Many retail investors are asking: is bottom-fishing faster profit or chasing highs? Most people would say bottom-fishing, but that actually indicates a possible reversal in thinking.

Let's first look at the essence of the speed of rise and fall. The decline indeed happens much faster than the rise, which is a market rule. But why are gains slower during upward movements? It's simple—once the main force has a stretching demand, two conditions must be met: retail holdings are extremely low, and control is highly concentrated. When the main force holds most of the chips, how can you easily follow the trend and get rich?

Conversely, why does the decline continue? The main funds at high levels are retreating because arbitrage space is still large, so they keep unloading and smashing the market. Retail investors? When they see the decline, they want to buy the dip, but they jump in before confirming the bottom on the left side. The result? The more it falls, the more they add to their positions, and trapped retail investors accumulate, forming reverse liquidity. Imagine a target crowded with retail investors—what kind of movement would that lead to?

Here's the key point. The strategy of buying the dip on the left side only applies to truly cyclical leaders; only then can the pattern potentially turn around. For those irrelevant targets, no matter how much you buy, it's a waste—after the hype, it still ends up zero.

How to judge whether a target is worth it? Three principles: first, look at market capitalization; second, see if it has leader attributes; third, check if the long-term K-line stays on an upward trajectory. Whether it's commodities or stock index futures, fundamentally they are tools to counteract currency over-issuance, and from a long-term perspective, they are bullish. Your task is to find the wave pattern within the cyclical intervals. The more contradictory the situation, the more you should embrace the leaders.