Do you believe that? I hope this caution new traders that are opportune to read it.
OP, I once read about the 90 rule that beginners did in the crypto trading, I took points about the rule, the article you posted also mentioned.
For example:
Reasons Behind the Rule
Several factors contribute to the high failure rate among new traders:
1. Lack of Education:
2. Emotional Trading:
3. Lack of a Solid Plan:
4. Overleveraging:
5. Unrealistic Expectations:
In my understanding, it is not a rule, the right language written is a factor or cause of losses for beginners who trade in the market without having understanding and knowledge as in the quote above.
But or maybe that's a cool language for newcomers who want to do trade, it is actually more directed to the warnings and risks that will occur in trading activities, basically: Whatever we do we must have a few points such as education/learn the risks that will occur from small to large, understand the risk of automatically understand the benefits in trade.