Quote from: jaberwock on Today at 09:34:38 AM

Quote from: Rruchi man on February 13, 2021, 03:58:36 PM

Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?

A lot of people have this “Near Success Syndrome” lol. There are many of them and you can even see them on this forum. It’s just greed that is their problem. On a regular, an investment can’t get you up to fifty percent your invested capital, and anykind of investment that claims that is considered a Ponzi or scam.

But, now we have Bitcoin and cryptocurrencies that can get you up to fifty percent and even hundred percent and more than that, but for some people, after they have gotten up to hundred percent, they are still greedy and they want to make more. I have seen someone who has gotten triple of his investment, he couldn’t at least sell part of it to retain some profit in case market should fall. So it’s normal thing here, a lot of people do it.

I think that at this moment many have the success syndrome, but they should not be trusted, because many times you have to expect the unexpected, the important thing is; If you are winning that you know how you are winning, not that you are winning without knowing or because you are lucky, the best thing is to win but knowing what methods you use or what strategies you use, because in the bullish market it is very difficult to lose, when the Corrections, when there is a bearish stage it is where many lose most of their money or their great part, it is when they say or draw conclusions that they never learned or why they lost if they were doing so well.

The best thing is to always make reflections as you win or lose, a great speculator of the 1800s was called Jesse Livermore, he became a millionaire 5 times and 5 times he went bankrupt, finally he recovered but a great lesson was to learn from the experiences of himself and accept them, I think that was his great learning.