I dare say that most people who are now trading US stocks, precious metals, and cryptocurrencies entered the market after 2020. Most of them have neither experienced a full Merrill cycle, nor seriously studied economic laws, nor gone through a real economic recession—especially traders from East Asia. The most remarkable skill of these people is their willingness to gamble and their addiction to it, which will teach them a lifelong lesson in the coming years of trading.

Keep yourself alive, and you can still turn things around, because experience is the most important lesson.