Say a very pessimistic future, next year, many people not only cannot escape the peak, but will continue to lose money...
The reason for the losses is due to the following obsessions.
The major obsession is: wanting to sell accurately at the highest point, losing even a penny is a loss!
The minor obsession is: benchmarking against one's own capital (some people are still recovering losses 🤣), benchmarking against one's own high point, benchmarking against the market's high point, etc...