$PI You're used to thinking that every rebound is a trap to lure you in, used to earning 20% and not selling, only to get caught in a trap.

So when the real raging bull market arrives, you hold a hundredfold coin, and when it rises 50%, you're scared and quickly cash out to lock in profits. Then in the following months, you watch it soar to the sky, pounding your thighs in frustration, too afraid to get in.
Conversely, that rookie who just entered the market, with no understanding, ends up buying blindly and following the crowd, and ends up with a 100x gain out of confusion.