YouTube Bull S*** Videos

[andy28]

Fugazi: Yes that is all very true what you write, you would leave Poker tables if 90% of the players crushed the same way you did, however you can show 100 people how to play but they will always deviate from that anyway or not have the right mindset, its Not always about knowing but also executing. And while i believe it would be wrong to give away your edge it then makes Youtubers videos basically non credible by stating that what they are trying to say is the truth with nothing more to it. I just think if they was to live stream it wouldn’t make the slightest bit of difference because you wouldn’t be explaining all your secrets and what you look for, more just the proof in the pudding of actually being a winning trader without prerecording winning trades. In my opinion this is the only way to be a credible trader if you are selling courses. Peter does not really sell courses as such but gives free information which i am grateful for, i am just picking out the various others that do try and push sales pitches.

Exactly people are all wired differently. There is a thread on these forums where someone doubted Peter, and said you cant make money. So Peter talked him thru each step of a live race, even said back this horse now, and also told him when to get out and green. Went to plan trade was profitable, problem was person didn't listen to Peter and exited at the wrong time for a loss, what more can you do?

These youtubers pray on the vast majority of people who are lazy, no discipline and they don't have the right mindset. They want the get rich quick plan, those people should stick to lotto.

[Ry89]

Kai: I think you are wrong, i do care about the Credibility if i am going to purchase someone’s help vis a course or whatever… Like i stated multiple times, i can screen record all day and pick out my winning trades and then narrate over the top of that video and post winning trades on Youtube every day of the week. In reality i am a losing Trader.

[Fugazi]

Fugazi: Yes that is all very true what you write, you would leave Poker tables if 90% of the players crushed the same way you did, however you can show 100 people how to play but they will always deviate from that anyway or not have the right mindset, its Not always about knowing but also executing. And while i believe it would be wrong to give away your edge it then makes Youtubers videos basically non credible by stating that what they are trying to say is the truth with nothing more to it. I just think if they was to live stream it wouldn’t make the slightest bit of difference because you wouldn’t be explaining all your secrets and what you look for, more just the proof in the pudding of actually being a winning trader without prerecording winning trades. In my opinion this is the only way to be a credible trader if you are selling courses. Peter does not really sell courses as such but gives free information which i am grateful for, i am just picking out the various others that do try and push sales pitches.

Exactly people are all wired differently. There is a thread on these forums where someone doubted Peter, and said you cant make money. So Peter talked him thru each step of a live race, even said back this horse now, and also told him when to get out and green. Went to plan trade was profitable, problem was person didn't listen to Peter and exited at the wrong time for a loss, what more can you do?

These youtubers pray on the vast majority of people who are lazy, no discipline and they don't have the right mindset. They want the get rich quick plan, those people should stick to lotto.

Except the liquidity pool is so small, it only takes one person in 100 to truly grasp the strategy and kill the edge

Liquidity is the issue. Forex + poker infinitely more liquidity going around. And you can't (legally) automate poker to remove human error

[Dublin_Flyer]

I think the funniest Youtube BS video I saw was a few years ago.
The guy was using BA for trading something like 1.03-1.01 range on the run-in, standard pennies and steamroller job but......the orange Practice Mode banner was clearly visible in the top of the screen. Like Dude are you even trying??

[ShaunWhite]

So you're given/buy a strategy, and even manage to execute it..... what are the going to do when the edge fades, and they do?

A. Struggle, because you don't fully understand why it works, what's changed and what to change to keep it alive. So it nosedives, and you call the guy a charlatan all over social media. Or you watch a 3yo video about an edge that's already faded, and call him even worse. If you're making good money who in their right mind would get into that!

Besides I think you'll learn more from content like this https://www.youtube.com/watch?v=zBU5JA4hl1c&t=27s than trying to weed out the snake oil salesmen. Just genuine people chatting about what they do. This sort of thing won't gift you a strategy but you might start to understand how people find them.

Watch out for this shady geezer on the channel though ....https://youtu.be/RFcYf7ynh6E?si=dVk7fjqgjAvQIqU8

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[Anbell]

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[Kai]

Kai: I think you are wrong, i do care about the Credibility if i am going to purchase someone’s help vis a course or whatever… Like i stated multiple times, i can screen record all day and pick out my winning trades and then narrate over the top of that video and post winning trades on Youtube every day of the week. In reality i am a losing Trader.

It's a very common argument but a pointless discussion really, you may not see it now because you are not in a position to properly gauge your risk and reward, but you will come around eventually as well and you won't do it either. Because there is nothing in it for you unless you are actually selling services and mentorships etc, besides showcasing your trading software along with some free bonus advice.

If I am WRONG I look forward to your livestreams and adding another few arrows to my quiver, I think we all do

But if you are buying a service out there, you should absolutely demand credibility, but they'll have far less than someone who's been around since day 1 and been actively promoted by Betfair themselves.

Yes, you could cherry pick your own trades and look good on Youtube or wherever, like some already do, but experienced heads will see right through that anyway.

There is just no use peddling lies pal, that particular market is saturated enough. You could say it's almost more competitive than the real market

[tico]

Hi All,
Then there is the proposition that only betwixt 1 and 2% make a long term profit out of trading/betting/laying on BF .I know three of these Me,my mate and my mates granny(I kid you not)
Kind Regards
Tico

[ShaunWhite]

Hi All,
Then there is the proposition that only betwixt 1 and 2% make a long term profit out of trading/betting/laying on BF .I know three of these Me,my mate and my mates granny(I kid you not)
Kind Regards
Tico

Hard to say, some say 2% some say 5%.

But there's no stats on the % of people taking it seriously, or the % of people with an IQ over 100. And most Betfair users are just having leisure bets and 'long term' just isn't a consideration.

I'd say if you're smart, hard working, have the humility to accept good advice, have a bank of money that's for R&D not just money you need, and are tenacious, then you'd be nearer to a 50% chance.

[Fugazi]

Hi All,
Then there is the proposition that only betwixt 1 and 2% make a long term profit out of trading/betting/laying on BF .I know three of these Me,my mate and my mates granny(I kid you not)
Kind Regards
Tico

Hard to say, some say 2% some say 5%.

But there's no stats on the % of people taking it seriously, or the % of people with an IQ over 100. And most Betfair users are just having leisure bets and 'long term' just isn't a consideration.

I'd say if you're smart, hard working, have the humility to accept good advice, have a bank of money that's for R&D not just money you need, and are tenacious, then you'd be nearer to a 50% chance.

This

[Kai]

Eh, that sounds too intimidating for newbies, people just need balance and common sense

Too much IQ can easily be counter-productive and lead people to overthink everything, academics are notoriously bad at it

EQ over IQ any day of the week and twice on a busy Saturday

[ShaunWhite]

Eh, that sounds too intimidating for newbie.

Maybe so but no point blowing smoke up their arse, this isn't a game. It's an established industry and the competition is brutal.

Sorry but I disagree about academics, the quant field is full of them. But yeah, sitting down for 40hrs a week doing the same thing over and over again might not be their forte.

[Kai]

Sorry but I disagree

Absolutely love the fact we can respectfully disagree <3

The very last thing we’d all want is an echo chamber!

Happy holidays "Sean", I have to get back to shovelling snow

[ShaunWhite]

Sorry but I disagree

Absolutely love the fact we can respectfully disagree <3

The very last thing we’d all want is an echo chamber!

Happy holidays "Sean", I have to get back to shovelling snow

You too buddy.

I can see why guys like Paulo can live stream usefully because, and correct me if I'm wrong, but describing what you're doing during a live football match is far slower and perhaps more obvious from the pictures. Pre-race horses especially the last 5mins is swamped with signals both objective and subjective, probably looking at 4 or more selections at the same time, considering other's sentiment as well as real world events.

I can't remember how many indicators Peter says he considers but it's more than the number of herbs and spices KFC use. I can't see how you could could explain that when those are being cycled every few seconds and responding rapidly is key. You might get the general idea, but the general idea is simple anyway, it's just supply and demand.

[Kai]

I can see why guys like Paulo can live stream usefully because, and correct me if I'm wrong, but describing what you're doing during a live football match is far slower and perhaps more obvious from the pictures.

Yeah, think it just depends on the window of opportunity, everything is probably doable besides like inplay racing where the short window leaves no real time to narrate or waffle

Plus feels like the shorter the trading window the easier it is to trade, while a week long trade is probably the hardest because you have so much time to overthink Exactly like Jesse Livermore said, idly sitting on good positions seems so difficult at times.

Like, give a top class striker a split second to finish off an opportunity and he will execute on it perfectly, but give him 5 long seconds in a 1v1 and he might just do something incredibly stupid with the ball instead