Silas_

$XL2CSOPHYNIX(07709.HK) This volatility is really testing. You need to control your cost basis and position well. Last week someone even told me they used margin to leverage up and all in. No matter what you buy, the margin of safety comes first. You have to leave yourself enough room for error.

$XL2CSOPHYNIX(07709.HK) Don't believe those predictions about short-term stock price rises or falls. If someone had that ability, they'd be the richest person already. You still need to do your own research. If you always rely on others' predictions to decide when to buy and sell, then maybe you shouldn't have bought in the first place.

$XL2CSOPHYNIX(07709.HK) In a one-sided uptrend, the returns are higher than the underlying stock, but in volatile or downtrend markets, the risks of leveraged products become apparent, and the decay is indeed significant. Before buying, you still need to understand what you're buying; don't just blindly follow the trend. Curbing leverage is a good thing in the long run, as the current gambling sentiment is too strong.

$Alphabet(GOOGL.US)$Apple(AAPL.US) Continue to sell options to deleverage and recover cash, observe and observe, prepare to use the profits from the old stocks to buy some recently heavily fallen stocks, see if there are any good opportunities.

$XL2CSOPHYNIX(07709.HK) The fundamentals haven't changed. The market panic is causing a stampede, coupled with the casino-style stock market in South Korea. Therefore, both position sizing and cost control are indispensable. Patience is key while waiting for opportunities.

$Alphabet(GOOGL.US)$Amazon(AMZN.US)$Microsoft(MSFT.US)$XL2CSOPHYNIX(07709.HK) For stocks I'm bullish on, a big drop should be a reason to be happy. The entire month of June was tough, profit retracement was quite severe. I've been trying to bottom-fish the so-called "old man stocks" during the decline, and my mindset is still somewhat affected. I need to strengthen my self-cultivation. The biggest lesson is to stay away from China concept stocks, got completely trapped by Pinduoduo 😂

$XL2CSOPHYNIX(07709.HK) Add positions depending on the situation

$BABA-W(09988.HK) Not much HKD left, buying some

$XL2CSOPHYNIX(07709.HK) keeps getting halted every other day. South Korea has really turned its stock market into a casino, which isn't actually a good thing. When human greed is amplified, it often leads to a mess, and in the end, it's retail investors who suffer. I'll switch positions once the ADR gets listed.

$XL2CSOPHYNIX(07709.HK) Lie flat to get rich, check the market less and trade less.

The Microsoft position is already sufficient. For storage, there are two long positions on Hynix in DRAM and Hong Kong stocks. The profit cushion is good enough to hold without moving. In the past few days of the big drop, I've been adding positions in optical and electric sectors, reducing leverage to hold the underlying stocks for the long term, so I can sleep soundly.

$Amazon(AMZN.US)$Microsoft(MSFT.US) The recent way it's falling is really testing one's patience. Adding to the position in batches.

$Microsoft(MSFT.US) might fall below 350 🤣 If it falls, I'll continue to add to my position.

$XL2CSOPHYNIX(07709.HK)Frequent buying and selling by genius traders often isn't as good as just holding still. Seeing the right opportunity and trading less is more suitable for ordinary people like me.

$Microsoft(MSFT.US) Add some shares and June next year's calls, record it to see if my judgment is correct later.

Recently, the floating profit in the account has been good, and the annual target is about to be achieved ahead of schedule. However, the better the situation looks, the more dangerous it feels 😂. I've liquidated some fragmented stock positions and continue to recover cash. The black swan insurance I arranged earlier continues to be rolled over.

$Taiwan Semiconductor(TSM.US) is a company with extremely high certainty. Half of this year's profits were contributed by TSMC. I'll look for an opportunity to buy more.

$Amazon(AMZN.US)'s sharp V-shaped recovery after a big drop can be considered a relatively extreme market condition. I've gained a lot of new insights and have a deeper understanding of my strengths and weaknesses in investing.