Lack Of Proper Trading Education
A wise man once said " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so called (money multipler groups).
In some cases I don't think that it has to do with lack of proper education. I think anyone that wants to learn about trading will always find articles that talks about it, they are everywhere and a search on Google will bring them all up, so that's not really a problem these days. The main problem is that some of them no matter how much they learn it, they still won't understand it. Some of them spend time learning technical analysis and after all that, they still don't get it and end up losing when they try to trade. It can be very frustrating in this case. And some of them don't have patience, and they don't know how to manage their risks.
If we keenly notice that trading requires something more than just education; it might be proper experiences and utilizing it at right times. Because most traders are good in learning process but too poor while applying it in markets and the same applicable for their experiences as well.