Trends Are Not Technology, Trends Are Collective Emotion

Why do most people fail to profit from major market moves? The strangest thing about markets is this: during small moves, everyone is trading. During major moves, many people have already exited the market. I used to be the same way. When a move just started, I didn't dare go all-in. I always felt it hadn't been confirmed yet. Once the trend was established, I finally entered. Then came a pullback, and I got shaken out. Later the move continued, but I was no longer on the ride. That's when I finally understood: most people don't fail to read trends. They simply can't hold trends. There's a concept in economics called short-term volatility. Markets fluctuate constantly even within trends. But once people see a pullback, they instinctively panic. Because the human brain is extremely sensitive to losses. So many traders would rather make small money than endure a drawdown. Zhuangzi once said: "You cannot speak of ice to a summer insect." People who haven't experienced a trend find it hard to understand one. Trends actually aren't about technology. Trends are collective emotion. When more and more people start believing in a direction, price will continue moving far.

A few reminders:
1) Real major moves often start very ordinarily.
2) Oscillations within a trend are not danger, but normalcy.
3) If every pullback makes you want to exit, your position is too large.
4) Big money doesn't come from prediction, it comes from holding. Livermore made his biggest profits not because he predicted the market. But because he sat through the trend. He once said something very simple: big money is made by sitting and waiting.

Have you experienced this? The move went very far, but you only caught the very beginning? #加密市场上涨 $ETH