😒 Novices die from chasing highs, veterans die from buy the dips. After the market crash, there seemed to be signs of stabilization, so I bought some SOL at the buy the dips. I didn't see the specific price, but one thing that impressed me was that at the time, 10,000 U could buy about 70 SOL. I just opened Binance and entered 10,000 USDT again, and found that I can now buy 81 coins. Clearly, the buy the dips failed; instead, they successfully bought at the halfway point of the mountain. The opening line involuntarily came to mind: 💬 Novices die from chasing highs, while veterans die from buy the dips. The last time I was deeply impressed by this statement (even felt it acutely) was during the A-share market cycle two years ago (2007). At that time, after falling from the historical high of 6124, we thought we would soon recover the lost ground and create new glory. And the result? It only shows his ignorance and recklessness. All the profits he made in the early stages were given back to the market, and he also lost a lot of his principal. Losing money is not a big deal; what's important is to learn from it. You can't fall into the same river twice, can you? 🧠 What are the psychological mechanisms behind why beginners tend to chase high prices? Because of FOMO, fear of missing out, and greed, people get trapped at high prices. The problem with beginners is that they are often driven by emotions and easily lose their temper; So why do "veterans" love to buy the dips? Because of EGO, some people felt they were no longer new to the market, blindly trusting their own judgment, and ultimately died fighting against the trend. The problem with experienced people is that they are bound by past experience and cannot break out of the vicious cycle of their own lack of understanding. This actually reflects a problem: the so-called "veterans" are actually just "old hands" who have been in the market for a long time. It's still a long way from evolving into true Smart Money. Doing something for a long time doesn't necessarily mean you've made significant progress in your skills. If you don't believe me, objectively judge whether your parents' home-cooked meals are up to par with those from a roadside eatery. No matter how much I tried to persuade them, my parents were "veteran chefs" who had been cooking for decades. Let go of your ego, respect the market, and learn to "go with the flow".