For ordinary people, the secret of a bull market is "buy well and don't move, sooner or later it will be your turn to rise", and the secret of a bear market is "don't touch after selling, sooner or later it will be your turn to fall"
In the early stage of a bull market, new investors are very friendly and encouraged to be reckless.
Therefore, it is very important to observe the transition from bull to bear market with one condition - new investors make money and old investors are warned, which means the market has turned bullish.
The internal logic is that the strategy of making money and hedging in a bear market is poisonous in a bull market. The environment has changed and the method is ineffective.
The reason why a bull market is a bull market is that the essence of the strategy is to "encourage holding, and heavy holders get the maximum benefit"
The strategy of a bear market is the opposite.
Money is the courage of a hero. For ordinary people, the more money they make, the bolder they are. If there is no distinction between new and old investors, everyone is bold and everyone makes money, and the momentum will be weak.
Therefore, "let new investors make money" is an explicit indicator for observing the sustainability of a bull market.
Punishing the bold is obviously not a characteristic of a bull market
