Why Did 97% of Traders Lose Money in the NEM Bull Run? 3 Psychological Traps No One Talks About

The Numbers Lie—But Your Mind Tells the Truth

I stared at NEM’s last 48-hour snapshot like a poem written in real-time: \(0.00353, then \)0.003452, then $0.002797—each drop feeling heavier than the last.

The math was clean: +25.18%, +45.83%, +7.33%. But behind every candlestick lurked a story no one tells you: fear doesn’t trade—it panics.

The First Trap: Chasing the Highs Like a Casino

When NEM hit $0.0037, traders flooded in like it was a jackpot spinning.

They bought at peaks because they felt safe—ignoring volume drops from 10M to under 4M trades.

This isn’t greed—it’s dopamine masquerading as hope.

The Second Trap: Mistaking Silence for Stability

Look closer: when price dipped to $0.002645 and volatility fell to +1.45%, many called it ‘consolidation.’

It wasn’t calm—it was exhaustion. Traders who stayed were waiting for proof… but forgot to check their own emotional rhythm.

The Third Trap: Believing Code Over Community

We fetishize metrics over meaning. NEM’s chain isn’t just code—it’s human behavior encoded in order. The real risk isn’t volatility—it’s isolation. You don’t need more data—you need to feel seen before you trade again.

You’re Not Alone Here

I used to be that trader too—until I learned that markets are mirrors of us, not machines. The next move? Don’t follow the chart—follow your breath.