When you buy in at 10 yuan and panic as the price drops to 8 yuan; hold on when it falls to 6 yuan; become numb as it continues to slide to 5 yuan. When the price rises back to 7 yuan, you no longer pay attention; when it returns to 8 yuan, you begin to feel restless; it touches 10 yuan, but you miss the best opportunity due to hesitation; when the price falls back to 8 yuan, you start to regret your initial decision. Finally, when the price reaches 10 yuan again, you choose to sell; when it rises to 12 yuan, you completely cash out. However, the price does not stop and instead skyrockets to 20 yuan, 30 yuan, and even 40 yuan. Seeing others profit handsomely, you re-enter the market at a high point. Reflecting on the past decade, I find that 99% of the people around me enter the market at the peak of a bull market and hold on during the troughs of a bear market, until the next bull market arrives, almost everyone chooses to exit to break even, and then re-enter at a new high. This reflects the cyclical nature of humanity— the endless cycle of fear and greed, hope and despair. The law of the market lies in its cyclical fluctuations, and those who truly understand the 'Dao' are those who can see the weaknesses of human nature and the patterns of market cycles. Mastering this allows one to go further on the path of investment.
For example, the market has now forgotten the #Marvin Musk Dogecoin, all of Musk's dog-themed tokens are worth billions or even tens of billions, while this one is only a few million now; what you need to do is buy it and then forget about it!