There is a long-standing saying that when others are greedy, we should be afraid! But under what circumstances should we be afraid? The reason of fear is nothing more than the distortion of short-term market trends and excessive speculation caused by the irrational behavior of market participants. Fear is to control risks, not to chase after ups and downs, and not to join the excitement that you can't understand. But what is fear? Risk, not everyone's greed. When there is gold everywhere, everyone is taking it. Why did you stand by and watch? First, it depends on whether gold is real. Second, it depends on whether it can be taken and whether it violates legal and moral constraints. As long as rational analysis, you can make a choice. Sometimes, when others are greedy, we don't have to be afraid! At present, the market is rising, and the author is still short, but I want to tell those friends who hold shares that you don't need to be afraid. As long as your stock has long-term growth potential, there is no need to panic! You are not afraid to hold firmly when the market falls, so what are you afraid of when it goes up? At present, there are indeed some funds rushing in and then vigorously pulling up. Of course, what follows is the enthusiasm and greed of retail investors. There must be many active short-term customers, but there is no fish in clear water, and it is impossible for a market without speculation to develop healthily! At present, even the management acquiesces in the speculation of some funds in the stock market. Because of such a weak market, even if the daily limit is raised, no one will deliberately suppress some funds. After all, the stock market needs investment and speculation. Investment and speculation are like twin brothers, and neither of them can be less! Without it, the stock market can't operate comfortably and normally! History has proved that the management of all stock markets is a balance between investment and speculation. When the market lacks speculation, transactions are bleak and the market is depressed. The management tried to stimulate the following: when the market speculation was overheated, the bubble rolled and the market was hot, the management tried to cool down or directly burst the bubble; Whether it is soft or hard, a relaxation is enough to explain the management's level of regulation. So far, no stock market in the world can develop and improve itself without management supervision! When the China stock market fell by 50%, you didn't have fear, but you chose to persevere painfully. Then, why are you afraid when it rises and everyone is rejoicing? It is unnecessary not because the stock market begins to reverse, but because the stock market may enter an interval space, in which it begins to fluctuate and adjust, with a rough interval of 2000 to 4000 points and an accurate interval of 2500 to 3500 points. Why do you speculate? It is because the market does not have the conditions for reversal: for example, stock index futures such as margin financing and securities lending have not yet been launched; Tight monetary policy is like a tight spell around the Monkey King's neck, which can only fall off naturally after learning from the classics successfully; Inflationary pressure still exists, and corporate profitability is still running in the downward direction; It takes time for investor confidence to recover, and it also takes time and space for more funds to flow back from banks to the stock market! Although the conditions for reversal have not yet been met, stock trading is the future. According to our analysis and research, margin financing and stock index futures may come unexpectedly, and one-way stamp duty may also be introduced for the stability of the stock market. Does the new fund objectively assume the responsibilities of the stabilization fund that everyone expects? According to the analysis of various situations, before all kinds of news are confirmed, the stock market will still fluctuate and adjust, and what we have to do is to seize the opportunity and select stocks and bands to operate!