To be honest, the market in 2024 has only been seen by some people in 8 trading days.

It's the 3 days before the Spring Festival and the 5 days after the Spring Festival, on the way from 2635 to 3000 points.

At other times, it is basically a river of blood and corpses everywhere.

Even if the index is rising, the ones who make money are only a small part.

It is not an exaggeration to say that the stock market in 2024 is more brutal than in 2023.

Because there is no increase in funds, but a new game of existing funds, and the retail group is destined to be the part that is sheared.

The smooth sailing of retail investors only exists in a bull market.

In a market where the bull is short and the bear is long, what is experienced more is destined to be a bear market.

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Although some people do make money in a bear market, it is ultimately a small part, and most are "tempering" in a bear market.

Of course, we can also call the tempering straightforwardly as being cut leeks, as paying tuition fees, these are all bloody facts.Losing money is acceptable, but not making progress is not.

Most people actually grow in adversity and eventually succeed in favorable circumstances.

In the past two years, there haven't been any big names in the industry, whether it's fund managers, private equity bigwigs, or speculative capital magnates.

The reason is that there are not many people who have made a lot of money in adversity.

But are those big names really just lucky to have hit a bull market and made their fortune by luck?

In fact, it's not the case. They have found the rules of making money and some secrets in the stock market after experiencing both bull and bear markets.

Accumulating experience in a bear market and wealth in a bull market is the true way of the cycle in the stock market.

What has the three-and-a-half-year bear market given us in terms of growth?

This point is a matter of personal opinion, and everyone should have their own growth. Let's talk about my own growth.Translate the following passage into English: Or rather, let's call it experience and lessons learned.

1. The myth of valuation bubbles and value investing.

The myth of value investing ultimately gets punctured by the bubble of valuations.

In the investment market, there is no such thing as a market that only rises and never falls.

Value investing is beautiful, but it also requires timing and the right value to support it, rather than blowing bubbles.

The collapse of the big white horse in 2021 led to a bear market for more than three years.

But many people still don't understand why the big white horse they bought plummeted.

From originally believing that as long as they held on tightly, they would eventually make money, to the current wailing, the facts have helped us grow.

When more than a million retail investors were still banding together on Longi, the market had already given everyone the answer.

The main force has left, the retail investors have banded together, the trend is gone, the stock price has fallen, the performance has suffered losses, and everything has been shattered.Value investing is just a beautiful ideal for a certain stage, but there will eventually come a day when it will be shattered.

2. Cycles and Reincarnation.

Using cycles and reincarnation to describe the A-share market should be the most fitting.

The long-term 3000 points is actually a cycle and reincarnation.

The reason for being long-term at 3000 points is that everyone has understood that it has become fat, so it has not grown tall.

Most of the stocks in the A-share market are how they rise, and how they fall in the end.

Then a bunch of people cashed out at the top of the mountain, or withdrew and left, leaving retail investors in disarray in the wind.

No one can escape the cycle.

Many people do not understand that this cycle and reincarnation is not the cycle of stock prices, but the cycle of capital.

In the past few years, public funds have entered in a grand manner, and in the past two years, some have already ended in a bleak way.The so-called cycles and reincarnations are actually the process of capital from taking positions, to driving up prices, and finally distributing the positions.

3. The cruelty of the stock market game with existing capital.

In the stock market game with existing capital for three years, retail investors are not just shedding a layer of skin, many have lost all their skin.

Originally, the big fish eating the small fish was already cruel enough, but in the past two years, quantitative trading has also taken a substantial amount of "wool".

In this adversity, the survival environment for the "leeks" (retail investors) is particularly harsh.

Those who make short-term trades are directly stripped by algorithmic trading.

If you want to make a wave, as long as you are a little bit greedy, you will immediately take the elevator, or even leave at a loss.

Existing capital seems to be targeted for harvesting, where there are many retail investors, it is harvested.

Any stocks that are heavily held by retail investors, with a large number of shares, are all falling all the way.

Those individual stocks with millions of shareholders have not yet fallen below the "bottom line".4. The Importance of Rest and Recovery

In the downtime, it is truly essential to understand the need for rest.

Recently, we have been in a typical period of downtime, where it's best not to participate and patiently watch the drama unfold.

The reason why rest and recovery are so important is because market opportunities do not come every day.

Especially after a market trend has ended, it is necessary to take a break for a while.

In a bull market, after a trend has concluded, there will be significant fluctuations and market cleaning, let alone in a bear market.

There are one to two opportunities to make a market trend in a year, and most of the time is spent resting and recovering.

Otherwise, the hard-earned money will be lost.

Long-term investors can claim that they are value investors, always holding on, and short-term traders can say that there are opportunities every day, so they are always busy.

But the reality is that value investing also needs rest and recovery, and short-term traders, when facing a poor market environment, need even more rest and recovery.5. Grasping of Structured Market Trends.

In recent years, 80% of the market trends have been structured.

The occurrence of a general rise is actually becoming less and less frequent.

On one hand, it is because capital has its own preferences, but more importantly, it is due to insufficient capital, which tends towards a game of existing shares.

Grasping structured market trends is actually relatively simple.

Most structured market trends are the absolute hotspots of the market.

In the time of the game of existing shares, finding the direction most sought after by capital to participate in is the most secure.

Moreover, the earlier you get on board, the safer it is, because you have the initiative.

Structured market trends will also be the mainstream of the entire market in the future, as the commonality of capital investment and choice will become increasingly evident.

Learning to find hotspots, main lines, and grasping structured market trends is very important, which is much easier than finding a bull stock.6. The Value of Waiting.

Waiting is valuable, whether it is waiting with a full position or an empty position.

Waiting is an important way to verify in the stock market.

This may sound somewhat abstract, but those who understand will naturally understand.

The market itself needs to be constantly verified, and this process certainly requires waiting.

Many people are eager to see the stock price soar immediately after buying.

This is actually impossible because no one can buy at the lowest point precisely, and even fewer people can buy at the starting point.

Waiting is used to verify whether our judgment of a stock is correct or not.

It is also used to verify whether there are any problems with our trading strategy, buy and sell points.

If there are problems, we should correct them; if not, we should continue to strive, which is the value of waiting.In fact, each point mentioned above, if truly expanded upon, could tell countless stories.

However, many things are only understood by those who have experienced them.

The stock market is an experience that brings knowledge, not just listening to others' rules and principles.

Experience accumulates results, eventually becoming the sediment in the stock market, and ultimately guiding the outcome of making money.