Everyone has their own “SK hynix.”

In a bull market, there’s no faith collapsing—only the price hasn’t fallen to the right level yet.
In 1991, someone bought the Nikkei 225 and waited 34 years just to break even.
In 2015, someone allocated to P2P wealth management— the principal is still nowhere to be found.
In 2017, someone went all-in on an ICO—going to zero early already became a term in the history textbooks.
In 2021, someone bought in at the high point for NFT profile pictures—now they don’t even have the courage to place sell orders.
Last year, someone chased hot AI concept stocks—after a 50% drop, they’re still waiting for a “technical rebound.”
This year, someone used leverage to bottom-fish some “drawdown-resistant asset”—the leverage was wiped out first.
When it’s going up, everyone calls it value investing; when it’s going down, you finally learn you bought emotion.
What truly determines whether you can survive through cycles is never whether you picked a ten-bagger—it’s whether you have position management, stop-loss discipline, and the ability to keep a bit of clarity when things get heated.
The market never lacks “wealth-making” legends—it lacks the people who can live through the next cycle.