Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth.
This is true. Many of them think that trading is their way to become rich, while there's half truth to it and it did happened to some. But if they have that mindset and they want to do it on a shortcut, they've got the wrong mindset about it. The earlier an unprofitable trader realizes that it's not for them, they have an option to continue if they want to stick to the market. It's no longer about trading but investing.
The worst part about this, they think trading is a do or die thing. They are heavily focused on their greed, on their getting rich quick era, that they don’t even think that even investing alone can still make them highly profitable in the long run.
Traders like these are not real good traders. They just pretend to actually make a reliable trade, but they know deep in their hearts that they are losing, that they are actually not capable to sustain successful and profitable trades.