$JCT Sigh, everyone rushed to catch the bottom, and now you know where the bottom is. I’ve written about this many times: it makes a few moves and looks so tempting, with lots of bounces. When the price rises sharply, few people dare to get in. Even if they do, they cautiously place small orders and make a profit. Then it corrects for a few swings. By then, greed has kicked in, and they’ve made a little profit earlier, so they enter more aggressively. When the price falls, they keep holding on because it has bounced so many times already, and they’re hopeful. When the price has fallen quite a lot, cutting losses feels painful, so they DCA heavily, waiting for a rebound to make back their losses. But it never comes—the market understands that psychology all too well. When the price shows signs of reversing, many people choose to DCA rather than cut their losses or hedge. Their goal isn’t to preserve their capital; they have to make a profit at all costs. Of course, everyone has their own way of thinking and seeing things. For me, capital is still the most important thing. There are plenty of opportunities in this market, but capital can run out easily.
$JCT