#市场情绪与趋势 Recently, I have seen many analyses indicating that market consensus has shifted to bearish, and some say this could be a sign of a reversal. To be honest, I have heard this kind of opinion quite a few times, but each time I remind myself to stay calm.

Market sentiment does indeed fluctuate, and extreme pessimism or optimism can both signal a turning point. However, we need to understand that this logic often takes a long time to play out in a bear market. We only entered this phase in early November, and rushing to reverse positions now might actually lead to pitfalls.

My experience is: don’t rush to change your strategy just because you see a "consensus reversal." Instead of chasing reversal signals, focus on three things—first, stick to your position plan and avoid frequent adjustments due to emotional swings; second, ensure your asset allocation has a sufficient safety cushion and don’t put all your chips on the reversal story; third, exercise patience for certainty—stay observant rather than aggressive until the market provides clearer signals.

In the long run, those who make money are never the ones who perfectly time every reversal point, but rather those who hold their ground and are not driven by emotions.