Under normal circumstances, an ordinary person needs at least three bull markets to change their destiny through speculation in the market.
In the first round, just entering the arena, you can only achieve a preliminary understanding of this market, or even only scratch the surface. You cannot yet have a clear and correct understanding of the cycles and the laws of market operation. This round of the bull market will likely end in a loss, and even if you used to make money, you won't be able to keep it.
In the second round, with the experience of the previous time, you have witnessed the cruelty and terror of the market, and you can be considered an experienced player. You will become especially cautious and no longer reckless. This is a double-edged sword; it protects you from pitfalls but may also bring you some biases, causing you to miss out on new narratives and new concepts. Although you won't lose much money in this round, you will likely miss out on the most outstanding opportunities in the entire bull market.
The third round is truly your stage, because you have fully recognized the market and the cycles, established a complete system and strategy, and started to attempt counter-cyclical operations at the end of the cycle. You just need to fully believe in the experiences and lessons accumulated in the first two rounds, overcome weaknesses, control leverage, and avoid making the same mistakes as in the previous two rounds. Being sufficiently sensitive and brave towards the new concepts that arise in this round of the bull market will likely lead you to harvest your own wealth in this round.
