BTC fell below 70000, the market was bleak, accounts shrank, and the mood was low. It felt like rushing through a cold winter. But remember, to survive is to win. 1、 Core mentality: Survive first, then make money 1. Don't think about wearing short sleeves in winter: The primary goal of a bear market is to "break even" and "survive", rather than rushing to recoup or make a quick profit. Accept losses and stop unrealistic fantasies. 2. Cash is king, with surplus food in hand, don't panic: Cash is not a depreciating paper in a bear market, but a "ammunition" and "oxygen" for you to pick up cheap goods in the future. Be sure to have sufficient cash on hand and not put all your money in the stock market. 3. Don't be an ostrich, but don't look at your account either: looking at your account every day will definitely make you feel bad. You can watch less, but you can't completely ignore it. You need to regularly check your holdings to have a clear understanding, but not let your emotions be influenced by the timing chart. 2、 Several major issues that must be noted (don't step into pitfalls) 1. Do not blindly "copy the bottom": The bear market doesn't have a bottom: what you think is the bottom may only be halfway up the mountain. It's easy to reach the 'basement' by copying down a shuttlecock. Correct approach: Use the strategy of "fixed investment" or "buying in batches", just like wearing gloves when going downstairs to pick up a knife, layer by layer to spread the cost, don't try to catch it all at once. 2. Avoid carrying on without stopping losses: If your stocks or funds have fundamental issues, their decline may not be due to market reasons, but rather their own failure. In this situation, 'carrying on with one's life' may result in losing everything. The correct approach is to distinguish between a "market downturn" and a "stock explosion". Thunderous and hopeless, cut the flesh if necessary, keep the remaining money. 3. Never use high leverage: In a bear market, borrowing money (financing) or using leverage to invest in stocks can lead to a drop that could result in a "liquidation" and even a chance to recoup your investment. This is the first iron law of survival. 4. Do not easily "switch tracks" to chase hot topics: In a bear market, there may also be brief hot spot rebounds. If you chase after someone else's rise, it is easy to jump from one pit to another and get beaten on both sides. 3、 A few serious things to do in a bear market 1. Conduct in-depth review and check positions: Take a calm look at your stocks or funds, why did you buy them in the first place? Is this reason still present? Is the company's operation and financial condition healthy? Divide assets into two categories: "core assets" and "incorrect investments" (which are hard to distinguish). Keep the core and handle errors. 2. Persist in learning and accumulate knowledge: When the market is good, everyone is busy making money and has no time to study. A bear market is a good time to 'recharge'. Read more financial reports, read more investment classics, and improve your investment system. Prepare for the next bull market. 3. Slowly collect high-quality "chips": For high-quality companies (or broad-based index funds) that you have thoroughly researched and firmly believe in long-term improvement, take advantage of the bear market opportunity and buy them in batches with spare money like regular hoarding. Lower the cost. 4. Manage life well and maintain health: Investment is for a better life. Don't let the stock market affect work, health, and family relationships. Maintaining stable cash flow (salary income) is extremely important at this time. To summarize the survival formula: The mentality should be 'Gou': don't be reckless, just live. Cash should be 'thick': leave enough food for the winter. Slow replenishment: buy in batches, don't hesitate. Leverage should be avoided: borrowing money to trade stocks is a big taboo. Learning requires diligence: sharpening the knife does not mistake chopping wood. Varieties need to be screened: keep the good ones and discard the rotten ones. Finally, remember: when the market sentiment is not good, it will definitely pass, just like after winter comes spring. But when spring comes, you must be present, with seeds and strength in your hands. The current task is to preserve strength, maintain patience, and wait for the right opportunity. You have already surpassed most people in the market by being able to survive in a bear market. Stay calm, we can win!