Common Psychological Routes in a Bull Market:
Initial Surge: The market suddenly rises, and there's hesitation in the mind, "This wave of increase is too fast, can the bull market really last? I don't dare to chase the highs easily; I’ll wait and see for a while."
Sustained Rise: The market continues to rise strongly, "The bull market has indeed arrived! It has risen so much, yet I still don't dare to heavily invest; I'll start with a small position to test the waters and wait for a pullback before adding more."
Climbing to New Heights: The market soars to new highs, "This surge is too big, missing out would be a mistake! Quickly increase my position, leverage up, with 100,000 I can achieve it; if I miss it, it will be too late!"
Beginning to Pull Back: Technical adjustment, "This is just a small pullback; the opportunity to add positions has arrived! After the rebound, it will continue to rise."
Continued Decline: Panic sets in, "I've lost quite a bit; I might as well cut my losses and exit to avoid further losses."
Prolonged Downtrend: Stalemate, "I’m trapped; I can see my losses expanding. At least I have to wait 3 years to break even."
This is a common psychological change process for many investors during a bull market, often ignoring risks at the peak of the bull market, missing rebound opportunities during declines, and ultimately getting trapped. Therefore, rational analysis and cautious operation are essential to avoid these common traps.