There are four stages in the market.
Which stage do you think we are in now?
1. Rebirth: Bear market fatigue, the market rebounds, and most people don't notice it.
2. Excitement: The market picks up, and everyone begins to doubt whether the bull market is coming.
3. Ecstasy: Prices rise, emotions are high, but speculators have not yet entered.
4. Crash: The market is frenzy, speculators and large companies are pouring in, and the bubble begins.
These stages correspond to six emotions:
1. Don't believe in the rise
2. Believe that it will fall
3. Rise to the point of not believing
4. Rise to the point of believing
5. Don't believe if it doesn't rise
6. Don't believe it will fall
In summary, the bull market starts in despair, unfolds in doubt, rises in hesitation, and ends in frenzy.
Look at your current positions, which stage are you in?
