Why do experienced traders blowup?

Quote from 4DTrader:

Many reasons:
1. the way a trader makes his money is also the way he loses it, for example a big gambler loses all on a big bet.
2. market conditions changes, e.g., bull turns bear.
3. lapse of discipline, this stuff erodes with time.
4. neurological disorder.
5. senile, too old to trade,
6. accidental=carelessness=bad luck.
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Mate didnt you post recently you had given up trading as it was too hard?
 
Quote from Bogan7:

Because they are drivers not pilots?
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It was rhetorical question actually. :D

The answer is - because it's life, it's full of what we don't know yet no matter how good we think we are... So life NEVER consists of "white" stripes only...

And the exact cause can be a confluence of 1000 smallest factors combined which results in a significant event...

So, IMO the best way not to blow up is to never think that you are super trader and cannot blow up... :D
 
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