Yesterday, I mentioned that a bull market can actually lead to significant losses. The post by <归零小哥> elaborates on this in much more detail and is worth reading, especially this part: "Taking profits is not wrong, chasing highs is not wrong, what's wrong is chasing highs after taking profits, not cutting losses after chasing highs, and being repeatedly harvested after being eroded by crazy emotions." This is very apt and I deeply resonate with it. Most veteran investors have probably done something similar, and I have also suffered a substantial loss. This is because the emotions during a bull market can easily make people let down their guard, and even when trapped, they will have a lucky mentality thinking the market will bounce back. However, those who were trapped near the market peak and did not timely cut their losses, choosing instead to hold on, ultimately had no good outcome. What left the deepest impression was a friend who held on for half a year, eventually losing a small target and being liquidated, with psychological pressure tormenting him daily. It was truly miserable, alas.

Yes, it is hard to experience the suffocating feeling of carrying a long order without being hit hard. @jason_chen998 experienced it once, haha

😭😭😭