You're still worried about traffic, which means you're still running in place.

The ones who truly make it to the front have already asked themselves: "Who else can see through this game like I do?"

This is not a sense of failure; rather, it’s that you’ve touched the node of the monopolist—those who hold pricing power and control the discourse.

In this market, there is only one defense: making others see where wealth is flowing through your perspective.

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**A complete bull and bear cycle has been completed**

Turning around, it’s another cycle from bull to bear.

K-line charts have changed countless times in form, market tides have risen and fallen, but honestly—most people are still the same, with accounts even emptier than last cycle.

I must responsibly say: this is the most heart-wrenching trading article I’ve ever written. Not because I’m in a bad mood, but because this round, there’s no air left to be gentle.

**First, advise some people to quit**

This content is not for everyone.

If you fall into any of the following categories, I suggest you exit now:

- Still dreaming of a big gamble to turn things around
- Still firmly believing "the next cycle will definitely be different"
- Spending every day glued to the screen, habitually full position, habitually gambling on small points
- Blaming the market or the whales when the account loses
- Exploding emotionally at any pointed criticism

It’s better for you to turn off now.

Because what I’m about to say will be hard to hear.

**The market has long categorized you**

The harshest truth of this cycle is: the market simply doesn’t care about your feelings.

It’s like a sieve, automatically dividing people into three types—

First type: they profit. Some have information advantages, some are highly capable of execution, some truly understand risk management. They have already laid out their plans before the trend arrives, buying the dip and reducing positions during rises. Their account figures are jumping.

Second type: break even. They either are slackers, lucky, or only made one or two small trades. They’re not winners, but they’re not cut too badly either.

Third type (and the majority): accounts shrinking. They’ve experienced countless "wait a bit longer," countless FOMO, countless cut losses. The cycle is over, but they still have nothing.

Which category do you belong to?

**A few facts to recognize**

The most realistic lesson from bull and bear cycles is: this market has never been a fair arena.

1. **Information gap always exists**

Some can sniff out project team movements in advance, some get data first, some are just well-informed. And you? You’re always among those who only learn from headlines. It’s not resentment; it’s the truth.

2. **Mindset determines life or death**

With the same market trend, some go crazy making profits, others lose until numb. What’s the difference? It’s mindset. Those who can control greed and fear, live quite well. Most people can’t do it.

3. **Risk management is ignored by 99%**

Position sizing, stop-loss execution, capital allocation—these seemingly basic things are what determine how long you survive. But in the daily watch room, 99% of people never think about these. They’re thinking: how many times can this coin rise?

4. **The next cycle won’t save you**

Many gamble: if this cycle doesn’t work, the next one will definitely turn around. But statistics tell us that the probability of losing in two consecutive cycles is very high. Because you haven’t learned anything from this cycle. Once habits form, one cycle after another, you keep losing one after another.

**Final words**

I’m not here to spread negativity. On the contrary, I’m guiding those who listen.

If you’ve endured a full bull and bear cycle, you are already luckier than a newcomer. Because you’ve bought lessons with real money. The question is: have you learned?

True defense is making the market operate only through your logic. This is not arrogance of monopoly, but a deep understanding of the rules.

Who will win the next cycle? Not the smartest, but the ones who truly know their own strength.