A new trader looks at the market and feels they can snatch profits with no experience. And true at the start they can get lucky, then they start losing and the game changes real quick. It takes approximately 10,000 hours of practice and study to become skilled at something,
Conversation
My very first trade was +300% in less than 5 minutes. Halt, go, halt, go. Haha. It took months to get another 100% or more trade. But now doing it right with the past 6 months of learning.
1
"It takes 10,000 hours to achieve mastery of something" traders can become profitable long before that and studies show the quality of their education is the biggest variable.
Learning charts is the easier part...controlling emotions isn't...then the market is about difference in opinions so...