Trader Eugene: Admitting defeat is often done before the market accepts reality

Odaily News Trader Eugene wrote that the market can often maintain an irrational state for a longer period of time. He believes that in the face of a trend change, it is a wiser strategy to "give up" in advance, just like "if you want to panic, you should panic early." He also mentioned that whenever he expressed such views in the early stage, he usually encountered a lot of doubts, which is actually a reference signal for judging whether he really "stepped on" the trend turning point early.