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🚨 Van K. Tharp and the hidden danger in trading 🚨
Many believe that losing 5 trades in a row is the worst possible scenario. But Van K. Tharp, an expert in trading psychology, discovered something surprising: winning 5 in a row can be even more dangerous.
🔹 Why?
✅ After several victories, excessive confidence arises.
✅ The trader believes they cannot make mistakes.
✅ They increase positions, ignore stops, and break rules.
✅ Result? A single mistake can wipe out all profits.
In a losing streak, the cautious trader tends to:
⚖️ Reduce risk.
⚖️ Follow more disciplined.
⚖️ Reassess the strategy.
👉 The lesson of #Tharp :
The danger is not only in defeats, but in the euphoria of victories. Lasting success comes from discipline and risk management, not from a momentary streak of wins.
📌 In trading, the mind matters more than the strategy.
#GoldHitsRecordHigh
Many believe that losing 5 trades in a row is the worst possible scenario. But Van K. Tharp, an expert in trading psychology, discovered something surprising: winning 5 in a row can be even more dangerous.
🔹 Why?
✅ After several victories, excessive confidence arises.
✅ The trader believes they cannot make mistakes.
✅ They increase positions, ignore stops, and break rules.
✅ Result? A single mistake can wipe out all profits.
In a losing streak, the cautious trader tends to:
⚖️ Reduce risk.
⚖️ Follow more disciplined.
⚖️ Reassess the strategy.
👉 The lesson of #Tharp :
The danger is not only in defeats, but in the euphoria of victories. Lasting success comes from discipline and risk management, not from a momentary streak of wins.
📌 In trading, the mind matters more than the strategy.
#GoldHitsRecordHigh
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