Have you ever experienced this—

Whenever the market moves even slightly, your eyes are glued to the screen, and you dare not put down your phone for 24 hours, afraid that a turn of your head might cause you to miss a "skyrocketing" opportunity.

But think carefully, are you really missing out on an opportunity?

Sometimes, what you think is a "miss" might actually be a trap you should have avoided.

**What truly causes losses is not missing the big trend.**

The real killer is when you don’t stop when you shouldn’t. A little fluctuation makes your heart itch; the money you earned easily in the trend is gradually worn away by the oscillations. That’s why some say—consolidation phases are the most torturous.

Bullish and bearish forces both get beaten down, no matter how you place your orders, the market seems to be fighting against you.

When losses come, emotions explode. All analysis methods fly out of your mind, leaving only a stubborn urge to fight back. And then? You start to gamble: stop-loss once, twice, three times... until finally, you don’t even set a stop-loss anymore, and the only words in your mind are—"Come back."

In the end, every move looks like a counterintuitive trick. But at that moment, you don’t realize you’ve already lost control.

**The key is this feeling—consolidation phases are the easiest to drive people crazy.**

It’s not because you can’t understand the charts. The real difficulty lies in:

Understanding it, yet still holding back from acting. That’s the biggest test.

You think you’re afraid of missing a pie, but in many cases, that "pie" itself is a carefully laid trap. When liquidity fluctuates in the market, the difference between a novice and an experienced trader is—one can’t hold back, the other can.

The comparison between Bitcoin and gold over these years is also quite interesting. Once the Federal Reserve’s repurchase plan adjusts, the liquidity landscape of the entire market will change. If you’re still blindly trading during consolidation, you’re just fighting yourself.

So now you understand—what’s truly difficult isn’t the market itself, but the psychology behind it.