I'm sure not all traders will agree with me but some could possibly be on my side...
Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
I disagree with you on some points. From my experience trading in a couple of years, having the right knowledge is important for trading. Many people think the risk is about losing money, but it's not just that. With the right knowledge, you can reduce some risks and improve quickly. The real risk is not taking the chance to learn from an experienced trader. Some people are hesitant to invest in learning because they're afraid of being scammed.
You should know that there are two types of traders who get tired of trading. One is the trader who has been doing things wrong for years and eventually gives up. The other is the successful trader who has mastered the market and gets tired because there's nothing new to challenge them, leading to his own retirement. There's a big difference between the two.
Acquiring trading knowledge is something that you do need up to put up some time and focus into specially if you are that serious on learning it on the first place on which means that needing to put up effort and time to be spend up so that you will be able to have that kind of perseverance on learning up things accordingly. Trading isnt a lifetime job but once you do able to learn up such skills then it will be that opening up the opportunity that you can changed up your life forever in terms of financial aspect or freedom. We do know that on the time or moment that you do able to make yourself having that kind skills then you can definitely be having the chance to make money on how the market moves or how it do behaves on which since you do able to obtain a specific skills then you do know on what you should gonna do and make advantage out of it. There are just that those moments that you do feel like on giving up because of having tons of loses.
Learning up this skills is never been that easy and it does take up a lot of time. There are people that instead on having that having a day job but still considers on making trading as their side hustle on which learning while they are still having a job because they are that optimistic that one day that once they can be able to handle up and succeed out and will be able to achieve that financial freedom on which we know that this is what most people that targeting into or trying out to achieve and this is where people are optimistic on what they are seeing specially on trading opportunity or chances too.