Post
Topic
Board Trading Discussion
Re: The Illusion of Trading Success
by
Cookdata
on 02/05/2024, 19:31:07 UTC
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.

Before the month of March, I was engaging myself some scalping of sol/usdt and ftm/usdt due to the liquidity and trend going on with the coins and then I remember I had some telegram group I joined in the last bullrun to compare some chart with my technical analysis and I was surprised how some of these groups where abandoned, seems the real owner change mind from trading and scammers where just posting nonsense and Vip groups. I knew I was done and I left the groups.

There were some of them that would share gains from special groups, they call it paid group but what they do is that they don't share the real PNL screenshot from their trade, they just would just forward some shitty write up as profits to convince others in the general group and I'm very sure that there will be some scumbag and greedy people that would actually fall for them.

Instagram is the worst of them, you see fleet of cars and many decorated house, only an ignorant person from a family that is not well fed will believe such images, too good to be true.