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
How Caring is Making You Fail [not-audio_url] [/not-audio_url]

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Levi & Jordan talk about how to regulate your emotions... specifically, caring too much. How do you avoid getting married to a trade, and fostering a "stoic" attitude to trading? Listen to find out!
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If you're starting to day trade it can be incredibly confusing, with a ton of conflicting advice. Levi breaks down the top things you should know as a beginner, and gives a plan of attack for someone looking to become a…
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Levi & Jordan talk about hindsight, and how embracing uncertainty is a superpower that will unlock your full potential.
Top Day Trading Advice We'd Tell Our Younger Selves [not-audio_url] [/not-audio_url]

Duration: 13:24
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 gain some insight as…
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Duration: 14:26
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 to made the adjustme…
3 Ways to Adjust to Changing Markets (or Consistent Losses) [not-audio_url] [/not-audio_url]

Duration: 15:49
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 changed, or you've just g…
Defining Success: What "Winning" Really Means in Day Trading - REPOST [not-audio_url] [/not-audio_url]

Duration: 13:38
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 they uncover the truth…
JUST DO IT!: How to Win at Day Trading [not-audio_url] [/not-audio_url]

Duration: 12:16
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 further than ever b…