A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are
- starting a YouTube channel and making money of
a) affiliate program
b) YouTube ads
- Having a paid course.
- Trading signals
- Selling trading merch
- impressions
- and others.
The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.
The biggest warning signals are always that these "traders" act more like influencers than actual traders. They show off their lambo (probably leased) and their watches and other luxury items (also obviously leased). And people look at them and think they know what they are doing when in reality, they are just making money off of paid courses, signals or other things as you have mentioned in your list.
I do not think anyone can learn anything from them. Although there are also good traders, but they are hard to spot to the untrained eye.
Smile.. You've so perfectly analyzed those acclaimed traders trying to sell their trading course or signals. They're the ones acting like celebrities on YouTube.
While trading is a lucrative endeavor, those who profit from trading often don't have the time trying to beg others to buy their trading course. Hahaha. . It took me weeks of checks on Bitget elite copy trader's profile before deciding who's trades to mirror. Eventually when I decided, I didn't go for those on the top list. I went for the one with fewer trade that are followed by very few.