This is one of the best contrarian indicators out there. It's just a fact that more people lose money than win when investing in volatile assets. It's almost like the casinos: the house always wins.
But, if you can take the emotion out of it and be buying when people are selling and selling when they're buying, you can usually do pretty well.
Unfortunately, humans are emotional creatures. It's much easier said than done.
Great writeup!!
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