I'm thinking that the high failure rate among retail traders can largely be attributed to the following. -There is so much going on in the world at any given moment, that it becomes impossible to keep up with it. There is literally more news coming out at any given minute than one could even hope to read. The news doesn't even need to be relevant to have an effect. Nearly anything can have an effect on market sentiment. This makes otherwise clear market trends look like random nonsense. Price action trading seems simple enough until one has to take into account the 500 different things that just happened in the span of 15 minutes. It appears very important to reduce the number of variables that affect an asset's price. Hopefully someone else has tackled this problem. I just don't want some random irrelevant bullshit from South Korea or whatever to give me a hard time. Thanks.