In a bull market, the confidence of many retail investors gradually decreases with market fluctuations.

At the end of 2023, many people still expect to achieve 10 times or even 100 times the return.

By April this year, this expectation has been reduced to 5 times.

At present, the goal of most investors is just to turn over their positions.

If the market falls again, many people may only hope to get their money back, and no longer expect large profits.

This change in psychological expectations is very common in the case of large market fluctuations, and investors' confidence and expectations tend to gradually decrease with changes in market conditions.

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