Many friends have been asking me whether they should be afraid of this kind of market movement. I think it depends on what you're holding first. If you're holding shares of quality companies you're bullish on long-term or LEAP calls about a year from expiry, I don't think short-term volatility should affect your mindset. The market's valuation isn't expensive right now, corporate earnings are still growing, and the long-term logic of AI hasn't been disproven in any way. As long as these underlying fundamentals haven't changed, no matter how the market fluctuates in the short term, it's just a process for long-term positions.

I don't recommend holding a heavy position in short-term options. Looking at the comments, many people ask me: "How will the stock move in the next few days?" "Should I keep holding this Call?" "What if it drops?" "Should I run now?" I don't recommend heavy short-term options—it's a bad habit. Short-term options require predicting not just direction, but also timing and volatility. A few days of choppy trading can erode profits through changes in time value and IV. So my suggestion has always been that long-term positions should account for at least 90% of your total portfolio, leaving the remaining 10% for practicing market sense, event-driven trades, or short-term trading. That way, even if short-term market volatility is high, your overall mindset won't be affected by gains or losses over a day or two. Of course, if anyone has short-term stock technical analysis questions, I'll patiently answer them.

Once I build my long-term positions, I rarely look at them unless I need to rebalance. That's because I believe the S&P 500 will reach 8000–8200 by the end of this year and at least 9000 next year, so I prefer to spend my time studying industries. Many people ask why I post technical analysis every day. I share candlestick charts not for daily high-frequency trading, but to help everyone find better entry points, clarify why the market drops or rises, which levels are risky, and which are worth attention. My own long-term allocation basically covers every major AI industry chain and bottleneck, including storage, GPU, optical interconnect, advanced packaging, ASIC, CPU, Physical AI, liquid cooling, power, nuclear energy, CXL, semiconductor equipment, software, and fintech. I allocate some to each direction. The largest positions are still SPY LEAP Calls, NVDA, TSM, Tesla, DRAM, and MRVL. The other directions are roughly equally weighted, and I always keep some cash on hand to add positions when better opportunities appear.

Yesterday I also reposted an article I wrote on May 7th, where I judged MRVL had a chance to reach above $300 by year-end and ALAB above $450. I didn't expect it to hit those levels in June already. I think many people can pick the right stocks; the real difficulty is holding them. My biggest takeaway is that in a long-term industrial wave like AI, holding truly great companies will earn you more than frequent trading. Often, being a "fool," firmly believing in AI's future, and patiently holding the truly core assets in the industry chain can yield returns that beat chasing daily ups and downs. Of course, this is just my investing approach and not investment advice. If you share my belief in AI's long-term trend, I think stocks can at least be held until the end of this year. My long-term positions are planned to be held until at least the end of next year.