Hey,
Have you ever had a trading win so significant that it put your account into an entirely different category?
Many traders haven't. I'll be the first to admit, it's a good problem to have. However…
After a grand slam like the one I recently hit on the ProShares Bitcoin Strategy ETF (NYSEARCA: BITO) — where I turned less than $50,000 into $280,000+ over a weekend — it could be tempting to get overconfident.
Think about it. In a few days, I made more money than most people make in several years. If I'm not careful, I could let it get to my head and start feeling invincible.
But I didn't make nearly $4 million in trading profits by making such foolish mistakes. After 10+ years in the markets, I know that losing perspective after a big win is one of the worst things a trader can do.
That said, I can't tell you how many times I've seen promising young traders nail a single big win, only to get cocky and quickly squander it all.
They let the money cloud their judgment. After one lucky YOLO, they think they're the next Warren Buffett.
At the end of the day, the difference between these clowns and the small % of traders who WIN is staying humble. You must do so if you plan on having a long and successful trading career.
Keep reading and I'll show you how I stay humble while being successful…
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