The protagonist who made 30 million yuan trading Byte stocks talks about storage market conditions: the market is entering a chain liquidation, and reducing leverage is healthier in the long run.

BlockBeats News, July 4: Leto Bao, the protagonist of "Earned 30 Million by Stock Trading at Byte," shared his views on the storage market. Why has storage plummeted recently? Because institutions withdrew too aggressively, coupled with leveraged funds being liquidated, triggering a cascading spiral of liquidation. He believes that appropriately eliminating leveraged funds is healthier in the long run.

Leto Bao also stated that investing must have its own faith. A colleague in the Byte investment group once had assets worth several million dollars. At the beginning of the year, he was optimistic about storage but lacked firm conviction. So he personally went to visit the Micron factory in Singapore to recharge his conviction, and then firmly bought in. Listening to others' recommendations is their faith, not yours. If you buy based on that, you won't hold when it rises, and you'll hold even less when it falls.

As for how ordinary people should invest, Leto Bao believes there are several scenarios:

Investors who have elderly and young children at home and are burdened with mortgages and car loans want to improve their lives through investing. At this point, they absolutely should not invest. The top priority is to deleverage their lives first;

Investors with no financial burden but little savings should first focus on improving their earning ability;

Those with a certain amount of savings (taking the PDT threshold of $25k as the standard) but no exposure to investing, or who are completely uninterested in investing and just want to make money, should directly buy indices and absolutely avoid individual stocks;

Those who are truly suited for investing: those with a certain amount of savings, a passion for investing, the ability to learn, whose primary goal is not to make money but to treat investing as a strategy game, who can enjoy the pleasure of trading, enhance their cognition through information sources to accelerate money-making, and have goals and real-world feedback. At this point, investing is more interesting than any strategy game.