The Fear and Greed Index is at 28, and a bunch of people in the group are already asking whether they should cut their losses.
I bought the dip when it was below 40 back in March, and I’m still holding. I’m up 126.5 yuan.
At 71,912, it’s clear that the moving averages are pressing the price down. Volume is shrinking too—it can’t break lower, but it can’t rise either.
If you’re really scared, just stop watching the charts. The people checking their accounts every day are the ones who sell at the bottom—and chase at the top.
Damn, this market is just testing your patience until your hands shake and you hand over your shares.
Wait for a signal. Don’t make any rash moves. I’ll keep posting live updates tomorrow.