Yang Yongxing is one of the most legendary ultra-short-term traders in A-share history. From 2006 to 2007, he won consecutive championships in the Chaoyang Yongxu China Private Fund Rankings (the industry's most authoritative real-time competition), starting with a principal of 1 million RMB and growing it to 100 million RMB in 16 months, achieving a 100-fold return. In 2007 alone, his 10-month return rate reached 1497%. His独创 "Overnight Holding Method" transforms the A-share T+1 rule into a core advantage, essentially minimizing risk + high-frequency stable compounding, and remains a classic paradigm in the ultra-short-term field.

I. Core Insights (Compiled from Yang Yongxing's public statements)

Understanding the Market's Essence
Funds and sentiment are the only drivers of short-term stock prices. Any bullish factor that does not translate into market fund demand will never cause a stock price to rise; conversely, any bearish factor that does not trigger fund selling will not cause a stock price to fall. Fundamentals are the foundation, but technicals are the direct reflection of fund behavior—both must verify each other.

See through the essence of the T+1 rule. The biggest source of losses for retail investors is the vicious cycle: "chasing highs in the morning → midday plunge → trapped on the same day → heavy losses overnight." T+1 is not a restriction but a tool that can be used—buying near the close avoids more than 90% of intraday fluctuation risk, and selling early the next day locks in the overnight certainty premium, achieving a fair "quasi-T+0" game.

Don't try to profit from what you don't understand; don't bear uncertain risks. I don't participate in any intraday chaos or speculation; I only act on what has already been determined. Intraday profits may look tempting, but they are roses with thorns; overnight premiums, though modest, are stable and repeatable.