Trends are not technical, trends are collective emotions

Why do most people fail to make money during major market moves? The strangest thing about markets is: during small moves, everyone is trading. During major moves, many people are already out of the game. Of course, I used to be like that too. When a move just started, I didn't dare go all-in. Always felt it wasn't confirmed yet. Once the trend was established, I finally entered. But then a pullback shook me out. Later the move continued, but I was already off the train. That's when I slowly understood: many people don't fail to understand trends. They just can't hold onto them. Economics has a concept: short-term volatility. Markets oscillate constantly even within trends. But once people see a pullback, they instinctively fear it. Because our brains are extremely sensitive to losses. So many traders would rather make small money than endure drawdowns. Zhuangzi said: "You cannot speak of ice to summer insects." Many people who haven't experienced trends find them hard to understand. Trends aren't actually technical. Trends are collective emotions. When more and more people start believing in a direction, prices will continue moving far.

A few reminders:
1) Major moves often start very ordinarily.
2) Oscillations within trends aren't danger, they're normal.
3) If every pullback makes you want to exit, it means your position is too large.
4) Big money doesn't come from prediction, it comes from holding. When Livermore made his biggest money, it wasn't because he predicted the market. It was because he sat through the trend. He said something very simple: Big money is made by sitting and waiting.
Have you experienced it?
The move went so far, but you only made money on the very beginning? #加密市场上涨 $ETH