In the current market, every sudden drop is testing your resolve.
Many novices often draw the wrong conclusion from frequent fluctuations: 'I should trade in swings, this way I can make a lot of money.' Then during a breakout rally, they sell at a loss!
Of course, some may say: 'I'll just chase it back.' But do you really have the courage to chase back in? Are you thinking of waiting for it to drop back before buying again and never moving it around again? Is this kind of mentality repeatedly surfacing?
You will find yourself constantly coming up with many thoughts of 'what should I do,' continually getting yourself caught up in frequent operations, wearing down your chips.