The biggest problem for retail investors is overestimating themselves.
When everyone was young, they thought that they were the center of the world, and that the existence of others only served their own existence.
It is not until we grow up that we slowly accept our ordinary reality.
But this idea has penetrated into the depths of our souls and has not disappeared, but has been buried.
In the investment market, this illusion will pop up again subconsciously.
Retail investors like to demand too much of themselves. They must buy at the bottom and sell at the top.
But in the investment market, no one can do this. Even the dealers will not buy at the bottom and sell at the highest when making plans.
The so-called highest points and lowest points are the impulse transactions of a very small group of people in this market. You can say that these people are not very smart.
Usually these people are leeks. They buy when the market is at its highest and sell when the market is at its lowest.
The amount of funds represented by this group of people is very limited and cannot represent the market.
Therefore, we are smart investors when we buy at the bottom of the mountain and sell at the mountainside.