Today I played cards and accidentally heard from an old stock investor who has been in the stock market for 10 years, heavily invested in one stock, that the Sci-Tech Innovation Board announced ST today, and currently it should be in the environment of a bull market for the common A-shares. He is heavily invested and facing losses. He told me that he doesn't plan to sell the remaining shares and will accept delisting if it comes to that. He used to be confident and influential in the A-share market;

Today I share this story, truly not to mock, but to share this case with my followers. Stock trading, investors all like logic, while the rest of the information is flying everywhere—what stock will restructure in which month, which stock will be acquired at what moment, and other positive news, as well as the logic behind this rise or that rise. I just want to say, it's all nonsense. As a retail investor, the only tool to communicate with the market is the K-line. The so-called news, if it reaches your ears, is almost as good as the news broadcast. Don't believe it. Even if you have heard some news and it has been verified, don't rely solely on it. Open the K-line chart, learn some fundamentals, analyze the risk-reward ratio, and respond with position management;
What I find incredible is that with 10 years of trading experience, I asked him why he didn't cut losses. He replied that initially he thought it was a trap to induce short positions, but when the decline continued and the stock kept falling, he had already broken through his stop-loss mental line. -30%, -70%, he had already missed the stop-loss point. Not adding to the position was already rational;
Another point is that he might have a fatal flaw—his trading mindset hasn't adjusted with the growth of his capital, which ranges from 50,000, 500,000, even higher. Of course, you might think he believes that the hundreds of thousands in his account are just small money not worth mentioning. But in reality, he was my former colleague at an auto factory. His monthly salary is only about 4,000 yuan. His big success was when he went all-in on Changchun High-tech with a small amount and managed to reach his first 1 million;
Last year, when I started shifting funds from crypto to the stock market, we discussed together. I said I bought Alibaba at around 110 HKD. He said these stocks have a trillion-dollar market, and they won't rise much. It's better to buy smaller stocks, which rise faster. I said big stocks are stable and more reassuring. Of course, he didn't mention anything afterward, and I wouldn't ask further questions. Today I just want to share this case;
Today I just want to share this case, to learn from the experience, with no other intention. If you think I’m making up stories, just ignore it.