Why do most traders fail according to Kyle Ng?

The loop looks like this. You trade a strategy for three weeks. It hits a losing streak. You cannot sit through the streak, so you go back to Twitter and find a new strategy that has not hit its losing streak yet. Sunday night you print fresh rules. Monday morning you break them by ten a.m.

The problem was never the strategy. Every real system has losing streaks. The problem is that you never trusted the one you were on enough to sit through its losing period. Switching resets the clock and guarantees you are always in the worst part of some system's cycle.

Kyle traded that loop himself for years, checking charts on his phone at work and entering on every move he saw. The fix was not a better pattern. It was one system, tested until he trusted it, and rules that told him exactly what to do so he was not making judgment calls under pressure.

Sources: The 3 Step A+ Strategy · If trading feels hard right now