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

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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

You're Closer Than You Think... Keep Going!

You're Closer Than You Think... Keep Going!

Levi & Jordan offer some encouragement and give reasons why you may be closer to success than you think!

5 Feb 202412min

Prop Firms Continue Dying - Are They Still Useful?

Prop Firms Continue Dying - Are They Still Useful?

Levi has yet another prop firm (trueforexfunds) die underneath him, so we discuss the main problems plaguing the prop firm space, major concerns to be aware of, and if there are still any good prop fi...

1 Feb 202419min

3 Trading Lessons We've Learned from Football

3 Trading Lessons We've Learned from Football

American football playoffs are here, and the final two teams are advancing to the Super Bowl. Levi & Jordan share 3 lessons they've learned from football that you can apply to your trading, so you can...

29 Jan 202416min

How This Vice is Ruining Your Trading

How This Vice is Ruining Your Trading

Discover why one of the 7 deadly sins can destroy your chances to be a successful trader, and may be the root cause for a lot of your issues. Hint: it's NOT greed!

22 Jan 202411min

Should You Ever Give Up?!

Should You Ever Give Up?!

Trading is brutal. What are some tools to use to avoid giving up when things get hard? Also, how can you know WHEN to give up? Is there ever a time when you should just move on? Join us to find out!

18 Jan 202419min

Trading the News: Quick Money or Novice Trap?

Trading the News: Quick Money or Novice Trap?

Can trading the news be a good long-term strategy? We discuss the pros and cons, and give you a clearer picture of how to associate with the news in your trading day.

15 Jan 202414min

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