The Red Dragon


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I picture it like a dragon a red one, but in reality it's a brain disease. You enter into a trade, the trade goes very well. Then the red dragon starts telling you that this movement is going to continue until you are a millionaire. You start expecting a huge trend, only because the red dragon in your head says so. Suddenly the price reverses wiping out all your profits. Let me tell you those kinds of trends (x3 or more) are so rare but so sweet when you catch them, they exist, but they are rare, like the red dragons.


Lesson : It is possible to catch a big movement, but those movements are very rare, it is more likely for the price to reverse. Should you take a small profit or hodl?.


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