If they’re on the sidelines at all-time highs, that’s a problem.
If they’re in and getting whipsawed, that’s a problem too.
Either way, the outcome is the same: exposure to their capabilities.
And that’s what matters.
Because there’s nothing more humbling than seeing who’s real… and who isn’t.
Only at that stage will they finally get the tuition of appreciating what a real edge is.
This is exactly why so many people default to calling the market “rigged” — it’s a convenient explanation for losses.
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