I once heard people say that stocks are just waste paper and didn't pay much attention. It wasn't until I experienced it firsthand that I realized the weight of this statement.

I missed the big bull market and also didn't encounter a major bear market—until this time. When the real downtrend arrives, the chaotic scene of mud and sand makes people speechless. The various official measures to rescue the market result in "one rescue, one pit," an absurdity that words can hardly express.

It reminds me of an interesting paradox: confidence is more important than gold. Gold, as a general equivalent, becomes worthless once confidence collapses. The value itself is虚的; what truly gives value are consensus and confidence. The principle sounds simple, but only through experience can one fully understand it.

No wonder veteran investors often say that without experiencing a complete bull-bear cycle, one is not truly mature. Long-term muddling through a震荡 market, suddenly facing a terrifying plunge, will leave you completely confused—unable to withstand the true test of the market.

In this round of行情, many have been scarred. But as long as the心气 remains, a spark can ignite a prairie fire, and ultimately there will be a turning point. The new year is approaching; I wish everyone good luck, may all your wishes come true.