Trading failure is underlying in the difference between Paper Trading and Real Trading. Why paper trading is so easy to succeed and inversely real trading is completely another story. So if someone can manage or can make his/her emotion for real trading the same way as in paper trading then the success is almost guaranteed. Should a wrong trade be felt as only a wrong trade and nothing else like money-losing feeling. As well as should the winning trade be felt as uniquely as a winning trade and nothing else like can buy this and that stuff.
We agree with "Nope." Most traders fail because they quit before they find success. Alot of traders start trading to make a quick buck, but in reality, they lose. That takes an emotional toll on most people, who eventually quit. To be successful in trading, you need to have a plan. In addition, you need to have the right trading partner to make sure you are following that plan. Anyone can create a plan, but not many can follow one. The successful traders do.
The main reason traders fail is due to emotion. Not cutting their losers short and not letting their profits run. That's why people when they start trading shouldn't just jump in with both feet. It is a good idea to work with a broker for atleast a couple of months so you can get help with setting up a trading plan.