False feeling of discovery of a Holy Grail. If often happens that a random streak of winning trades is interpreted as confirmation that system works. Unfortunately even with random betting with tight stop loss you can stay near breakeven for a long-time or even earn some profit. But it doesn’t mean you find something working.
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The need for Instant gratification is a mistake new traders should avoid. I have to remind myself to give my trades time to play out and that drawdown is part of the process.
steve369- do you make a habit of making things up, and posting absolute spiel?
I don’t follow the herd Jx. There’s nothing smart in nursing a losing trade, and you can be assured that top traders don’t. For more info on the psychological aspect here’s a link: