---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39692455.md"
description: "$XIAOMI-W(01810.HK) My Story of Getting Halved: An Ordinary Worker's Bitter Journey in Hong Kong StocksLet me clarify first: I'm not a Mi fan, just a post-90s worker from a fifth-tier city in the north. I tighten screws in a factory every day, but I've always used Xiaomi products in my life.I first heard about Xiaomi stock in 2023, but I knew nothing about it back then and didn't dare to touch it. I really started paying attention in March 2025, when the internet was full of positive comments about CEO Lei Jun. Many people thought he was genuine and reliable, and this goodwill slowly made me consider investing.I struggled internally for a long time and finally made a bold decision: to go to Hong Kong to handle the relevant investment procedures. I had never traveled far, let alone left the country. I could only prepare the documents bit by bit and apply for the Hong Kong and Macau travel permit. In mid-June 2025, I gritted my teeth and set off for Hong Kong.On the day of departure, a typhoon hit. All flights from Shenzhen and Hong Kong were canceled. I rebooked a flight to Chaoshan, but the high-speed rail was also suspended. I didn't want to give up halfway, so I searched everywhere for cars and took a long, winding route, which took me a whole day.When I arrived at the border crossing, I was dizzy with hunger. I followed the crowd through customs to Kowloon. The cost of living in Hong Kong was too high. I couldn't bear to eat out, let alone stay in a hotel. My only thought was to get things done as quickly as possible. I knew from my research that I'd have to queue, so I just sat on the ground outside the bank, waiting for it to open the next day. It rained in the middle of the night. Cold and hungry, I finally spent HKD 50 on a bottle of water and some bread to fill my stomach. The next day, I was the first in line. The process went smoothly. The moment it was done, I just wanted to go home immediately. I had no desire to sightsee at all, because every penny I had was hard-earned money saved bit by bit, and I couldn't bear to waste it.After crossing the border, I wolfed down a plate of pork knuckle rice. At the airport, I faced another delay of over ten hours. I didn't board the flight home until early morning. When I got home, I collapsed into bed. But at that time, I felt it was all worth it, thinking I could finally invest in Xiaomi.After completing the procedures, I practiced trading by repeatedly buying and selling around the 50-something price level. My mindset was relatively calm. After the YU7 launch event, I became even more bullish on Xiaomi, firmly believing the company was down-to-earth. But then the stock kept falling to around 51. I couldn't bring myself to sell. My account was already showing a paper loss. During that time, I was still on forums comforting others who had bought in, telling everyone to hold on and not sell at a low point.I held on stubbornly through July and August. Finally, the day before the September autumn launch event, the stock surged to 59.9, close to its previous high. Not only had I broken even, but I also made a small profit. I was full of plans to sell right after the market opened post-launch, to take profits and secure the gains.But September 26th became the start of my nightmare. The stock plummeted that day. My mentality completely collapsed. At the 56 level, I went all-in and even added leverage, stubbornly believing a good company wouldn't keep falling and would surely rebound. But what followed was a prolonged, grinding decline for half a year. Every small bounce I thought was a reversal. Every pullback I comforted myself was a shakeout. Later, unable to withstand the pressure, I cleared the leverage, but my principal was already deeply trapped.Now my holdings have been directly halved. I've blamed Lei Jun, I've blamed Xiaomi, but in the end, I only hate myself. Before buying, I even joked with my wife, saying it couldn't possibly get halved at worst. Little did I know those words would become a prophecy.I'm filled with regret. I regret going through all that trouble to get to Hong Kong. I regret going all-in. I regret adding leverage even more. But adults have to pay for their own choices. Now I can only hold on desperately, afraid to move. I'm afraid that if I sell, I'll lose everything completely, and even more afraid that switching stocks will lead to more losses. I can only comfort myself by being a friend of time, lying flat and not moving, leaving it to fate."
datetime: "2026-04-02T06:14:39.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39692455.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39692455.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39692455.md)
author: "[不要着急，可以等等再](https://longbridge.com/en/profiles/22333539.md)"
---

# $XIAOMI-W(01810.HK) My Story of Getting Halved: An…


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## Comments (44)

- **搞一辈子ai · 2026-04-08T08:34:35.000Z**: Still obsessed with the grand narrative, and why put all your eggs in one stock.
- **月小慢 · 2026-04-08T03:55:19.000Z**: If you encounter a lot of obstacles before you're about to do something, it means there's a force trying to stop you, so just don't do it.
- **新用户_Ok2YAF · 2026-04-08T03:38:18.000Z**: Don't sympathize with gamblers.
- **Jie Chen · 2026-04-08T03:35:18.000Z**: This kind of mindset is not suitable for trading any stocks.
- **IPP · 2026-04-08T03:24:05.000Z**: You're already using Longbridge, yet you're still self-censoring here, afraid to trade stocks?
- **大白云 · 2026-04-08T03:21:18.000Z**: I'm a complete newbie. It's quite normal for Hong Kong stocks to be cut in half and then cut in half again.
- **mengcenhongye · 2026-04-08T03:20:38.000Z**: Last year, I made a small profit by selling at around 57 yuan and cleared my position immediately. I haven't touched Xiaomi since then. After that, I've been buying Changfei Fiber, Zhipu, and large models. Even if they drop, they'll rise again. I really don't dare to touch Xiaomi anymore.
- **小媛钱钱 · 2026-04-08T03:20:24.000Z**: It's not that serious, right? Just hold and wait. $XIAOMI-W(01810.HK) I have it too, is holding it a bit longer really that painful...???
- **eryoung2 · 2026-04-08T03:17:10.000Z · 👍 1**: Boss Lei didn't even want to save you after reading the first sentence. If you're not a Mi fan, what's the point of saving you?
- **苟道成神(苟不住) · 2026-04-08T03:12:32.000Z · 👍 2**: Are you trying to make me laugh to death?
- **葫芦墩墩管理员 · 2026-04-08T03:12:31.000Z**: I won't stubbornly stick with one company. Diversify investments, cut losses at predetermined points, and come here to make money.
- **唐同学投资日记 · 2026-04-08T03:11:13.000Z**: Don't have rose-tinted glasses when investing. Once you're in the market, you need to know how to compare. Xiaomi's main business, smartphones, should be compared to Samsung and Apple. Home appliances should be compared to Midea, Gree, and Haier, all of which have single-digit P/E ratios. For cars, 
- **稳定现金流 · 2026-04-08T03:10:19.000Z · 👍 1**: When Tencent launched "Honor of Kings", I bought Tencent at around 260 yuan. It rose to 423 but I didn't sell. Finally, I sold at 280, and then Tencent fell below 240. A year and a half later, Tencent rose to 700, which had nothing to do with me. Conclusion: For a good company, you need to h
- **吉吉达 · 2026-04-08T03:06:39.000Z · 👍 2**: Why is it different from what I saw?
  - **新用户_2WFcI5** (2026-04-08T03:30:31.000Z): Hahahahahahahahaha, an essay worth tens of thousands of dollars
- **雷军来一台瓦罐 · 2026-04-08T03:06:38.000Z**: No? Guaranteed profit? Buying stocks with a short-term attitude that can't withstand volatility? You want to compare who's more unlucky with someone killed by a drunk driver on the road?
- **大展鸿图 八方来财 · 2026-04-08T03:06:02.000Z**: Saying so much, with your gambler's mentality, you're not suited for investing. For the sake of your family, exit the market early.
- **长桥sg用户ccs · 2026-04-08T03:05:42.000Z**: You look like someone who hangs out on Zhihu.
- **财蛋兽 · 2026-04-08T03:05:26.000Z · 👍 4**: That's hilarious, is this a copy from the 'Quit Gambling' forum?
- **灰胡子憨豆 · 2026-04-08T03:05:17.000Z**: I'm still down over a hundred thousand on Xiaomi, but I've already closed my positions. I'll wait for a major upward wave before re-entering.
- **保本才是真 · 2026-04-08T03:04:53.000Z**: Bro, if you've gone overseas, don't mess with Chinese concept stocks.