I have been in the markets for almost 8 years and have seen my own fair share of failures and success. I personally have lost A LOT of money in my first couple of years and have had some VERY succesfull weeks.
I also have had the privilege to work with many type of traders from all different back grounds and experience levels. I always love chatting with other trades about the markets to see their own perspective and to learn.
Most newbie trades fail because of the simple things, the core fundamentals and principles that they ignore from day 1. For example, risk/reward. I cant even begin to count all the traders I have talked to that dont even consider this. They dont have any risk/reward system built into their strategy and just continue to fail over and over again.
This is one of the main topics I speak about in my 1on1 program, understanding the strategy your trading and WHY it WILL work out in your favor in the long run BECAUSE OF RISK REWARD!
This is just one of the many reasons why a newbie traders will continuasly fail.
If anyone would like to chat further, as always feel free to add me to Skype or shoot me an email.