After extreme panic, there will inevitably be a violent rebound.

The market went completely crazy today. The indiscriminate sell-off in the morning session was purely emotional panic selling—I've been trading for over a decade and have never seen such absurd price action. When everyone was fleeing, I went in with 50% of my position. It's not that I'm reckless, but this irrational sell-off simply doesn't hold water.

International capital is voting with real money. Barring any surprises, we'll likely see a gap up tomorrow. The Shanghai Composite Index has a chance to recover half of today's losses and return to the annual moving average. Any further downside from here is basically free money.

If the market continues to plunge sharply, I'll increase my position to over 70%. The risk of staying bearish is relatively high now—the policy bottom is already in plain sight, and the liquidity easing card hasn't even been played yet. Extreme panic is inevitably followed by a violent rebound. If you chicken out now, you're a true naive investor. After this technical rebound, any positions below the annual moving average will be blood-stained chips.$Dow Jones Industrial Average(.DJI.US) $SPDR S&P 500(SPY.US) $NASDAQ Composite Index(.IXIC.US) $500沪市(000802.SH) $NVIDIA(NVDA.US)