Crypto KOL Community & Market Trends

I got bored eating and scrolled through X’s For You recommendations for a while. What the fuck is this shit? Although I barely ever browse Xiaohongshu, it seems like X has fucking turned into Xiaohongshu; damn, have all the A8A9 gurus gone broke? Did they all switch to chasing mass traffic and leeching off Musk? This is unbearable. I clicked “Not interested” a bunch of times, and my eyes are about to go blind.

The 12 Deadliest Stock Market Fantasies for Retail Investors:
1. It’s already fallen this much. It can’t possibly fall any further, right?
There’s always a basement beneath the floor, and eighteen levels of hell beneath the basement.

2. I can definitely buy in at the exact bottom.
No one can accurately predict the bottom of the stock market. Those who blindly believe they can catch the bottom often end up buying halfway down the mountain and becoming bagholders.

3. It’s already risen so high. How could it possibly go any higher?
There is no ceiling on the growth of a good company.

4. It only costs a few dollars. How much could I possibly lose by buying it?
A $1 garbage stock that falls to a penny can still cause you to lose 90%. Cheap doesn’t mean good. Bad high-priced and low-priced stocks can be equally brutal on their way to zero.

5. As long as I don’t sell, it will eventually recover.
Holding on until you break even is the biggest fantasy of all. Many declining companies with deteriorating fundamentals see their stock prices fall for a lifetime, never recovering.

6. It’s always darkest before the dawn. I’ll be fine if I can just tough it out.
You think it’s darkness before dawn, but it may actually be only the beginning of dusk, with a long, cold polar night still waiting for you.

7. As soon as it gets back to breakeven, I’ll sell immediately.
After finally waiting for a stock to recover to breakeven, people often rush to sell—only to dump a high-quality stock just before it takes off, throwing gold away as if it were garbage.

8. Big companies are very stable. They can’t fall that far.
There are no absolutely safe havens in the stock market. Once an established giant fails to keep up with the times, it can go bankrupt and plunge harder than anything else.

9. I held it for so long and nothing happened. The moment I sell, it takes off.
Investing requires tremendous patience. Often, the very second after you lose confidence and sell at a loss, positive news starts pouring in from everywhere.

10. I’ve already lost so much money. I’ll never buy stocks again.
Quitting the market completely after getting burned once is like refusing to eat after choking. It only causes you to permanently lose the opportunity to use the stock market to grow your assets.

11. I missed this huge winning stock. I’d better quickly buy a second-rate stock in the same sector to make up for it.
If you missed it, you missed it. Buying a second-rate company that follows the trend and rides the hype just to make up for it is often the beginning of falling into a second trap.

12. If the stock goes up, it means I chose correctly; if it goes down, it means I chose incorrectly.
Don’t mistake short-term luck for personal ability. Short-term fluctuations in a stock’s price are merely trading sentiment and cannot determine whether your judgment of the company’s fundamentals was right or wrong.

If all 12 apply to you, close your brokerage account immediately!

Micron has fallen back to $950 again—dare to get on board?

First, look at the surface: explosive earnings, yet the stock price is falling.

Last quarter’s revenue was $41.46 billion, up 346% year-on-year, while EPS came in at 25.11, far above expectations. HBM capacity is sold out through 2027, and the White House is even helping shield it from competitors. And then? It surged to $1,011 yesterday, only to return to $950 today. Retail investors are baffled, while institutions manipulate the market and repeatedly harvest their gains.

First question: Is the pullback because something went wrong with the company? Think it through yourself.

Micron’s HBM3E/HBM4 is directly tied to NVIDIA’s AI chips. Every data center is scrambling for supply, with orders booked through 2027. BofA reiterated its Buy rating with a price target of $1,550; New Street upgraded it to Buy with a $1,250 target. The consensus rating is Strong Buy, with an average target around $1,500—more than 50% above the current $950.

So why is it falling? The only explanation is that it has risen too much and needs to shake out weak hands.

Second question: Macro tailwinds are blowing, and risk appetite is returning.

July nonfarm payrolls unexpectedly turned negative, the unemployment rate was 4.1%, signals of an economic “soft landing” were clear, and CPI rose a moderate and manageable 3.4% year-on-year. The Federal Reserve will most likely keep rates unchanged or even cut them next year.

What does this mean for high-growth tech stocks like MU? Rising rate-cut expectations = lower discount rates = more room for valuation expansion. On the macro front, every wind is blowing in a favorable direction.

Third question: Technically, the signal is very clear at this level.

$950-$960 is a support zone formed by previous highs, as well as a dense convergence of the 20-day and 50-day moving averages. After stabilizing and rebounding from around $740 at the end of July to $1,011, the current pullback has landed right on key support. RSI has fallen from overbought to neutral, while MACD momentum has slowed but the trend remains intact—classic “healthy pullback” structure.

As long as $950 holds, the pullback is a buying opportunity, not a reversal.

The facts are laid out in the battle between bulls and bears:

The bulls have plenty of confidence:

HBM capacity is sold out through 2027—not a cyclical stock, but the “shovel seller” of the AI era

Investment banks are unanimously bullish, with an average target of $1,500 and potential upside of 50%+

The White House is pressuring the exclusion of Chinese memory makers, allowing Micron to reap the benefits

A macro “soft landing + rate-cut expectations” environment is extremely favorable for growth tech stocks

The bears have only these cards:

It has risen too much, so profit-taking needs to be absorbed

Capital rotation in the market means short-term sentiment needs to recover

If it breaks below $900 on heavy volume, it could retest $850-$800

Key levels

Upside resistance: $1,000 (psychological threshold) → $1,036 (yesterday’s high) → $1,100+ → $1,255 (ATH)

Downside support: $920-$900 (hard stop-loss line) → $850-$800 (deep pullback zone)

Trading strategy

Futures traders:

Take a small long position around $950, with a stop-loss at $920 and a target of $1,000-$1,050. Chase the move if it breaks above $980 on heavy volume, with a stop-loss at $950.

Spot swing traders:

Build a position in batches around $950, adding a second tranche near $900. Keep the total position below 20%. Set a stop-loss at $880, with a target of $1,100-$1,200.

Long-term believers:

Below $900 is the golden pit of the AI supercycle. Analysts see $1,500, while the aggressive target $1,800+. Buy in 2-3 batches and hold for 1-2 years.

MU is now in the stage of a “good company meeting a good price”—

Explosive earnings, orders booked through 2027, and unanimous analyst bullishness, yet the stock price has been pinned around $950 by short-term sentiment.

By the time you confirm that it is “stable,” it will already be back at $1,200.

Every time “good earnings but a falling stock price” appears, it is an institutional trick; every 5% pullback is money handed to smart people.

What is your cost basis for MU?

At $950, do you dare to get on board?#Gate事件积分系统上线 #我的七夕交易分享 #Gate7天净流入全球Top3 $MU $SNDK $SK Hynix $Samsung Electronics

How to Make 10x in a Year? These Stocks Do the Dirtiest Work and Make the Most Money!
1. Their names sound boring, or even funny
Don’t choose names that sound highfalutin, like quantum technology or genetic intelligence. The more down-to-earth the name, and the more it sounds like a small-town company, the less likely big institutions are to pay attention. That makes it more likely to be undervalued.
2. The work they do is dull and tedious
How brutally competitive is chipmaking or artificial intelligence? By contrast, boring businesses like making cardboard boxes, cleaning toilets, or sealing manholes often make a fortune quietly.
3. Their businesses are disgusting or something people avoid
Cleaning up oil stains, processing garbage, clearing sewage pipes… Industries that make people wrinkle their noses often hide extremely high profit margins. If no one else wants to do it, but you can do it well, you’re the boss!
4. They were spun off from a major company
When a parent company spins off its most profitable business and lists it separately, it’s basically handing you a ready-made cash cow, while also doing its best to ensure it thrives.
5. Fund managers and analysts pay no attention to them
No research reports, no one touting the stock—that means it hasn’t been hyped yet. By the time they discover it, you’ll already be reaping the rewards.
6. The market is full of negative rumors
When rumors are flying everywhere, the stock price is often at its cheapest. It’s easy to check what’s true and what isn’t. While others are scared away, you can pick up a bargain.
7. The work they do makes people feel depressed or unhappy
Running funeral homes, providing addiction treatment, handling corpses… The more depressing the business, the less competition it faces and the fatter the profits.
8. They operate in a low-growth or even no-growth industry
Everyone crowds into high-growth industries, quickly starting price wars that wipe out their profits. But in no-growth industries, the weaker players go bankrupt one after another, allowing the surviving winners to capture the entire market!
9. They have their own little territory
Others can’t get in, or can’t compete even if they do. The deeper the moat, the steadier the profits.
10. Their products have to be bought repeatedly
Medicine, beverages, household necessities, tissues… Customers have to keep reaching for their wallets, making the cash flow as steady as a money-printing machine.
11. They use high technology to reduce costs rather than manufacture high technology
Companies that use machines to improve efficiency and lower costs are much more reliable than tech stocks that talk up stories all day.
12. Company insiders are buying the stock themselves
When executives and directors invest their own money, it shows they have the most confidence in the company. That’s more convincing than any analyst recommendation.
13. The company is buying back its own stock
Management believes the stock is undervalued, so it uses cash to buy back and retire shares, effectively giving you, the shareholder, more value.
This is no easier than going to a farmers market to find an invisible tycoon wearing a tattered cotton-padded jacket with pockets stuffed full of money! 😂

$BTC ETF funds suddenly flowed back across the board!
Net inflows totaled $298 million in a single day.
All four major crypto ETFs turned positive!
Institutional buying is starting to pick up again.
This wave of fund inflows is looking increasingly promising!
On August 17, U.S. BTC ETFs saw net inflows of $297.56 million, while ETH ETFs saw net inflows of $30.85 million. More notably, LINK and AVAX ETFs also recorded positive inflows, attracting $2.07 million and $514.6k, respectively.
Funds are no longer returning only to BTC and ETH—they are beginning to spread into more crypto assets. As long as this rhythm of “mainstream coins attract funds first, then capital expands outward” continues, market risk appetite could recover further, and altcoins will gradually benefit from the spillover liquidity. $ETH $SNDK
All the ETFs turning positive makes the return of funds increasingly clear.
Once BTC stabilizes, high-Beta assets may be next in line to take over!

Oh no, oh no, AI got to enjoy labor laws first! It’s got it way better than we do.

THIS COULD BE THE SIGNAL BEFORE THE NEXT #Bitcoin BULL RUN
BTC/Nasdaq ratio has dropped 64% from its 2025 peak.
Sound familiar?
2018 → massive drawdown → $BTC eventually regained leadership
2022 → massive drawdown → $BTC eventually regained leadership
Now the ratio is only 15% above its bottom.
That’s NOT a confirmed trend reversal yet.
The key level: 3.0
🔴 Below 3.0 → BTC continues to underperform
🟢 Above 3.0 → BTC starts outperforming Nasdaq
The moment BTC/Nasdaq reclaims 3.0, the market could enter a completely different regime.
Watch the ratio. Not the noise. 👀

At $64,150, would you add to your BTC position?

Look at the surface first: it has been ranging for a month, and everyone is numb.

Over the past 30 days, BTC has moved from $60k to $66k, unable to move higher or lower. Retail traders are shouting, “The longer it ranges, the harder it falls,” while bulls are saying, “It’s building up for a breakout.” Yesterday’s price was $64,150, right in the upper-middle part of the range.

The entire market is waiting for a direction. The daily chart is above the 20-day and 50-day moving averages ($63,800-$63,900), but the descending trendline at $64,500-$65k is directly overhead. A direction is about to be chosen.

First: Rate-cut expectations are heating up, but don’t forget that the FOMC minutes are due tomorrow.

July retail data was soft, while CPI was moderate (3.4%), further cooling market expectations for rate hikes. BTC rebounded from $62,600 to $64,150, and shorts were liquidated in a wave.

Tomorrow (August 19), the FOMC meeting minutes will be released. There were three dissenting votes at the July meeting, favoring a rate hike, and the minutes will reveal the extent of the internal divisions. If the minutes are hawkish, this rebound could be a “dead-cat bounce”; if they are dovish, $65,000 could be pierced directly.

Second: ETF inflows have turned into outflows again, so the “institutional bull market” you imagined has not arrived yet.

On August 17, spot ETFs saw net inflows of $298 million, contributed by IBIT and FBTC, and the community exploded: “The institutions are back!”

But year to date in 2026, ETFs as a whole are still in a net outflow position, totaling as much as $4-$5 billion.

Institutions are currently doing more swing trading rather than firmly accumulating. It is true that total ETF holdings still exceed 1.2 million BTC, but the volatility in flows shows that they are also selling high and buying low.

Third: Technically, the market has reached a critical point where it is “move in or fall behind.”

The 4H chart is showing the initial shape of a “higher low,” while a daily close needs to hold above $64,500 to be convincing. If it breaks out, the upside opens toward $66,300-$67,000; if rejected, it could retrace to $63,000 or even $62,200.

MACD is neutral, RSI is not overbought, and volume increased during the rebound but is insufficient to confirm a breakout.

But the longer the consolidation lasts, the stronger the breakout can be.

The bull-bear battle—judge for yourself

On one side:

Moderate CPI + weak retail sales, with rate-cut expectations heating up

$298 million in single-day ETF net inflows, easing selling pressure

The daily chart above the 20-day/50-day moving averages, stabilizing in the short term

The initial shape of a higher low on the 4H chart, with the range tilted upward

On the other side:

Tomorrow’s FOMC minutes could be hawkish (three votes against a rate hike)

ETFs as a whole saw $4-$5 billion in net outflows in 2026

The $64,500-$65,000 descending trendline is capping the price

The weekly chart remains in a corrective structure, with no confirmed reversal

Key levels

Upside resistance: $64,500-$65,000 → $66,300 (100-day moving average) → $67,000-$69k

Downside support: $63,800-$63,000 → $62,600-$62,200 (strong support) → $60,000

Trading strategy

Range strategy:

Try a small long position on a pullback to $63,000-$63,500, targeting $64,500-$65,000, with a stop-loss below $62,200. Reduce your position or try a small short position around $64,800-$65,200 on a rebound, targeting $63,800-$63,000, with a stop-loss above $65,500.

Breakout strategy:

If the daily close holds above $65,000 and a retest holds, go long toward $66,300-$67,000, with a stop-loss at $64,500. If $62,200 breaks with rising volume, decisively follow the short side toward $60,000 or even lower, with a stop-loss at $63,000.

Reduce your position before and after tomorrow’s FOMC minutes. Dovish → short-term bullish, with a high probability of a breakout; hawkish → beware of a pullback. Don’t bet on the direction—wait for the result and then follow.

BTC now looks just like that period of sideways trading in March 2024—

$69,000 ranged for 21 days, everyone called it “garbage,” and then one big bullish candle pierced up to $73k.

The difference is that the breakout came after that consolidation. What about this time?

After a month of ranging, you are not waiting for a direction—you are waiting to see whether you lose patience and cut your position first.

Is your current position long or short?

At $64,150, do you dare chase? #我的七夕交易分享 #Gate事件积分系统上线 #Gate7天净流入全球Top3 $BTC $ETH $SOL

1. Just tell me whether the levels and timing I called out yesterday were spot-on or not. Doesn’t that deserve you turning on the little notification bell? 2. But as for where it goes next, we still need to observe for a while. It’s too early to say because we have to wait and see how it plays out; 3. Trade when you understand the setup, and don’t trade when you don’t. Staying out of the market is also a necessary part of trading. After securing profits, don’t rush into the next move. I think I’ve made progress again. Guys, could you give me a like, comment, and favorite to boost the engagement?

9 Things You Should Never Do When Investing:

1. Don’t diversify your investments
Your time and energy are limited, so don’t buy things you don’t understand! Buying a pile of stocks you know nothing about is more dangerous than concentrating your investments appropriately. Investing should be structured: focus mainly on financially solid industry leaders and avoid high-risk small-cap stocks you don’t understand.

2. Don’t obsess over past performance
Stocks are bought for the future, not the past! How much a stock previously rose and what its past net profit was are old news. The market is always driven by the future, so don’t use past market performance to predict tomorrow’s stock price.

3. Don’t let the crowd scare you
Market sentiment is often excessively pessimistic, and fear is far more common than rationality. When everyone is selling at a loss and running for the exits, panic has usually gone too far. At times like this, don’t blindly sell off along with everyone else.

4. No matter how good the stock is, don’t charge in at the top
Finding a major winner doesn’t mean you can buy it with your eyes closed. If the stock price is at an absurdly high level, don’t rush to give away your money. Wait until the company’s new projects are launched or the stock pulls back to a reasonable range before buying, so you can enter at a safer level.

5. Don’t be penny-wise
If you’ve identified a potential multibagger, don’t miss your order just because you want to save twenty cents. Giving up the entire train for a tiny price difference is a classic example of being penny-wise and pound-foolish in investing.

6. Don’t take PE too literally
A high PE doesn’t necessarily mean a stock is expensive! If a company can continuously develop new ways to make money and operates in an industry with tremendous growth potential, its actual returns 5–10 years from now could far exceed expectations. What seems expensive today may actually be an excellent value.

7. Don’t worry about war
There were 10 major wars in the 20th century. In every case, the stock market fell before the war officially broke out, but once war began, the market started to stabilize. After the war ended, stocks began to surge. Holding cash after war breaks out is the least sensible thing to do.

8. Don’t assume stocks that haven’t risen are the safest
Many people like to buy stocks that have gone nowhere for years, assuming they are safe and low-risk. What drives stock prices is future earnings growth, not the fact that they haven’t risen in the past. A stock that hasn’t risen may simply be genuine garbage.

9. Never touch PPT startups
Startups may have nothing but blueprints and empty promises, with countless pitfalls and a high probability of misjudgment. Mature, established companies are full of excellent opportunities, so there’s no need to gamble on startups.

Gold at $4,395—would you dare to add to your position?

First, the surface view: a pullback from the highs, and retail investors are panicking.

Gold surged to around 4,436 in early trading today, then was slapped back to 4,395 by Treasury yields. The 10-year Treasury yield soared above 4.7%, while the 30-year yield hit a 19-year high of 5.3%, leaving the non-yielding asset gold under heavy pressure.

Since rebounding from the August low of 4,310, gold is up more than 10% on the monthly chart and more than 30% on the yearly chart. The candlestick chart tells you this: the daily price remains above the 100-day moving average (4,385), the 21/50-day golden cross remains valid, and the RSI at 63 is neutral to moderately strong.

First point: Treasury yields surged, but gold did not collapse.

Yields hit a one-year high, and the 30-year yield reached a 19-year high. In theory, gold should have plunged. But what actually happened? It pulled back from 4,436 to 4,386, falling just $50 before stabilizing.

Central banks are buying—the Q2 net purchases by central banks in China and other emerging markets were strong, and they simply do not care about short-term volatility. Retail investors are panicking while central banks are happily absorbing the supply.

Second point: Middle East geopolitical risk has always been a double-edged sword for gold.

Iran’s peace process has stalled, both Iran and the US have issued hard-line statements, and their military postures have escalated. Oil prices have risen, inflation expectations have heated up, yields have been pushed higher again, and gold is under short-term pressure.

War boosts gold, but war also boosts oil prices; higher oil prices boost inflation, inflation boosts interest rates, and higher interest rates suppress gold. In the short term, the market has chosen to trade the interest-rate logic first, but the geopolitical risk itself will not disappear—it has merely been temporarily pushed under the table.

Third point: A signal has emerged on the technical front that must be taken seriously.

What is the 4,385–4,370 zone? Triple support from the 100-day moving average, recent lows, and a demand zone.

Daily structure: After rebounding from 4,310, gold failed several times to break through 4,450, forming a high-level consolidation. If it cannot break 4,450, it returns to build momentum before making another attempt.

Tomorrow’s FOMC minutes are crucial. If the minutes are dovish, 4,450 could be pierced directly, opening the way to 4,500–4,520; if hawkish, a pullback to 4,315–4,365 would offer a better buying opportunity.

You decide which side wins.

On one side:

The monthly chart is up 10%, the yearly chart is up 30%, and the bullish trend remains intact.

Central banks continue to post net purchases, and the long-term institutional allocation logic remains unchanged.

The 100-day moving average is providing effective support, and the technical structure has not broken down.

Geopolitical risks and global debt mean gold’s ultimate safe-haven properties have not weakened.

On the other side:

The 10-year Treasury yield is at a one-year high, with rates “higher for longer.”

If tomorrow’s FOMC minutes are hawkish, gold could take another short-term hit.

Gold has failed to break 4,450 three times, creating enormous psychological pressure.

Physical consumption demand may face temporary pressure at elevated levels.

Key levels

Upside resistance: 4,436–4,450 → 4,500–4,520 (key breakout zone) → 4,600+

Downside support: 4,385–4,370 → 4,365 → 4,315–4,320 → 4,000 (black swan level)

Trading strategy

For short-term traders:

Range trading: Go lightly long at 4,385–4,370, with a stop-loss below 4,360 and targets of 4,420–4,450. Reduce positions or go lightly short around 4,440–4,450, with a stop-loss above 4,470 and targets of 4,400–4,380.

For breakout traders:

If gold holds firmly above 4,450 with increased volume, chase the long toward 4,500–4,520. If it breaks below 4,365, switch short, targeting 4,315–4,280.

For swing traders:

Build long positions in batches on a pullback to 4,310–4,360, with a stop-loss at 4,280, a first target of 4,500, and a second target of 4,600+.

For long-term believers:

Invest monthly in the 4,000–4,400 range. Target 4,600–5,000 by the end of 2026, betting on the resumption of the rate-cut cycle and global de-dollarization. Gold has been hard currency throughout 5,000 years of human history—do not let a few points of volatility scare you out of your position.

Gold is being held hostage by interest rates in the short term, but in the long term it is anchored to the collapse of trust.

No matter how high Treasury yields rise, they cannot exceed the global central banks’ “vote of no confidence” in the US dollar.

Tomorrow’s FOMC minutes—whether hawkish or dovish—remember one thing:

Every pullback in gold is money being handed to those who understand the bigger picture.

What is your cost basis for gold?

At 4,395, would you dare to buy the dip? #Gate7天净流入全球Top3 #Gate7天净流入全球Top3 #我的七夕交易分享 $BTC $XAU $XAUT

Did the decision-maker have the same kind of nerve when #牛来 上币安 Alpha，根本算不上利好。 我反而有点感慨，币安现在上币越来越畏手畏脚了。难道我们真的再也看不到当年 #Neiro, with a $30 million market cap, was directly listed on Binance Spot at a $15 million market cap? Still, looking at it from another angle, it’s understandable.

10 Money Rules the Rich Won’t Tell the Poor:
1. Saving money is equivalent to being legally robbed:
The government will only print money like crazy in the future, and the cash in your hands will depreciate every day. If you rely solely on saving money, you’ll eventually be淘汰 by society.
2. Keep only 3-6 months’ worth of emergency money in your bank account:
Aside from an emergency fund for unexpected situations, all remaining money must immediately be converted into appreciating assets.
3. The poor hold cash; the rich grab assets:
Stocks, real estate, and equity in high-quality companies. Only by becoming an asset owner can you ride the strong winds of money printing to get rich.
4. Never cling stubbornly to a fixed salary:
A fixed salary directly caps your income. No matter how hard you work, you can only make enough to get by.
5. Find a job with no income ceiling:
Either choose a sales job with high commissions or find a position that offers equity. Only when the company earns more can you receive a larger share.
6. Try to obtain ownership whenever possible:
Whether you’re starting a business or running a small enterprise, owning equity or assets is the only way to have a chance at enjoying exponential, explosive returns.
7. Invest early; time is more valuable than skill:
Warren Buffett became the richest man not because he was exceptionally brilliant when he grew old, but because he started rolling the snowball at age 12.
8. Ordinary people shouldn’t pretend to be stock-picking geniuses; index funds are enough:
Choose low-cost broad-market index funds, such as the S&P 500, and you can win by simply relying on 8%-10% long-term compound growth.
9. The more miserly you are, the poorer you become; generosity is the law of wealth circulation:
Interpersonal relationships amplify wealth. When you help others, they will be more willing to help you in return when they have an opportunity in the future. When you continuously bring value to others, you will also attract more valuable people and opportunities. This is not superstition but a natural result of social exchange.
10. Money is merely a tool in the game of cognition:
How does business operate? How do human nature, interpersonal relationships, and power structures work? How is wealth created, distributed, and transferred? How can you quickly find opportunities? Wealth is the result; cognition is the root.
Wealth earned through luck can all be wiped out by a single wave of inflation, but no one can take away the framework built through understanding!

Cut Nvidia in Half and Fully Exit TSMC! Duan Yongping’s Latest Portfolio Rebalancing: Aggressively Buying PDD and Making a Major Comeback Into Alibaba!
Reductions
1. Apple $AAPL
Reduced by approximately 1.8469 million shares in the second quarter. It remains the largest holding, but its weighting fell from a higher level to 41%. Apple has long possessed a powerful brand moat, a highly loyal user base, and a stable, high-margin ecosystem with extremely strong cash flow. However, he has publicly said multiple times: Apple is no longer cheap!
2. Nvidia $NVDA
Reduced substantially by as much as 54.63%, falling from the third-largest holding previously to approximately 6.58% of portfolio market value. Nvidia has an almost monopolistic position in AI chips, while the CUDA ecosystem and explosive data center demand have driven astonishing growth. He may be waiting for a better price to add more, potentially by selling puts.
3. Google $GOOG
Its weighting fell to approximately 3.64%. Google has an absolute dominant position in search advertising, growth potential in YouTube and cloud services, and continued investment in large AI models. Its fundamentals remain solid, but its short-term valuation is relatively high.
4. Microsoft $MSFT
Reduced by approximately 25.78%. Microsoft has established a strong position in the AI wave through Azure cloud, Office 365, and its partnership with OpenAI. It has a deep moat in enterprise software and a high proportion of recurring revenue, making it a high-quality growth investment. Duan Yongping has not denied its long-term value; he simply believes the current price is not attractive enough, so he made a tactical reduction.
5. UnitedHealth $UNH
Reduced by approximately 33.56%. UnitedHealth is a leader in U.S. health insurance management, with notable advantages in scale and vertical integration. It benefits from population aging over the long term, but has recently faced policy and cost pressures, leading to a smaller position.
6. Credo Technology $CRDO
Slightly reduced by approximately 6.66%. The company focuses on high-speed connectivity chips and benefits from demand for high-speed interconnects in AI data centers. It has relatively high technological barriers, while the overall position was already small.
7. Tesla $TSLA
Slightly reduced by approximately 0.84%. Tesla still has unique advantages in electric vehicles, autonomous driving, and energy storage, along with strong brand power and technological innovation. The small change does not affect the core allocation.
8. TSMC $TSM
Fully exited. TSMC is the undisputed global leader in wafer foundry, with leading-edge process technology and deep customer relationships with companies such as Apple and Nvidia. Its long-term competitiveness is extremely strong. The core reason Mr. Duan has likely fully exited it is that he considers it too asset-intensive, with enormous capital expenditures, strong cyclicality, and significant depreciation pressure.
9. CrowdStrike $CRWD
Fully exited. CrowdStrike holds a leading position in cloud cybersecurity, with a stable subscription model that benefits from growing demand for digital security. The full exit was part of streamlining the portfolio.
Increases
10. PDD $PDD
Increased substantially by approximately 5.2738 million shares, a 26.71% increase, making it the third-largest holding with a weighting close to 10%. PDD’s exceptional value proposition and penetration of lower-tier markets, combined with the overseas expansion of Temu, have driven strong user growth and monetization efficiency. Its current valuation is relatively attractive, making it the clearest addition this quarter. Duan Yongping is more familiar with consumer internet businesses. Adding to the position while overall sentiment toward Chinese stocks listed in the U.S. is depressed and valuations are relatively low is a classic example of being greedy when others are fearful.
11. Berkshire Hathaway $BRK.B
Slightly increased by approximately 0.90%, remaining the second-largest holding with a weighting of approximately 24%. Berkshire is led by Warren Buffett and has insurance float, a diversified portfolio of high-quality subsidiaries, and enormous cash reserves. Its long-term compounding ability has been proven, so it continues to serve as a portfolio anchor.
12. Disney $DIS
Increased by approximately 12.89%. Disney has an unmatched empire of content IP, theme parks, and streaming businesses, along with a deep brand moat. Long-term demand for culture and entertainment remains stable, and the addition reflects confidence in its recovery and content value.
13. Alibaba $BABA
Initiated a new position of approximately 301,400 shares, with an ending market value of approximately $28.93 million. Alibaba is a dual leader in Chinese e-commerce and cloud computing. He had just fully exited Alibaba in the first quarter, then initiated a new position worth $28.93 million in the second quarter. He recognizes Alibaba’s long-term value as a foundation of China’s internet infrastructure, and when the price is low, it is possible to test the waters with a small position.
14. Occidental Petroleum $OXY
Position unchanged. Occidental Petroleum operates relatively efficiently in oil and gas exploration and production and has close ties with Berkshire. It offers certain inflation-hedging and cash flow advantages amid energy price fluctuations and has been retained as a stable portfolio allocation.
Even the best company will be sold when its price becomes too high. At worst, just wait until it becomes cheap and buy it back!

Good news—telling my followers to go long on SK Hynix made him money
Bad news—I still haven't made as much as he did
At least getting a red envelope is some consolation～

Today, let’s not discuss technical analysis and focus solely on trading based on the news:

First, the information:
1. The US-Iran ceasefire agreement has expired, and both sides have stated that they have no intention of renewing it;
2. Both the US and Iran have taken a relatively hardline stance, with both sides making harsh remarks. Iran has even said that it wants to escalate;
3. The war has entered a stalemate, with both sides now testing each other’s endurance. It has returned to the initial question of who will blink first;
4. At present, neither side wants to blink first.

Destroyed countless dreams in five years.

Revenue doubling still not enough? Nvidia’s $91 billion earnings guidance faces a major test—beware of a sell-off at the open!

Wednesday, August 26
1. Nvidia $NVDA
Wall Street expects revenue of approximately $91.8-$91.9 billion, nearly double year over year, with EPS of approximately $2.08-$2.09. The company previously provided revenue guidance of $91 billion ±2%, with a gross margin of approximately 75%. The data center business remains the key focus, while Blackwell and Vera Rubin production continue to ramp up. In recent earnings reports, the company has often exceeded expectations, but the stock initially fell before rebounding. Options-implied volatility is approximately 7%. The market has very high expectations for the guidance, and sentiment is cautious.

Thursday, August 27
2. Marvell Technology $MRVL
Consensus estimates call for revenue of approximately $2.71 billion, up about 35% year over year, with EPS of approximately $0.93. The company previously guided for revenue of $2.56-$2.83 billion, with a midpoint of approximately $2.7 billion. Demand for custom AI chips and optical interconnects remains strong, while data center revenue continues to account for a larger share. Options-implied volatility is approximately 14%. The stock has gained significantly this year, and sentiment is optimistic but already reflects a high valuation.

Wednesday, September 2
3. Broadcom $AVGO
will report its Q3 FY2026 results after the market close. Consensus estimates call for revenue of approximately $29.4-$29.5 billion, up 84% year over year, with EPS of approximately $3.21-$3.22. The company previously guided for revenue of approximately $29.4 billion, including approximately $16 billion from AI semiconductors. AI accelerators and networking chips are the primary growth drivers, and the full-year AI business target has already been raised substantially. Options-implied volatility is approximately 7%-12%, and the market is highly sensitive to whether the AI guidance can once again exceed expectations.

Nvidia is forever the GOAT!

Sequoia China is preparing its first U.S. dollar fund since “going independent.” According to people familiar with the matter, Sequoia China is in talks with investors and plans to raise at least $1.2 billion for an early-stage fund, focusing on AI, healthcare, and consumer sectors. It is also considering growth and renminbi funds. Relaunching U.S. dollar fundraising after the split and continuing to increase its investment in the Chinese market is a signal worth watching. #AI #Sequoia China #PrimaryMarket

Aggressively cutting AMD and PLTR! Cathie Wood is pouring $22 million into Nvidia!
Reductions
1. Roblox $RBLX
was significantly reduced, mainly due to slowing growth on the gaming platform and user activity falling short of expectations. Funds were shifted toward higher-certainty AI-related assets to rebalance the portfolio.
2. Shopify $SHOP
was reduced by approximately 105,000 shares (about $15.7 million). Growth at the e-commerce platform has slowed under macroeconomic pressure, while margins are under strain, freeing up funds to increase positions in more disruptive innovative technology stocks.
3. Advanced Micro Devices $AMD
was reduced by approximately 26,000 shares in total across multiple funds (about $13.1 million). As a competitor to Nvidia, the short-term competitive landscape is tilting more toward Nvidia's dominance in the AI accelerator market, prompting moderate profit-taking to adjust exposure.
4. Natera $NTRA
was reduced by approximately 20,000 shares (about $6.4 million). Its genetic testing business faces intensifying competition and uncertainty surrounding reimbursement policies, so the portfolio is being tilted toward assets more focused on AI healthcare.
5. 10x Genomics $TXG
was reduced by approximately 95,000 shares in total across multiple funds (about $5.5 million). Growth in single-cell sequencing has slowed and its valuation is relatively high, prompting a shift toward other areas of biotech innovation.
6. Twist Bioscience $TWST
was reduced by approximately 63,000 shares in total across multiple funds (about $7.9 million). Progress in its synthetic biology business has fallen short of expectations, reducing exposure to highly volatile biotechnology stocks.
7. Palantir $PLTR
was reduced by approximately 22,000 shares (about $3.8 million). Although its AI software is benefiting from industry enthusiasm, its valuation is already high, so some profits were taken to optimize portfolio risk.
8. AtaiBeckley $ATAI
was significantly reduced by approximately 226,000 shares (about $1.6 million). Its mental health drug development pipeline has relatively high uncertainty, so exposure to high-risk biotech holdings was reduced.
9. CareDx $CDNA
was reduced by approximately 18,000 shares (about $840,000). Its organ transplant monitoring business is growing steadily but lacks strong catalysts, prompting a minor position adjustment.
10. SL Brera Holdings $SLMT
saw its small position largely liquidated across multiple funds. Due to the stock's poor liquidity and non-core status, it was completely cleared out.
Increases
11. Nvidia $NVDA
was increased by approximately 101,000 shares in total across multiple funds (about $22.8 million). As the undisputed leader in AI chips, it offers extremely high long-term growth certainty, and the funds are bullish on Nvidia's $500 billion AI financing plan.
12. Block $XYZ
was increased by approximately 192,000 shares in total across multiple funds (about $15.4 million). Its digital payments and Bitcoin ecosystem strategy is well developed, with significant fintech innovation potential, benefiting from cryptocurrency adoption and the digital transformation of small and medium-sized businesses.
13. Cerus $CERS
was increased by approximately 450,000 shares in total across multiple funds (about $1.3 million). Its blood safety technology is unique and serves an essential need in the healthcare supply chain, giving it clear medium- to long-term growth potential.
14. Tempus AI $TEM
was increased by approximately 23,000 shares (about $1.17 million). Its AI-driven precision medicine platform is a leader in the field, with clear data advantages and the potential for continued breakthroughs in areas such as cancer diagnosis.
15. Cloudflare $NET
was increased by approximately 5,000 shares (about $1.54 million). Its cybersecurity and edge computing infrastructure are strong, while the accelerated adoption of AI applications is driving demand for its cloud services.
16. Securitize $SECZ
was newly added with approximately 190,000 shares (about $1 million). As a digital asset securitization platform, it benefits from the trend of bringing RWA (real-world assets) on-chain and is at the forefront of financial innovation.
17. Nu Holdings $NU
was increased by approximately 52,000 shares (about $760,000). As the leading digital bank in Latin America, it is experiencing rapid user growth and has clear advantages in combining financial inclusion with technology.
18. Freenome $FRNM
was newly added with approximately 145,000 shares (about $1.88 million). Its AI-based early cancer screening technology has the potential to disrupt traditional testing, offering significant long-term value in medical innovation.
19. Ionis Pharmaceuticals $IONS
was increased by approximately 6,800 shares (about $400,000). It has a rich RNA drug development pipeline and differentiated advantages in the fields of genetic and neurological diseases.
20. Scribe Therapeutics $SCTX
was increased by approximately 16,000 shares (about $340,000). Its gene-editing technology focuses on precision therapies and represents a disruptive biotechnology segment that aligns with long-term innovation themes.
Abandoning highly valued AI applications and shifting fully toward AI infrastructure + RWA!