The market pumps by 3% and suddenly everyone’s euphoric again…
the very same people whose portfolios spot may well be in tatters after months of drawdowns 99%
This is the problem with day trading: too much emotion and too little clarity.
A small rebound doesn’t change the trend, it doesn’t undo management errors and, above all, it doesn’t turn everyone into profitable traders.
There are few truly competent traders to follow in the market.
Many only post when the price rises, disappear during tough times and confuse hype with expertise.
A true trader isn’t measured by their enthusiasm during a pump,
but by how they manage risk, patience and capital when the market gets complicated.
And this also applies to the opposite: those euphoric shorts from yesterday