Most people don’t lose because they don’t understand analysis...
You lose because you won too early.
The first few trades go well by chance...
His mind tells him:
I understood the market... I became a professional... I can do it again.
And from that moment, the collapse begins.
Why?
Because early profits create the worst possible psychological effect on a trader:
It raises your confidence to an unnatural level
Makes you increase the size of the deal
Makes you cancel the stop loss
Makes you market yourself as if you're 'not needing a plan'
And in the end?
The market knows how to get you back to your size quickly.
The real professional is not the one who won two deals...
The professional is the one who knows how to maintain the profit and reject greed.
If you understood just one point from this article:
The first profit in crypto... is the first trap.
And your job is to avoid it.
