
Long-term Value Investor
Microsoft$XIAOMI-W(01810.HK)
Xiaomi was my first stock on Longbridge that helped me make money, I kept buying from 15 to 20, then kept selling above 25, and sold out all above 50.
This time during the decline, I also started bottom-fishing from 36, it oscillated between 31-35 for a long time, and I kept buying, pulling my average cost to 33, later it broke below 31 and I stopped the loss.
After it dropped to 28, I saw relatively strong buying interest appear, bought a small starter position at around 29, but found the rebound weak, and sold again at a bit over 30.
I probably won't buy Xiaomi again in the future, unless there's a qualitative change in Xiaomi's fundamentals.
There are too many good stocks out there, you must not be stubborn when buying stocks, you must, must, must set a stop-loss to prevent losses from amplifying. Only by staying at the table do you have a chance.
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