It's been one year and three months since I opened the account, and without realizing it, I've also achieved double top 1%: top 1% in assets and top 1% in returns. Thanks to last year's innovative drugs $JACOBIO-B(01167.HK)$3SBIO(01530.HK) and this year's storage/CPU $Sandisk(SNDK.US)$XL2CSOPHYNIX(07709.HK)$AMD(AMD.US)$Intel(INTC.US). I also learned to enter on the right side rather than the left.
I'm not a smart person to begin with. I invested in Hong Kong and US stocks only because compliance requirements prevented me from participating in A-share investments, so I turned to Hong Kong and US stocks hoping to earn some extra money. Along the way, I've also suffered quite a few losses.
For example, not knowing when to sell. Although I basically entered innovative drugs at the very bottom, I still exited only after giving back most of the profits during subsequent pullbacks.
For example, I learned not to gamble on short-term options, not to play with expiring options, which are gambling-like trades. These were all lessons paid for with real money.
The essence of investment is still the realization of knowledge. Find undervalued assets, buy them. And you also need to observe market conditions, preferably finding factors for a Davis Double Play.
Last year, because of the massive BD deals like 3SBio's ssgj707 that triggered the Hong Kong innovative drug sector at its lowest point, looking back now, when the BD gamble on $INNOVENT BIO(01801.HK)$QYUNS-B(02509.HK) attracted a large number of insider "snoop dogs" who fled and sold off on the same day, that should have been the time to leave.
I entered this storage wave slowly, building my position when SanDisk $Sandisk(SNDK.US) was at $140. During this period, I also experienced things like shakeout operations going awry, including subsequent switches and adding to positions like $Tradr 2X Long Sndk Daily ETF(SNXX.US), but fortunately, the result was still good. Effort accounts for 30%, luck for 70%.
I'm not confident that I can truly take away much profit. I just hope to perform better this time than last time.
Finally, I hope everyone can make money, invest in the right good companies, follow the trend, and earn money within their circle of competence. 💰
