Why do 99% of beginner traders evaporate in 3 months? Asking for a friend who is me.
Watched another demo account hero bite the dust this week. Guy posts his 500% paper gains on week 2, then ghosts after bragging about quitting his job. Shocker. Meanwhile the rest of us mortals stare at charts wondering if we accidentally signed up for financial russian roulette.
Truth is most noobs fail because they treat trading like its a casino with better lighting. They skip the part where you spend 6 months not trading just marking levels on replay, and instead yolo into every red candle because Tiktok said its a reversal. Or they leverage up to 50x because why risk 1% when you can nuke the account in one fomo short. Genius.
Then there is the psychology circus. One loss and suddenly rules are suggestions, revenge trades are the comeback plan, and the journal is just a sad diary of blown stops. Newsflash: the market doesn't care about your motivation Monday pep talk. It will humble you faster than your ex on Facebook.
Had a laugh reviewing my own first 3 months. Blew 3k chasing setups i saw on Insta, convinced i was the next prop payout king. Spoiler: i wasn't.