In the group someone shouted for 10,000 points, and it ended up dropping by twenty yuan. Le Pen said that when a crowd bunches together, their intelligence resets to zero. I believed it—really believed it.
In the afternoon is when it’s easiest to get itchy. Watching $ETH 1,914, over 24 hours it’s up 2.21%, with trading volume of 434 million. The voices in the group already sound like a limit-up on open. I stare at these numbers, and instead my heart turns cold.
Every top is like this. It’s not the K-line telling you it’s topped. It’s that kind of excitement in the group. Someone says, “This time is different,” and I know it’s time to run. You’re calm not because you’re smart. It’s because you’ve been in the group too long—once you know that there are too many people, your brain isn’t really your own anymore.
The lively atmosphere in the group is for the bag-holders to watch. The tedium of the market is for the ones who manage to stay alive.
Real good opportunities never require so many people to shout.