The most frustrating aspect of market trends is that they often reverse just when your emotions are nearing the limit.

In a bull market, sudden sharp declines can occur unexpectedly, while in a bear market, prolonged and oppressive pullbacks are common. These fluctuations are not inherently targeting market value but are constantly testing participants' emotional management and holding logic.

Looking back at history, it’s not hard to see that high-quality assets with solid fundamentals tend to gradually recover after severe adjustments, even reaching new highs. Meanwhile, the chips sold off in panic often end up in the hands of more patient and discerning investors.

Don’t easily abandon your positions when a turning point is near. Every major market fluctuation is essentially a filter for short-term emotions and high-frequency traders. What you hold is not just a number in price fluctuations but a judgment of future value.

Being “trapped” by the market in the short term does not mean a misjudgment; time and fundamentals are the ultimate judges. Those holdings that are misunderstood now may be re-priced at higher levels in the future.

Remember, market volatility tests not just momentary courage but long-term discipline and patience. Only those who truly hold steady and think clearly have the chance to reach the end of the trend.