Whether it's investment or speculation, the essence of making profits in the financial market is to buy low and sell high.
At low levels, there is a common phenomenon where very few people dare to get in; the lower it gets, the more fear there is, afraid of being trapped.
Alternatively, they wait for the direction to become clear and then chase it; when it really starts to rise, they want to buy on a pullback, until it reaches a very high position before reluctantly choosing to buy in. However, the charm of compound interest lies in buying at low levels, which has a significant advantage. At high levels, one can only take over or run the risk of participating in high risk.
Even if the price has already squeezed out a lot of bubbles, when the true value is revealed, you panic, and instead, when the bubbles emerge, you squeeze as hard as you can. This is human nature.
I repeatedly emphasize that during market panic, one must restrain their inner fear to welcome the dawn, rather than hesitating.
Many times, it’s not that there are no opportunities; it’s that most people cannot seize them.
Even such a simple principle, why can’t the retail investors understand it? Please remember that classic quote: knowing and doing is the hardest gap for humanity to cross. What you need to do is to integrate knowledge and action. If you can’t do that, how can you have the huge bubble price difference that comes from earning the cognitive gap!