Phase one failure: oversizing positions due to overconfidence leads to rapid account blowups despite profitable strategies.

Really, you kind of feel like you're at a casino, but sometimes that casino pays you out just enough to keep you interested. You're like, ah, do I really know what I'm doing? And then you make a little bit of money and you're like, okay, I've got it all figured out. So how do most people fail out of phase one? Well, one of the main ways is over sizing. You likely are starting with a small account, right? A little bit of capital, but your dreams are huge. You just watch a trade or main video, he told you to risk one or two percent per trade. You're like, screw that, I'm never gonna make any money risking one or two percent. So you oversize, you risk 10, 20%. Well, what do we know about over sizing? Even with a profitable strategy, if you oversize, your risk of ruin is very high because every strategy on the planet is gonna have losing streaks.