Don’t go to places with too many people.

Last year, Hong Kong stocks’ “three sisters” Snow King, Laopu, and Pop Mart were so hot they took off like crazy—also including Xiaomi—and stock prices kept climbing. None of it is anything other than hitting the G-spot of young people’s new consumption “new favorites.”
But if you bought during that Fomo wave, then you’re in luck—you’re probably being hung up high on a ridgeline right now. 🙂
Old leek veterans’ personal discipline:
For individual stocks, you need to tell whether the rise comes from growth in fundamentals or just an increase in valuation. If profits haven’t grown significantly and the stock price multiplies several times in a short period, that’s extremely dangerous.
The same goes for Meme coins in Crypto and for secondary trading—different roads, same destination.
In fact, most people don’t know how to do market timing, or how to find good buy and sell points.
But there’s one type of situation that you can basically be certain you must never buy into:
Too many people, and it’s overly popular—when you look back, it’s often a trap.
Of course, if you’re a veteran who’s been licking blood off the blade, you can ignore it.
“Even if you’re holding a torch and walking through a powder magazine and you come out completely unharmed, it doesn’t change the fact that you’re an idiot”—Warren Buffett
As someone who is relatively risk-averse to losses, I believe most people are the same—this is exactly what we should keep in mind.
Recently, the feeling of applying for new share subscriptions in Hong Kong stocks is starting to look a bit like this again—I don’t know how long it can last. 😮‍💨 I’ll write about it these days.
If you want to come, you’d best go in with a long-term battle mindset, not just riding a passing trend.