People who missed the entire market cycle.
One of the most fatal mistakes many investors make during a bull market: "holding the wrong stock" + "not adjusting positions" = missing the entire market cycle. We can analyze this from several angles: trading psychology, strategy execution, and position management.
1. Psychological Trap Analysis
1.
Sunk Cost Bias
You have already invested time and money, so you are unwilling to cut losses, even though the opportunity cost keeps rising.
Inner monologue: "I've already lost 30%, maybe if I wait a bit longer it will come back..."
2.
Anchoring
Anchored by the purchase price, even if the fundamentals of the stock have deteriorated or you've missed the trend, you stubbornly hold on.
3.
Hope & Fear
Hoping for a rebound, unwilling to admit judgment errors.
Fearing that after switching stocks, the original stock will rebound, leading to the internal conflict of "regretting not switching and regretting switching even more."
2. The Real Cost of Missing a Bull Market
If during a bull market:
You are "stuck" in a weak stock, with a rise of less than 20%
While the leading stocks have risen by 100%-300%
You are not actually "not making money"; you are losing the money you could have earned (opportunity cost).
3. Practical Strategy Recommendations
1.
Set a "Time Stop Loss"
In addition to price stop loss, establish a strategy of "if it doesn't rise within a month, I will exit"
Force yourself to redirect funds to "strong main line stocks"
2.
Regularly Review Positions
Conduct a "position assessment" weekly/monthly
Ask yourself one question: "If today I were in cash, would I still buy it?" — If the answer is no, then it's time to adjust your positions.
3.
Follow Trends, Respect the Main Line
In a bull market, you must follow the main trending stocks
When sectors rotate, if old stocks have no volume and no themes, they are out of date, don't cling to them.
In summary:
A bull market is not for "breaking even"; it is for "doubling down". Don't let your funds dwindle on a failing stock.