March 3rd Midday Briefing

Hello everyone, yesterday I reviewed the structure of the CSI 2000 index’s movement, clearly pointing out that when confirming the validity of the previous high point breakthrough, a sudden black swan event caused the market to break below the 5-day moving average. The previously broken high of 3593 points no longer holds technical significance as an anchor point.
Yesterday, I explicitly advised against bottom fishing during the trading session, but some traders couldn’t resist. Today, the negative impact of the black swan event has yet to show clear improvement. The market remains sluggish, with widespread declines in individual stocks.
From a technical perspective, if the index cannot strongly recover the 5-day moving average within two or three trading days, I will consider this break to be valid, and the market is likely to enter a phase of weakness.
Given the current shift in market strength, I recommend maintaining a defensive stance in position management. At this stage, only small positions should be used to contrarily bet on oversold stocks without ST or delisting risks. Heavy or full positions are strictly prohibited at this point. Be sure to reserve sufficient cash reserves and wait for the trend to clarify.
If external events worsen further, where will CSI 2000 go? Looking back at this screenshot, which I posted on Eastmoney on January 21, the conclusion was very clear: around 3213 points. This is no longer a simple short-term pullback but a medium-term adjustment. All conditions for a medium-term market correction are in place.
In terms of operation, proceed gradually and avoid rushing. Manage your positions carefully to stay in control before the trend becomes clear. Only then can you seize the initiative.

Regarding individual stocks, it’s exactly the same as yesterday. Today, the market was supported by high-market-cap stocks like PetroChina, which held up the Shanghai Composite Index. Stocks still fell sharply overall. That’s why I said removing the Shanghai Index is just for display, for others to see.
In the morning, I re-entered and built positions in Yuguang Goldx at lower levels, and also added to Bona Filmx and Tairxx according to the plan at lower prices. Other targets did not meet the planned goals, but everything is proceeding smoothly and steadily as planned.
As of now, the overall position remains slightly above 30%, close to 35%, which is within a healthy and controllable range. I will continue to follow the plan and deploy in batches, patiently waiting for market rhythm changes.
A note here: after buying, short-term gains and losses can be ignored—they are meaningless. What you focus on is the result, not how much I lost today.

My stock trading principles:

• Don’t chase highs, don’t bottom fish, only buy in batches at lower prices.
• Don’t greed for the top, don’t fight the trend, stick to segmented profit-taking.
• Strict discipline, unity of knowledge and action.
• Don’t seek perfection, only aim for steady growth.
• Keep a calm mindset, maintain rhythm.
• Enter the market calmly, exit with dignity.

This personal trading review is for sharing and learning only, not investment advice.
Original ideas are hard to come by; thank you all for your likes and support.
Recognition is a blessing; tips are also a motivation for further recognition.
Wishing everyone long-term gains in their accounts and smooth investments!