Everyone knows how to walk.
But can you walk a mountain edge, thousands of meters high, no railing, no safety net?
That's trading.
Backtesting is the footpath. Live trading is the same steps — different consequences. Your legs don't fail you. Your mind does.
New traders:
Do your own research. Don’t blindly follow influencers. Trading is more than levels and strategies. Anyone can call themselves a trader, but becoming consistently profitable takes extreme discipline, patience, and years of hard work — like summiting K2 in winter.
Testosterone spikes. Confidence inflates. Position size creeps up.
Coates called it the Winner Effect — the same loop that builds champions is the one that blows accounts.
Biology doesn't know you have a risk limit.
Your brain wasn't built for markets.
John Coates found that traders' cortisol rose 68% during volatile weeks — before they consciously felt stress.
Your body is already losing before you place the trade.
(Coates, The Hour Between Dog and Wolf)
John Coates proved it on real trading floors:
°Win → testosterone spikes → oversizing → blowup
°Loss → cortisol up 68% → paralysis → blown setups
When your SL hits, amygdala fires before your brain wakes up. You know your rules. Your body ignores them.