Why most people lose money when a bull market comes
1. Poor timing in positioning, even if they manage to hold, the issue is significant; they get scared off during market consolidations and chase prices up and down.
2. Inability to select good cryptocurrencies; the ones they buy do not rise, while the rising ones belong to others. As a result, they can't stand it and cut losses to switch assets, getting trapped again in a vicious cycle of cutting losses and switching.
3. Unable to understand cycles and keep up with the rhythm, easily swayed by emotions, lacking expectations for market peak cycles and target levels.
4. The higher the price, the bolder they become, even borrowing money or selling houses. The madness of the bull market will make you see the phenomenon of retail investors year after year, with particularly many this year.
5. Lack of awareness, unwilling to learn, unwilling to pay the price to improve understanding, no summarization and reflection, using high leverage and heavily invested in risky trades without logic or pathways, day after day, lacking a systematic trading approach that can generate stable profits over the long term.
6. Don’t understand stop-loss, blindly following trades without thinking.
