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Abstract:There are Herd and Crocodile in the market, and which one are you?
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Technical analysis is the go-to toolkit for countless investors. Candlestick patterns, moving averages, MACD signals, Elliott Waves—you name it, there’s a chart or model for it. Many spend years perfecting their craft, poring over price patterns and back testing strategies. Yet, despite all this effort, a large number still lose money. The reason? It’s not the tools as they’re merely instruments. It’s the human behind them that falters. In particular, wishful thinking and emotional bias often sabotage disciplined execution.
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In the world of trading, we often hear stories of people who made millions or even billions. But behind these success stories are others we don’t talk about as much — stories of great traders and investors who lost everything. These failures are just as important to understand, because they show how risky and unpredictable the markets can be, no matter how smart or experienced you are.