Why We Don't Coach: 'Gurus Are Lying to You' Revisited

Why We Don't Coach: 'Gurus Are Lying to You' Revisited

Revisiting our first ever episode, we discuss why finding a good day trading mentor is nearly impossible, why we don't offer coaching ourselves, and the alternative strategy that every beginning trader should take instead.


Key Takeaways:

  1. The math behind the entire coaching business is flawed. To be an honest coach, one must be successful, but for most successful traders, coaching is no longer necessary and not a good use of time.
  2. There is a very small population of traders who CAN coach. Those who are profitable, but not yet too profitable to the point where it stops making sense.
  3. Since trading is discretionary and based on intuition, a mentor can only point you to the correct path. They can't offer you a plug and play system because they don't exist. This reduces the amount of money they should be able to honestly charge.
  4. Finding a trading buddy has been far more helpful to us than a mentor.


Conclusion: Save your money and don't spend it on a coach. Find an accountability partner who you can go through your trading journey with side by side. The math of the trading guru world simply doesn't add up most of the time, and most successful traders disappear. They're not trying to push some $20 indicator.


Resources:

  1. Episode on accountability: https://open.spotify.com/episode/7hB5Khiqdu5hUePenBQmfu?si=gwMhTBxrQHWQky5JXzot1g
  2. Iman Trading: https://www.youtube.com/@ImanTrading
  3. GuruLeaks on Twitter: @GuruLeaks1


Socials:

  1. Website: www.Anarchytrading.com
  2. Twitter: @Anarchytrading
  3. YouTube: @Anarchytrading

Episoder(165)

Trading Groups, Copy Trading, and Discord - Does Trading With Others Hurt or Help?

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Why There are so Many Trading Strategies... and How to Pick Yours

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The Mindset That Created a Million Dollar Trading Business (Feat. Casey Stubbs)

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26 Feb 202424min

How to NOT Miss Opportunities

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Levi & Jordan talk about the costs of NOT taking trades you know you should. Learn about "Type 2" errors, how they are killing your profits, and what to do about it.

22 Feb 202413min

Futures: The Future of Day Trading?

Futures: The Future of Day Trading?

With all of the drama surrounding prop firms, especially for American traders, Levi & Jordan discuss an an alternative to CFD & Forex trading: Futures. Come along with us as we discuss what futures a...

19 Feb 202415min

Day Trading for Dummies (feat. Annie Logue) - Part 2

Day Trading for Dummies (feat. Annie Logue) - Part 2

In the second part of our interview with "Day Trading for Dummies" writer Annie Logue, we talk about the future of day trading and AI, how to avoid being a gambler, and what separates the successful f...

12 Feb 202424min

Writer of 'Day Trading for Dummies' Tells All (feat. Annie Logue) - Part 1

Writer of 'Day Trading for Dummies' Tells All (feat. Annie Logue) - Part 1

GIVEAWAY! Share this episode and enter to win a signed copy of 'Day Trading for Dummies'. Send an email to contact@anarchytrading.com or DM to @anarchytrading on X. We're joined by Annie Logue, writer...

8 Feb 202423min

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