Aye, and the strangest thing is even those who've been around since the last cycle, having had the opportunity to witness the lessons learnt then, are falling inexplicably into the same cycle of sentiment. I remember mentioning in 2018 when some self-professed old players were suddenly giving up (this was close to the 2018 low). It's as if, all the past cycles weren't enough to convince them that this rhyming of history would persist.
I wouldn't exactly call myself different from others, but I will say I'm able to be a lot more sentiment-resistant
I wouldn't exactly call myself different from others, but I will say I'm able to be a lot more sentiment-resistant
I've learned to be that way, but it's still a challenge. No matter how many times I experience the same cycles, my gut instincts always tell me to hold at the top and sell at the bottom. When the market is down 50% and there's blood in the streets, you really want to make the pain stop and sell everything, but that's usually the worst possible time to sell.
So I'm never surprised that most people lose money trading markets. They just don't have the patience or constitution to wait through the pain of financial losses.
What your views
