Understanding the following words while trading becomes clearer: first, be grateful for your luck, and secondly, thank the gifts of the era. As for your own abilities, never take them too seriously. The moment you start to think it’s your skill at play is when the losses begin.

Many traders spend their entire lives trapped in the 'self-attribution bias' and fundamentally lack respect for the randomness and complexity of the market.

Have you reflected on how much of your earnings come from 'doing push-ups in an elevator'? You are merely a pig standing in the wind, and you must thank the power brought by the trend of the times. The human brain is naturally good at weaving causal narratives. When randomness brings profits, we create rationalizations for the results like 'I predicted the Fed's policy.'

Dopamine release during profitable times reinforces the belief of 'being right,' even if the profits come from luck. Surveys show that 87% believe they have an advantageous strategy, but 90% of day traders exit the market within three years, and the lifespan of futures accounts is less than six months, with less than 1% making a living from trading.

Foolish people are overconfident, while smart people are filled with doubts. Those who have this awareness have already surpassed 99% of traders.

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