--- title: "How many stock market crashes have I been through? Which one was the most memorable, and what lessons did I learn from it?" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/42747852.md" description: "Having been in Central for many years, I've personally weathered several major market crashes, learning a solid lesson each time. I've personally experienced several major shocks: the sharp decline due to mainland policy adjustments, the stock market crash triggered by the pandemic, the major adjustments during the interest rate hike cycle, and a few other sharp, smaller corrections. The most unforgettable was definitely the crash during the pandemic. At that time, I was overconfident, thinking I was great at reading charts, and went all in on growth stocks with no cash left. The market kept declining for days, turning paper profits into deep losses. I held onto hope and refused to cut my losses, eventually being forced to liquidate at low levels, suffering heavy losses. That lesson is still with me today, constantly reminding myself: never go all in..." datetime: "2026-07-17T02:04:31.000Z" locales: - [en](https://longbridge.com/en/topics/42747852.md) - [zh-CN](https://longbridge.com/zh-CN/topics/42747852.md) - [zh-HK](https://longbridge.com/zh-HK/topics/42747852.md) author: "[舊事溫茶](https://longbridge.com/en/profiles/2074098993994711040.md)" --- # How many stock market crashes have I been through? Which one was the most memorable, and what lessons did I learn from it? Having worked in Central for many years, I've personally weathered several major market crashes, learning practical lessons each time. I've personally experienced several major shocks: the sharp decline due to mainland policy adjustments, the stock market crash triggered by the pandemic, the major adjustments during interest rate hike cycles, and a few sharp, short-term corrections. The most unforgettable was definitely the crash during the pandemic. At that time, I was overconfident, thinking I was great at reading charts, and went all in on growth stocks with a full position, leaving no cash at all. The market kept falling for days, turning paper profits into deep losses. I held on, hoping for a turnaround and refusing to cut losses, but was eventually forced to liquidate at low prices, suffering heavy losses. That lesson stays with me to this day, constantly reminding me: Never go all in; cash is your amulet in a bear market, giving you ammunition when a black swan event strikes. Avoid concentrating on a single sector; diversifying your holdings is the only way to withstand a major downturn. Set stop-loss levels in advance; don't stubbornly hold on waiting for a rebound. Many stocks can be trapped for years without recovering. Don't try to catch a falling knife in the early stages of a decline; you'll just get trapped deeper. Wait for emotions to cool before buying in batches. Stay away from small-cap, volatile meme stocks in a bear market; with no liquidity, you can get locked in and unable to exit. Many young people only know how to trade in a bull market, thinking a crash is far away. The cycle of bull and bear markets is the norm. You make money in a bull market, but you truly cultivate your mindset in a bear market. Since surviving that ordeal, I've completely abandoned the 'go for broke' mentality. My operations prioritize stability: controlling position size, diversifying, and sticking to stop-losses. Winning in the stock market isn't about how much you make in one trade, but whether you can stay in the market long-term and avoid being wiped out by a single major crash. The most powerful ability in investing has always been preserving your capital.$Hang Seng Index(00HSI.HK) $TENCENT(00700.HK) $BABA-W(09988.HK) $MINIMAX-W(00100.HK) ### Related Stocks - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [00100.HK](https://longbridge.com/en/quote/00100.HK.md)