Every pullback in the bull market eliminates those speculators with weak wills, especially those whose mentality is on the verge of collapse every day. They can't hold on when it goes up, and they can't hold on when it goes down. Those who smile when it goes up and call it scum when it goes down.
There are also those who missed the opportunity to layout at a low position before, and started waiting for a pullback after the outbreak, but jumped on the train without waiting for a pullback. They were all trapped in a pullback, and then they thought there was no bull market and immediately cut their losses. It won't take long for the market to explode again, and then these people will have a lot of confidence and chase the rise again. However, after chasing the rise again, these people get an experience that they can still rise back after being trapped in the bull market, so they will not cut their losses or stop losses. As a result, they chased the tail of the bull and were trapped at the top of the mountain. They started to pretend to be dead and then really died.
This is the current situation of leeks. There is no complete trading logic, and the mentality follows the market changes. You can never survive like this.
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