Bear markets are opportunities, bull markets are the real risks. In a bear market, prices drop, but that's just a paper loss. Meanwhile, your holdings keep accumulating, and high-quality assets become more valuable for the long term as they fall—this is the golden window for real positioning. On the other hand, bull markets are noisy, full of consensus, and driven by hype. They may seem full of opportunities, but in reality, they’re a money trap and a meat grinder for those buying at the top. The majority of people don’t lose money in bear markets—they lose it chasing highs and clinging to fantasies at the peak of bull markets. True traders buy in bear markets and stay cautious in bull markets. They position themselves when no one is paying attention, not when the crowd is celebrating.