# 投资心态

Don't mistake "not losing" for skill; failing to take profits is the "admission fee" you pay to the market💸
Many people have an illusion: as long as I don't cut losses and can hold on, I haven't lost🤡
They even treat "the account never hitting new lows over the long term" as a superior form of risk control.
But that's completely wrong❌
In this market, "never losing" is itself the biggest greed🤑
You think you're defending, but you're actually paying a huge hidden admission fee to the market with your time and mindset.
First, failing to take profits is fundamentally a gambler's mentality🎰
20

I have a retail investor friend who fully sold off his holdings during the U.S. stock market circuit breaker in March 2020.
Three months later, he watched in disbelief as those stocks he sold tripled in value.
Later, he said something I’ve always remembered: "It’s not the market that defeated me, it’s me who defeated myself."
Every investor who has experienced bull and bear markets has a story of wanting to delete their account.
The key is not avoiding every decline, but having cards to play when the market drops.
So, is this circuit breaker a pullback to gather strength or a risk wa