This happens because many cannot stop in time, as they are controlled by greed and excitement. Also, if a trader has set a goal to fulfill the daily profit plan at all costs, but at this time there are only losses, there is no point in continuing such trading and it is better to stop and analyze your actions and mistakes.
Yeah what is interesting that even that you understand this pitfall you continue to act in the fashion where you add more risk to as soon as possible recover lost money. Hard to get used to such outcomes in trading.
Experience helps in developing better trading tips and tricks but without experience it is tough to make such tricks. But these tricks should be practically experimented.
Yes, very often traders consciously take such actions in order to quickly recoup their losses for a small number of price movement points. And in some cases this even works out, but as practice shows, even greater losses occur more often.