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(161)

Top Day Trading Advice We'd Tell Our Younger Selves

Top Day Trading Advice We'd Tell Our Younger Selves

If you could go back one year in your life and give yourself advice, what would it be? In today's episode, Jordan and Levi share their top tips to their younger, more stupid selves, and hope you can g...

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From Beginner to Advanced: How to Quickly Progress in Your Trading

From Beginner to Advanced: How to Quickly Progress in Your Trading

There are many activities you take when you're a beginner trader that while helpful, can actually HURT you as you become more advanced. Levi & Jordan talk about what some of those things are, and how ...

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3 Ways to Adjust to Changing Markets (or Consistent Losses)

3 Ways to Adjust to Changing Markets (or Consistent Losses)

If you've ever traded well for months and then suddenly couldn't figure out how to make a single winning trade, this episode is for you! Jordan and Levi discuss how to adjust when the market has chang...

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Defining Success: What "Winning" Really Means in Day Trading - REPOST

Defining Success: What "Winning" Really Means in Day Trading - REPOST

If you've ever heard the get-rich-quick gurus online selling their courses, you might be tempted to think you're way behind the curve in your day trading journey. But are you? Join Levi & Jordan as th...

26 Aug 202413min

JUST DO IT!: How to Win at Day Trading

JUST DO IT!: How to Win at Day Trading

It's the most famous brand motto of all time... and it's a critical message for day traders to take to heart. Listen as Levi talks about how this tag line has been transforming and pushing his trading...

19 Aug 202412min

Trading Psychology is Your Missing Puzzle Piece - REPOST

Trading Psychology is Your Missing Puzzle Piece - REPOST

Trading is a mental game. But how do you play that game? Are you missing out on the secret to trading success? Join us in this rerun of one of our top hits to find out!

12 Aug 202417min

Taking the Opposite of Your Losing Trades

Taking the Opposite of Your Losing Trades

If you've been trading for any amount of time, you've probably strung together a ton of losses... you are more consistent at losing than you are at winning. So, can you just take the opposite of these...

5 Aug 202416min

How to Take Advantage of Your Losses

How to Take Advantage of Your Losses

Levi blew his funded accounts! Pain. Listen to learn some valuable lessons on how to take advantage of your losses, and how to get back up.

29 Jul 202410min

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