109 trading days, funds return to the starting point again

After the National Day holiday, I was repeatedly interrupted by the big A, and every day I reviewed until late at night. Each time the market opened, I was cautious, fearing that even a moment of negligence would lead to being hung on the mountaintop or getting washed out. The capital has returned, but the young boy who once smiled ear to ear with a calculator, calculating 1.1×1.1, is gone forever. I just checked the real-time focus list, and many of the teachers I used to follow have stopped updating. I don’t know if they’ve taken their money in a sack or if they were hurt by the market and are now recuperating. There are a few who are still active on the front lines, but regardless, I hold the utmost respect for them. Recently, my progress has been rapid, half due to the improvement in skills and patience, and half due to the cognitive progress gained from reading teachers’ posts @只核大学生 @野人哥 @二池 @jl韭菜抄家. There are many more, but I won’t tag them all. Whether in real trading or news, in my view, as long as someone is willing to selflessly share their understanding, whether right or wrong, it should be taken seriously. Often, what is right emerges from the collision of errors.

Having expressed my gratitude, I also need to write a bit. Since the market has closed and I’m free, many people are tightly focused on the already concluded trading session during the weekend, due to their painful mistakes or their optimistic confidence in big profits, or perhaps their relief at having avoided a disaster. In my view, it’s better to look at the market less over the weekend, at most checking on Sunday night to organize thoughts for Monday. The more frequently you look, the more you reinforce your judgment, but judgment isn’t about reinforcement; it’s about correctness. An incorrect judgment cannot be changed into a correct one, no matter how much information and evidence you find to support it. The best way to deal with a wrong start is to end it the moment you realize it’s wrong. Thus, I have always believed that averaging down on a losing stock is a significant issue; the best solution to this problem is to only look at the price, not the cost.

Let me write about certainty as well, which I have been pondering lately. Some say that hitting the boards has certainty, some say trends have certainty, and some say logic has certainty. I believe all of these are true, but not entirely. I don’t particularly like the term certainty; the future is always uncertain. To label something that doesn’t exist as certainty is rather offbeat. After thinking it over, let’s call it recognition instead. Many things don’t have certainty; rather, you have a high degree of recognition regarding the possible outcomes that may arise, which is why you believe it will become the result you expect, and you act accordingly. Therefore, recognition is subjective; everyone’s thought processes differ, leading to different levels of recognition. Some recognize improvements in fundamentals, some recognize the structure and trends in technical analysis, and some recognize others’ recommendations, thus acknowledging that person’s ability. They are all correct, but in this market, only half of the people can be right; there will always be someone who is wrong.

In my view, recognition means being able to not look at the stock you bought until after the market closes, and feeling nothing about it. Hitting the boards and making low buys are all techniques. Since you can’t act on it after buying, why focus on it that day? Does staring at it increase the probability of it moving in the direction you hope? Not really, so there’s no need to keep watching. Many times, if you let go of the market, it will notice you too. At the last moment before the market closes, everything is still a variable. When you’re stressed out after buying, ask yourself, is it useful? If it’s not, then take a break; maybe after a while, things will turn out fine. We cannot control the market, but we can decide how to face it with our approach and attitude.

I’ll stop here. Have a nice weekend, everyone!