Stock Live Trading P144: Liquidated everything, made peace with myself.

I lost almost 10,000 yuan again yesterday, and only then did I sadly realize that whether it's following the main trend, doing value investing, or sticking with old stocks, I'm just not suited for this market. I can only accept the fact that my skills are inferior to others, make peace with myself, and have liquidated all my stocks.

Actually, I should have done this on January 31st. Back then, I had an epiphany and realized that value investing is a scam. And these past 20+ days have completely confirmed my thinking at the time. Microsoft, Amazon, NOW, and Pinduoduo have been in a steady decline. The result of me stubbornly holding on is that the options became increasingly worthless. The losses kept piling up. I saw it right, but I did it wrong, losing to wishful thinking.

Cutting off an arm to save a life is painful, but it can preserve life. I finally made up my mind to liquidate everything, including the platinum I bought yesterday and the day before, which cost me another five or six thousand. I bought platinum mainly because I thought precious metals were the main trend, and platinum was at a position worth taking a gamble on. But as soon as I gambled, I was wrong. I bought in at over 16 yuan, and it dropped to 15 yuan when I liquidated, and the options also went to zero.

It's as if the market is warning me again and again that I'm not suited for it. As soon as I make a move, I lose. And what's funny is, if I had entered a day later or a day earlier, the outcome would have been different, but I just happened to pick the worst possible time to enter, including with Be. I observed the trend; out of 15 days, I could have made a lot of money with options on 14 of them, but I just happened to pick the day they went to zero.

It was the same yesterday chasing Boeing. Boeing offered many days of low opportunities to buy low and sell high, but yesterday and the day before just happened to be low opens followed by further declines. I didn't buy when it was low open, high rise before, I didn't seize the chance, but when it was low open, low fall, I stubbornly held on until it went to zero. I only had 70,000 yuan to begin with, and now I'm down to 60,000. I can only leave the stock market for now. Not exactly leave, but completely stop playing with these old stocks and stop chasing the main trend, unless the price of the main trend is at a very tempting level, then I might consider buying some shares or options.

After spending so many years and so much money, I finally understand that most of the time, you need to be in cash, be patient, and wait for opportunities. I don't need to watch the market anymore, don't need to keep an eye on earnings reports, and don't need to watch sentiment anymore. Whether the market crashes or soars has nothing to do with me because I'm someone who's in cash.