Bear markets follow 6 predictable stages—most retail gets rekt because they don't see it coming:

1. Distribution: Smart money exits while retail FOMOs in at the top

2. Trend Reversal: Bull structure breaks quietly—most miss this

3. Markdown: Fear takes over, sustained selling crushes prices

4. Relief Rally: Dead cat bounce gives false hope

5. Capitulation: Full panic mode—final lows get made here

6. Accumulation: Smart money silently loads bags while everyone's traumatized

Know which stage you're in. Trade accordingly.