Last night, a sudden wave of decline erased all the gains from the previous week.

The market has entered a new round of panic, especially when seeing so much money vanish from the account, it’s hard to bear, worrying that the market will continue to fall, contemplating whether to cut losses.

Some people keep slapping their thighs, if only they had sold at the high and could buy back now, how great that would be...

During bad market conditions, various negative emotions arise, everyone must adjust their mindset and not let the gains and losses of one place affect their mentality.

Looking back at history, take this year’s prolonged half-year decline, we have endured it, and no matter how bad it gets now, it can’t possibly be worse than that time.

Generally speaking, before a truly big market starts, there will be a washout; the goal of the big players is to wash out the retail investors’ chips.

For example, when Ethereum rose to 3700, if you didn’t take profits, then a sharp drop would make you slap your thighs.

If the market comes back again and rises to 3700, would you consider selling?

If you can hold on, then after another sharp drop to 3300, would you regret it? If at this time the market rises again to 3700, would you sell?

I think most retail investors would choose to take profits.

If retail investors can still hold on, then there will be another washout, and basically the retail investors’ chips will be washed clean.

The main players will start the market after analyzing big data, once the retail investors have exited.

This is why retail investors who operate frequently will definitely lose money; human nature has been thoroughly studied by the main players.