# 交易

Mandatory Course on Investment Psychology: Key Points Checklist
1. Market Sentiment Cycle: From FOMO to Panic
Core Manifestation: Anxiety-driven chasing during upswings (FOMO), panic selling during downturns, falling into a "buy high, sell low" cycle
Fundamental Cause: Linear thinking—mistaking short-term trends for long-term ones
Key to Breaking the Cycle: Understand market cycles and practice Buffett's principle "Be greedy when others are fearful, be fearful when others are greedy"
2. **Loss Aversion**
* "As long as you don't sell, it's not a real loss" leads to holding onto losses stubbo