Today's A-share trading volume reached 3.12 trillion, with 3,920 stocks rising, and the Shanghai Index climbed above 4,120 points.
It's now the 16th consecutive trading day of gains.
This time is different from the last time the index reached 4,000 points. This time, the profit-making effect is getting stronger day by day. Funds from outside the market are truly starting to come in.
Position is not high, but the mindset is very good
My position isn't heavy. But I'm not anxious either. I may have missed out on a bit of profit, but my holdings are still making new highs every day. When it drops, I gradually buy; when it rises, I just enjoy it.
Today, rare earth performed well, and the overall return is roughly in line with the index, essentially outperforming the broader market.
What's most interesting right now is:
More and more people are starting to fear price increases.
The core of AI is shifting toward 'power and liquid cooling'.
Today I watched Elon Musk's latest interview.
He spoke very directly: if power and liquid cooling can't keep up, chips might become oversupplied.
Taiwan Semiconductor's concerns aren't unfounded.
So today I bought a little bit of AI-related power and liquid cooling.
The only condition: valuation shouldn't be too extreme. If PE is too high, I still can't bring myself to invest.
Hong Kong stocks are clearly weak, so I'll step back for now.
Hong Kong stocks have clearly underperformed A-shares recently.
This morning, I liquidated my Alibaba position.
Now there are basically no tech stocks left.
The portfolio is mainly in second-tier new stocks.
Innovative drugs are starting to show signs of recovery.
Recently, I can clearly feel:
Innovative drugs are recovering.
Today, Yingen and Helian both moved.
I also bought two innovative drugs that had fallen more significantly for the first time in this rally.
Start with a light position, observe gradually.
Second-tier new stocks are strong, but hard to trade.
Today, Hong Kong's new and second-tier new stocks were generally strong.
To be honest, the trading difficulty is also high.
For such stocks, I don't expect to achieve perfection.
I'll still try to earn money based on logic.
Quick in, quick out, decisive actions aren't really my strength.
Ruibo: no need to sell everything.
I gradually handled Ruibo.
I fully liquidated the new listing portion around 70, at an average price of 75.04.
Later, when it dropped to 66, I added a little more.
When it rebounded to my psychological price point, I sold half.
The rest I left untouched.
As the first wave of pure siRNA, there's no need to liquidate completely.
Moreover, what's left was originally profits from new listings.
Minimax: made a profit, but still felt uneasy inside.
I started selling Minimax from the opening.
The average price of the new listing portion was 244.
In fact, I was already quite satisfied this morning.
But seeing the closing price, saying I'm not upset would be a lie.
I sold off the portion I picked up, all the way to around 275.
It just about covered the floating loss of Tianshu Intelligent Chips.
For chips, two are enough to keep.
In the afternoon, Tianshu Intelligent Chips suddenly surged.
The trapped positions turned positive, so I sold half.
Now, I only keep Biren and Tianshu among chip stocks.
Not many in number, so the pressure isn't high.
The portfolio structure is actually very clear.
The current direction in my portfolio is simple:
Second-tier new stocks / innovative drugs / gold / TPU chips
To control position size,
I sold Alibaba, Tencent, HKEX, SMIC, and Hua Hong all at once.
Innovative drugs have returned to the largest weight.
Looking back, the allocation of new listing funds was correct.
The most invested: Tianshu Intelligent Chips, Ruibo, Minimax.
The less invested: Zhipu, Jingfeng.
Completely abandoned: Jinxun (now looking like a mistake).
Minimax's returns exceed the combined gains of Zhipu and Tianshu.
Ruibo remains the top performer.
Overall, I'm satisfied.
2026 has started on a good note
After a busy day, the result was good.
Going forward, I plan to slow down.
The market isn't bad, so no need to rush.
Finally, a heartfelt word.
Many platforms nowadays
Love to hype 'average annual income of a million'.
To be honest, such content is quite harmful.
My parents worked hard all their lives in the countryside,
But still didn't accumulate much assets.
Investing is about:
Going slower and staying clearer can actually be more important.
