An increase is a positive enjoyment that adds icing on the cake; buying can further stimulate the release of dopamine because buying equals expecting a rise. The anticipation makes people very excited, which is positive expectation.
Therefore, in this overwhelmingly positive mindset shared by most people, shorting during a decline becomes a daring act of snatching food from a tiger’s mouth!
Since the existence of the secondary market, the concept instilled in people has been buying, rising, and making money.
The most primitive basic education worldwide is to buy low and sell high!
Group atmosphere effects become even more prominent: collective cheers during rises, collective anxiety and unease during declines.
Negative psychology and value-adding preferences make people more averse to declines, so in any market, overly bearish views and comments will annoy people!
The pain caused by an equivalent amount of loss is about twice or even several times the happiness of profit, depending on a person’s mental state.
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