🔎 Why Traders Fail

  • Oversizing positions to hit a profit target quickly, which turns a normal losing streak into a breached drawdown.
  • Ignoring the daily drawdown because the max drawdown seems far away — the daily limit is usually the one that ends accounts.
  • Revenge trading after a loss, abandoning the plan that was working.
  • Not reading the rules — missing a consistency rule, a news-trading restriction, or a weekend-holding restriction.
  • Trading a strategy on the evaluation that is different from the one that works live, usually because of pressure to hit the target fast.