any decent youtubers who explain better than google for skilled traders?

11 replies 35 views
yi3ld51Full Member
Posts: 78 · Reputation: 389
#1Apr 14, 2024, 02:44 PM
Honestly, every bitcoin channel on YouTube feels like a copy-paste: flashy RGB lights in some weird backdrop, and these two giant screens showing random candle charts that don't even include averages or indicators like Bollinger bands or EMA. I mean, I saw one dude trying to teach day trading using support and resistance levels, saying, "It's that easy to make a trade!" But then I check his chart, it's all blurry, and he's looking at a chart from 12 months ago! Seriously, you plan to set a TP/SL and wait a year for a trade? What happened to good ol' crypto nick and BITCOOOOOOOOOOOOOOOOOOOOOOOONNNNNNNNNNNNNNNEEEEEEEECCCCTTT!!! I took a break from all this but found some spare cash in my Coinbase, so I'm slowly getting back into trading. Mostly paper trading, but I'll risk some real cash too, cause paper trading doesn't really help you manage that urge to panic sell or throw everything in when it hits a peak at 30. Once I'm in the green, then I'll invest real money.
3 Reply Quote Share
darkviperFull Member
Posts: 112 · Reputation: 392
#2Apr 15, 2024, 11:08 AM
I think your topic suits more at the trading discussion section. However based on your title, I would say you don't need any YouTuber to explain anything to you about trading, just go to the trading discussion board and you would get all that you need about trading. NB: I don't usually encourage anyone to follow YouTube videos in terms of trading most of them are very deceitful so you must have a basic knowledge before following anything on YouTube otherwise you could be entirely lost while trying to follow them.
4 Reply Quote Share
yi3ld51Full Member
Posts: 78 · Reputation: 389
#3Apr 15, 2024, 03:44 PM
Thanks for the advice, Im pretty good at pattern recognition and not one cent would I spend on their :"Master trading course" or exclusive patrion. There used to be a philipino guy who was really good  and if you watched his video whenit first came out you could mimic his trades. I just have questions tht google cant answer like why the bollinger bands pinch before volatility or how to do little trades when the market is flat but having 5% swings to do a tp\sl. Its like I know when the market is going to move but noy up or down, also every time trump says some nonsense the markets panic and crypto unlike the early dys is tied loosely to the nyse etc...
2 Reply Quote Share
coin_sigmaLegendary
Posts: 1275 · Reputation: 5553
#4Apr 15, 2024, 06:56 PM
Who is the Filipino guy you're talking about? Actually, you don't need to pay to learn trading; there are lots of sources, not only on YouTube. Since you mention Bollinger Bands, it seems you are looking for day trading. It's risky, but if you want to learn trading, I have a few good sources to share. Check these links below. - https://github.com/SpiralDevelopment/Awesome-Crypto-Trading - https://github.com/learn-crypto-trading/learn-crypto-trading.github.io/blob/master/_posts/2019-02-05-chart-patterns.md For YouTube, try to look for Trade Prime and Smart Risk then follow them. They have a better explanation and guide on how to trade using that indicator and learn about price action and structure.
2 Reply Quote Share
bridge_atlasFull Member
Posts: 259 · Reputation: 692
#5Apr 15, 2024, 10:17 PM
Most of the YouTubers are just looking for Views, subs and people to register through their referral links. Once the channels grow big, they turn into paid influencers or shills. So you shouldn't religiously follow them, especially those who emphasize of subscribing, linking their videos and joining certain exchanges using their links for bonus You can teach your elf how to trade using other different materials available, and you don't have to rely on those YouTubers 100%. If you are so serious about it, you can even get some well polished courses from platforms like Udemy, after which you practice.
5 Reply Quote Share
GigaSatoshiFull Member
Posts: 101 · Reputation: 659
#6Apr 16, 2024, 01:12 AM
Know that learning trading is free and subscribing to YouTube cannot completely make you an expert in trading. YouTubers usually make money from subscribers, not from their trading. There are many sources that you can explore to find skills for free, such as in this forum, where members share a lot of knowledge about trading. Personally, I don't really trust YouTubers. The most important thing to remember in trading activities is to stay disciplined.
1 Reply Quote Share
lonegasFull Member
Posts: 59 · Reputation: 271
#7Apr 17, 2024, 05:57 AM
Influencers in general are going to milk their sources to get the most profit and attention - a tale old as time itself. So the best course of action is to listen to what they say, but to never take it to heart..
3 Reply Quote Share
yi3ld51Full Member
Posts: 78 · Reputation: 389
#8Apr 17, 2024, 09:30 AM
Thanks guys this gives me a jumping off point What do you think of using: bollinger bands awesome oscillator and chopindex to find trades between 12 hrs and 5 gays? I can sort of tell when something is going to happen but sometimes I think its going up instead of down. Also learning fib retrace to make quicker trades rather cut losses and make more trades then waiting longer to avoid selling low to open up more cash to trade,
2 Reply Quote Share
jake2011Full Member
Posts: 47 · Reputation: 306
#9Apr 17, 2024, 02:23 PM
It is free but there are trading mentors and some courses that are not free but might aid someone better. Youtube is free as well but subscribing it allows us to see videos in a better quality and free from ads which is still helpful. Youtubers subscribers are nothing if those subscribers won't interact on them and even if they do, I heard that the real money maker is on brand sponsorships and by selling merchs. Lots of Youtubers can be deceiving, so for us to be sure that they are not one, we can read their feedback first. Having a discipline is a strong quality to have but trading is huge, so there are other things that we must remember as well to become good at trading.
2 Reply Quote Share
bridge_atlasFull Member
Posts: 259 · Reputation: 692
#10Apr 17, 2024, 05:21 PM
Like all other indicators, they are not 100% accurate. So along with the indicators, you should employ some risk management techniques so that if a trade goes wrong, you don't eat up all your previously made profits or blow up the account. I never used chopindex before, I believe it's the same case as other indicators. Gays? typo? I haven't yet seen one indicator that gives 100% win rate after so many trades, especially on lower time frames.
2 Reply Quote Share
coin_sigmaLegendary
Posts: 1275 · Reputation: 5553
#11Apr 17, 2024, 09:49 PM
Actually, there are no indicators that will give you a 100% win rate. Any indicator must be used only to determine the current trend and only used for signals. Some people use other strategies that don't use any indicators, like sample SMC and ICT. There's also a box theory that doesn't require indicators. However, having indicators can also help for confirmation or a signal that would help you decide where to enter and where to put SL. In trading, even if you have the most accurate indicator, there's no 100% win rate. That is why risk management is the important thing you need here. Having a 50% win rate with a 1:3 risk ratio should be profitable in the long run. That's why they also recommend you always protect your capital and only risk 1% of your capital because not everyday or every week you can win there are some days that all your trades can be negative, but look at those top traders on Binance and OKX. Sometimes they say they only stick with ICT or pullback strategies, but their stats are good. With a 50% win rate, they are still profitable.
3 Reply Quote Share
cobr4404Full Member
Posts: 236 · Reputation: 772
#12Apr 19, 2024, 09:12 AM
Not a fan of both BB and oscillators since I'm not using them, but if it works for you then you should continue doing it. Like what he said, no indicator is 100% accurate. No indicator is a "magic" indicator where if you use it, your winnings would guaranteed. A set of indicators would help you that's why professional traders always use the word "CONFLUENCES" with an "S" because in order to confirm if it's a good entry or not, you need more than 1 indicator or confirmation before entering. Risk management is a must when it comes to trading but most importantly, psychology is also a big help as well. Lower time frame = more noise. Lower time frame = more fake out Lower time frame = more false breakouts. These are the reasons why I prefer trading using a higher time frame because for most, higher time frame confirmation = higher chances of it to happen. Higher time frame has more weight compared to those lower time frames.
0 Reply Quote Share

Related topics