When the market is highly volatile, the easiest trap to fall into is 'emotional illusion', rather than judgment errors.
When the market rises, all you see is 'the consensus has been reached' and 'structural bull market';
When the market falls, the screen is filled with 'systemic risk' and 'the bubble will eventually burst'.
But you must understand: the market is always changing, and emotions are your greatest opponent.
It's like the weather; sometimes it's sunny, sometimes it's pouring rain. You can't sell your umbrella just because it's sunny today, nor can you give up traveling just because it's raining today. True stability is maintaining a sense of boundaries at all times.
Just like how Powell's speech lowered the expectations of a rate cut in September, but if the subsequent data aligns, the expectations will quickly be adjusted. You can't jump around every time expectations fluctuate; that's not trading, it's binge-watching.
I also want to share a phrase with everyone:
'Versatility is not a multiple-choice question, but a test of endurance.'
When the market rises, learn to slow down and avoid blindly chasing highs;
When it falls, don't panic; the market won't end a trend due to one or two candlesticks.
Always remember—short-term, the market looks at emotions; medium-term, it looks at logic; long-term, it looks at value. Calmness is your greatest asset.