Most novice traders trade because of what they see visually, what they read/hear from others, or even just because of their beliefs. Their trading decisions are not objective and tend to be emotional. Maybe some of them survived because of luck but most of them just went bankrupt and lost their capital.

While pro/veteran traders do metric data research before making any trading decisions, they use charts and various technical things only as supporting analysis. You might think their trading decisions are crazy, like when everyone is afraid to buy they are greedy to buy, and when people are greedy to buy they are quick to sell, but actually they really know what they are doing.

And when the market is in 1/4 of the new bullish cycle phase like now, you will see a lot of beginners who are actually looking for sell moments and continue to experience losses, ridiculously they even try to influence many people to do the same thing and position themselves as if they were master traders. While the real master traders continue to accumulating instruments in silence.

This kind of vicious circle always happens, because maybe humans can only learn from pain, even though only a few can truly learn from it.