The scams of the bull market.


Bear markets create lasting traders while bull markets create quitters, scammers, gamblers, and pivoters.
Newbie traders should start trading in a bear market before experiencing a bull market
A bull market is good but it destroys more people than it makes.
90% of traders' problems are created in a bull market.
As a newbie in trading, your failure to become profitable is because you joined the market when everything was pumping.
In such market conditions, you didn't need:
-The right knowledge
-Proper skill sets
-Hard work
-Consistency
To be profitable. All you needed to do was buy what everyone else is buying.
As such, the bull market left you with a damaged mindset and psychology.
Profits made in bull markets are exchanged for limiting and non-profitable habits and mindset after the bull market is gone:
-High expectation (Hopium): small profit doesn't mean anything to you. So, it's normal to chase a $10k profit with $10-$100 capital.
-Ignorance: since you can make thousands of dollars without any research or knowledge about the market. You didn't care to learn.
-Gambling mindset: because you could buy a token with $100 and wake up to $5k profit in your account, you lost the sense of compound interest. As such, you could have $100 capital and have the audacity to risk $50 from it on a single trade.
-Erratic execution of trades without precision: In a bull market FOMO is most times acceptable because, you can enter a trade halfway and it keeps pumping.
-Delusional position outcomes always: bull market makes winning seem like child's play. Which when faced with a bear market and we don't win as much as we did before, we quit, pivot to something different, or call trading a scam.
The market is not a scam, you're the scam the market created. Fix yourself and the market aligns with you.
In a nutshell, if a newbie trader starts his trading journey in a bear market. His success propensity increases by 70%.
That's because it takes several factors to succeed in a bear market. And until you learn and implement it, you can't succeed.
It's why I said bear markets create lasting traders while bull markets create Quiters, scammers, gamblers, and pivoters who mess with the reputation of the industry.
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