Review Log

• Left-side trading is difficult to execute, and right-side trading is also not good. Xiaomi’s buyback, Lei Bao’s (Lei Jun’s) own buyback, caused the stock price to rise sharply, stabilizing above the 40th level. Alibaba’s financial report saw a significant drop in net profit, and the market predicted that the intensity of takeout subsidies would decrease, leading to a large surge in Meituan’s stock price (6%). The capital logic of AI is not closed, it’s not previous business; first grab users, run around, then slowly make money. AI’s continuous costs cannot be reduced – hardware plus electricity.

• Still doing nothing, Xiaomi didn’t fall below my current price level. It has fallen consecutively for two days, and was finally stabilized by a buyback. The US market last night was interesting – it started to rally, but the next day it completely crashed. Today, both A-shares and Hong Kong stocks are basically worthless.
• At this point, falling so much is actually good; I didn’t continue following the broader market, just laid down and relaxed, waiting for a better opportunity.

Why the Decline

https://wallstreetcn.com/articles/3759889 Other viewpoints may or may not be correct; quantitative funds are increasingly influencing domestic stock markets. Individual stocks often closely align with index movements. The original text is lengthy, and Bobo (豆包 - a common online nickname) has extracted the core content.

Recently, Xiaomi’s third-quarter financial report was released, with little expectation beyond the usual. The US situation is unsettled, Hong Kong stocks have recently experienced liquidity stagnation, and the Hang Seng Technology Index has retreated significantly.

As a major participant in the food delivery war, Alibaba, which bears the highest e-commerce taxes, hasn’t generated much discussion online.

I don’t remember if I wrote any previous articles, when I bought Xiaomi, I didn’t really think about what supported Xiaomi’s market capitalization at that time – perhaps after watching too many TikTok-related videos?

No trading activity within the venue; we’re currently awaiting next month’s financial reports. Taking a half-day break this afternoon – nothing particularly noteworthy, just wanting to rest and recharge.

Years Have Passed

It’s been a long time since I last watched League of Legends (LOL) matches live, and suddenly it feels like four or five years have passed.

As I’ve mentioned in my previous articles related to games, I always had a complex feeling towards LPL teams (the domestic league). The frequent low-level mistakes made by many players in major tournaments felt lacking in professional demeanor, which significantly reduced the viewing experience – this is why I gradually drifted away.

Monday saw no panic sell-off, but the entire week was marked by a persistent downtrend, like a dull knife slicing flesh – a slow, gradual decline over the course of seven days.

Disciplined Trading

Yesterday afternoon, two new short positions on Xiaomi were added, with the original plan to sell out at the end. However, when I saw a slight loss in the final position, I hesitated and didn’t want to cut my losses, so I decided to observe for another day. This morning, the stock price fell slightly by 1%, and when it dropped to 2% in the afternoon, I decisively exited the position. Later, it was proven that this exit was correct, as the stock continued to fall after that.

Write a wrap-up record to translate investment thinking into text, clarifying one’s thoughts and resisting emotional biases. Trading itself is anti-human, requiring us to maintain clarity, objectivity, and discipline. Through recording and review, we can systematically examine the decision-making process, avoiding emotional pitfalls.

As previously mentioned, the sharp drop in US equities on Friday last week, and concerns regarding a potential “trade war 2.0,” have now settled as the market opened this Monday – essentially a “false alarm.”