"Memoirs of a Big Dealer" Experience Fragment:

Recognizing one's own mistakes is more beneficial than analyzing the reasons for success. However, everyone has a natural tendency to avoid punishment. When you fail and are punished, you do not wish to make the same mistake again. Moreover, all mistakes in the market are double harm: to property and self-esteem.

But I want to tell you something strange: sometimes traders are fully aware they are making a mistake beforehand. After making a mistake, they will question themselves about why they made that mistake in the first place.

After the pain of punishment ends, after a long period of reflection, they may figure out how they made the mistake, when and where they made it, but they still do not understand the true reasons for the mistake. They just curse themselves a few times and then ignore it.

Of course, if a person is both smart and lucky, they will not make the same mistake twice, but there are still thousands of similar mistakes that are hard to avoid.