Misconceptions and the hearsay that they've heard about the business/investment, so instead of taking time to learn things they just push their ways and start their journey, most of those who lean with luck ended up losing a lot, and the experienced that they've got push them away to this venue, it's very important to know the basic and along the way start improving yourself in terms of this investment.
You are correct in that there are a lot of people that go into trading without approaching it as a skill based pursuit. They use chance and feel, rather than adequate enlightenment and plans, which make it gambling. Trading is about discipline, patience and a constant process of learning yet most ignore the step by step doing and run out of money.
Well said, that first mistake you might make as a beginner trader is thinking that trading is based on chance and luck like gambling , approaching trading with such mindset alone can be very damaging. Trading is a skill and there are certain informations that can be used to ensure that every decision you make is precise and not based on trying to get lucky. For you to gain profit from it you need to know what you are doing
This kind of wrong thinking should definitely be abandoned, if you have such an idea about trading and gambling, that trading is like gambling, then nothing can be expected from it but just only losses. The biggest strength of a new trader is his willingness to learn and the mentality of learning from mistakes, when a new trader can learn trading deeply with such a correct mentality from the very beginning, and can learn trading realistically without being emotional, then at some point he will definitely be able to achieve complete proficiency in trading. Here, not luck but experience, research and strategy are the real weapons, so these have to be achieved, only then is it possible to succeed.