the psychological pitfalls of trading of which have no limits to their depth. Good luck! IMG_4337 (1)
The following 13 users say Thank You to oliverburr for this post:
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.
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I dont know any which is a shame , every profession eg Lawyers Doctors and even trades (electricians plumbers carpenters( ETC ) have avenues to learn, we do not .
But i ask, if you knew how to trade and were successful would you be telling others on YouTube how to do it. Have a look at Trading Webinars on futures io.
ShadowTrader (for Market Profile/Market Internals) - He was a game changer for me.
youtube.com/user/shadowtrader01
James Dalton (for Market Profile)
youtube.com/user/jdaltontrading
Peter Davies (for Price Ladder, he's all over futures.io YouTube channel) - He's the founder of Jigsaw Trading.
The late Mark Douglas (for trading psychology) He's not a YouTuber but rather an author. I highly recommend his books. He is no longer alive unfortunately but his video lectures are all over YouTube - some are hours long but worth every minute.
Kaisen,
You make out learning to trade is a simple business.And some members thanked you?
I believe you will fail without a mentor, or else take a long time to learn.
This thread is useful with new info.posted by the members.
But maybe you are right, in which case, I have always wanted to learn to fly.
I will look in the mirror to learn.
bobc
The following 5 users say Thank You to bobc for this post:
I’ve learned to fly so I speak with confidence. I used instructors to get the necessary skill set and pass the government tests. I’ve learned to (2006 to date) trade. You can read books and hire trainers but trading is based on your life experience and values, ultimately you teach yourself.
Kaisen (google it)
The following 3 users say Thank You to Halb for this post:
youtube's trading rush is interesting. He does 100 trades using different strategies. Currently he loves using the MACD. Trading Rush makes scathing reviews of other systems. And he when he speaks, he actually informs unlike other you tubers that can babble on and on and never making a point
The following 2 users say Thank You to thailerdurden for this post:
Well, I thought I was the only one who did not see any positive outcome from Online Trading Academy. They lured me with all kinds of free stuff and I attended their office in San Jose California on November 2008. It was supposed to be a full day of free education among other items. It was nothing more than 2+ hours of sales pitch and a tour of their classroom with students in session; nothing learned.
I got booted out their office just prior to a free lunch because I refused to pay them $16,000 for their class. I believe the something happened to others because the group of attendees was shrinking as they were calling each of us to a private talk with their sales people.
The following 3 users say Thank You to justtrader for this post:
The best, no BS youtube channel to me, has to be from Mr. Pip. He has a LOAD of videos, he's dedicated lots of time and money into giving back. His approach is strictly from a technical perspective, but you will see how effective it is. Can't recommend it more.
His earlier videos are when he was trading FOREX, but moved to futures. Either way, the approach is the same, regardless of the instrument traded.
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.
The following 2 users say Thank You to Jillzy for this post:
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.
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.
The following 2 users say Thank You to kirkvan for this post:
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.
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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
The following 3 users say Thank You to anubis for this post:
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.
The following 3 users say Thank You to speck for this post:
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.
I played alto sax and before that, cello in elementary-->Junior HS.
I say they are very different.
Musical instruments heavily involve hand coordination, listening skills, memorization, etc. These skill sets will require much more training than a purely (basically) mental endeavor. (Admittedly, some trading styles may require hand coordination, and/or memorization, but I'm speaking generally imo.)
So much of that long training requirement for musicians is due to the non-mental aspects of playing an instrument. Whereas, it takes a long time to 'master' trading, even though there really are no such physical skills to learn, mostly mental.
Kinda like comparing a chess player to a golfer. A chess player can improve their game by completely training within their mind.
Just to be clear, I agree that it takes a "long" time ... unless you're a lucky one ... to excel at trading.
It kinda puts it in perspective when you can become a good musician after years of training, even though the training involves many different skillsets beyond the mental; yet becoming a good trader may take just as long, or longer, and only involves the mental.
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I imagine that some people learn to trade quickly but the majority of us take a lot of time. It took me four years just to understand that the vast number of "trading systems" didn't work and most "trading gurus" selling stuff weren't actually profitably trading.
Imagine how many years and hours someone like Christopher Parkening endured to get to his level.
That is one of the maddening things about trading - conceptually simple, very low bars to entry, but devilishly hard to actually PERFORM!
All the people I am aware of who trade daily and do it well said it took them 5-8-10 years to get profitable and really GET IT to the point they could make good money. Now they do, and they make a lot but that is what it took for them to get there.
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yes, and imagine that what you see is just the tip of the iceberg of what he can do. I could play most of the pieces that you can see on youtube like "la Sevilla", "the chaconne by Bach", "Asturias" etc....many tens of pieces, but the professionals can play the same pieces in front of a big audience and with emotions. That's a completely different game.
So, when I am playing the same piece as a professional player, I am probably grasping only a little bit of what there is behind his understanding of that piece. That was one reason why I decided to stop playing music.
I will tell you a story (which I think has a lot to do with trading). When I was at the conservatory we had to take classes of "group music", I don't know how to say this in English. So a friend of mine who played the flute and I, got together and we found an old piece of 17th century. We studied it and we presented in front of the professor.
The professor was a famous violinist, he was the first violin in big orchestra and worldwide famous.
We played the whole piece, that he didn't know, it was quite an unknown piece. When we finished he said: "I think you played a B sharp somewhere that is wrong".... he did not look at the music scores and to explain us where the mistake was, he sat at a piano and played the whole piece by hear. The whole piece from the beginning to the end both the guitar part and the flute part.
My friend and I were almost fainting, because we realized that this professor was at a completely different level. He had been a child prodigy but indeed you don't think that these things happen.
Basically he was perceiving the music at a completely different level, for him it was really a language, it was as easy as to speak.
I know that most of you will not believe this story, but if you read about Mozart and famous composers you will see that this is something that they could do, and that is is related in many stories about them.
How this relates to trading? well, ask yourself, what if we are just seeing the surface of what big traders see?
Imagine someone seeing a professional pianist playing some study by Chopin, or a virtuoso violinist playing the Caprices by Paganini. If the spectator know nothing about music he will think that it takes 3 years to perform that piece. In reality it takes 10 + years if you are gifted otherwise you will simply never reach that level.
This sometimes scares me. Are we really perceiving the difficulty of trading ?
We see the charts, we see the ladder etc... but what if the brain of big traders works completely differently? what if there is something we are missing? Quite scary!!!
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Reminds me of Rachmaninov - they say he could play something he only heard one time, many years before, and play it correctly.
A musical sponge LOL. Very gifted people out there.
I remember Pianist Valentina Lisitsa saying that she only has to read thru a score one time, then she owns it - its just practice and polish after that. A true photographic memory, and she can 'see' any page from any of the scores to study and rehearse. Amazing stuff!
I wonder how a brain like that would adapt to trading.
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Have you also noticed that there are many musicians involved in trading? Maybe it's just my impression, but I have heard many traders that also play an instrument. For instance Steve Burns, Bruce Kovner, James Dalton and many others... it would be nice to see if the prevalence is skewed among traders compared to the rest of the population.
I think trading and music attract people with an introspective personality, and a willingness to focus on process.
https://youtu.be/1Klk_TrQYEw Rick at Fit Traders check out .. I have been around markets 15 years very few teach and demonstrate like Rick and others there
First off: There is probably no way to know if there are any good traders on YouTube.
Secondly my definition of a good trader is consistent edge and risk mitigation over a period of at least 2 years
and having a trading track record through low and high volatility market regimes.
To verify that a trader is good you would need at the minimum:
1) A 2 year trading track record with full statistics and broker statements that are audited and signed by an independent regulated 3rd party.
2) A financial forensic audit of all the trader's accounts to ensure no trading with multiple accounts and no hedging with other accounts.
Most retail brokers I know will not allow a 3rd party audit of a customer account even if that trading customer requests it.
They also will not confirm or deny that a broker statement is authentic.
There is a so much on Youtube. to much to list. Sort of depends on your level. I like some of Vinny Emini's work like the J Hook vid https://www.youtube.com/watch?v=86aHhZ45VV0 and his strategies. Al Brooks on price action especially when it comes to double entry fails and Traps https://www.youtube.com/watch?v=j3FYCyWBTqc&t=6s. Some of Rob Hoffman's vids are good "How I Won Trading Competitions" etc https://www.youtube.com/watch?v=jBou3HnyuLI&t=2014s . Some of Jea Yu's Pups (power upticks), mini Pups and perfect storm vids are decent old school https://www.youtube.com/watch?v=fPHlEP97OVA&feature=emb_logo . I like some of Mark Douglas's work.."Trading in the Zone." Most sites/courses/systems etc. have a lot of fluff but there are some real gems in there if you look. Take the good where you find it and discard the rest. Everyone sees the market differently and continues to see it differently over time. Every technique or opinion is a snapshot in time. Some things work some of the time. Green light when things are working, red light otherwise. You can have an edge but the win loss distribution still has a random distribution within the parameters of the edge. One can know everything about the markets and still not be able to trade it. I have some thesis vids on yt..I don't sell anything Chartmojo. The trading psychologist's way around the 1400 cognitive biases, avoid labels, do what price does not the commentary in ones head...if x occurs do x1 if y occurs do y1. Imagine different scenarios, take the one that confirms. Imagine the High probability scenario first, you may not have time to imagine the second. Good luck.
The following 2 users say Thank You to chartmojo2 for this post:
Curious if it's the real Julia Cordova that is following you and messaged you. If it is, that's kind of lame. She seems pretty normal in anything of her's I've seen or podcasts I've heard. I suspect though who is following you and messaged you is probably a knock off account, pretending to be her.
https://twitter.com/CordovaTrades is her actual account. Pretty common scam for people to be imposters of people and try to talk people into scams.
yes you are completly right I just realized this!!! (I will delete previous post if possible, just to avoid having bad impact on the real Julia). See the picture below, the scammer have 1700 followers and the same picture. So it was not the real Cordova just someone trying to make some money behind her shoulders.
Good to know it wasn't her, suspected it wasn't. Scammers are a dime a dozen these days, seems anyone with any following gets scammers trying this stuff.
The following user says Thank You to lexknight for this post:
MboxWave - Mike Sokolik Wish Mike would do a like trade room and actually teach folks. Great software.
NoBsTrades -Matt Bowen Do the trial first. Style may not be for everyone. Definitely knows how to read first hour of market. Strictly Futures scalper
SimplerTrading - John F Carter He made over $15,000,000 this year. Very good trader. Excellent Salesman also made over $32,000,000 selling indicators and training classes.
If you are new to options great place to start. However you do not need to purchase all the slick indicators ST sales. https://www.youtube.com/watch?v=N5_OkdvPmUI
OptionsPlay.com - Tony Zang is very good. More experienced than he looks LoL on CNBC.
TastyTrade.com Tom Sosnoff former floor trader. Excellent Free Info at TastyTrade.com offers a ton of free things that SimplerTrading will charge for.
Power Cycle Trading - Larry Gains. Hands Down Best Value For training and Think or Swim indicators comparable to SimplerTrading but a lot cheaper.
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Tim Racette of eminimind posts regularly on YouTube. He has been a professional full time trader for 15 years. His YouTube videos involve trading ES using a simple, risk averse method built around 50% Fibonacci pullbacks.
The following user says Thank You to jaxfuture for this post:
I've been looking at a website called https://twoleggedpullback.com/. He has a simple method based on Al Brooks and PAT's price action method... Has one indicator he sells but the method is simple to understand and apply. He's not a coach and has nothing but his indicator to sell. Might be worth checking out.
It boggles my mind that Tim doesn’t have more subscribers. His trading style is simple but effective and he comes across as very genuine. He sells an additional service but doesn’t push it on his viewers. He’s a great guy, and his channel is a great resource!
-Zimmer
The following 2 users say Thank You to mtzimmer1 for this post:
I agree. I have checked out a number of his videos and his approach is simple and direct and he explains it fully and succinctly.
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
Seems to me you can get a feel for how gimmicky and what kind of substance you will find from a trader channel simply by their thumbnail pictures for each video. If 90% of the videos are the Youtubers face looking bewildered, shocked super excited with some click bait caption I would keep scrolling.
Some of the best content I found on youtube are channels where you never see the posters face just a chart and they are directly explaining a tool or an approach to the market. For example this guys channel below...pretty simple and some good videos for beginner's (like me) who are interested in creating some auto-trade systems for Sierra Charts (no products being sold).
"Ed Carp"
Looks like I cannot post links yet (New Here) but just do a search for that name should you be interested.
Happy New Years!
The following user says Thank You to plaincheese for this post:
Agree as well! I never heard of him until his name was posted in this thread. I would also have to say, he does seem very genuine and I can relate to his style of trading.
what is the simple idea. obviously it is al brooks & pats so i think it ok to say something about it. the idea is to buy the software. how much is the software. and what does the software do?
Has anyone used this and what are the results.
i assume it is scalping trades. does he scalp for one point. kind of small to me. a lot of work and risk for one point. i dont have the scalping mind set at $50. $100 or 2 points would be so much better twice as good. hahahaha.
i have tried both al brooks and PAT without success. I dont understand what they are doing or talking about. Pat i had trouble placing trades so having the software to make the trade would be perfect for me. do i just hit the button when the time comes and the computer handes the trade ???? THAT IS WHAT I NEED. HAHAHA.
I could not figure out how to set up the trade thingie like PAT does. I could not even get to the point of making a no money trade on the simulator and I threw in the towel last March or April. but I can start all over if this is going to do the trick for me. maybe someone can communicate over email with me and help me get to that first trade. I tried real hard to come up with trades without the software to make entries stops profits etc. but everything was way too fast for me to even make a reasonable entry on a simulator. it is these practical issues that are a problem for me. setting up the computer and then pulling the trigger to make the trades.
how much is the software?
thank you everyone
god bless everyone.
The following user says Thank You to Chile for this post:
Joseph James School of Trade. You can subscribe to his news letter which he sends out most evenings for analysis in ES, CL, and Gold. He got in trouble years ago doing dicey things with his membership but I will say he has a good understanding of technical analysis. His breakdown of ranges and range expansions really helped my trading and the newsletter is free. He gives out tons of examples.
I give Joseph James (I wonder if this is his real name) two thumbs down. My experience was very negative. In April of 2014, my attorney drafted a detailed, evidence-based lawsuit and I worked closely with my credit card company and eventually received a full refund. I will not accuse him of criminal activity since I don't have any evidence to support that claim and I won't attack him personally since I have no access to his inner intentions/motivations.
My dissatisfaction was with his trading materials and his live trading. I found him to be emotionally erratic. I observed him more than once "revenge trade" following losses and dig even deeper holes.
It's easy to discover his reputation by Googling:
school of trade scam
Then you can make up your own mind.
The following 3 users say Thank You to kirkvan for this post:
Well he has helped me and there’s no way I’d pay for his membership but I’ve used his techniques and been profitable. I’m sorry you got scammed by him.
The following user says Thank You to Snydes112 for this post:
There are a lot of "LIVE" traders on the youtube, facebook. Does anyone have a favorite?
I am sorting through them, trying to find one that is helpful as far as news, market talk. I turn them off when focusing but it would be nice to listen to someone with pertinent information when I am not concentrated on a trade.
If you have listened to a few, please mention them.
The following user says Thank You to Tyro for this post:
AFAIK, I was average or below. As I got older, I just thought the sax was cooler ... so I switched.
