April 8th, there are many areas to reflect on today.

Yesterday CNPC took six-tenths of the position, and with seven points it was a big gain. Today at the open, it just got slammed and went down directly. In the morning’s pre-market call auction, I had two positions: one in Nanyou and one in CNPC. Both got pressed to the floor; together, the position difference was about seven-tenths. In the call auction, I cleared off Dongyue Silicon Materials. Yesterday afternoon, Huagong took in a bit, and at the open it got cleared too. After the open, I absorbed a chunk of Nanyou and a chunk of CNPC; Nanyou went up. When CNPC broke the moving average the second time, I batch-cleared all of it. In the morning, both hardware and computing power were pulling up hard. The CNPC position in my hands was too heavy; even though I was holding it, it didn’t move. Later, seeing Liou was about to ignite, I gritted my teeth and started clearing CNPC. CNPC wasn’t cleared yet when Liou popped up. I quickly bought a little, then continued clearing CNPC. After CNPC was cleared, I added to BlueChip. Later, I felt BlueChip was about to ignite, so I also cleared Pingtan and added to the ticker. In other words, I transferred the CNPC and Pingtan positions to Liou and BlueChip; these two barely managed to earn back today’s losses in CNPC. I also bought some new shares. After I T’d out Nanyou, I bought back a bit. [Taoguba]

Reflection:

1、Stop-loss wasn’t decisive enough; I was held hostage by yesterday’s profit mindset. Yesterday CNPC had a big gain. At the call-auction it pulled back, but I didn’t want to accept giving back profits. I didn’t exit in time at the open, which caused profits to give back massively. I became stuck holding a falling position and ended up adding shares passively, completely losing the initiative.

2、Position size was too heavy, losing room to maneuver. After being nuked in the morning, about 70% of my position was trapped. There was neither money to buy dips into better targets, nor could I judge calmly due to the pressure from my holdings—the entire execution was passive.

3、Momentum was chaotic; the cost of chasing was too high. Because CNPC was not cleared for a long time, I missed the opportunity to get on at the low level of BlueChip. I chased Liou to buy when it was up 7 points, which is a typical case of “passively chasing a rally.”

4、My energy was constrained by the heavily weighted stock. Hardware and computing power were strong early on, but because I stubbornly held CNPC, I missed the best moment to rebalance. Only after the market became clear did I switch in a rush—the execution and reaction speed weren’t enough.

@zcgang @sheng1506 @敬畏感恩之心 @linglingk, thanks for the reward.