Many people like to add to their positions. When they have floating profits, they feel that the market trend is established and start thinking about adding more, believing that if there is a big wave in the market, adding more will earn even more. In fact, no one knows whether the trend is truly established; it’s possible that right after adding to the position, the market turns around immediately, wiping out the floating profits, and even turning into floating losses.
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Then this position is very likely to be hard to hold. Of course, there are times when one gets it right, that’s luck, but in the long run, luck does not favor those who rely on subjective assumptions. Not only retail investors, but also many so-called big players do not understand this point. Only what is theoretically valid has the possibility of being valid in practice. Most people are using things that are not valid in theory, and thus losses become inevitable.