Kardec Trader made $20-30k in 15 minutes on a perfect first trade, then got overconfident and risked it all on a second trade, losing everything. Early wins can trick you into thinking you're invincible.
I would have a really, really strong open. I would make 20, maybe $30,000 in the first 15, 20 minutes. And immediately when I make that amount of money, the first thing that rings in my mind is, hey, if I put in more money, if I had risked more capital, I could have made more profits. Then what I typically do or what I did is I would carry that mindset over to the next trade. So trade one would go extremely well. Followed my plan, had a solid risk amount, everything was perfect to the T. Now because I got trade one right, I carry that confidence into my second. Not just normal confidence, it's a high level of confidence where I wish I had put more money so I could have made more. And the second trade is where I would typically just lose the profits, if not more because I was like, well, I'm so good at this. I'm going to make more. I have to just risk more. And that has hurt me countless times.
