The decline in a bull market is more distressing than the rise

Because a decline in a bull market retracts profits, while a decline in a bear market feels light and breezy, as hope has already been lost.

The emotional intensity generated by losing something already obtained can even be greater than that of just obtaining it; the thrill of sudden wealth only scores 70-90 points, while the emotional blow of losing it all after becoming wealthy scores 190-200 points;

This also explains why profit retracement is more difficult to bear than being stuck in a position...

One of the strongest aspects of a bull market is that there will always be someone washed out by this emotional mechanism, and if the bear market arrives early, everyone enters a state of being stuck and lying flat, making it impossible for the main players to offload their positions, and even harder to get these people to relinquish their chips at the bottom...

Therefore, some people prefer being stuck in a position compared to profit retracement; over time, they even develop a habit of feeling uncomfortable when not stuck.

After all, profit retracement is a process of gradually losing hope, while being stuck in a position is a process of waiting for hope to appear. The former has high expectations, while the latter does not; compared to each other, the latter is more comfortable and also easier to lose money;

In the trading world, there is no comfortable position. If you find yourself feeling comfortable while holding a position, then you are not far from profit retracement.