牛市四大陷阱，90%股民都踩过！

Group 1 - S&P Global Ratings (China) received a warning letter from the Beijing Securities Regulatory Bureau for failing to adhere to the principle of rating consistency and not disclosing information as required, highlighting issues of transparency in the market [1] - The incident reflects a broader issue where even established international rating agencies can face regulatory scrutiny for lack of transparency, similar to mistakes made by retail investors in the stock market [1] Group 2 - Retail investors often fall into common traps during bullish markets, such as holding stocks waiting for prices to rise, chasing hot stocks, believing in the "stronger gets stronger" mentality, and attempting to catch falling knives [3] - The importance of understanding market dynamics and institutional behavior is emphasized, as retail investors may misinterpret price movements without considering underlying institutional activity [5][11] - The article suggests that the true drivers of stock prices are not just technical indicators but the real movements of capital, indicating a need for investors to focus on quantitative data rather than solely on price charts [11][12] Group 3 - The development of quantitative technology has made data previously accessible only to institutions available to retail investors, allowing them to make more informed decisions [12] - The key to avoiding losses in investments is to identify genuine opportunities versus traps and to understand the actions of capital rather than relying on gut feelings [12]