Increased Financial Losses
Without expert guidance, traders are more susceptible to making costly mistakes, leading to significant financial losses due to poor decision-making and lack of strategic planning.
Inefficient Learning Curve
Professional coaching helps instill discipline in trading practices. Without it, traders might struggle to maintain consistency, leading to erratic trading patterns and results.
Lack of Discipline
Self-taught traders often experience a longer, more frustrating learning curve, as they must navigate through trial and error without shortcuts provided by experienced mentors, delaying their progress.