When I was in the university, I had lots of friends who claimed they were traders then. Now, alot of them have dumped trading for other jobs. I had an interaction with one of them to know why he quit, according to him, trading was not really what he thought it was. He was losing alot along with the restlessness and emotional stress he had to deal with.
Many traders now are like him. What truly proves that one is a real trader is consistency. Those who have been consistent for years are those I call real traders. Some traders who call themselves professionals are not really profitable from trading.
Obviously yes. We have all faced losses in trading at some point of time and experience consequent losses.
We have to learn from our mistakes and try not to repeat them to become a successful trader.
The truth is that only few people are able to achieve that while many others lose their patience and keep experiencing losses until they quit.
Exactly, trading is obviously not for everyone. For those individuals with genuine intentions to really get it right with trading but everything seems like they are chasing shadows, it is okay for them to take a break to figure out their lives. Losses can be draining at times, when it becomes consistent, it can be mentally exhausting. Patience might now be neccessary in a situation like this. This whole situation explains why most traders don't rely on trading alone.