Why some traders fail ?

   

    This is a real life story of a trader.He started in the market very well and ended in tragedy.He lost the capital,house and property.He has tried day trading,positional trading,futures & options and most of the penny stocks. Nothing made profit.Only Loss,debt and failure.Now he is desperate and pessimistic about life.He Demotivates young generation:" Don't go to share market "

   

     Why ? Is it the mistake of stock market? or Is it his fate? I believe, this collapse is the result of his over confidence and false approach.He traded like a gambler and never learned about shares or market trend.Always,traded opposite to the market movement and done panic trades.So,he lost every thing.

     Moral of the story: Analyse your actions always and give first priority for knowledge.Take only calculated risks.