Hmm, Good piece of advice, but in my view you cant be profitable in any strategy or by using any tip if you are not good at compounding and Risk management. Some people just ignore it as they know what Stop loss is and how and when to execute the trade, but risk management is the game changer in my view.
Imagine you are using a 2:2 trading setup, believe me the chances of being successful here are too narrow you need to know that n order to be portable you need to win in 1/2+1 trades and the profit won't be called as profit haha as 2% wth is that.
I strongly agree with you, I personally use to advice traders that there best bet in been profitable is to have a very good risk management and to strictly adhere to the risk management, it is this lack of strict adherence that make many people to lose all there funds in a one trade after been profitable in many others. Take for example someone who has a capital of $1k and only risks $100 in each trade will need like 10 straight losses before they get liquidated, and personally I doubt this happen.
As for the types of trades to take I will personally say high priority trades are traders with 1:3 plus anything below this isn’t something I prefer to trade. But for example trading 1:2 also will most definitely take your liquidation price higher. Imagine hitting two stop losses and one take profit with a 1:3 trade you will still be in profit.
What makes you think trading mentor is important? Are you a trading mentor? Or trading mentor taught you and you are very good in trading?
Trading mentor can lead to scam. Newbie traders are new and they do not know anything about trading at all, so someone that is a loser can be their mentor and teach them how to lose money.
Nothing is bad in actually seeking mentorship but seriously the way mentorships are been run this days isn’t worth. A good mentor can be your forever guide to success in trading as you will easily get to learn things faster with someone guiding you from experience but this mentor’s today just set up academies to milk their mentees and end up impacting nothing other than basics that can be learned on YouTube. Also mentees also focus on their mentors life style and most of them get this bad narrative that they can easily make it after the mentorship class which is why many give up when things don’t go there way