I am Lao Gao, and in the past, whenever I made one or two profitable trades in a row, I would immediately start losing and give back all my profits. This habit has followed me for a long time and is quite deadly😣. The trading curve is like a roller coaster, and I can't hold on to profits at all; I can't control the drawdowns either.
As a long-time 'leek', I have come to understand that without control measures, even if I earn 1000% in one go, I will eventually lose it all slowly.
The first control measure:
Don't be too eager to make money💰 After making one or two consecutive profits, it's easy to get carried away and lose all respect for the market, especially since making money feels too easy.