If you have NOT been through at least one full market cycle of Bull-Bear-Bull or Bear-Bull-Bear; you may not understand what Uncle8888 is saying … Illusive profits during Bullish market but permanent losses in Bear market.
Over the years Uncle8888 have many coffee sessions with Readers/Starfishes who form the two groups of retail investors:
One group are newbies who have started out investing/trading for one or more years; but they didn’t not achieve the investment return as expected. So they want to find out from veterans who have been in the market; and hopefully they can learn from veterans’ experiences in the market; and see how to correct, revise or adapt their own investing method or strategies to achieve better performance.
The other group have been performing well during bullish market …