I taught plenty of trading students online. Therefore, I can tell from experience that not even half of them have what it takes to become a profitable trader. I've seen students come and go. And I'm not even imposing my trading style on them, but instead, communicate the nature of price action to put them in the position of developing their own strategy that fits their personality. Here are the main factors that lack in them: Dedication: Something that disturbs me personally because I am a very ambitious and dedicated person myself. On some days they simply do not show up and obviously miss out on great opportunities. And when they finally find some time to trade, they get caught in a range. "I knew it, it happens all the time, trading is not for me." Patience: Other students have difficulties in holding a position for more than a few hours, or even days. This of course puts them in the dilemma of where and when to position themselves again in the very same trend. They buy again higher and higher in an uptrend, or lower and lower in a downtrend, than simply sticking with a profitable position in the first place. "The market behaved strangely, it lacked volume, I didn't trust the move, no one went broke taking a profit." Trust: They question everything, which can be healthy to only a certain degree. At some point, it simply gets distracting because at every small move against them, they start to close out, reverse, reverse again, repeatedly. "I had a terrible day, I shouldn't have done anything, everything would have been fine." [/list=1] I assert that a mentor can increase chances of success, but people will still fail most of the times. Thought I'd share.