Unfortunately many novice people think they can master of trading within 1 or 2 years. That is a big mistake. Any profession takes time to learn, ask any seasoned trader if trading is easy than any other profession like doctor/engineering/law graduation? :lol:
Even a master degree in any field takes 5 years time. Every profession has own learning time. For trading it is 5-7 years. Ask any good technical analyst, 1-2 years is very small time for a market. Even a bear phase/bull phase/range bound phase takes 2-3 years cycle in longer time frame chart.
I saw many traders make profits in initial 2-3 years, but wiped out later, bcoz their system is not compatible for all different phases of market.
To face all different conditions in longer time frames the minimum survival period in this trading profession is 5-7 years. Until any trader pass that time successfully he/she is in danger of thrown out of this trading world.
It just like taking larger sample during back testing can give you clear idea. Many system give a good result while back testing during small sample data over 1-2 years. But when you test it on 7 years to 10 years data, real test comes as phase change in longer time frame. A good system for trending days is killed in long large range bound times which situation can come only after 3-4 years. So as the traders and their psychology also tested in repeated failure times only.
Trading profession is not easy bcoz it is one of highest return profession in this world. And every one knows money don't come easily. 
Here reward depends on performance only, not time. Patience is the most important virtue of a trader.
I saw many successful traders thrown out of the system after initial 2-3 years of success when market condition changes in longer time frame. We saw last bear phase in 2008, new traders has no idea about the psychological up down during trading in such phase. Many traders wiped out in bear phase, some in bull phase, most in long range bound phases.
From my own experience, I can tell you, until any one spend minimum 5-7 years successfully in trading he/she has no idea of cruelty of this profession.
Take Care.
Happy Trading.
H.C.
Nothing is more deadly than initial quick profits *early* in a traders career.
These easy early wins completely traps the trader for next round of slaughter, if he is not on guard.
That's a equity curve simulation for win % = 0.23, reward % = 0.07, risk % = 0.03 for 2000 traders investing for 200 days with starting value of 1 Re/-
Most traders lose their shirt and start working on themselves but the poor ones who got lucky and ended up earning 50%-100+% returns by just pure luck are going to get killed in next round, as luck favors only occasionally!
Ironically the initial easy victory turns into a death nail for most traders!
This happens only in trading, on all other trades initial victory gives a confidence boost and takes them to places (eg: public speaking or surgery).
