Investing is counterintuitive (negative case)

As early as April, I started paying attention to $HORIZONROBOT-W(09660.HK). Because the market speculated that it would be included in the Southbound Stock Connect in June, and this stock is also a hot topic, there should be arbitrage opportunities. My main positions are in U.S. stocks, and I thought Horizon Robotics wouldn't start rising so quickly, so I did some day trading in late April and early May to practice, perhaps forming some kind of bond...😔

Last week, the calls and feeling of being included in the Southbound Stock Connect became increasingly imminent, so I jumped in during Thursday's morning session, planning to hold for a few days and wait for the southbound funds to push it up (I also really wanted to take advantage of the Southbound Stock Connect funds, hoping for a 10% rise in a day to cash out, sweet🤪).

The first half of the story went as I expected. By Friday's close, the announcement of its inclusion in the Southbound Stock Connect on May 26 was out, and I was secretly pleased. This decision was brilliant, and the month-long wait wasn't in vain, damn it. 😎

As for the second half of the story, you don't need to guess—it's just like today's trend. It opened high but quickly dropped. I wasn't paying much attention to the market during this time, and by the time I realized something was wrong, my account was already in the red😟. But long-term holders needn't worry. The cost basis for Southbound Stock Connect institutions is similar, and prices of 8, 9, or 10 yuan are still within reach.

Today's trend might be the result of multiple factors resonating. The market's consensus was too strong, the broader market was weak, and the auto sector was also declining. Once again, bad timing led to failed arbitrage, another day of being ground down by the market.

Stop trying to predict tomorrow, because 'Man proposes, God disposes.'😇

$Alibaba(BABA.US) $MEITUAN(03690.HK)