Recently, I have been thinking about why we incur losses, or why we experience drawdowns.
1. When we make money, we don't save and spend recklessly on various coins.
2. We haven't tried to explore more in our areas of expertise; new fields always require paying tuition. What we pay should be worth it.
3. We don't withdraw profits in batches.
4. We are reluctant to spend more time researching.
5. We believe in various so-called insider information and end up getting severely cut.
6. When we incur losses, we don't review and analyze.
