Gambling is something that destroys your capital more than a bear, manipulators and market makers combined

You can often hear the expression that the market is a casino. And it’s true, the market is arranged in such a way that, with rare exceptions, wherever you go, you will have a negative wait, exactly the same as in the casino. And the trader’s task is to find ways to break this negative mate-expectation in his favor.

But the general characteristics do not end there. Another common quality of markets and casinos is human excitement. Gambling is an emotion, a great desire to win, and to win at any cost. And emotion is extremely strong, an emotion that overlaps any logic, trading rules or systematic approach.

There are two main cases of excitement:

- The first case is when a beginner believes that he “feels” the market. We don’t care about rules or facts, feelings are important. In fact, this is nothing more than just a thirst for profit, because the brain connects two components - profit and transactions, and puts them equally. I want profit, which means I need to trade, which means “my feeling” that the market is going somewhere now

- The second case is the desire to win back. This is the most dangerous case in terms of consequences, when you already have large losses in the background and you want to close them as quickly as possible. How to do it? It’s right to take a lot, and better with a shoulder. Our brain adds up “two plus two” again, namely, it answers the question, how to earn a lot and quickly? And he gets an obvious answer - to take a big pose. Here risk management goes into tartars, and even if one day you are lucky enough to cover the past loss, it is only a matter of time when such a strategy will take away the lion’s share of your capital from you. After all, in this case, you not only play with a negative mat expectation, but also do it on a large scale, which makes the result of capital loss almost guaranteed

If you trader, it is guaranteed that you managed to meet each of cases excitement