--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/41408802.md" description: "From January to June, these five months of trading have been like a spiritual practice with a heartbeat, stepping into pitfalls and picking fruits. Today, I sat down properly to review and organize, and also recorded the plan and mindset journey for the upcoming June.1. The Past Five Months: Pits Stepped Into, Fruits PickedAt the beginning of the year, I positioned around the AI+semiconductor track, successively entering US stocks like Intel (INTC.US), Arm (ARM.US), and domestic semiconductor targets in A-shares. Overall, there were gains and losses. The biggest takeaway is that the money made in investing is either a reward for following the rules or a punishment for breaking them. 1. The Foundation of Profit: Stepping on the Right Main Trend, Executing According to PlanAt the beginning of the year, I judged that global AI computing power demand would explode, and the semiconductor industry chain would usher in a new round of an upcycle. Therefore, I clearly defined the main trend layout for the tech track early on. During the market movement from January to April, I strictly followed the pre-established rules: set a 15% profit-taking point, decisively cut losses when it fell below the 20-day moving average, and achieved good overall returns. As of May this year, the cumulative realized profit upon exit exceeded 550,000, completing the annual target of 500,000 in realized exit profit. This part of the profit basically came from operations that followed the plan: for example, building positions in batches during Arm's low-level pullback, taking profits on time when it rose to the expected return, achieving nearly 20% return; entering when Intel's first-quarter results exceeded expectations, capturing the 12% increase brought by AI chip order growth.In May, I focused on the dual main trends of "tech + consumption," adding positions at the 60-day moving average of a leading semiconductor stock during a pullback, subsequently capturing a wave of 20% increase. The monthly yield was 5.54%, just beating the Shanghai Composite Index's 5.53%. This return further confirms the importance of choosing the right main trend and maintaining discipline. 2. Major Pitfalls Stepped Into: Holding on with Luck, Frequent Stock Swapping, Failing to Hold onto Big WinnersThe pitfalls stepped into during these five months are still vivid in my memory and are lessons worth remembering for a lifetime:- Holding on with a sense of luck, single-day drawdown shattering mentality: In late May, I heard favorable rumors about the photovoltaic sector during intraday trading, impulsively added a photovoltaic stock on a whim, without setting a stop-loss point. When it fell, I kept thinking, "Just wait a bit longer and it will rebound," but ended up getting trapped deeper and deeper. That day, the Shanghai Composite Index only fell 0.8%, but my account had a single-day drawdown of nearly 3%, directly losing 44,000, swallowing most of my profits from the first half of May. Later, I realized that all impulsive operations basically end up becoming pitfalls you dig for yourself.- Position mismatch amplifying losses, beating the index but suffering absolute losses: Another reason for that drawdown was that I increased my single-stock position to 25%, and my overall holdings were completely mismatched with the index structure. The index seemed to fall only a little, but my holdings, concentrated in adjusting sectors, suffered significant losses instead. The illusion of "beating the index" can truly shatter instantly in extreme market conditions.- Obsessed with short-term trading, missing out on long-term winners: Actually, I had positioned in Tesla several years ago, accurately betting on the new energy track back then. Unfortunately, I couldn't break the habit of frequently buying low and selling high, clearing positions and exiting as soon as there was slight profit. Looking back, I realized that if I had held firmly, the initial investment of less than 50,000 would have grown to over 1.8 million now, a full 36-fold return that passed me by.I hope Longbridge grows stronger and stronger, safeguarding investors." datetime: "2026-06-03T02:14:16.000Z" locales: - [en](https://longbridge.com/en/topics/41408802.md) - [zh-CN](https://longbridge.com/zh-CN/topics/41408802.md) - [zh-HK](https://longbridge.com/zh-HK/topics/41408802.md) author: "[jamesseny](https://longbridge.com/en/profiles/13785017.md)" --- # From January to June, these five months of trading… ### Related Stocks - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [SFTBY.US](https://longbridge.com/en/quote/SFTBY.US.md) - [9984.JP](https://longbridge.com/en/quote/9984.JP.md) - [ARM.US](https://longbridge.com/en/quote/ARM.US.md) - [04335.HK](https://longbridge.com/en/quote/04335.HK.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md)