Beware of "newbie luck" in trading. What is "newbie luck"? It's when you first start trading, place a trade casually without much thought, and make a profit. This can make you overconfident and excitedly place a larger trade next. For example, you might first make a quick profit in Venezuela, and then, overconfident, place another trade in Iran… The result is that you get trapped. Therefore, beware of "newbie luck" in trading.