There have been quite few books written about this, and mainly, they deal with how to avoid being defeated by your own fear and greed. Fair enough, and this article does NOT replace them.
The books are best suited to those who have traded for a while, and need to improve their performance. If you are a beginner, you won't know the first thing about the various...
Prop-firms tell us to come trade for them so that they can take trades off our ideas. In reality they make their money on relying on the fact that 95% of traders are unprofitable and will fail either the challenge or verification stages of their trading.
People fail because either they do not have a real edge on the market, they cannot control their emotions, or...