The biggest fear in trading is not being deceived by the market

Nor being deceived by news

Even less by Trump

But being deceived by oneself

If you don’t believe it, you can continue reading. The news that OM has dropped 96% from its peak of 9.17 will soon be digested by the market

If it rises again by 10%, many people will jump out and say it’s skyrocketing

If it rises again by 50%, even more people will still rush in to chase the high

If it rises again by 100%, you will find a lot of people saying it will return to the previous high

If it rises by 200%, there will be people saying it has broken the historical high

These people are the same ones who said the bull was back when ETH rose from 1400 to 1600, because they can never understand what it means for an asset to drop 96% from its peak. This means that to rise from the current 0.37 to 9.17, it needs to increase by 2392% (24 times)

This is human nature; most people remember the good but forget the bad, so this market will have a continuous stream of retail investors, endlessly!

Because the first major characteristic of retail investors is that they like to self-numb and self-comfort!

The determination of bull or bear is based on a comprehensive judgment of market logic, fundamentals, and the macro environment, rather than how much a particular asset has risen or fallen

Shouting bear at a slight drop and bull at a slight rise is either bad or foolish!