In the midst of market fluctuations, investors' psychology often undergoes a series of fluctuations. From the Bear Market bottom of fifteen thousand to the early bull run of twenty-five thousand, then to the mid-bull run of fifty thousand and the late bull run of seventy-four thousand five hundred, each stage represents a window of investment opportunity. However, many people hesitate at the low points, missing the best buying opportunities, and instead feel the impulse to chase the price at the high points.

This phenomenon reflects a common investment psychology: fear prevails at low points, while greed dominates at high points. However, in fact, mature investors should do the opposite. They should be bold in positioning during market downturns and remain calm during market exuberance.

It is worth noting that the structure of future bull markets may be different. We may no longer see that kind of crazy price rise, but rather more adjustment time. This means that the market will repeatedly pull back at the weekly level, providing investors with multiple entry opportunities.

In such a market environment, investment strategies need to be adjusted accordingly:

1. Be patient: Do not rush to chase the price, as panic buying at high points often leads to losses.
2. Seize the opportunity: During each rise, there may be four to five pullbacks, which are all potential buying points.
3. Control your emotions: Whether it is fear at the lows or FOMO (fear of missing out) at the highs, neither should be the dominant factor in decision-making.
4. Long-term thinking: The changes in the structure of a bull run require investors to have a longer-term perspective and stronger psychological endurance.

In conclusion, successful investing is not about chasing the price or panicking, but about making rational decisions at the right time. Stay calm, do your homework, and act decisively when the market presents opportunities; this is the way to win in long-term investing.