Today I bought five lots, tomorrow I will buy ten lots, my heart desires to catch the bottom, yet my actions are hard to stop. The rise has not yet been seen, the fall has already been deep, yet my mind remains undecided, thinking of a rebound, I increase my position again. Suddenly I hear bad news, my position is stained blood red, and in the deep night, I am anxious and restless, unable to sleep.
The next day at dawn, I force myself to be alert and check my account's gains and losses, only to see floating losses piling up. I sigh in my heart: "The market price is so low, it can't go lower." So I take the remaining funds and re-enter, bottom-fishing as if it were a life-saving medicine. However, the trend continues downward, and I see no chance of recovering my costs; my position becomes heavier, and my mood grows more chaotic.
Alas! Bottom fishers may act on greed or out of fear, wanting to turn the tide, yet they are deeply trapped in the quagmire. Every time I think 'there is no bottom in sight', it is truly 'the abyss has a bottom'. This is a heart problem, not a position problem!
The bottom-fishing person says:
In the market, the bottom is determined only by momentum, not by price. If you do not recognize the trend, do not enter the market; if you do not have position control, do not increase your position. If you go against the trend, you will surely become a laughingstock for the traders; if you pursue the bottom without a strategy, you will ultimately be devoured by losses.
If one can assess the situation and observe calmly, waiting for the market to clarify before acting, then the 'bottom' can be attained; conversely, if one enters blindly, the 'bottom' will forever be deeper. May you all remember this and be cautious!
