These lines summarize trading books in the psychological field and risk management 👌
Cobra_BTC
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If someone becomes rich quickly, but can’t shake the habits formed during their poor days, they are likely to lose the money they earned again. The poor habits referred to are: an intense desire to multiply wealth, fear of missing opportunities, risking everything at once, using leverage excessively, chasing hot trends, spending to show off, believing luck is a skill, focusing on returns without considering risks, having no cash reserve, not understanding asset segregation, and having no patience for long-term compound interest. Wealth has changed, but the behavior system hasn’t, and in the end, the money will return to the level that matches their level of perception.
#Cobra_btc $BTC
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