This market is like a dull knife cutting flesh, slowly painful, yet impossible to escape.
The signals from the main players are very clear: will you sell or not? If not, I will continue to drop a little more, will you sell now? If you don’t sell, I will drop a bit more until you really decide to sell.
Then they will give you one last chance to choose: are you sure you won’t sell? If you don’t sell now, I’m preparing for a big drop, are you sure? As a result, retail investors panic and start cutting their losses and leaving the market.
There are still some people who haven’t sold; they see the price continuously dropping and start to regret, but they are unwilling to accept it, thinking: “If I could just have one more chance, when the price rises back to the previous high, I would sell immediately.” This is human nature, always hoping for one more chance to avoid losses.
However, when you keep losing and see the red numbers in your account getting larger, those initially firm statements—like “I won’t sell at the top of the bull market, if the bull market doesn’t come, I won’t sell”—are all thrown to the back of your mind.
The account oscillates back and forth, losses continue, and over time, the mentality starts to shake, leading to growing fear, and in the end, they still choose to cut losses and leave the market.
