【Market Cycle Education: Even Bull Markets Can Make People Lose Money】
A cycle doesn’t move upward in a straight line; it follows a loop of “doubt—trial—consensus—euphoria—withdrawal.” Most people lose money not because they didn’t encounter a bull market, but because during the euphoric phase they mistake short-term gains for an everlasting trend.
Learn to observe emotions: when everyone is shouting about getting rich, “air projects” are flying around, and screenshots of leveraged returns are flooding the feed, risk is often closer than opportunity. The most scarce skill in a cycle is to stay calm amid the noise.
A cycle doesn’t move upward in a straight line; it follows a loop of “doubt—trial—consensus—euphoria—withdrawal.” Most people lose money not because they didn’t encounter a bull market, but because during the euphoric phase they mistake short-term gains for an everlasting trend.
Learn to observe emotions: when everyone is shouting about getting rich, “air projects” are flying around, and screenshots of leveraged returns are flooding the feed, risk is often closer than opportunity. The most scarce skill in a cycle is to stay calm amid the noise.