Knife catchers were certainly quick yesterday to celebrate on the LTF, that's what poor risk management, and market structure ignorance does.

The worst trap you can face is thinking things will go up forever because you have zero emotional control. The second one (which is worst) is not understanding the very TA data you are trying to analyze. To REALLY know the difference between a small correction, and the beginning, or even the confirmation of a deeper move.

Death by a thousand cuts. You slowly see your portfolio go down with every candle over time, until one day you come to terms and finally close your position. Usually, when you round-tripped your bag, you get liquidated, or you are -90%.

Wash, rinse, repeat... 🧠