Yesterday's market decline caused panic for most, leaving many unsure of where the bottom is. Fortunately, today's rebound has lessened this anxiety.

There is a saying that you only know who is swimming naked when the tide goes out. In this decline, if your drawdown is high and your position loss is significant, you need to pay attention to your position management. There must be risks that you didn't notice before, or you noticed the risks but chose to ignore them.

It's unclear whether today is a rebound or a reversal, but the probability of a direct V-shaped recovery is relatively low; it's still important to be prepared defensively.