The current market is like a blunt knife slowly cutting meat, which brings great psychological pressure to people.
The main force sends you a signal through the continuous price drop: "Are you going to leave?"
If you don't sell, it will continue to fall: "Still not leaving?"
Then it fell again: "Are you sure you don't sell? If you don't sell again, it will fall sharply!"
Finally, retail investors couldn't help panic and began to sell at a loss.
Some people didn't sell in time. Seeing that the price continued to fall, they began to regret, but they were unwilling to do so. They thought to themselves: "If I give me another chance, I will definitely sell it when the price rises to the previous high."
This is human nature. When the account continues to lose money and the loss is getting bigger and bigger, the initial bold words - such as "I want to get the top of the bull market, and I won't sell it until the bull market ends" - have been forgotten.
In the constant shocks and losses, the mentality gradually changes. Over time, the fear and anxiety gradually accumulate, which eventually leads to their hesitation, and finally they choose to sell at a loss.
