---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43039221.md"
description: "Most people involved in the bubble won't be able to escape, because1. Cost anchoring: constantly fixating on the price before the decline started and their own entry price.2. The 侥幸心理 (wishful thinking) of minimizing losses, waiting for a rebound.3. Companies continuously releasing good news: many companies in the bubble phase will frantically release positive news, as many are not honest companies historically.4. Starting to evaluate companies based on short-term performance and prospects: speculators begin conducting fundamental analysis. For stocks exceeding certain valuations, sentiment drives the market, not fundamentals.5. Group morale boosting."
datetime: "2026-07-29T14:25:37.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43039221.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43039221.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43039221.md)
author: "[不做咸鱼的小明](https://longbridge.com/en/profiles/73.md)"
---

# Most people involved in the bubble won't be able t…


## Comments (1)

- **毛利 · 2026-07-29T15:19:10.000Z**: Relying on human nature is difficult; you need to rely on stop-loss orders and discipline.