When the economy deteriorates, who is the first to die?
When the economy declines, the first to go are not the lazy, but those who are overconfident, full of ambition, going all-in, and acting recklessly.
When the market is good, reckless moves can sometimes be successful; when the market cools down, every extra effort you make might be pushing you into a trap.
At this time, working desperately is not about being ruthless, but about being reckless. The more leverage you add, the faster you die; the more you try to make up losses, the deeper the trap; the more you refuse to accept defeat, the e
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