After reading plendid's post, I also had some

After reading plendid's post, I also had some reflections and insights @S丨plendid

Like many retail traders, for a long time in the past, my life's focus was completely tilted towards trading. Most of my time, emotions, and energy were tied to the ups and downs of the market. My eyes were only on the K-lines, profits and losses, rights and wrongs, gradually forgetting about life. I would wake up in the middle of the night, stare at the market, agonize over price movements. When it fell, I doubted my buying decision; when it rose, I feared missing out, feared a pullback, constantly draining myself internally and feeling extremely exhausted. I was tossed around in the volatile market.

Before June 2026, I firmly believed that Alibaba's mature business model and Tencent's solid cash cow moat were enough to support the stock price stabilizing at the bottom. I recognized the two giants' underlying resilience, cash flow capabilities, and industry position, thinking the valuation had already fully digested the negative news and should usher in a recovery. But reality taught me a harsh lesson: the Hong Kong stock market's trading volume shrank repeatedly, liquidity continued to dry up, and the market kept probing new lows. The logic was right, but the market price was never right. Pricing power in offshore markets lies with foreign capital. The high-interest-rate environment suppressed valuations, funds continued to diverge, and sentiment was extremely weak, forming a negative cycle of falling prices leading to less trading, and less trading leading to further falls. I understood the company's fundamentals, but I couldn't understand the market's liquidity structure and the logic of capital pricing.

Entering July, I remained convinced that the memory cycle was upward, believing the sector trend was still continuing. But just today, merely an 8% miss in SK Hynix's earnings guidance caused the entire memory sector to fall straight to the bottom without any resistance.

I have fully recognized the real gap between myself and professional institutions: in terms of capturing marginal changes, predicting industry inflection points, and correcting expectation gaps, my judgment is far inferior to any industry researcher; in terms of rigorous valuation systems, cash flow modeling, and fair pricing deduction, I am inferior to any professional modeler on Wall Street.

I think the most fatal mistake is only looking at the "big logic, big trend, long cycle," but the short-term pricing of the capital market only looks at "marginal changes, sentiment expectations, and capital behavior." I look at the future terminal value, while capital acts for current risk aversion; I hold onto the logic of cyclical recovery, while institutions speculate on monthly sentiment corrections.

Let's encourage each other.

S丨plendid

In the future, I'll be speaking less and less. I thought about it over the weekend at home, of course, while I was gaming. And I didn't think for too long, it's not a great epiphany, but I realized the ship's bow needs to be turned a bit. I realized that investing might "not make much money."

Don't rush to argue with me, what I mean is that pure stock investment, wanting to directly change one's life is a bit unrealistic. I've actually already tilted most of my time and balance in life towards stock investment. But, this doesn't seem quite right, of course. Those with ample capital and genius traders can completely skip this message, but I'm just an ordinary person. I have a job, not many channels to get information. If I simply use a long-term mindset for short-term operations, it looks like it will be bad. Therefore, your trading level reflects your insight and future vision, constantly fighting in stocks and K-line charts, forgetting life, forgetting yourself, with only wins and losses in your eyes. I'm quite glad I have a job, which can at least make my day somewhat regular, but, not very regular either! I wake up in the middle of the night and check, did I lose or make money today, if it fell should I average down, if it rose should I sell?! It's exhausting! Especially in the recent volatile market, naturally no need to say more, the brokerages make more than I do. I often make a mistake: I buy a stock, and I have my view on its value, but when it falls, I start thinking if I was wrong, bought at the peak, and want to cut losses, but when it rises, I feel I misjudged again, did I just happen to hit a pullback. In short, I will continue trading, but I definitely won't use leverage anymore. I want to reduce trading frequency, learn to adopt a 'lie flat' mindset and become a long-term value future investor.

Also, the so-called turning the ship's bow means reducing frequent trading, becoming a long-term value investor, reducing screen-watching time, reducing noise, returning to life, developing side hustles ( after all, if it really takes off, this is more valuable and stable than stock income ) work hard, my life can't be all stock investment.

Thanks, I've learned a lot of knowledge in this community over the past year, and also tempered my mindset, after all, it's better to know how to fish than just eat fish.

$Micron Tech(MU.US)$SK Hynix(SKHY.US)$Sandisk(SNDK.US)$Invesco QQQ Trust(QQQ.US)

If it rises too much and too consistently, the money made is the money others lost. Therefore, some will use external forces, and after unloading a part, it will eventually come.

The big shots in my heart @京城Z先生 @Value & Investment @Miracle Trader cola @Kunlun Mountain Rock @NVIDIA's Lie Flat Trader @Ryan- @Make Money Great Again @AngerBird @彩子 @韭菜 Who Lost a Building The above ranking is in no particular order～