Why 95% of traders fail? | Perspectives on that statistic

A few weeks back I had answered a question on Quora?

https://www.quora.com/If-only-5-traders-can-make-consistent-profits-in-the-share-market-what-qualities-and-skills-make-them-unique-to-achieve-these-types-of-results/answer/Sandeep-Rao-7

Incidentally came across another article on the same theme here - 

https://breakingoutbad.com/2017/09/03/bullshit-95-of-traders-fail-trading-is-gambling/

Good to see someone else endorsing the same ideas. I will leave you with a few excerpts.  

Something I said in the answer. In fact good traders have a very high demand in the industry, more so in India. I personally know people willing to hire mature/responsible traders with a proven track record.

Something I said in the answer. In fact good traders have a very high demand in the industry, more so in India. I personally know people willing to hire mature/responsible traders with a proven track record.

One thing that people need to understand is, growth in any business including trading can be exponential, which a 9 to 5 job can never provide. But getting to the point of inflection, could take time. That is the test, perhaps. Can you hold on till that point, or would you quit before that. Choice is always yours. 

One thing that people need to understand is, growth in any business including trading can be exponential, which a 9 to 5 job can never provide. But getting to the point of inflection, could take time. That is the test, perhaps. Can you hold on till that point, or would you quit before that. Choice is always yours.