Making money is easy in bull markets

But losing money is easier in bear markets

🧵A thread on common mistakes new traders make in weak markets🧵 Mistake 1
Giving importance to opinions

Social media is filled with opinions. Right now, many posts compare the current market with previous weak market conditions (2015, 2018, 2022).

But here's the thing—for every comparison you show me of how the current price action will lead to a further decline (based on some price action from years ago), I can show you two comparisons of why it won't.

The truth is that nobody knows for sure.

Remember that fear is most rampant at market bottoms. A recent example is from March 2020, when a lockdown was imposed to stop the spread of COVID-19. This triggered panic selling and NIFTY fell 13% in a single day.

Guess what? That day also marked the bottom of a 40% correction.
Funnily enough, that day also saw the most comparisons and arguments for how this is just the beginning of a bigger stock market crash, and perhaps even the end of the world!