Recently, I reviewed the market data again, and the current trend has not shown a strong bullish line that surpasses the previous high, so we cannot talk about a trend reversal yet. We are still in a Bear Market cycle, and it could be a long process. That's how trading works; sometimes slow is the fastest way.
Why are retail investors particularly prone to making mistakes when trying to catch the bottom? I have observed three main reasons. First, there is a fear of missing out on a historic opportunity at the bottom, leading them to go all in with high leverage. Second, there is a lack of understanding of market behavior. Third, there is a lack of patience and impulsiveness.
But the good news is that we ordinary people can actually do two things well. First, don't be afraid of missing out, patiently wait for a second bottom opportunity, or directly build positions with low leverage and light positions, steadily and cautiously. Second, just wait; absolutely don't act impulsively. The last point is the most crucial—no matter what, protect your principal. Surviving in this market is worth more than anything else.
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Recently, I reviewed the market data again, and the current trend has not shown a strong bullish line that surpasses the previous high, so we cannot talk about a trend reversal yet. We are still in a Bear Market cycle, and it could be a long process. That's how trading works; sometimes slow is the fastest way.
Why are retail investors particularly prone to making mistakes when trying to catch the bottom? I have observed three main reasons. First, there is a fear of missing out on a historic opportunity at the bottom, leading them to go all in with high leverage. Second, there is a lack of understanding of market behavior. Third, there is a lack of patience and impulsiveness.
But the good news is that we ordinary people can actually do two things well. First, don't be afraid of missing out, patiently wait for a second bottom opportunity, or directly build positions with low leverage and light positions, steadily and cautiously. Second, just wait; absolutely don't act impulsively. The last point is the most crucial—no matter what, protect your principal. Surviving in this market is worth more than anything else.