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Henan Energy makes a final stand, finally breaks through.
After a chaotic start to February with a sudden drop of over 20%, my account bottomed out at just over 230,000. It fell from 310,000, making me restless and anxious. During that time, I also played with some intermediate stocks in the metals sector, hoping for a short- to medium-term gain, but the Americans caused dizziness and confusion. As a leading player, a three-month dry spell really tested my patience. Finally, Yunnan Energy’s turnaround gave me hope and reinforced my basic conclusion that electricity is the main theme. On March 8, I started to recover my losses with Yunnan Energy, but this time I didn’t go all-in because I was scared by the pullback. Looking back, that was a mistake—actually, it was the wrong move, because my personality and style should be to go all-in. Profit and loss come from the same source. Since I suffered a setback from not going all-in, why not go all-in to bounce back? I remain optimistic about Yunnan Energy. Today’s late-day plunge—was it the main players showing their muscles? To be more cautious for tomorrow’s market opening, there’s no need to overthink this; observing tomorrow’s market situation is the real key.