Every trader has a ticking time bomb (analysis and prediction) in their heart, which is usually turned off. Once they get carried away (forgetting that 'sticking to the rules' is the secret to making money), this ticking time bomb immediately starts its countdown. If precautions are not taken, there is no escaping a disastrous outcome.
There are countless examples in life.
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Thinking they are great at driving, feeling that no one can surpass them, so after 1000 risky drives, they might be safe. But on the 1001st risky drive, they might not escape...
Foolish people always learn lessons from their own failures, while wise people can often gain insights from others' gains and losses, shortening their own detours.
