Many people think the biggest enemy in trading is market volatility, market makers, policy changes, etc., but they overlook that your ultimate opponent on the trading journey is not the market, but yourself, and it will always be yourself!
Greed is the culprit that makes you lose money.
When the market rises, you fear missing out and chase the highs; when the market falls, you fear further declines and sell.
Greed makes you reluctant to sell at high points, while fear makes you afraid to buy at low points.
And the result? Buying high and selling low, perfectly missing out on all profitable opportunities.
Emotions are the biggest bug in trading