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1011 Retail investors are far from over the hump.
That day, clearing out not only wiped out positions but also destroyed the market’s fundamental sense of security. Accounts can be repaired, but the long-term fear of being systemically taken away at any moment keeps recurring.
Currently, retail investors are more cautious and silent, easily triggered by volatility. Not emotional, but trauma still lingers.
The impact is not only at the moment of liquidation but also in every order and hesitation.
As the market moves forward, people's minds are still stuck at 1011.