I certainly know that doing oscillation wave trading back and forth will inevitably lead to a "drowning" incident, so after doing it a few times, I only used the word "gamble". If I make a mistake and hit the stop loss, then the profit from the last time is gone. At first, the market is uncertain, which easily leads to panic; the oscillation trend hasn't emerged yet, and not many people are participating, so there are actually more opportunities. Those who discover the patterns first make money. When the oscillation trend becomes very obvious, that's when many people feel safe to participate, and that's when problems can easily arise.

In the past few years, those who bet on the electric vehicle track during the fierce competition between oil and electricity have basically enjoyed the joy of huge profits. When the expectation (that electric vehicles would shift from a niche market to a mass market) becomes reality and the trend is irreversible, it all comes down to each company's core competencies, technological direction, and the expected growth versus actual growth capabilities. BYD and NIO happen to represent two different directions... Capital tends to first raise expectations significantly and then wait for performance to catch up. If performance consistently exceeds expectations, there is still a chance to maintain or even continue to set new highs; if performance falls short of expectations or even declines, it will face capital clearance. Therefore, when expectations are raised very high and performance needs to be delivered, it usually presents a good opportunity for profit-taking, what is referred to as speculating on expectations. The electric vehicle track has shifted from widespread skepticism to its current popularity; although there is still growth, it has clearly slowed down. If one still wants to play in this field, it is necessary to carefully select those that can thrive in the future and continue to have growth or new developments to expand profitability. This is true for any track, whether it was the internet in the past or the current developments in AI.

Wan Hui's understanding is much higher (much higher than the retail investor group), and it's true that you shouldn't buy Wan Hui's coin (buying it will bring misfortune).