The 10% Myth and the Importance of Mentorship

You’ve probably heard that 10% of traders make money. Let’s go with that number—it’s not entirely wrong. But what gets left out is the role of time. Anyone can have a good quarter if they get lucky and hit a big trade. But when you look at the long game, those numbers drop sharply. Only a tiny fraction of traders—maybe 1%—sustain success over a decade or more.

Being in that 1% doesn’t mean you’re raking in millions. It just means you’ve learned to trade consistently. There are only a few "premier league" traders, and below them is a smaller group that earns steadily but doesn’t make headlines. Below that is where most traders live—trying, struggling, and battling with psychology. What’s sad is that half of these traders could probably make it with the right mentoring.

So, what does good mentoring look like? It’s not about teaching you technical stuff. In fact, if you’re still focused on technicals, you’re probably early in your journey. The best mentors give reassurance and guidance. They help you face the psychological challenges of trading—doubt, fear, and the need for certainty.

If you could sit in an office with a top trader who genuinely cared about your success, imagine how that would feel. That’s the kind of mentor you need—someone who gives you confidence and helps you navigate the tough times.