Today I played cards and happened to hear an old investor who has been active in the stock market for 10 years, holding a heavy position in a stock.

Today, the STAR Market announced a special treatment (ST), and currently, it should be in the context of a bull market in the general A-share market, yet he’s holding a losing position.
He told me that he doesn’t plan to sell the remaining shares, even if it delists, he’s just accepting it.
He used to be full of ambition, turning the tide in the A-share market;

Today I share this story, not to mock, but to share this case with my followers.
Stock trading enthusiasts all like logic; the remaining are full of rumors flying everywhere—what stock will restructure in which month, what stock will be acquired at what moment, and other positive news, plus 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 candlestick chart.
The so-called news, if it reaches your ears, is almost as good as being on the news broadcast.
Don’t believe it.
Even if you have heard some news before, and it’s been verified, and the channel’s reliability is confirmed, don’t just listen blindly.
Open the candlestick chart and take a look.
Learn some fundamentals, analyze the risk-reward ratio, and coordinate with your position management.
Recall how you and I once chased Doge at 0.4, got trapped, the trend broke, and then kept adding positions because of potential positive news like X’s payment system or Doge’s ETF.
Isn’t it all about understanding the market’s positive signals and holding on?
Now Doge at 0.1, does stop-loss seem meaningless?
It’s all about understanding the potential positive signals of the market while ignoring the ruthlessness of capital.

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 lure in buyers, but when the market started to crash continuously, he had already broken through his stop-loss mental defenses.
-30%, -70%, he had long missed the stop-loss line.
Not adding to the position was already rational.

Another point is that he might have a fatal flaw:
His account size is 50,000, 500,000, or even higher, but his trading mindset did not adjust with the growth of his capital.
Of course, you might think he considers the hundreds of thousands in his account as small money and not worth paying attention to.
But in reality, he was my former colleague from 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.

When I started shifting funds from crypto to the stock market last year, we discussed together.
I said I bought Alibaba around 110 HKD.
He said these stocks have a trillion-dollar market, and they won’t rise much.
He suggested buying smaller stocks, which rise faster.
I said big stocks are stable and more reassuring.
Of course, he didn’t mention more afterward, and I wouldn’t ask.
Today I just want to share this case with everyone.

Today I just want to share this case, to learn from the experience—nothing else.
If you think I’m just making up stories, just ignore it.

Finally, the captain also has many cases of trusting others and losing everything in crypto.
Anyway, I won’t trust any KOL or friends in the crypto circle’s recommendations.
I only trust candlestick charts and risk-reward ratios.