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Casino psychology: occasional wins on bad trades keep traders gambling, especially with meme coins.

From Why You Overtrade (It's Not Discipline) · jumps to 2:21 · speech

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So you have to kind of eliminate this idea that sitting around means you're being unproductive, you're not doing your job. Your job is to lock in when those opportunities are there, not force opportunities that might not exist into your trading. So number two is sometimes the casino actually pays. This one's especially bad for crypto because you'll gamble on a meme coin. Sometimes it works. Now, all those meme coin losses you took leading up to that point, you don't even remember them. You just remember the most recent win. You have the slot machine, you're about to give up and then you hit a winner and then it keeps you playing a little bit longer, right?
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