Each bullish cycle creates hundreds of new “financial geniuses.” The social feed immediately fills with green screenshots showing a +1500% profit, boastful reports about buying in within the first hours, and pompous trading tips from gurus with a three-week track record. At this moment, a newcomer genuinely thinks they’ve cracked the market, while Warren Buffett in the background is just a grandfather stuck in the past.
But as soon as aggressive vertical growth turns into a dull sideways market or a sawtooth slaughter, these “trading legends” evaporate just as quickly as their accounts.
Let’s break down three fundamental reasons why confusing a tailwind bull hurricane with personal skill is the main stupidity that inevitably leads to a zeroing-out.
1. “The effect of a growing bamboo”: When even trash is rising
In a strong bull trend, there’s only one rule: “bought the whole amount and don’t interfere with the chart.” In this phase, the market forgives absolutely any sins: no stop-losses, 100x leverage, entries at the very highs, and buying coins with the avatars of rabid dogs.
Psychology: A beginner makes 5 random trades in a row, gets +300%, and instantly feels holy sure about their unique intuition.
Reality: In this phase, profit isn’t the result of a “great analyst”—it’s simply because oceans of other people’s money are being poured into the market. Everything rises, just because capital is looking for what else to jump into. This isn’t the skill of a “sniper entry,” it’s a random hit into a tailwind stream.
2. Flat as a brutal sobering-up station
Sooner or later the celebration of uninterrupted growth ends, and the market turns into a gloomy and angry range-bound trend. And that's where the freebies end and the harsh check begins—whether there's some mosaic in your head.
Psychology: After getting used to instant spikes, the emotional trader starts to experience real withdrawal. They try to squeeze the same +100% per day out of a flat chart and place trades on every micro-impulse, mistaking market noise for the “start of a new super rally.”
Reality: A sideways market is a graveyard for lovers of easy money. Attempts to desperately go long and short within a narrow corridor lead to the market maker neatly knocking out stop-losses in both directions. The trader makes dozens of chaotic re-entries, feeds the exchange with commissions, and burns through the remaining capital on the spot.
3. The trap of the “survivorship bias” and fabricated screenshots
The main engine of other people’s stupidity is a pretty picture in the feed. The beginner sees a PnL screenshot with +2000% ROI and rushes to copy the “successful trader.”
Psychology: Panic fear of being dumber than everyone else and the desire to immediately get the same nice badge for social media.
Reality: A PnL screenshot shows only one second from the life of a position, neatly hiding everything else. Left behind off-camera are:
Three previously liquidated accounts;
The size of the real position is $5 (but with 100x leverage just for a nice number);
Complete lack of a plan for taking profit from this virtual gain.
Beautiful PnL in a bull market isn't a sign of class. Real class isn't handing out your PnL to the public when the market starts shaking out the weak.
The voice of reason:
A trader’s real professionalism is tested not at the peak of a bull rally, when even hamsters get rich, but during a long sideways grind and deep drawdowns.
Don't confuse a trend with genius: If your strategy gives a plus only when absolutely everything is rising indiscriminately, then you don't have a strategy.
Assess the distance: Trading success isn't measured by one lucky week, but by preserving capital and growing your deposit over a 1–2 year span through all phases of the market.
Take the bird in the hand: Earnings from a bull market exist only when you’ve converted them into stablecoins or fiat—not when you just roll them into another “Bitcoin killer” at the very peak.
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