wu fan
wu fan|Oct 26, 2026 15:48
When QQ hit a new high, some people said, "Buying QQ at any time is profitable. Buying now is fine too! Go for it!" I reminded you that if you bought in 1999, you'd be stuck for 15 years. Most of the time, if you blindly buy QQ and maintain a long-term dollar-cost averaging strategy, historical backtesting shows you'll make a profit. But that's all wishful thinking. When it drops 50%, how many people can hold on? How many people will continue dollar-cost averaging instead of selling at a loss? Take CRCL, for example. I've been advocating for it for so long. When it dropped 50%, what was the reaction of those who confidently said they could hold CRCL for 10 years? I remember it clearly. Two weeks ago, I warned about the risk of a pullback in Nasdaq. At that time, many people forwarded and commented, continuing to be bullish and saying my interpretation was flawed. Then, after a 5% drop in a week, they immediately changed their tune, saying a major crash was coming. After two weeks of decline and the market stabilizing, I started buying and became bullish. These same people were still saying to continue observing. There's a lot of noise. It's common to be right or wrong in judgment. But you have to be honest with yourself and others. Right is right, wrong is wrong. I started buying Soxl at 118, and even when it dropped to 80, I was still buying, bringing my cost basis down to below 100. I did make a mistake; I bought a little too early, and my position was slightly overweight. But losing money is embarrassing. If I could be right the first time, I could double my money in just seven times and achieve 100 times. It's impossible to never make mistakes. We'll see how things go, like flying and repairing a plane simultaneously.
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