The most notable feature of a bull market is that there will be at least two or three major mid-term adjustments during the entire process, and each time the market will continue to advance rapidly. Unless it is the last decline, all the previous declines are for a better rise, and then each rise is higher than the last. When the last adjustment comes, the bull market will end and the market will fall sharply. Therefore, it is very important to judge as accurately as possible which decline is the beginning of a better rise and which rise is in the final "crazy" period. As each track rotates, market sentiment surges, opportunities increase, and assets begin to increase in value. In this process, I will spend more time on updates and have more frequent dinners, just to judge the public's "enthusiasm" for the current bull market as accurately as possible. From an emotional perspective, this is an important basis for judgment. This stage is the so-called beginning of the bull market. I think the beginning of the bull market is when there are the most opportunities and the fastest time to accumulate capital. In a bear market, everyone is motionless and pretending to be dead, and the market is dead silent; at the peak of the bull market, everyone is close to madness, opportunities are reduced and scams are increased; only in the beginning of the bull market are there more opportunities and relatively high returns . Don't be afraid of the decline at this time. Find as many opportunities as possible. You must find a way to retain your principal and select the ones with the best return on investment among many opportunities, place a heavy bet, and then sell the assets you initially built in stages during the bull market when emotions are highest. After such a cycle, your wealth can achieve a qualitative leap. As for how to judge the last adjustment or the possible bear market phase with a sharp drop, based on my previous experience, I have mentioned before that my judgment on the market at any period comes from: emotional theory + specific market conditions. Emotions have been discussed before. As for the market, the normal process of a bull market should be "volume increase and price increase", that is, the transaction volume of the next wave of increase should be greater than the transaction volume of the previous wave of increase. If there is an obvious deviation in any wave of increase, that is, the transaction volume of the new wave of increase has not reached a new high, or even less than the transaction volume of the previous wave, but the point has repeatedly reached a new high, this is a highly dangerous signal, indicating that the market may change at any time. You must know that once a change in this situation occurs, the damage will be extremely great. During this sprint to the top, don’t be fooled by the skyrocketing market value of your account every day. You must be soberly aware that trend investment cannot reach the peak, and there will inevitably be a certain degree of profit drawdown. If you still keep staring at the account’s former highest market value and fantasize about reaching the highest point, then you are no different from the vast majority of gamblers who are desperate to kill. You are likely to be swayed by luck and ultimately survive the entire "mad bear" and end up in tragedy. Because when people face losses, they always like to take risks. This is the weakness of human nature. It is very easy to lose reason because of losses, thus ignoring greater risks and choosing to go all out. |
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