Overconfident 'Mindless All-In Player'

In a bull market, many people, after making money, start to feel like they have 'understood the way', and gradually increase their positions, even going all in.

Their logic:

'In a bull market, you just need to hold on, don’t be timid!'

'I’ve already made 5 times my investment, this time going all in is the only way to make big money!'

'Only trend traders will survive!'

But the market often teaches lessons like this:

📉 After a big rise, a correction is inevitable, and those heavily invested often can't withstand the adjustment period.

📉 Many cryptocurrencies will be cut in half or even go to zero; any cryptocurrency carries risk.

📉 Many people make 100 times their investment in a bull market, but very few can exit unscathed.

The market makers love these 'mindless believers' because they are often the last ones to jump into the market, getting precisely harvested at the end.

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