Never know what to buy, until know what to buy

When I often listened to financial programs, I overheard experts say that JD.com 's business model was so good that he had lost money for ten years in a row and was favored by capital. at that time, I felt that I should buy JD.com 's stock. I overheard the advertisement of a certain financial program, "play with US stocks, get on the tiger", so I opened an account in Tiger Securities. The first deposit of US $3000 was made on March 7, 2016.

After entering gold for the first time, I couldn't wait to buy JD.com. I bought it at 26.47 on March 7, then watched it rise and fall every day, and then wavered. Sold at 26.98 on April 1st, making a little profit. JD.com wavered at the thought of losing money for many years in a row. So he bought BABA again, bought at 78.43 on April 1, and then saw JD.com rising again, so he wavered again and sold at 79.25 on April 15, making a little profit again. Then on April 15, I bought JD.com for 29.93, and then I seemed to encounter events such as shorting JD.com or a rating downgrade, which caused JD.com 's stock to keep falling, and then I panicked. It was sold at 25.07 on April 27th, resulting in a big loss. From these transactions, I think that investment must not be swayed around, not a full position of a stock.

Then I stumbled upon the daily turnover rate list in the stock change list. On one occasion, I found that the US stocks, which ranked first in the daily turnover rate, had risen to 200%. I really dared not catch up. When I got up the next day, I found that it had risen to 600%, and then I regretted not catching it last night. A few days later, I found that Hong Kong stocks, which ranked first in the daily turnover rate, had also risen to more than 200%, and they did not dare to catch up. As a result, at the close of the day, it rose to 800%, and then I very much regretted that I did not catch up at that time. After these two times, I thought I could make money in this way. So he bought $XG Technology Inc (XGTI) $on May 23, 2016 for 0.1351, and sold it on May 24 for 0.238, making a lot of money. And then bought it at 1.94 on July 6, 2016. $Birks Group(BGI.US)$

$Birks Group(BGI.US)$On July 6, it sold for 3.6 and made a lot of money. After these two transactions, I am more convinced that this can make money. At that time, I naively thought, why didn't Buffett do this? Later, I figured out that if Buffett used his size to buy such small-cap stocks, he would certainly go up to heaven as soon as he bought it and fell to 18 layers of hell as soon as he sold it. I thought I could make money in this way, so I went to see the daily turnover list of the stock exchange list every trading time, for fear of missing the demon stocks. I basically went to see it every ten minutes. It is conceivable that success once or twice cannot guarantee success in the future. At this time, I deeply understood two principles: one is to lose nine out of ten bets, and the other is to lose 50%. It needs to rise back to 100% to get back the capital, that is, Buffett said, "first, do not lose principal, second, do not lose principal, and third, always remember the first and second." So in September 2016, $3000 was basically lost. After the loss, I woke up and could not play demon stocks in heavy positions. Even if I wanted to play, the position must be very small, and the main position should still be put on good stocks.

So I made another $3000 on October 11, 2016, but I was still not sure what to buy. Basically, I bought high and sold low, and lost more than $1000. At the same time, I also invested in A shares in 2015. I followed the order on A shares for more than a year and made money. But in May 2016, A-shares made me so sad because I had been following orders all the time, but I lost a lot of money at that time, so I cut off most of the positions in A-shares, leaving only a very small position, and put the money sold back into Tiger Securities. From this incident, I have come to the conclusion that you can't follow orders when investing in stocks.

So I put the money from the sale of A shares into Tiger Securities on May 17, 2017. I finally felt better this time. I knew that I should buy a good stock, and if I bought it, I would have to hold it for at least a few months. Also remember the boss's famous saying, "if you don't want to hold a stock for ten years, don't look at it for five minutes." It was at this time that I knew how to invest.