Investing University - 3454855
Everything that you see on charts is a summation of two variables : collective human psychology and market events.
Collective human psychology is the summation of individual psychologies which have recognizable patterns and are therefore predictable. Market events on the other hand are far more complex and unpredictable.
So success on this profession relies mainly on controlling what is controllable and adapting to the uncontrollables as they unfold.
Unfortunately, less than 1% of us are capable of acting on this very simple truth. Look what Nithin Kamath, one of the founders of Zerodha has got to say for this...
"Less than 1% of active traders earn more money than a bank fixed deposit over a 3 year period."
Given the sample size he has, his statement is very close to real scenario.
Maybe IQ and EQ are to blame. Have a look at the IQ Bell curve.