The real difficulty in trading is not following the trend, but knowing when to stop in time.

This quote from George Soros reveals the root cause of why most people lose money.

The market is always full of all kinds of stories and hype about good news; in plain terms, they’re market-bubble illusions. Most people are easily distracted by various messages, get immersed in the storyline of a big rally, assume the trend will keep going, and can’t bear to get out.

But a small number of clear-headed people understand that every upward trend has an end. In trading, it’s not that hard to enter along with the trend—what’s hard is, when the market is close to ending, not being greedy, not lingering, and exiting decisively to take profit.

Many people have already made money, yet they still think about holding on for a bit more. In the end, the market reverses, and all their unrealized gains get given back—sometimes even ending up losing their principal #Bitmine持有578万枚ETH