Correct, that's why we always see hodlers making much mor money than day traders that too with peace of mind because day traders have the pressure to make certain profit which triggers then to buy even during the losing days or red days and the same is not the case with hodlers. The day people realize it's not a get rich quick scheme they will limit heir failures but unfortunately people still think it's like gambling and that's why they end up losing it.
I mean, trading is also game of odd just like gambling, but in a way I agree, some people are reckless in their trades and as a result, consistent loss.
sometime when I trade on altcoin, I also contemplate whether it's just better to hold bitcoin or trading, because seeing from the market price action alone a bitcoin holder already making easy 4x profit possibly 5x at ATH.
now so many altcoin traders are getting liquidated according to coinglass data some also stuck waiting the price to climb up.
it just seems like trading is far inferior in term of profitability compared to just holding.