There are 5 Reasons.
They become obsessed with the indicators, rather than understanding price action and market structure.
They want to become rich quick, Instead of on a long-term growth.
They gamble with oversized positions in hopes of huge profits, rather than following proper risk management.
They underestimate the complexity of trading and assume that it is simple not being ready for many years of practicing and losses.
They trade without stop loss and in case of being wrong, They keep holding their positions praying about a market reversal.
