I came over to my dad’s place today.

I talked to him about the A-share market. His trading style is still the same as before: he doesn’t cut losses on stocks that are underwater, and he can’t hold onto stocks that are making profits 😅
For every stock where a trend starts, he eats one or two limit-up moves and then runs, and not long after the price doubles. Meanwhile, for the stocks he’s trapped in, even when they’re down 20%, he still doesn’t cut losses—then they end up being cut in half.
I feel that a lot of my trading style before was inherited from my dad. Thankfully, after getting beaten up by the market these past few years, my trading style is no longer so “grasshopper”-like.
That’s right: when the trade is correct, you can hold; when you’re wrong, you can cut losses in time.
While we were talking, I told him that by the end of this year, our family will set up a family fund. Everyone would put in some money, and I would handle the trading. I’ll take on the risk; I’ll guarantee their principal, and the profits would be split among the family.
I’ve thought about this idea before too, but back then I didn’t have the confidence to propose it. Now I’m bringing it up mainly because I’m confident I can do a good job.
Also, with my prediction that a new crypto bull cycle will start next year, this upcoming wave of the bull market might also be the last chance for me to lead our family into a higher social class.
I really don’t want to miss it. Even though I’m disappointed in my parents, I also don’t want them to keep working their butts off and still not make any money later on—then eventually have to rely on us two brothers to support them in their old age.
I want them to be able to seize this biggest opportunity with me, make enough money for retirement, and retire early to enjoy life—so they don’t have to keep working so hard every day.