Under normal circumstances, it would take at least three rounds of bull markets for ordinary people to rely on speculation to change their destiny in the market.

When entering the market in the first round, you can only have a preliminary understanding and understanding of the market, or even just a superficial understanding. You still do not have a clear and correct understanding of the cycle and the laws of market operation. There is a high probability that this round of bull market will end in losses. At the end, even if you have earned it, you cannot keep it.

In the second round, with the last experience, you have seen the cruelty and horror of the market. You are considered an old leek, and you will become extra cautious and not reckless. This is a double-edged sword, which will protect you from pitfalls and bring you harm at the same time. Some biases have led to missing some new narratives and new concepts. Although there is no loss in this round, there is a high probability that the entire bull market will be lost.

The third round is the stage that truly belongs to you, because you have fully understood the market and cycles, have a complete system and strategy, and start to try counter-cyclical operations at the end of the cycle. You only need to fully believe in the experience you accumulated in the first two rounds. Experience and lessons, overcome weaknesses and control leverage, no longer make the same mistakes as in the previous two rounds, be sensitive enough and brave enough to the new concepts emerging in this bull market, and there is a high probability that you will reap your own wealth in this round.

Don't lose your bottom position, it is the confidence you insist on holding.