In the stock market, one needs to cultivate habits of frugality and boldness.

For example, when trading options, some options are very cheap, so you go in to gamble on a direction, fighting an unprepared battle, and end up wasting 200 dollars.

But when market sentiment is extremely panicked, and retail investors start "cursing and crying," perhaps the opportunity arrives. At this time, it's easy to see a concerted effort to go long for a rebound.

Extreme panic requires judging the cause, whether it's from negative news on an individual stock or from policy; if it's an individual stock, you need to judge whether the negative news will cause a significant change to the fundamentals. If so, this stock will enter a sustained decline, like $Oracle(ORCL.US). If the fundamentals haven't changed, then the impact of the negative news will be very limited.

If the negative news comes from a policy year, you still need to judge the fermentation process of the policy event, its impact cycle, and the point where its influence on the economy fades, to determine the duration of its impact on the stock market. For example, the tariff war when Donald Trump takes office in 2025, but once the results of the war are announced and the uncertain reasons are completely settled, the US stock market begins to narrow its decline and quickly achieves a crazy rebound.

There are many opportunities, and there will be many such opportunities during Trump's term. When he enters his fourth year in office, volatility might be a bit smaller, and perhaps then the US stock market will see a small climax.