Why is it often said in the investment field that the ones who sell are the experienced ones?

Most people who are unwilling to leave the gambling table actually anticipate the arrival of risk in their minds; they just can't bear to leave.

The inner state often is:

"If I pull it back a bit more, I can break even."

"If it rises a bit more, I can make several times."

Not yet satisfied, they fantasize about taking the last bite of meat, making the final wave of profit.

Often, they have to bear the risk of being cut by the market at any moment.

In the world of investing, both selling too early and missing out are painful,

but only by slowly accepting that you are just a mortal, that selling halfway up the mountain is already excellent, can you start making money.

Reflecting on the times I called for selling in the past six months:

At the end of December, BGB called for selling at 7.2u, which later rose to nearly 8u, but ultimately fell to 4u.

In mid-January, SOL called for a reduction at 240, which later rose to nearly 300, but eventually also fell to over 90.

The week before last was the third time in nearly six months that I called for a reduction,

perhaps the market price will still have some continuity,

but only by letting go of the fantasy of taking profit at the highest point can you continue to live in this market.

This time around mid-month, I posted about reducing holdings in altcoins, and looking back now, those were all very good selling points.

Learn to secure profits, and be content before taking profits,

selling halfway up the mountain allows you to survive and continue climbing the next mountain,

which is the greatest lesson I learned from losing a huge fortune in the last bull market.