Most people think life is a bed of roses, is all about sunshine, enjoyment etc not knowing that there's always a tough time and the ability of one to overcome this time makes him great. Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Trading is actually an act that need the state of mind, knowledge and experience. The more expert you have as a trader, the more you enjoy it and the more transparent and clear things becomes because a professional trader will understand how to navigate market very easy and accurate than a newbie.
The timing also influenced trading, we tend to have more rich men during the bull mart than poor men in bear market, most of the time the market is always saturated with rich men than poor men in the bull market while during bear market, we do have plentiful of poor men trying to survive.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday, well most of them know but when they make losses they became frustrated and unstable, some will give up because of that little experience. Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested. Some of the spirit of a trader or invest is "I can make it mindset, resilience...
There is nothing bad in been optimistic about the market like the Blackrock upcoming ETF, it's giving everyone a ptsd(Post-traumatic stress disorder) and everyone are already trying to get some bitcoin and hence the reason why bitcoin has been pumping gradually over the last month, seems we will see $40k as suppot soon.
However, what many them that are chasing the profit don't understand now is what to do next after the pump, the smart ones wouldn't wait to tick the global support of the previous ATH of the past bull run and some will wait for it to get there and perhaps retrace and they will not still take profits, that's the simple mentality some traders lack, they don't understand when it's time to take profit.