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yes, on top of that I noticed that some youtubers that looked "serious" and respectable to me, now they include meme stuff to adopt the ticktock style. This is insane...and it's even affecting me, since I got bombarded with youtube shorts I end up perceiving a 10m candle as a 2 hours candle. My perception of time is being affected.
Can you help answer these questions from other members on NexusFi?
I follow this guy here: [yt]https://www.youtube.com/@thealgotrader212[/yt]
He's the only trader I've found that kills it trading the NQ
and he doesn't sell courses.
I checked him out. He seems to use lots of indicators but doesnt say they are for sale. I suspect he is selling custom indicators. Right? Or is he generously providing them free for other traders.
From having watched the Algotrader live for months now, he seems to showcase a variety of tools (indicators), all designed for different purposes. But I know for a fact he doesn't sell anything or do any custom coding for anyone (he's mentioned it before on his lives). His focus seems more on algorithmic trading using AI. But the strategies he features seem robust for what he trades. He's an interesting dude, that's for sure!
Here's what I mean by robust strategies....(this is from yesterday):
I have no clue how one would classify them without really knowing what's under the hood. Some appear to behave like stochastics, but on others I can't really tell.
You mentioned that he "doesn't sell anything", but I turn your attention to the following that accompanies his YT video:
"Get the edge you need to succeed in today's markets with our powerful AI-powered trading strategies. Our algorithms go beyond the limitations of traditional indicators, identifying trends and predicting entry and exit points that would otherwise go undetected. Don't be left in the dust – join the ranks of top traders with our advanced technology."
Does he give these algos away for free!
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
Ah yeah, he did mentioned that on his last live that beginning this year he was planning to stream the six strategies aimed at swing traders. These are on the Daily time frame. Totally new from last year. He said he put them out there to get feedback on what people thought of the technology. I'm not sure how long he plans to stream it free, but my guess is not too long as he did mention it targets an audience different than what he normally streams which is the NQ. There is a Patreon account setup for that, but my interest is watching him trade the NQ and not so much the longer time frames.
With just a little effort, I went from this YouTube video to his web site, where he offers subscriptions for a monthly payment. I didn't bother looking to see if there is any other paid service or product bring sold. You really could tell from the YouTube that he's going to be selling something. Which he is.
Now, this doesn't mean that he's not any good. I have no idea, not having sampled his wares. But it's important not to accept things at face value. It is also not necessarily a sign that something is not legitimate just because it comes at a cost. But people don't give away valuable things that take them some effort to present to other people, as in a well-produced YouTube channel, just because it's their hobby. Nor should anyone expect them to, of course, but it's always a case of "let the buyer beware" -- and even more so if the prospective buyer doesn't know that they are in fact a potential buyer who is being pitched to. A sales prospect.
Anyone who is interested in a vendor (to use the right term for this guy) is free to try out what is being offered, and it may even work out. Just be aware that you are on the receiving end of a sales effort, and that if they didn't think it would pay off for them in more sales, they wouldn't be doing it.
So just be careful.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote