Every pullback in a bull market eliminates those speculators with weak resolve, especially those whose mindset is on the brink of collapse every day, who can't hold on when prices rise and can't hold on even more when prices fall. They smile when prices rise and call it trash when prices fall.

Then there are those who missed the opportunity to position themselves at low levels, and after a breakout, start waiting for a pullback that never comes and jump on the bandwagon directly. After one pullback, they all get stuck, and then believe there is no bull market, immediately cutting losses. It won't be long before the market erupts again, and these people regain confidence and chase after prices, but after chasing prices again, they gain an experience that in a bull market, being stuck will eventually lead to recovery, so they no longer cut losses or stop losses. As a result, they chase to the tail end of the bull market, getting stuck at the peak, pretending to be dead until it becomes real death.

This is the current situation of retail investors; there is no complete trading logic, and their mindset changes with the market. This way, they can never survive.

As a seasoned cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the crypto world but don’t know where to start? Follow me and check my homepage to achieve freedom in this bull market.