@Hotspot Master

In the last quarter of 2025, I opened a Longbridge integrated account in November and participated in several Hong Kong IPO subscriptions. The main reasons for the losses on the allocated shares are as follows: 1. Failed to cut losses in time when encountering small-lot grey market trading after allocation. 2. Bought one lot of Impression Da Hong Pao in the grey market, which plunged 35% on the first day. I added positions near the intraday low of around 30% drop. The next day, it rebounded about 10 points but I didn't reduce the position in time. After half an hour, the price fell back to a 7.7-point drop, and I didn't buy the dip for intraday T+0 trading. On the third day, it fell another 6 points.

I hope to complete intraday T+0 trading in 2026 and execute timely stop-loss when grey market declines exceed expectations or exit promptly on the first day.