It takes three bull and bear cycles for a person to become wealthy (1)
An ordinary person
If no one leads the way, points things out, and relies entirely on self-awareness,
It generally requires going through three bull and bear cycles to earn big money,
And it also requires some talent and a bit of luck.
1/ The first cycle
Ordinary people lack information, have no resources or background, and no one to guide them,
So they only pay attention to the market when the media reports extensively on it.
When you first enter the market, you don't even know what fear is or how cruel it can be.
Although your investment is not large, your ambition drives you to succeed, and you've never felt that money could be earned so easily.
After a small taste of success, various myths of getting rich quickly start to appear in the market.
You begin to regret why you didn't go all in, missing out on a great opportunity.
You start to increase your position and even leverage your investments.
Your speed of making money increases, and you exclaim, if I had known making money was this easy, why even work?
So when you want to go all out, you get taken out instead.
When everyone knows and is heavily invested, that is the peak of the bull market, the easiest time to make money, but also the point of the largest bubble and highest risk.
At this point, you have ambition but no patience, and the outcome is usually a significant loss.
As long as you are an ordinary person, everyone's performance is pretty much the same.
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