#交易哲学
The emotional swings in the market are like the movement of a pendulum. The pendulum swings back and forth, forming an arc, and the center point of the arc perfectly describes the "average" position of the pendulum. But in fact, the pendulum stays at the center point of this arc for a very short time, and it flashes by. Instead, the pendulum is almost always at extremes, with an extreme point at each end of the arc, and the pendulum is either swinging towards the extreme point or away from the extreme point. But every time the pendulum approaches an extreme point, the inevitable result is that the pendulum will reverse direction and swing back to the center point of the arc, sooner or later, it will definitely reverse. In fact, it is the movement of the pendulum swinging to the extreme point itself that provides the energy for the pendulum to reverse direction and return to the center point.