Op you’re points are all accurate and just like gambling and it’s addiction, a lot of traders don’t really know when to stop especially when the winning and successes keeps coming and at some point, success seems to be a trap which most traders don’t know how to avoid.
Another thing is emotions and doubt, the most you aren’t certain about a particular entry, then it is wise that not to enter a trade because it is a sign of emotions playing with us.
Most people stop at a point where they are about to get their best trade. This is like accepting defeat just before reaching the true destination. That's not how it works.
I’m sorry to say but this mindset isn’t a very nice one because with this mindset, one would never know when to stop because of the hope of hitting a win and this is exactly same fate with a gambler and trading isn’t gambling and we ought to knows when to stop