Yup, read, learn, acquire knowledge and experiences to be able to create plans on how to apy the knowledge you have in creating investment or trading plans. This is what most newbies ignore a lot which lead to suffering tons of losses before learning the hard way. While others still strive, most just give up and talk crap about this industry just because they suffered losses. But hey, that's just how it is some people are just not applicable for this industry. Oh well, what it all comes down to in the end is a person's interest and how strong it is. If the interest is strong enough, one will either study more to gain a better edge or still persevere regardless of losses.