Trader Eugene: Admitting defeat often precedes market acceptance

On April 25th, trader Eugene wrote that the market can often maintain an irrational state for a longer time. He believes that in the face of a trend change, "throwing in the towel" in advance is a wiser strategy, just like "if you want to panic, you should panic as soon as possible". He also mentioned that whenever he expresses such views early, he usually encounters a lot of skepticism, which is a reference signal for judging whether it is really "early" trend turning point.