Half-year summary

A real tough fighter—dares to face a bleak life head-on, dares to look straight at the blood pouring out. This is a half-year that was lost, and also a half-year filled with gains. The formidable pass seems as if it were iron, yet now we take another step from the beginning—this half-year’s delivery notes have been cut in half. Analyze each line of the order sheet in chronological order, one by one. A systematic project—slowly write it.[Taoguba]

People always make decisions based on the best solution in the moment—making a rational choice. Whether it’s driven by Xiao Ming’s fast thinking, or by objective thinking. I don’t want to see Xiao Ming. I want to be truthful and practical.
Why does Xiao Ming show up?
Chasing pumps and killing dips—this, to some extent, comes from instinct and is almost unavoidable. Loss aversion’s asymmetry is a protective mechanism at the evolutionary level. When you directly compare or weigh losses against gains, the impact brought by losses is far greater than that of an equal amount of gains. This asymmetry between expectations or experiences of the positive and the negative is deeply rooted in evolutionary history. After all, those creatures that regard threats as more urgent than opportunities have higher odds of survival and reproduction.

Family-rearing playbook

1. Based on an intuition about market sentiment (main-line rotation, market cycle), thereby judging the relative comparison between risk and return, and guiding actual position control and buying methods—so it’s temporarily named the playbook.
2. When others are greedy, I’m even greedier; when others are panicking, I’m even more panicked. No top or bottom in my mind—the moves change objectively with the order book.
3. Dare to hold no position at low levels; dare to be fully positioned at high levels. The market has no top and bottom—bottoms have to grind, and tops also have the prisoners’ dilemma. Look only at profit-taking effects.
4. You must cut losses—cut losses—cut losses. What you stop is your own wishful thinking, brain-imagining, luck-trying, and the risk-avoidance in human nature.
5. Those who gain retail investors’ mentality win the whole world; where the crowd’s sentiment points, that’s where the main line is. If it’s strong, it can be even stronger. (The god of the faction also said: Main-line low positions aren’t afraid of divergence; even bad news can be a buying point. At high positions, fear divergence—you just have to hold on and get through it. You must not allow a losing-profit-loss effect to appear.)

Total position dynamic adjustment (Daily review first determines the total position size for the market ahead)
Main-line long market: 2-3 stocks per day. Total position 60%-100%. 1/3 per stock. Those times of doubling—none of them didn’t prove it: even with position-splitting, it can still be done very well.
Range-bound grinding for a base, searching for main-line opportunities: 2-3 stocks per day. Total position controlled at 20%-60%. 1/10, 1/5 per stock.
One-way decline / breakdown: one stock each time; when a buy order board fails, stop immediately. Only keep a very small position of 10%-20% for trial and error. Per-stock 1/10 to do.

Next, face the delivery notes, and the chat records with experts, and summarize this half-year.