--- title: "Stock Live Trading P218: Alas, white hair grows" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/41958981.md" description: "While washing my face, I discovered an extra white hair at my temple. I plucked it out and rubbed it repeatedly in my hand, filled with emotion. Not even thirty yet, but already sprouting white hairs. Thinking about these years of stock trading, it's been a life of constant upheaval, reversed day and night, staying up until three or four every morning, a rollercoaster of tension, excitement, and wild mood swings, cholesterol levels through the roof, only to end with such a dismal outcome. Probably the only thing in the world where effort and reward are completely out of proportion is stock trading. What can stock trading bring? For most people, it brings empty pockets and a prematurely aged face. The lucky ones are a tiny minority, but everyone thinks they're one of them..." datetime: "2026-06-17T14:35:09.000Z" locales: - [en](https://longbridge.com/en/topics/41958981.md) - [zh-CN](https://longbridge.com/zh-CN/topics/41958981.md) - [zh-HK](https://longbridge.com/zh-HK/topics/41958981.md) author: "[股神小顾](https://longbridge.com/en/profiles/13638348.md)" --- # Stock Live Trading P218: Alas, white hair grows While washing my face, I discovered an extra white hair on my temple. I plucked it out and rubbed it repeatedly in my hand, filled with complex emotions. Not yet reaching the age of thirty, white hair has already appeared. Thinking about these years of stock trading—turbulent, with day and night reversed, staying up until 3 or 4 AM daily, experiencing intense stress, great sorrow, and great joy, cholesterol levels soaring—it all ended in such a bleak outcome. Probably the only thing in the world where effort and reward are not proportional is stock trading. What can stock trading bring? For most people, it brings empty pockets and a prematurely aged appearance. The lucky ones are a tiny minority, but everyone thinks they are one, ultimately becoming the harvested chives.   Although I've only been trading stocks for four or five years, I've been in the investment circle for a full decade. I dabbled in P2P, fishing games, check-ins, and Niu Niu back in the day. How many people can truly get out? Countless people lost their family fortunes, their jobs, their wives, their children, yet they can't let go and persist in gambling. Isn't the stock market just another form of gambling? Once you enter the stock market, it's like a deep sea; you get your energy and spirit sucked away without even realizing it, enslaved and alienated by stocks.   When I was on the shore, I often thought the people underwater were stupid. Clearly, they could quit gambling, repay debts through work, and live a normal life. But it wasn't until I went deep underwater myself that I understood them. People can't truly empathize. When I was struggling in the water, I realized how laughable my previous advice was. Now, when faced with others' advice, I also turn a deaf ear. At this point, I am no longer me, at least not the me I was before. I've already gambled away half my life. How could I possibly quit now? There are only two outcomes: either I die, or I recoup my losses, overflowing with profits. There is no third state. This is the result of my calm and careful consideration. In previous years, with sector rotation and the high-dividend battlefield, I chased hot spots by hitting the daily limit. Now it's extreme global clustering: only memory, optics, and semiconductors in US stocks, only tech in A-shares, and semiconductors in Korea too. Other sectors have fallen apart. Many US software and consumer companies have already fallen to valuations from years ago, while semiconductors can multiply fivefold. The same logic applies to A-shares. The prices of many blue-chip and white-horse stocks are already cheaper than during the stock market crash years ago. Do you think this is normal? Auto stocks keep hitting new lows, mall stocks keep hitting new lows, baijiu, rental companies keep hitting new lows, giants like Pinduoduo, JD.com, and Meituan also hit new lows. No matter your revenue, no matter your cash flow, if you're not on the AI and semiconductor bandwagon, you will fall. Actually, this also shows everyone is pessimistic about the future, believing things will only get worse. Is this logic wrong?   Capital is finite. The crazy surge in sectors like semiconductors is actually the result of capital being siphoned from other sectors. Me buying "old man" stocks is equivalent to shorting them. This process is excruciating. At the very least, value investing this year is a complete joke. But looking at it from another angle, this is also the prelude to a global stock market crash. The whole world is playing a game of musical chairs. Everyone in the world is a gambler, and the market is still rewarding gamblers and punishing those who don't gamble. There's only one final outcome: the bubble bursts, semiconductors plummet 90%, 3x long semiconductor ETFs go to zero. 2x Micron, 2x SanDisk go to zero. This is 100% certain to happen in the future; I'm just not sure which day.   Half a year ago, people were already talking about Micron and SanDisk in my comment section. Now, half a year later, they're still talking about Micron and SanDisk. One of these stocks has multiplied 5 times, the other 10 times. Half a year ago, they were already at high levels; half a year later, they've already stepped on each other's feet into outer space (some are even shouting 2000, 3000, thinking they can cross the galaxy). When Micron was at 300, it had already overdrawn its gains for the next few years. Now at 1000, it must have priced in its gains for this lifetime, right? They all say there's a memory shortage now. A memory shortage for a century? I don't believe it. I don't see the use of this stuff. As someone holding a decade-old laptop, someone who hadn't heard of Hynix, Micron, or SanDisk, I don't think these things can change life. Trump Coin, Pop Mart, Xiaomi, XPeng, Bitcoin—when they were glorious, wasn't there also a crowd hyping them, saying they were going to the stars? Once they quieted down, the shills disappeared. The interesting thing about history is that people never learn from it. They always think this time is different, but in reality, it's the same every time. In fact, A-shares are still the same A-shares; they've just formed clusters, and the index has gone up. The game of musical chairs is still the game of musical chairs. Stablecoins ultimately didn't go to the stars, hovering around 100. NVIDIA's "favorite child" also didn't catch NVIDIA's ride, remaining lukewarm around 100. After the dust settles and time washes over it, everything must return to reality. Before that, please, everyone, enjoy the bubble. ### Related Stocks - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [09992.HK](https://longbridge.com/en/quote/09992.HK.md) - [PDD.US](https://longbridge.com/en/quote/PDD.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [09868.HK](https://longbridge.com/en/quote/09868.HK.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [83690.HK](https://longbridge.com/en/quote/83690.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) - [XPEV.US](https://longbridge.com/en/quote/XPEV.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [HMTD.SG](https://longbridge.com/en/quote/HMTD.SG.md) - [HJDD.SG](https://longbridge.com/en/quote/HJDD.SG.md) - [HPPD.SG](https://longbridge.com/en/quote/HPPD.SG.md) ## Comments (59) - **Hanson199901 · 2026-06-18T02:29:27.000Z**: I feel like you might not be a value investor, 99% of people aren't, including me. - **超级美股韭菜 · 2026-06-18T00:02:30.000Z**: Hello Jiejie👋 - **芈小囡 · 2026-06-17T23:58:54.000Z**: Does anyone think Gu Shen is suitable to be a short drama screenwriter, or even the male lead? He might just instantly surpass the 'Dragon King' in no time. - **不吃香菜的交易员** (2026-06-18T13:32:56.000Z): He has been on the show "Only You," and this path has been proven unworkable by bosses in the cultural and creative field. He's not suited for a salaried job. - **坏市况好投资 · 2026-06-17T21:12:13.000Z**: Refuses to admit mistakes. No wonder they keep losing money. - **拿不住就去进厂 · 2026-06-17T19:22:59.000Z**: Bro, Micron has risen so much, quickly move everything to Micron. - **为了LM · 2026-06-17T19:04:50.000Z**: A bit curious why they ask if they can afford a $2000 per share - **不吃香菜的交易员 · 2026-06-17T18:36:43.000Z · 👍 1**: Seeing the photo posted by Little Gu of a HP laptop with its speaker grille full of stains and covered by a sticky keyboard film, this kind of comment is really not surprising. - **做个俗人吧 贪财好色** (2026-06-18T01:41:43.000Z): The laptop might still have Intel and NVIDIA logos on it.Destiny has actually given hints a long time ago. - **不吃香菜的交易员** (2026-06-18T04:50:54.000Z): Only Microsoft Office on the C side - **拜登的交易员エウベル** (2026-06-18T05:58:49.000Z): Actually, the most valuable part of the stock god's nearly scrap metal computer right now is the storage (RAM+HDD).Stock God: "What is storage? I don't seem to need it." 😅 - **福迎复利 · 2026-06-17T17:56:17.000Z · 👍 3**: To be honest, quite a writer. - **惯性系 · 2026-06-17T16:42:28.000Z · 👍 3**: Misfortune in the stock market is fortune for poets; switch careers and become a writer or poet. Since ancient times, those who have left their names in history are either literary figures or scientists. - **zag · 2026-06-17T16:39:54.000Z**: "The market is still rewarding gamblers," why isn't it rewarding you? - **永久持有有定价权资产 · 2026-06-17T16:27:46.000Z · 👍 1**: Xiao Gu, you're suited for cultural creation, not for investing at this stage. You're too impatient. - **拜登的交易员エウベル · 2026-06-17T16:13:01.000Z · 👍 11**: Classic case of missing out on the rally, feeling anxious but not daring to chase, so can only curse the memory semiconductor sector daily 🤡 - **咪宝的交易员** (2026-06-18T08:31:11.000Z): Hahaha🤣 - **富兰克林在撅嘴 · 2026-06-17T16:09:24.000Z · 👍 4**: I've been thinking lately, why are there people like Little Gu, and how can we avoid becoming the second him? After much thought, I've discovered two core issues that led to such a tragedy: superficial ignorance and excessive sentimentality. Not understanding PEST, Porter's Five Forces, or VRIO; not - **Trustworthy Horse · 2026-06-17T16:08:19.000Z · 👍 2**: If you still can't see the situation and trend clearly, I can only say you're indeed xx. Think about the development of the internet + mobile phone industry and the new energy industry, which basically took about 10 years. Now, AI has only been around for three or four years, and you're saying it's - **¥海内存知己¥ · 2026-06-17T15:51:28.000Z**: Did you buy Micron SanDisk or not? If you did, I'm going to sell. - **冰封无痕 · 2026-06-17T15:25:49.000Z · 👍 5**: A thought triggered by a single white hair…This thing could be written for a lifetime, and it might never even be finished - **ns5ei3听夏雨 · 2026-06-17T15:11:54.000Z · 👍 3**: Gu Shen, have you actually bought into SanDisk Micron or not? This kind of cyclical stock isn't worth your entry. Musk's big rocket is your true direction. Hurry up and buy the SP big rocket. - **小卖部货郎 · 2026-06-17T15:07:06.000Z**: Can Gu Shen afford to buy one share of sndk now? - **Mr.yan · 2026-06-17T15:03:22.000Z · 👍 3**: Today, Xiao Gu had to choose between SanDisk and Micron, and it seems he chose SanDisk. - **清风拂醉月** (2026-06-17T17:17:01.000Z): Sigh, ended up in the same car as the god again😓