Most people need to go through at least 2 cycles to make money in the investment market. According to the Kitchin cycle, this takes about 6-8 years.
In the first cycle of entering the market, most people are at the peak of ignorance. Due to their lack of knowledge, they become arrogant, thinking they are very capable, mainly chasing market trends, following what KOLs say, mistaking luck for skill. The money earned by luck will eventually be lost due to lack of skill, and when the market enters a downward cycle, they end up losing a lot.
In the second cycle, most people enter the valley of despair. Based on the experiences from the first cycle, they begin to be cautious, but due to a lack of an investment system, they miss many opportunities in a state of half-belief and half-doubt. Moreover, lacking cycle awareness, they often engage in short-term trading, ultimately making bold moves only to find themselves in the same spot. However, many people manage to preserve their principal in the second round, making slight profits and beginning to establish an initial investment system, developing a greater respect for the market.
In the third cycle, they gradually enter the path of enlightenment, starting to seek their inner reasons, realizing the importance of learning. Through learning, they gradually develop cycle awareness, learn to manage their positions, think critically while standing opposite the crowd, filter out their true KOLs, and humbly learn. They understand the value of going with the trend, leveraging the power of others, and that valuable things are worth paying for. This round generally leads to a stair-step increase in assets.
In the fourth cycle, they enter the subconscious stage, remaining unperturbed by praise or blame. At this stage, they no longer argue with fools, remaining calm and respectful of others' destinies. They pay more attention to their inner thoughts, contemplate what happiness in life means, seek their passions, cultivate the ability to achieve happiness, focus on family education and the development of the next generation's thinking, learn to embrace the power of trends, look for great industries and great companies to grow with, and restrain their desires from being watered by money.