I know an aunt who lost more than 10 million yuan. In the bull market of 2015, she started to use her own funds of more than 5 million yuan and made more than 5 million yuan. At that time, whatever stocks she bought rose sharply, and she felt that she did not have enough funds to buy. Later, she opened a financing account, and she was very happy after the financing.
However, the good times did not last long. On June 15, 2015, the A-share market began to fall sharply, and the aunt's stocks began to lose money. She did not care too much at first, thinking that it was just a temporary adjustment and the stock would rebound soon. However, the downward trend of the market became more and more obvious, and the aunt's stock losses became more and more.
The aunt began to feel a little panic, and she began to adjust her positions frequently, trying to offset the losses by buying and selling. However, this approach only made her losses worse. In the end, all her stocks were forced to close, and there was only a little money left in her account.
After the aunt's relatives and friends learned about her situation, they came to persuade her not to continue to speculate in stocks. However, the aunt did not listen to their advice. She thought that as long as there was another meeting, she would be able to earn back her principal. So, she began to borrow money to continue stock speculation.
However, the downward trend of the market did not stop, and the aunt's stocks continued to lose money. She began to feel desperate, her debts increased, and her family life began to be affected. In the end, she had to give up stock speculation and start to repay her debts.
This story tells us that the stock market is risky and investment should be cautious. Stock speculation is not a simple matter, and sufficient knowledge and experience are required. If there is not enough preparation, blindly entering the stock market will only put oneself in trouble. Therefore, we should invest rationally, not covet temporary interests, and have a long-term vision.#XRPS,
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