Why is it that after going through three bull and bear cycles, I still end up being greedy at the top and fearful at the bottom? And why have I never managed to sell at the peak? Maybe experience doesn’t equal understanding, and losing money doesn’t necessarily mean you’ve truly learned your lesson. The bull market creates an easy illusion: mistaking the money made from the market for your own ability. When your account keeps going up, you naturally forget about risk. Your positions get heavier, your targets become more unrealistic, and in the end, you convince yourself that 'this time is different.' But when the market starts to drop and prices get cheaper, your courage disappears. It’s not that you don’t understand value—it’s that your positions were too heavy before, your losses too big, and now you lack both the funds and the emotional strength to reinvest. It took me a while to realize that a truly mature trader isn’t someone who can predict every rise and fall, but someone who knows they could be wrong even when the market is at its craziest, and still has chips left when the market is at its most desperate. Bull and bear markets won’t repeat yesterday’s prices, but they will repeatedly exploit the same human nature. Take the current situation, for example. If you’ve kept some ammo, a drop in the market is an opportunity for you. But if you’re fully loaded and stuck, all you’ll feel during a drop is panic, maybe even cutting your losses. This leads to the same cycle: others buy the dip while you miss out, others take profits while you chase the highs. #TradingPsychology #Crypto #Investing