But does it end there?
In reality, They not only lose their money but also their sanity.
Trade smart, folks! Cut the noise, and follow your process.
And, Remember that keeping what you've earned is the name of the game.
Once again, it’s proven that the number of charts posted by traders is directly proportional to the market going up. Haha jk!
But on a serious note, in an easy-money environment, almost everyone makes money.
A good trader knows when to step on the gas, and when to tap the brakes, In contrast, a reckless trader fails to recognize the need to slow down. As the equity curves sharply decline, they respond by increasing their risk, leading them right back to square one.
Obsess about the process. Have very clear rules. Money will follow eventually.
Obsess over money. Book every little gain fearing it will fade, money is never coming to you.
#BroTip
@BasedTrader_ Also, how can one be sure that the one or two stocks that they have picked out are going to perform as per their expectations, maybe they've entered laggards, and because they are highly concentrated their returns will probably suffer.
@BasedTrader_ It also depends on the account size, as someone who's relatively new and is trading with a small account can even go all in, but someone who's trading full-time might like to spread the risk across different stocks.