The Illusion of Trading Success

[joeperry]

There's a lot of people who are selling courses though not all of them are successful traders but that doesn't matter they didn't say they are successful but they have the knowledge they can share with in exchange for money and it's up to people on how they are going to apply it and those courses were really a good source of knowledge that you can't get easily or would hard if you are just going to do it on your own. Also, there's some known traders in Twitter that do share courses for free, give their insights (but not a signal) and those are some successful traders/teachers as they do teach freely and doesn't ask anything in return and they also have a disclaimer that that was only their analysis and doesn't encourage to follow as there's no way you can predict a market.

But regarding to the VIP signals, I don't trust them too, we don't know how do they get it and also it would hinder you to practice your skill on market analysis if you just rely to the signal given in a group.

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[sheenshane]

It's as simple as that, there's no successful trader in trading.

I disagree. If you are actually trading, you can make profit in the long run too despite some losses and mistakes here and there.

The problem is that many people "gamble" and call that trading! For example they listen to the fake hypes on the internet, in social media, etc. and buy a shitcoin without knowing they are buying into an already pumped garbage that is about to be dumped. Obviously sometimes they make a profit randomly because they were lucky and the pump lasted a little longer but most of the times they lose because they get dumped on.
This is not trading. This is gambling and you are right, there is no successful "gambler"...

Well, I got your point there.

From time to time in trading for sure you'll learn from those mistakes in the long run and this makes you strong in trading and of course, it will sharpen your knowledge and ideas in trading as well.  But I can't imagine how much you'll need to lose before getting such a point.
So the idea of successful trading isn't something yet convincing me at all but yes, you may earn profit but we can't call it successful.  Because IMO, when we talk success, there should be no loss at all, it should be consistent profit that trading won't promise at all even how knowledgeable you are.

[retreat]

There are many people like that, claiming that they became millionaires just by trading and opening trading classes to be able to share their experiences with other people. I mean, if he's confident in his experience and has already made millions of dollars from it, why doesn't he just trade with that money himself and take all the profits for himself? why does he need to open classes at quite expensive prices and share his knowledge? If it wasn't for wanting to make money quickly without the hassle of trading, I don't think he would open a class with the intention of making other people rich with it - those people aren't generous enough to do that, they're not saints

[God bless u]

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.

Thats the negative side of not only trading but also all the related business and platforms that are running all along the internet. People get more income than trading in selling their so called fake courses and claims.

Actually it's not more of a fault of course seller than the ones who buys that courses. We are not only buying these courses but actually we are promoting these kinds of course sellers and this boosts their confidence that people can still be doged and faked. We have to stand against it ourselves.

[Lakai01]

[...]
I mean, if he's confident in his experience and has already made millions of dollars from it, why doesn't he just trade with that money himself and take all the profits for himself? why does he need to open classes at quite expensive prices and share his knowledge? If it wasn't for wanting to make money quickly without the hassle of trading, I don't think he would open a class with the intention of making other people rich with it - those people aren't generous enough to do that, they're not saints

I think this is explained quite simply: the security of income.

A successful trader misses around 49% of his trades and makes his profits with the one percent more successful trades. Once he has made a name for himself with his successful trades, he can use this to offer courses, workshops and training sessions, which are then also very popular with newcomers. All well-known professional traders actually offer such courses, and crypto influencers such as CoinBureau also work with such methods.

The income from the courses is generated regularly without much risk, so they are a very good addition to the trades. A successful and well-known trader would therefore be foolish to abandon this source of income.

[Kelvinid]

The real successful traders are quiet and are even afraid to share their success stories. But those who are not, are big mouths and they are very convincing when they talk. That is why following these social media influences doesn't make sense anymore as they are just helping us to lose, not to earn. Because if these people are true and what they say is truly working, they are rich already but unfortunately, they are not.

Success can't be copied by others, it is a personal strategy. We can have their ideas and follow their tips but it doesn't mean we can be like them because there are secrets in trading that they never told us until such time we discover it on our own.

[Cryptomultiplier]

Many are teachers only few are traders...

This quote explains it all.
I had to follow a teacher one time on YouTube while I was trying to secure a Payoneer account for someone who was interested in setting up an online shop.
Although the experience I had after following instructions led me well, but it was purely different from the result I got, because the teacher could only tell me what to do, but couldn't and didn't mention the harder part which involves using a referral or having someone with similar accounts fund mine up to $50, before I get to use the account to receive or send payments.
I had to go do my own research to discover Greg account, although not so popular but it was easier to just do it and be successful at it on my own than listening to the instructions from someone who is merely teaching to earn money.

Somehow my story relates to same our OP just told and the truth remains that many traders who have podcast and host shows and have videos on YouTube, don't actually trade for a living nor do they even practice or have had to practice some of the strategies they teach. They just make a living by making contents that are engaging and earn from it.

[poodle63]

The real successful traders are quiet and are even afraid to share their success stories. But those who are not, are big mouths and they are very convincing when they talk. That is why following these social media influences doesn't make sense anymore as they are just helping us to lose, not to earn. Because if these people are true and what they say is truly working, they are rich already but unfortunately, they are not.

Success can't be copied by others, it is a personal strategy. We can have their ideas and follow their tips but it doesn't mean we can be like them because there are secrets in trading that they never told us until such time we discover it on our own.

couldn't be said better, those people adept with trading that make millions are definitely not going around trying to make the whole world know that they are making big money just to avoid spotlight meanwhile the people that tries to market their course and so on will definitely try to make the whole world know that they are successful person regardless whether that success is true or not but the point is that they are trying to sell something so that they can make money off it so even trying to fake their trading success is even more frequent these days.
but right now things are improving though people aren't really as vulnerable to such trading gurus as it was back then, most people just outright ignore what ever these people are yapping and just try to research on their own, though there are still vulnerable peolpe that don't know better that still fall into their marketing method but its not as rampant as it was before.

[Queentoshi]

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.

Some of these people started trading actually as successful traders, but they were not able to maintain the success because maintaining success in trading is even more difficult than achieving first time success that they enjoy at the beginning of their trading. These people were able to convince some people to buy out materials written from the little knowledge that they've been able to acquire and once they saw that there was a lot of people interested in learning trading and the profit they could make, they started focusing more on packaging themselves as teachers who sell trading courses, organize trading classes, create trading contents for YouTube and other social media platform and host podcast just so that they can position themselves properly to collect money from these new traders who have the intention of learning.

[synchronym]

Trading is not so easy. Training is done through YouTube. Don't believe it easily. Those who are new to trading fall into a trap. Newbies don't understand many things, because of which they easily believe and lose. Before trading. Must acquire enough knowledge about trading if you don't have knowledge about trading then you will never get success through trading. So before investing in trading you must gain proper knowledge about trading then you have to invest. Investment in trading must have a long-term plan. Many times it is seen that many investors make short-term plans and it is seen that they suffer as the market fluctuates. So always trade with a long term investment plan. If we have a long-term plan and can trade patiently after checking the market, surely we will get success through this trading.

[jrrsparkles]

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This became a big scheme and many influencers or what we call mentors in trading keeps on flexing their luxury lives in social media platforms to promote their services or to attract customers, sad but yeah this is happening and believe me I've tried subscribing into some mentors in trading and not all of them are really helping you, there some that is scammers or their skills or signals are really not effective, of course not all I subscribed to some legitimate groups that will really teach you how to trade and different techniques and hacks in trading, that's why I don't believe those influencers that boost too mucb about how successful they are because of trading.  That's why the greatest mentor is yourself, if you manage to become average to expert level in trading the you are the boss to your own work.

Evolution of technology gave opportunities for people with the fame to make easy money and that's only possible due to the wrong approach of the victims cause they don't know where to start. Nobody will be interested in telling their money making strategy to anyone even if we are ready to pay and whatever they teach us are just basic that we can learn from reading random articles on the internet for free.

[fullhdpixel]

This is exactly what I have been trying to explain the other day on different thread, one who teach us trading by getting fees are not really traders they just try to exploit their audience by showing the positive side of crypto trading.

Making profits consistently in trading is not possible so they say others to do trades and get money in return and making money consistently.

Maybe some are like that but there are still some who are really traders. They can also be called as mentors. Learning trading is not easy and they are making the lives of someone else easy by providing direct lessons in exchange for some fees. Not only the positive side but they can also show the negative side of it. It's not a way to scare their clients but it's only a way for them to be more careful about their actions.

I think it's true that there's also traders who earn money consistently and this is the reason why trading is popular but many of them don't bragged their gains in social media. These people are well-disciplined and humble.

[crwth]

Well, that's their strategy and probably they used that money to make sure that they would be able to fund their trading as well. I believe there are a few people who are really honest in helping other people towards the right path and they will bring them to the path of success as well. There are signal groups that just make it with money but there are groups that are really great and helpful with their team. It's just going to be important to DYOR when you are going to follow their signals. 

[BD Technical]

Now actually people have taken more responsibility in teaching rather than trading or learning, you are right.  Many people are now less engaged in teaching rather than training, seeing that everyone is practicing and making money from them.  I will see that many people are making many promotions or promotional videos on Tiktok ID in the name of teaching responsibility or teaching, but actually many people are inboxing them as an attack on outsiders.  Money has been snatched from them by trapping them and how much it has actually benefited them.  If it turns out not to be investigated then you will see that they have actually wasted their money and they are.  Can't get any kind of traffic or any kind of earning, actually it's difficult to teach training or trading.  Trading is not easy as it is easy to do and training is difficult. But anyway you are right, now trading is more than training.

[Zoomic]

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.

Trading is not for everyone. Trading involves lots of commitment and aside that, it is highly risky. Not many would want to take such risks. It shouldn't bother us much how this group of 'teachers' make their money from just having the knowledge of trading and not going into full time trading, provided they ain't scamming people of their hard earned monies. Not all of these 'teachers' are fake though.

A prospective trader who is serious about learning trading and going into it full time should know that most traders they see on social media are only using that platform to get more followers and earn money. That is why they should not rely on only one source to get the right knowledge they need. Learning from different sources will help them know when a particular source is not being honest with his teachings.
It is not easy getting a real and an honest trading mentor these days, but if one is eventually found, he shouldn't be taken for granted.

[Finestream]

There are many people like that, claiming that they became millionaires just by trading and opening trading classes to be able to share their experiences with other people. I mean, if he's confident in his experience and has already made millions of dollars from it, why doesn't he just trade with that money himself and take all the profits for himself? why does he need to open classes at quite expensive prices and share his knowledge? If it wasn't for wanting to make money quickly without the hassle of trading, I don't think he would open a class with the intention of making other people rich with it - those people aren't generous enough to do that, they're not saints

Well, if those experiences or trading ideas are shared to the people for free, most probably he is genuine with his intention to help, he’s really a good trader. But the fact that everything involves money, that’s already suspicious for us. Reality is, he is not actually a successful trader, but is acting like one so that he can deceive everyone that gets interested to his contents, still he will end up profitable just like trading. He’s smart, but not smart enough to trade for real.

[Mahanton]

There are many people like that, claiming that they became millionaires just by trading and opening trading classes to be able to share their experiences with other people. I mean, if he's confident in his experience and has already made millions of dollars from it, why doesn't he just trade with that money himself and take all the profits for himself? why does he need to open classes at quite expensive prices and share his knowledge? If it wasn't for wanting to make money quickly without the hassle of trading, I don't think he would open a class with the intention of making other people rich with it - those people aren't generous enough to do that, they're not saints

Well, if those experiences or trading ideas are shared to the people for free, most probably he is genuine with his intention to help, he’s really a good trader. But the fact that everything involves money, that’s already suspicious for us. Reality is, he is not actually a successful trader, but is acting like one so that he can deceive everyone that gets interested to his contents, still he will end up profitable just like trading. He’s smart, but not smart enough to trade for real.

You would really be having those kind of thing in mind that if these fellas are really that profitable somewhat millionaires or making such huge money then why they would really be that having that kind of
flexing out and tending to make people to pay up some sub fees or vip on whatsoever payment on which if we do really tend to look at on which these are just peanut amounts.
Its impossible that you cant really be able to make yourself to think about those probabilities on which this is something that you cant really be able to make yourself realize that
there's no point or really not that recommended on following or paying up on something which you could eventually learn it for free.

Trading success? You could really be able to achieve if you are really just that serious on what you should really be gonna doing. Although success does really need up
some sort of mix of luck for sometime due to unpredictability of this market. Just dont make yourself that delusional on some aspects.

[Sim_card]

It's as simple as that, there's no successful trader in trading.  You might get a profit today but you'll never know what will happen next.
In terms of money, many people are willing to deceive other people by offering their fake services since they know there's someone to believe them because they call themselves "influencer".

But teaching about trading is not scam. But you have to let your student knows that trading is risky and that you are only teaching them the basics.

I consider it most likely, especially if they are misleading others with false promises or unrealistic expectations about trading success.
It's disheartening to see that still they fall prey to such schemes, with few, if any, achieving the financial independence and success they were promised.

Mentorship isn't wrong if you don't rely upon them, you should make your own decisions in trading and make them one of your references.

What I don't like about them is that they flaunt their wealth around as if they made it from trading, using it to decieve their followers that trading is easy which is not true. Many newbies follow these influencers and feel that trading is easy as they are saying it, unknown to them that it is only the basic and the market is different when you enter it. To me trading is easy said than done,because it is more of practical.

[Nrcewker]

A kingmaker, makes the king, but doesn’t achieve anything on their own. This is the ideology everyone following and hence acting like the ace the trading industry. These types of people are not traders, rather their earnings niche is trading. They saw potential and opportunity here in this field and hence they grabbed it. Now whether you or me thinking them as scammers, doesn’t at all trouble them. They will continue doing this and will keep on printing the money.

[Jegileman]

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.

This is so true OP, and I just came across one today that made me followed him to his page and saw a video about trading he wanted to sell for some huge amount of money and claims it is for free now. After opening the video, it was less than what I expected, I would have been a better teacher if I wanted to tutor some people on what he was teaching and compiled in that 1 hour video.

The same thought came to my mind today that why are they so many teachers teaching people about trading and there are no so many successful traders. The number of teachers teaching people how to trade is suppose to be less than the successful traders but no, you can’t see successful traders not more more teachers.

Trading is hard and it’s not something you can make fortune from it in a short period of time. Even the successful ones still create contents and teach other people on how to trade, so that they can be compensated for their losses in trading. A lot of scammers are here, so well to do your research and do a lot of learning by yourself, it would be better for you.