In trading, the recency bias / effect is when a trader focuses too heavily on his or her most recent trading decisions / trades and loses perspective on the bigger picture. But, since you had recency bias, you chose to base what you would do on your next trade(s) from what happened on the most recent trades, and instead of making a 1:2 risk reward, you actually lost money because you were over-committed to holding the trade. If you start basing every trade decision on what happened with your last trade or last few trades, you’re going to feel like the market is ‘tricking’ you because you’re basically operating purely off feeling and emotion, instead of logic and objective / strategic decision making.