Going to switch to the first board and catching the limit-up midway through.

Eating big losses for several straight days, Jincang Electric Power has also been eating big losses for several days because of its mindset. Today I went in with that same mindset again—just a glance and it was already down 5%. I quickly cut my losses. I also newly bought a position in Sinotrans & CSC International, but it still ended up being a big loss. It’s jumping from one pitfall to another. These past few days, I’ve had my fill of big losses—so intense and satisfying it’s unreal. That’s how stock trading works: either you harvest someone else, or you get harvested by others. Win or lose as you gamble—there’s nothing to complain about. [Taoguba]

If everything goes normally today, I would have been in Anhui Construction Engineering and CRRC High-Speed Railway. But now the difficulty of momentum chasing is too high, so I chose to actively give up. Otherwise, I’d still have to eat losses. In just three trading days, my live trading account has flipped from profit to loss. Losing money and growing your nerve—this money I lost over these days was worth it!

With the market cooling-off phase overlapping the market’s uncertainty phase, momentum chasing is no longer something I can do. I’m going to switch to placing first-board trades and catching limit-up streaks. Starting tomorrow, I’ll be trading first-board sector plays to catch limit-ups.