Trading is one of the most rewarding, challenging, and to be honest, one of the loneliest pursuits you can undertake.
You’re sitting at your desk, staring at charts, making split-second decisions, and sometimes wrestling with self-doubt.
Sound familiar?
That’s where a trading mentor comes in.
Before starting my trading career, I opened my own business at the age of 20…
And boy, did I not know a thing! Thank goodness I had people at the time to guide me on my way.
My CPA, my insurance guy, and my banker were my mentors!
Often, I would find myself lost, and they would say something like, “Relax, Tim. We’ve seen this before, and this is what you should do.”
I owe so much to those people!
Eventually, I sold that business, which is still successful by the way, and got into trading.
And now I’m here to mentor all of you. I’ve been around the block, and I’ve seen the good and the bad.
My job is to guide you when the markets are booming, like right now…
And during the not-so-booming times…
For example, when we experienced a slowdown in the middle of December, I told my Daily Income Trader and StocksToTrade Advisory members to calm down, trade less or not at all, and know that the lull would eventually end.
I had been in this situation so many times before and I knew that it would take just one stock to reignite the markets…
Table of Contents
Why a Trading Mentor Matters
Having a mentor isn’t just about having someone to guide you—it’s about dramatically accelerating your learning curve.
Would you rather spend years making costly mistakes or learn from someone who’s already been through the trenches?
A mentor is someone who’s made their own blunders, learned the lessons, and found success in trading.
They’ve faced the same challenges you’re facing right now—whether it’s blowing up an account, struggling with FOMO, or figuring out how to manage risk.
Here’s what a good mentor does for you:
Shortens the Learning Curve: Instead of learning everything the hard way, you can avoid common pitfalls by following their guidance.
Provides Accountability: It’s easy to slack off when no one’s watching. A mentor holds you accountable to your goals and trading plan.
Shares Real-World Experience: Books and online courses are great, but nothing compares to insights from someone who’s lived it.
Believe me, I’ve lived it and some of the most valuable advice I give comes from my own experiences. I have no shame in sharing my tough times!
How to Find the Right Mentor
Not all mentors are created equal. Some are seasoned pros with decades of experience, while others might be a step or two ahead of where you are now. Both types can be valuable, but the key is finding someone who fits your needs.
Here’s what to look for:
A Proven Track Record: Does this person have consistent success in the markets?
Teaching Ability: Can they break down concepts and explain things in plain English so it makes sense to you?
Aligned Values: Do they trade in a way that aligns with your goals and risk tolerance?
And speaking of risk tolerance, a good mentor should stress that risk management is one of the most essential pieces of your trading strategy.
Accessibility: Are they available to answer questions and provide feedback when you need it?
I’m here every single day, and even many weekends, for live training, webinars, and more.
One great example is my Premarket Prep: I go live every trading day before the market opens to show you trade setups and answer questions so you can be totally ready for the day ahead.
Premarket Prep is part of my Daily Income Trader System.
As a subscriber, you also get four other daily webinars, access to our proprietary trading tools, and much more…
Check out Daily Income Trader here to see if it’s a good fit for you.
Make the Most of Your Mentorship
A mentor can only do so much—you have to meet them halfway.
Here’s how to make sure you’re getting the most out of the relationship:
Be Coachable: Leave your ego at the door. If you’re not willing to listen and learn, even the best mentor can’t help you.
Put in the Work: A mentor can guide you, but they can’t trade for you. Apply what you learn and track your progress.
Check out my video to learn how to create a trade journal.
Ask Questions: Don’t be afraid to speak up. The more you ask, the more you’ll learn.
Be Patient: Success doesn’t happen overnight. Trust the process and give yourself time to grow.
My Final Thoughts…
Whether you’re just starting out or looking to take your trading to the next level, finding the right mentor can save you years of frustration and thousands of dollars in mistakes.
Ask yourself, who’s guiding you on this journey?
If you don’t have a mentor yet, start looking.
A great place to start is through our StocksToTrade community.
We have tons of free live webinars.
They run all day and offer trading tips and tricks, info on our Oracle trading system, and other valuable training.
As I always say, trading is a marathon, not a sprint. But with the right mentor, you’ll run that race a whole lot faster.
And for additional trading mentorship, stock ideas, and more, subscribe to my StocksToTrade Advisory service.
Every STT Advisory member gets a monthly newsletter with a list of my top picks, three weekly videos with my watchlists, bonus reports, and more.
Sign up for StocksToTrade Advisory right here!
Have a great day, everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade