i am a mentor already big time.. in fact there are several here on this forum all working behind the scenes to help worthy traders. what's kool is one of the traders i mentored is now mentoring... everyone should have a mentor if they are serious about trading.
The whole educational industry for retail trading is designed to promote wealth transfer from the uninformed to the informed.
They fail because they buy losers and sell winners! Most important wordz you need to know as a trader (because you will use them often):
I suppose everyone have heard of the book "Reminiscences of A stock operator" by Edwin Lefevre. It's free here. Reminiscences of a Stock operator Please read Chapter 12 about getting the market to pay for the fur coat. It's very similar to Jack Schwager's The New Market Wizards - Zen and the Art of Trading. "In trading, just as in archery, whenever there is effort, force, straining, snuggling, or trying, it's wrong. You're out of sync; you're out of harmony with the market. The perfect trade is one that requires no effort." Now, is trading easy ?
Mind, Method and Money Management New traders fail in all three areas. Experienced traders can fail in just of one of those areas and still fail overall. You have to do almost everything right to succeed over the long run.
people fail because they are human. So much of successful day trading requires us to go 100% counter to our human tendencies and urges. it is like we must become non-human to succeed.