The market will always prey on two types of people! The first type is the greedy person. The second type is the person who is unwilling to accept defeat. A friend of mine is quite greedy. He made 2 million RMB in one go with the AI ​​Agent, but he was too greedy to sell. When it dropped to 1 million, my friend advised him to sell, but he still didn't, always thinking about the 2 million he made. Finally, it dropped to 200,000, and he sold because he knew he would start losing money if he didn't. During the recent MEME market rally, he made another $50,000. His friend advised him to sell, but he wouldn't listen. Then the price dropped to $30,000, and his friend told him, "This is when you had $1 million back then, sell now." He still wouldn't listen, and finally sold when he had only $15,000 left. Brother Bee originally planned to cut his losses after the tariffs between China and the US were settled, but he was unwilling to do so, and thus watched his assets continue to decline. Even after Trump announced tariffs on Europe, I knew in my heart that the price would drop, but I still held onto a sliver of hope and didn't sell. At that time, ETH was at 3300 on Sunday night. By the end of January, Brother Bee decisively liquidated all his holdings except for BTC, barely avoiding the crash, but still losing a total of 50% on altcoins and Ethereum. If he had sold at a loss in October, he could have lost much less.

The case of Brother Bee perfectly illustrates the "anchoring effect" in behavioral finance—the peak of 2 million became his psychological anchor, and all subsequent decisions were held hostage by this number.

Is Brother Bee my brother-in-law?