Trading Wisdom No. 5 – Can you see the ‘hook’ behind the bait (profit)?

“Fish see the bait, but not the hook; men see the profit, but not the peril.” – Chinese Proverb

Losers lose money because they only focus on the outcome of every trade, ignoring the money & risks management out of their own greed, impulsiveness and impatience.

Please remember, all winners have learnt how to see the hook behind the bait, that is how they could preserve their capital and live until tomorrow to trade!

How about you, can you see the ‘hook’ behind the bait (profit)?

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This is hard to see and to avoid being fished.

Money is highly desired bait and traders do not see anything else.

Even though I manage to clearly see the clear picture, later on I get blinded by the money.