Why do many people lose money in the bull market?
Mandy believes that the following reasons are true:
1. When the market falls, people usually dare not build positions in batches to buy at the bottom due to fear of further losses, and miss the opportunity to accumulate chips at a lower cost.
2. Even if they muster up the courage to buy at the bottom, they fail to hold on until the bull market really starts. They are often scared out when the market has a slight correction or the dealer washes the market, and cannot hold on to the subsequent sharp rise.
3. Frequent buying and selling, constant position changes, blindly chasing ups and downs, etc., not only increase transaction costs, but also easily fall into the trap of emotional decision-making, and ultimately miss the continued rise of the bull market.
Of course, there are other reasons, and we all need to overcome these reasons, seize opportunities, and grasp opportunities.
If you have other different opinions, you can comment and discuss with us.
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