Half-Year Trading Review and Deep Market Thoughts Part One ~Half-Year Trading Journey + Risk Control Transformation Review

Finally found some time today to summarize my half-year journey in stock investing. $Taiwan Semiconductor(TSM.US) $NVIDIA(NVDA.US) $SpaceX(SPCX.US)

Over the past six months, with several adjustments and repeated operations, the process was quite a hassle. Fortunately, continuous review and optimization led to a final return rate of 56%, completing a full round of practical experience amidst volatility.

I'm very grateful for the constant small black swan events over the past year or two, especially this year's US-Iran geopolitical risk event, which truly helped me understand and establish my own risk control mindset in investing.

To be honest, although I maintained positive returns every year in the past few years, my gambling tendency was heavy, frequently using margin trading, which caused my account to experience significant drawdowns multiple times. I was always too overconfident, convinced my judgment was correct. While the overall strategic logic was right, the tactical execution on the ground was full of holes, often with heavy positions and full margin.

Perhaps luck was on my side. After each major drawdown, my holdings always managed to stage a strong rebound, allowing me to maintain positive annual returns. It was precisely because of this luck that I never truly took the hidden dangers of drawdowns seriously. Although I always had risk control awareness in mind, the execution of risk control was always missing. Until March, I was still habitually using full margin.

Only after the US-Iran geopolitical conflict occurred did I truly calm down and reflect: What kind of volatility would the market face if the Taiwan Strait situation flares up again later? What if I had maintained reverence and strictly adhered to risk control in advance? Would the result be completely different? Looking back over these years, the broader market experiences several pullbacks every year. Why did I stubbornly hold onto positions without knowing how to adjust with the trend?

After this reflection, I truly changed my mindset, began to discipline my trading habits, and strictly implemented risk control and trading discipline.