The journey of a bull market is never a smooth path strewn with roses, but a practice of competing with human nature. Those who ultimately reap the fruits are often the minority who, despite passing through layers of fog, firmly hold onto their faith—because the essence of this game has always been a zero-sum game: some leave with smiles, while others retreat in silence; the profits earned by some are precisely the chips lost by others.
The weaknesses of human nature are magnified at critical moments: when the upward trend first appears, there is a fear of chasing high prices; when a correction comes, there is a fear of deep declines. Most people oscillate repeatedly between 'fear' and 'greed', ultimately becoming mere spectators of the market. In fact, every decline is a baptism of the market, an indispensable tempering in the process of a bull market. Just like the riverbed before the spring flood must experience several dry spells, hidden within the seemingly desolate dormancy is the foreshadowing of the next wave of upward momentum.
When the index corrects, there is no need to rush to deny the trend. Those trend operators who are swept away by panic often regret it when the market resumes its upward momentum—they try to precisely hit every rhythm but forget that the main rising wave of a bull market will never leave too many opportunities for the hesitant. And those who try to take advantage of fluctuations are more likely to exhaust their capital and patience in repeated operations, ultimately watching real opportunities slip through their fingers.
True wise individuals know how to dance with declines. They view corrections as a sieve for filtering chips, picking up the undervalued that are wrongfully punished when market sentiment hits rock bottom; they regard fluctuations as a training ground, tempering impatience in the volatility, cultivating the steadiness of 'remaining unchanged even when Mount Tai collapses before them.' Because they understand: every squat in a bull market is to jump higher; every gap left by corrections will eventually become the scenery when looking back in the future.
Overcoming the fear of human nature is not blind optimism, but certainty after seeing the essence clearly. While others flee in panic during a decline, those who hold their positions are waiting for the fruits to ripen; while speculators worry about short-term fluctuations, those with steadfast belief have already stood at the starting point of the next opportunity. The gifts of a bull market always belong to those who endure the baptism of decline and maintain their original intention amidst the turbulence—they make trend followers miss out before every leap and make speculators regret every hesitation, ultimately reaping their own rewards when the market blooms.
