Why do novices always chase highs in a bull market, while veterans build positions in a bear market?
The "intuition" of novices entering the market is: enter when the market is good, and wait when the market is bad;
But the behavior pattern of veterans is completely the opposite: gradually sell in a bull market, and firmly add positions in a bear market.
Why?
Because they understand one essence: the more extreme the market sentiment, the more the price deviates from its value.
And the market is counterintuitive.
In a bull market, media, platforms, and KOLs are all promoting the myth of getting rich quickly, driving novices to FOMO and chase peaks.
In a bear market, the overwhelming "zeroing theory" discourages most people, liquidity dries up, and project valuations are severely underestimated.
Veterans take advantage of this emotional gap, being greedy when others are fearful, and calm when others are greedy.
Their operations are never centered on "price fluctuations," but rather on:
Judging the cycle stage;
Confirming the main narrative;
Looking for undervalued tokens;
Building a combination strategy.
Novices, on the other hand, often decide their positions based on candlestick charts and determine their beliefs based on hype, until they get cut time and time again.
The most paradoxical aspect of this game is: the more you focus on the "now," the easier it is to lose; the more you think about "what's next," the more you can win.
A bull market is not for you to enter; it is for cashing out;
A bear market is where you truly earn future tokens.
