What is the source of huge profits? Many people hold the misconception that it’s about cutting the leeks. As a buyer, the seller is your treasure, your partner in the transaction. The enemy of buyers is other buyers competing for the same chips, and the enemy of sellers is those who want to sell earlier than you.

Once you understand this, you'll realize that the true source of huge profits is that, as a buyer, you lack other buyers; as a seller, you lack other sellers.

① The left side is the zone of huge profits, where biases run rampant, the public mocks, and prices are low. This is the moment of “hunting bias.”
② The middle is the breakout zone: biases waver, facts speak louder than words, and shorts turn into longs. This is the moment of “bias explosion.”
③ The right side is the risk zone: biases disappear, consensus forms, and the elderly and grandmas enter the market. This is the moment of “harvesting consensus.”

Things that everyone agrees on are often impossible for anyone to climb out of.
When everyone is optimistic, all potential buyers have already bought in, and what’s left are only sellers!