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
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.
Trading can severely take a toll on your mental health especially during protracted bear markets when it feels like everything is going bad. The constant pressure and uncertainty undoubtedly make it less fun over time and with all the scams and even huge exchanges getting hacked or collapsing it’s hard to totally trust the system. I think a lot of people start trading with excitement but only a handful can take the long term stress.
That's why it is very important to understand trading first before going into it, because trading can't be predicted. When people don't understand it well and expect too much from trading, it can be very stressful. Having a good understanding of trading will help one manage risk and trade with an amount that can be afforded to lose.
There is no guarantee of making a profit on every trade; anything can happen in the market that will lead to a loss. I would say a lot of people start trading with poor understanding and expect too much from it.