Trading for a living can flop due to a bunch of reasons. One is a lack of proper know-how ? if you dive in without studying the market, you're toast. Emotional control matters too. If you freak out at every dip, trouble's ahead. Not having a solid plan is like sailing without a compass. Over-trading ? like going all in all the time ? burns wallets. Money management? If you don't get that, you'll hit the wall. Also, patience is a virtue. Overnight success? Nah, it's a slow game. Lastly, not treating it like a real job leads to disaster. So, learn the ropes, keep cool, plan, don't overdo it, be patient, and take it seriously to avoid the trading wipeout.