--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/42423664.md" description: "The reason for the decline: StockPro SanDisk explained it very clearly.It's a technical adjustment, requiring valuation compression and deleveraging. The US stock market is a two-sided market with many derivatives. Stock prices must have two-way volatility for market makers to make money.South Korea 🇰🇷 has only one main theme, so it's one day KTV, one day ICU.Domestically, multiple sectors can rotate in gains and losses.You need to have the psychological expectation of market makers.Often feel like I bought at the highest point.Of course, the best thing is to move less and hold the underlying shares.Gradually correct the weaknesses of human nature.Mid-section (Layered argumentation, core subject)1. Define the true four-layer "anchor": Industry data anchor → Era macro anchor.2. The self-acquisition path of the anchor: Long-term learning, independent thinking, and other internal accumulation.3. The underlying logic of long-term investment competition: Competing in mindset and vision, not clever tricks.4. Market survival rules: Follow the trend, understand the patterns of capital, and compound returns across cycles..2. Logical FrameworkPain point introduction → Break false anchors (relying on content creator bloggers/short-term sentiment) ↓Define true anchors (objective industry + macro era, two major external anchors) ↓Source of anchors (self-precipitation: review, reading, independent thinking internal capabilities) ↓Core of long-term investment success (mindset > short-term techniques) ↓Market elimination rules + Long-term survival methodology ↓Summary and sublimation: Find your personal anchor point.3. Timeline (Text implies three layers of time dimensions)1. Short-term trading time: Daily blogger updates, intraday stock price fluctuations (false anchor, short cycle, easily disturbs mindset)2. Industry performance cycle: H1 2026 corporate earnings forecasts, large factory long-term OEM orders (mid-term industry cycle anchor)3. Ultra-long-term era time: Exploration of human technological boundaries, long-term societal development needs (decades-long trend anchor)4. Personal growth time: Daily incremental progress, lifelong learning (accumulation cycle spanning the investor's entire career)Complete Trading Logic:Step 1: Cleanse cognition, eliminate false anchors.Give up relying on bloggers, etc., using short-term stock price gains/losses as operational basis, avoid being swayed by short-term emotions and others' opinions in account operations.Step 2: Build objective external anchors.1. Track solid industry data: Large factories' large long-term orders, corporate quarterly/semi-annual earnings forecasts, industry supply-demand cycle data;2. Anchor long-term era themes: Match societal development needs, major directions of cutting-edge tech iteration (e.g., AI storage/computing power track).Step 3: Build internal capability anchors.Through continuous review, quiet reading, independent thinking, daily accumulation, form a proprietary analysis system, precipitate a stable mindset.Step 4: Establish long-term trading principles.1. Understand market rules: The market eliminates those with poor thinking and weak mentality, not those with insufficient techniques;2. Execute long-term strategy: Understand group capital behavior, follow industry/era trends, ignore short-term fluctuations, hold long-term compound interest logic.Step 5: Continuous self-calibration.Practice long-term with a stable mindset and broad vision, complete cycle traversal, steadily achieve wealth growth.$XL2CSOPHYNIX(07709.HK)$XL2CSOPSMSN(07747.HK)" datetime: "2026-07-04T05:50:23.000Z" locales: - [en](https://longbridge.com/en/topics/42423664.md) - [zh-CN](https://longbridge.com/zh-CN/topics/42423664.md) - [zh-HK](https://longbridge.com/zh-HK/topics/42423664.md) author: "[嘉禾暖光学习财商](https://longbridge.com/en/profiles/17154496.md)" --- # The reason for the decline: StockPro SanDisk expla… ### Related Stocks - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [07747.HK](https://longbridge.com/en/quote/07747.HK.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) ## Comments (4) - **新用户_nuibili · 2026-07-04T06:37:56.000Z**: Why does a 2x long position on Hynix fall much more than twice as much as Hynix's underlying stock? Yet when it rises, it doesn't reach twice the gain. - **嘉禾暖光学习财商** (2026-07-04T06:53:01.000Z): Sometimes there's a premium that hasn't been smoothed out, the day before it fell 10 less, and the next day it evened out. - **新用户_nuibili** (2026-07-04T08:02:52.000Z): That's too much of a pullback, it dropped 15 points - **牙签** (2026-07-05T13:49:54.000Z): It's already at a huge premium; if it really evens out, it won't be just 15 points.