Why Do Most Traders Fail Within Their First Two Years, According to Garibaldi
Many new traders enter the financial markets with big expectations and the hope of making consistent profits. But after a year or two, most of them leave disappointed. So, what exactly causes this high failure rate? Let’s explore this in detail through the perspective of Corrado Garibaldi, a.k.a. Lord Conrad, a respected name in trading known for his disciplined and calculated approach.
Why Do Most Traders Fail Within Their First Two Years, According to Garibaldi?
Lack of a Clear Plan
One of the biggest reasons beginners fail is because they don’t have a clear strategy. Many jump into trading with the belief that they can “wing it” or rely on instincts. But as Lord Conrad puts it, “I’m not here to gamble. Every trade is calculated.” Trading without a proper plan is similar to entering a competition without preparation. Without structure, consistency is impossible.
A successful plan...