Most people start trading the markets lured by the prospect of making easy money. But anyone with experience will agree that the stock markets are probably the toughest place to make easy money. You need to have a decent strategy, and it needs to keep evolving over time to stay profitable over hundreds of trades. Each trade is a test of your emotions. You need to keep your greed, fear, and pride in check to ensure you make more on winning trades and lose less when you’re wrong, accommodate the very high trading & impact costs, and so on.
As you’d imagine, only very few who start trading, succeed, just like people starting any other new business venture. To illustrate, for every successful restaurant around you, there are probably a hundred others who end up shutting down. Similarly, for every consistently profitable trader, there are hundreds who go bust. What makes trading riskier is that it has a very low entry barrier. Anyone can get started trading, unlike setting up a business, a process that requires a lot of effort.
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