The so-called top investors like bear market, the most fundamental reason is that their funds are too big to buy as they say, just like small funds. If you suddenly buy more money, it will increase the cost. In addition, when a really big fund is sold, top selling cannot be considered. The market capacity required to sell 6,543,800 shares is absolutely different from that required to sell 6,543,800 shares. Another skill is that when large funds actually close their positions, it is often the first wave of rebound after the stock market reaches its peak, because retail investors like to pick up cheap stocks. In the early days, it was 100 yuan, but now it has fallen to 80 yuan, and a lot of money will go into bargain hunting. Large funds will use the psychology of retail investors to ship smoothly. You can go and see if many bull market stocks rebounded in the first wave with a large turnover.

The purpose of most China investors to go to the stock market is to make quick money, run after making money, and play short-term. This is not investment, but speculation. People like Buffett are called investors. In a bear market, all stocks have fallen to varying degrees, just like in a discount promotion, the original optimistic brand suddenly got a discount or even lower. At this time, large funds can take the opportunity to continue to suck low. When the bull market comes, they will naturally earn a lot of money. As an ordinary retail investor, there is no need to build a position in a bear market prematurely. Control your hands, don't just copy the bottom. Retail investors have limited funds, so there is no need to open positions in advance. Only when the bottom signal is clear can they start. Big money has the idea of big money, and small money has the game of small money. If you do it well, you can make big money.

It's not that top investors like bear markets. Accurately speaking, it is easier for experienced big funds to control the crazy bull stocks in the bear market, mainly because the bear market can highlight the advantages of big funds. If you trade with the trend, the yield of the rising market is similar. There are many ways for big funds in the falling market to hedge risks, and the advantage of funds can easily control individual stocks to go against the trend. Even if the stock price continues to fall, large funds will turn to intraday trading and have stronger control. Therefore, every time there is a small rebound, retail investors are still considering cutting meat for shares. Stocks controlled by large funds in advance may have more than doubled.

Isn't there a saying that only when the tide is low can you find out who is swimming naked? This sentence is also very appropriate here. The bear market continues to fall, and many news and speculative stock prices are untenable. They start to bubble, and then you can find out which stocks can't be bought. Bear market crash, many of them are herd behavior, and some high-quality white horse stocks will also be killed by mistake. Buying at this time is equivalent to finding a discount chip. When the bull market comes, pigs can stand on the tuyere, not to mention those junk stocks. Sometimes in a bull market, the faster junk stocks rise, the more ruthless they become. If you go in at this time, it is easy to be seen, leading to trading mistakes. Real top investors keep buying and opening positions at low prices in the bear market, and then selling them at high prices in the bull market to earn richer and lower-risk returns.