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The most ruthless tactic in a bull run is not a big dump, but to make you "voluntarily" get out of positions during the fluctuations!
Do you think the biggest risk is a market crash? Wrong. The real killer move is those seemingly gentle fluctuations — it won't directly crush you, but will wear down your patience with repeated ups and downs, until you give up your chips at the positions you should have held.
The current market has long passed the most panic-stricken phase; the current fluctuations are merely a "stress test" on the road to a bull run. The overall trend remains unchanged, but the market is using this "slow knife to cut flesh" method to filter out the true long-term holders.
Remember two iron rules:
1. You can "buy more as it falls", but don't use leverage - pullbacks during a bull run are often just a halftime break, but leverage can keep you from even making it to overtime.
2. Don’t focus on the intraday chart anxiously; look at the weekly and monthly charts—short-term fluctuations are noise, while the trend is the real signal.
The cruelest truth of a bull run: most people are not washed out by big dumps, but rather they choose to give up amidst endless doubts. And in the end, the winners are always those who can understand the fluctuations and endure the fluctuations.