Whether investing or speculating, the essence of profit in the financial market is to buy low and sell high.

A common phenomenon occurs at low levels. Few people dare to get on the bus. The lower they are, the more afraid they are of being trapped.

Or you can wait for the direction to come out and then pursue it. When it really goes up, you want to fall back and buy again. You have no choice but to buy until it reaches a very high position. However, the charm of compound interest is only obvious when you buy at a low level. The advantage is that the high position can only take over, or run with it at high risks.

Even if the current price has squeezed out a lot of bubbles, the real value will be revealed. You panic, but when the bubble appears, you squeeze in to death. This is human nature.

I have repeatedly emphasized that when the market is in panic, you must restrain your inner fear to usher in the dawn of light, instead of hesitating.

In many cases, it’s not that there are no opportunities, but that most people fail to seize them.

Even if it’s such a simple truth, why can’t Leek understand it? Please remember the classic saying, knowing and doing is the most difficult gap for humans to cross. What you have to do is to combine knowledge with action. If you fail to do it, how can you earn the huge bubble price difference caused by the cognitive gap!

If you are short, you should hold at least 50% of the position at the current position, and the other 50% can be invested according to a certain decline ratio.

Let me emphasize one more point: short positions are the most dangerous when the real value appears.