ByteDance made 30 million yuan in stock trading, main player talks about storage market: market enters chain clearing, reducing leverage is healthier in the long run BlockBeats News: On July 4th, Leto Bao, the protagonist of "ByteDance made 30 million yuan in stock trading", published an article discussing the storage market. Why has storage fallen sharply in recent days? Due to the excessive withdrawal of institutions and the chain liquidation of leveraged funds being forced into a downward spiral, it is believed that killing leveraged funds appropriately is healthier in the long run. Leto Bao also stated that investments must have their own beliefs. There was once a colleague in the ByteDance investment group with assets of several million dollars. At the beginning of the year, he was optimistic about storage, but his faith was not firm enough. So he personally went to the Micron factory in Singapore to visit and recharge his faith, and then firmly bought it. Listening to others' recommendations is someone else's belief, it has nothing to do with you. If it rises, you can't hold on, and if it falls, you can't hold on. Leto Bao believes that there are several situations when it comes to how ordinary people invest: investors with elderly and young family members burdened with mortgage and car loans who want to improve their lives through investment must not invest at this time. The urgent task is to first reduce the leverage of life; Investors who have no financial burden but do not have much savings should first improve their earning ability; If you have a certain deposit (based on a PDT threshold of $25000), but have not been exposed to investment, or are completely uninterested in investing and only want to make money, buy the index directly and never touch individual stocks; People who are truly suitable for investment: have a certain amount of savings, are passionate about investing, have learning ability, and the primary goal is not to make money, but to play investment as a strategy game, enjoy the fun of trading, improve cognition through information sources to accelerate money making, have goals and real-world feedback. At this time, investment is more interesting than any strategy game. [Original link]