Livermore once said that the market is never wrong; the only thing that is wrong is people.
In the cryptocurrency world, this means that most retail investors don't lose because of the market, but because of themselves. They fear missing out when prices rise, and they fear being trapped when prices fall. If you're afraid of both rising and falling, how do you expect to make money from trends? The big players take advantage of this fear, repeatedly consolidating prices, tricking you into exiting, and then blowing your mind with their next move.
In fact, the most ruthless isn't the big players; it's you, frequently changing direction. Livermore saw through it while he was alive: the real big money is in long trends. But retail investors always focus on a single candlestick, an hour, or a moving average, turning a main upward trend into short-term gambling.
The more you try to catch the details, the less you grasp the essence of the market. The market won't change direction because of your fears, nor will it rise because of your hopes. It will only reward those who are willing to exchange time for space.
When you are no longer swayed by short-term fluctuations, you will truly stand on the same side as the big players.
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