---
title: "Stock Live Trading P220: People are capable of self-deception."
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42144185.md"
description: "The daily chart has fallen for 6 consecutive days, and the monthly chart has fallen for several months. Since March, oil, defense, and precious metals have all experienced small gains on positive news, only to accelerate their decline. In recent days, even positive news can't drive the market up. The strait closed on Sunday, and I laughed heartily waiting to share the spoils, but on Monday's opening, oil and gold both plummeted. The market has become immune to positive news. As a seasoned investor, this scene feels familiar. I recall Li Mi during the Battle of Luoyang, Bitcoin in 2025, and my analysis from half a year ago. Once confidence is lost, no amount of positive news is useful; the market will only continue its slow, steady decline..."
datetime: "2026-06-24T13:48:55.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42144185.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42144185.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42144185.md)
author: "[股神小顾](https://longbridge.com/en/profiles/13638348.md)"
---

# Stock Live Trading P220: People are capable of self-deception.

The daily chart has fallen for 6 consecutive days, and the monthly chart has fallen for several consecutive months. Since March, oil, defense, and precious metals have all seen small gains on positive news, only to accelerate their decline. These past few days, even positive news can't move the market. The Strait closed on Sunday, and I laughed heartily, waiting to share the spoils, but on Monday's open, oil and gold plummeted. The market has become immune to good news.

As a seasoned stock investor, this scene feels familiar. I remembered Li Mi at the Battle of Luoyang, I remembered Bitcoin in 2025, and I remembered my analysis from half a year ago. When confidence is gone, no amount of good news is useful; it will only continue to decline slowly. Weren't there enough positive catalysts for crypto last November? Wasn't the story compelling enough? The fact is, Ethereum and Bitcoin hit new lows, cheaper than before the institutions entered. The story was great, fooling so many retail investors, endless passersby, haha.

Current precious metals and oil are just like Bitcoin in December; they will likely fall for another six or seven months. But I can't bear to sell at a loss, and I'm too scared to short. I've clearly seen the truth, yet I'm still stubbornly trapped because I've lost too much to let go. Thinking carefully, gold and oil have already had their speculative run. I bought at a high price, betting on a new high after the main theme's correction. I lost the bet, refused to cut losses, and now I'm deluding myself into thinking it's value investing. Isn't that just my left and right brain fighting each other?

People deceive themselves and turn a blind eye to the truth. I still can't overcome myself.

(Article written at 11 AM. After finishing it, not only did I not cut my losses, I borrowed another 20,000 to add to my positions in Shandong Gold, Zijin Mining, and CNOOC. Then it crashed again in the evening.)

My judgment has never been wrong. Why go against myself?

### Related Stocks

- [ABTC.US](https://longbridge.com/en/quote/ABTC.US.md)
- [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md)
- [SBET.US](https://longbridge.com/en/quote/SBET.US.md)
- [07299.HK](https://longbridge.com/en/quote/07299.HK.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)
- [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md)
- [BMNP.US](https://longbridge.com/en/quote/BMNP.US.md)

## Comments (33)

- **北极冲浪 · 2026-06-26T15:26:31.000Z**: Can't you switch to new tech stocks? Why are you still holding onto those old ones?
- **長野原烟花店交易员 · 2026-06-25T21:16:03.000Z**: It's about time.
- **欧皇- Winner · 2026-06-24T23:59:52.000Z**: Is there Microsoft! It keeps falling every day.
- **赚两百万娶185cm女神 · 2026-06-24T21:49:28.000Z**: When to cut losses on crude oil？？？？Told you to go all in on storage but you didn't？？？？
- **长红牛股十倍 · 2026-06-24T16:34:30.000Z · 👍 2**: I don't have much capital, but I've bought so many stocks that it's like a small supermarket.
- **龙场悟道忘忧草 · 2026-06-24T15:58:52.000Z · 👍 2**: Sell all these green ones, then buy to short gold and BTC, and also short the wildly surging storage DRAM, just make a lot of money and that's it. By the way, A-shares' CPO semiconductors are even more ripe for shorting, let's go!
- **poi · 2026-06-24T15:53:24.000Z**: When to sell Meta, my options expire on July 17th
- **奇迹的交易员cola · 2026-06-24T15:47:04.000Z · 👍 3**: Here's a picture of Z for you.
  - **奇迹的交易员cola** (2026-06-24T15:50:38.000Z): @Stock God Little Gu
  - **跟顾神反着买** (2026-06-25T15:14:44.000Z): Z is so dangerous
- **彼得.林奇的交易员Jeff · 2026-06-24T15:37:08.000Z**: The market needs you to inject liquidity, not for the market to adapt to you.
- **阿米巴星人 · 2026-06-24T15:24:34.000Z · 👍 5**: Avoid $Sibanye Stillwater(SBSW.US)$Albemarle(ALB.US)
  - **ウルトラマン** (2026-06-24T15:30:32.000Z): Senior, look at his Albemarle cost of over 150, which means he bought it in the past few days. In other words, someone taught him to buy it in mainland China...
  - **拜登的交易员エウベル** (2026-06-25T02:01:29.000Z): Looks like you spent money to learn from a master again🤣
- **KentC52 · 2026-06-24T15:04:42.000Z**: Just cut Meta loose
- **PUSAN · 2026-06-24T14:34:41.000Z**: ok
- **漂洋过海来炒股 · 2026-06-24T14:32:32.000Z**: Death Note 😂
- **GG_LuLu · 2026-06-24T14:24:53.000Z · 👍 4**: Good news, looks like Xiao Gu can't hold on and is about to cut losses.
- **GLORY · 2026-06-24T14:06:20.000Z**: Shockingly, a death list has appeared 🤣
- **迪迪迪 · 2026-06-24T13:59:31.000Z**: When will Gu Shen cut losses on Pinduoduo, why not go long on MicronMicron reports earnings today, likely to plummet or surge, a golden opportunity
- **zhengyarg · 2026-06-24T13:58:55.000Z**: Too abstract, where did you borrow the money from?
- **陈嘉盈 · 2026-06-24T13:58:08.000Z · 👍 1**: Who is so nice? You managed to borrow 20,000 yuan.
- **ウルトラマン · 2026-06-24T13:55:31.000Z · 👍 12**: The reason is that you insist on believing the market is always wrong, when everyone knows the market is the only thing that's always right. And the so-called 'stock god' Little Gu is actually most like the Qing Dynasty's Empress Dowager Cixi, declaring war on Nasdaq and the S&P 500!
- **西嗯爱姆 · 2026-06-24T13:55:07.000Z · 👍 4**: My judgment has never been wrong, why go against myself?