Before I experienced a small stock market crash or even a big stock market crash like the 2008 financial tsunami, I thought that all the trading successes I thought I had in the past were just a moment of glory...

On the road of stock market speculation, a good start is not half the success. The good fortune of the honeymoon period will confuse people, making them think that they have mastered the method and learned it. All future changes will be dealt with by the same method in the market. If they encounter different fluctuation cycles, they will be completely helpless. Therefore, on the road of speculation, a good start is not half the success, but most of the failure.

The rise of the US stock market in the past two years has cultivated many bullish stock gods

Many novices are caught in this sweet honeymoon period. Take the US stock market in recent years as an example. Since the end of the bear market in October 2022, the US stock market has been rising all the way, especially after Trump’s victory in early November last year (2024). The Nasdaq has repeatedly broken historical highs. The new generation of Hong Kong investors continues to invest in US stocks, especially the younger generation of stock market novices. They have all given up Hong Kong stocks and are enthusiastic about US stocks. The US stock market has been heading north for more than two years, and many stock gods have emerged to speculate on US stocks. They think that as long as they buy on dips during corrections, they can always turn danger into safety and there is no need to stop losses. This has been the case with the US stock market in the past two years. Every time they have been able to rebound from the lows after the correction, and then break historical highs again. After so many times, stop losses have become an unnecessary habit. At least every trader thinks this way in his heart.