Overconfidence: After winning several times in a row, why do you start ignoring risk controls and increasing leverage?

🚀 You got 3 trades right consecutively, and your account doubled. You think you’ve mastered the wealth code, and everyone else looks like a retail victim.
“10x leverage is too conservative—this time I’m going to open 50x!”
Then, a spike and a stab—returning the principal plus interest to the market.
This is overconfidence: treating luck as if it were ability.
Why do you crash easily after a winning streak?
Because consecutive wins release a large amount of dopamine, making you feel an illusion of “being invincible.” At that moment, your risk awareness drops to the lowest level.
How to prevent it?
1️⃣ After you profit, proactively reduce leverage: the money you earn isn’t really yours—only what you withdraw to your bank card counts. After a winning streak, bring leverage back to normal levels.
2️⃣ Withdraw part of the profits: force yourself to withdraw 20% of the profits every week to improve your lifestyle. This helps you build positive feedback of “taking profits and securing them.”
3️⃣ Respect the market: remember, in the derivatives market, with just one black swan, you can wipe out the 99 wins you’ve had.
💡 Today’s golden quote: Money you make by luck will definitely be lost back by skill.