One of the easiest ways to give back gains is revisiting trades that have already played out.

You catch the move, take the win - but now you’re anchored to the coin, convinced there’s more left.

What you’re really doing is trading the memory of a good setup, not the reality in front of you.

By the time you return, dynamics have usually shifted - new participants, new flows, changed incentives.

But you’re still fixated on the price action, assuming it means the same thing as before.

This is how recency bias and the endowment effect creep in - overvaluing what’s familiar and ignoring that edge comes from context, not comfort.