You bought in at 10
When it dropped to 8, fear began to set in
At 6, you grit your teeth and held on
Then at 5, you became numb to price fluctuations
When it rose back to 7, you ignored it
When it climbed to 8, you secretly rejoiced and thought you would break even soon
Back at 10, you were hesitant about whether to continue holding
When it dropped back to 8, you complained about not selling at the right moment
Back to 10, you decisively sold
But after that, the price surged, breaking through 20, 30, and even 40, you were first shocked and then went crazy, seeing others profit and buying high
In the past few years, I've seen 99% of the people around me behave this way. Entering the market at the peak of a bull market, holding on during the bear market downturn, selling to break even before the bull market arrives, and then buying high again, in an endless cycle
The way is the principle. The principle is the cycle, human nature is also a cycle, so the essence of understanding the way is to grasp human nature and the cyclical laws of development of things
