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

Anarchy Day Trading

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