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

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

Author: Anarchy Analysis and Strategy Co. June 27, 2024 Duration: 20:33

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

Most conversations about day trading are filled with promises of easy wins and complex systems that rarely deliver. Anarchy: Day Trading for Rebels takes a different path, built on the stark reality that the vast majority who try this fail. Hosts Jordan and Levi from Anarchy Analysis and Strategy Co. operate from a simple premise: if you want a different outcome, you can't follow the same advice everyone else is using. This podcast cuts through the noise surrounding forex, crypto, futures, and options to examine what actually creates sustainable results. You'll hear detailed breakdowns that challenge popular myths and a relentless focus on the foundational pillars that are often ignored-psychology, disciplined risk management, and unwavering consistency. There's a clear disdain for chasing secret indicators or paying for signals, replaced instead with practical, actionable discussions aimed at building a trader's resilience and process. It’s for those who are skeptical of the mainstream financial gurus and want a straightforward, no-nonsense dialogue about the real work involved. Tune in for a business-focused conversation that values strategic thinking over hype, designed for the entrepreneurial mind ready to question everything they've been told about the markets.
Author: Language: English Episodes: 100

Anarchy: Day Trading for Rebels
Podcast Episodes
The Perfect Trading Strategy - REPOST [not-audio_url] [/not-audio_url]

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Levi & Jordan discuss the three ingredients you need to build your own "perfect" strategy, and the pitfalls to avoid.
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We talk a lot on this show about not changing your day trading strategy. Today, Levi talks about the flip side to that concept... How to keep a trading strategy that is flexible enough to change with the shifting market.…
Flipping the Script: Why Trading More Can REDUCE Your Risk! [not-audio_url] [/not-audio_url]

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Levi unveils his latest hot take: that taking more trades can actually *reduce your risk*. While most traders are told to avoid overtrading, we break down why increasing trade frequency (when done right) can smooth out y…
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Jordan talks about his experience hyper-scalping on 15 second candles, and why you might want to try it yourself!
Befriend Your Stop Loss - REPOST [not-audio_url] [/not-audio_url]

Duration: 21:33
How can you turn your worst enemy... the stop loss... into your best friend? Levi & Jordan share tips on how to effectively use your stop loss and turn it to your advantage, and cover topics such as trailing your stop lo…
Reverse Copy Trading: Does it Work? [not-audio_url] [/not-audio_url]

Duration: 12:03
Can reverse copy trading turn losses into profits? A listener asked: if you’re a consistently losing day trader, could setting up a copy trader to take opposite trades actually make money? Jordan and Levi dive into the m…