Top Reasons Why Most Beginner Traders Fail

Biggest reason people fail is they are either to lazy to study it properly themselves; or spend all their energy learning systems and listening to everyone else's opinion on anything. Instead of making their own strategy and forming their own opinions. Once you form your own opinions you can learn from your mistakes, until then you are the blind being lead by the blind (at least people who have no interest in showing you properly)

In fact if you're not able to backtest , for a number of reasons, your strategy with various risk profiles in the long run you will not know what you're likely to expect.
I think many traders talk about risking 1% because they think they have a super strong edge, like they can make money scalping, in reality they just overtrade and they're going to blow the account as fast as someone who use martingale or no stop loss at all.

recently I wrote a negative post about "no stop loss".. well it was bs, sry about that. if you have an edge that's a good way to maximize returns.

From all reason I think emotions are the first and foremost, actually we could not control emotions completely. But if we can be disciplined, emotions and greed can be controlled by us.

You need to understand that if you wanna become successful, you need to have a proper control on your emotions, thus you need to have lots and lots of knowledge and experience and skills.

I don’t think failing is anything that bad, as anyone can fail, but it’s about learning from it and taking lessons. As long as we are learning from our mistakes and working through strategy then we will always do well. I for one at least trade without fear and few losses here or there are very much okay for me and doesn’t trouble me much. I am forever ready to correct my mistakes given I know the importance of them.