Why majority of traders lose?

Today we saw the Biggest rally in market after 7 years, Nifty is almost up 411 points from yesterday panic low of 7825.  Traders trading without a trading plan and not having proper discipline are bound to make losses in such market, as they are unable to change the sides quickly end up being a loser. As per Stats only 5% traders are able to make money on "consistent" basis in the market in long run. So what makes trading so fascinating that only 5% traders are able to learn lets look into the reasons.
1.  Most of Profitable  traders will never trade for li

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