There's no data but there would be no mentoring if trading was simple. However in my opinion 95% of people are not suited to trading, as they cannot get a handle on risk. A mentor would figure this out in a heartbeat and save 90% of the people here a lot of heartache!
It is too bad there is no data but I guess that of the 5% who are successful the majority figured it out on their own. From what I gather here on ET there aren't too many that were mentored. I agree that a good percentage are not suited to trading but I believe that also applies to any endeavour where you have to take responsibility for your own actions, like running a small business.
Could you give some concrete examples of the contamination. Erroneous ideas taught by those trading coaches you mentioned. I am not asking for names of the coaches just erroneous ideas and concepts that contaminated your mind.
If you pay me to mentor and if I am in the mentoring business, why would I tell 90% of my mentees to quit and losing my businesses?
it would take ten seconds to out someone who manages 100 billion. There’s like 6 people in the world who have autonomy to do that.
Chances are it needs to be taken out and shot anyway. Never really understood why posters were reluctant to share a plan that wasn't working. Afraid someone might steal it I guess.