People believe only after seeing, but the world sees because of belief.

New investors know nothing about the bull market, nor about the bear market. They dare not imagine the top of the bull market, nor the bottom of the bear market. They only dare to think of the top of the bull market as halfway up the mountain, or even the ankle. When the bear market reaches the shoulder, they think it has reached the bottom, but they don’t know that it will be cut in half again.

Only when you have experienced several rounds of bull and bear markets, and constantly summarize, reflect and review, can you understand this market, understand which ones are overvalued, which ones are undervalued, which ones are overvalued in the short term, but optimistic in the long term, etc.

More importantly, it is to perceive the current stage of the market. This is the most difficult part, just like learning a language. The most difficult thing is to cultivate a sense of language, and a sense of language is an invisible thing, which is the most valuable thing.