Let’s talk about A-shares again. After getting out near the top at 4,200 and staying in cash, I watched for 3,800, then waited at 3,800 for 3,650. During the months of waiting, I made three small swing trades, but none worked out particularly well. Here’s my take: I’ll build positions in batches in the indices from 3,500 into the 3,600s, whether it’s for a rebound or a reversal. I’ll also buy the ChiNext Index in batches around 2,500–2,600. As for individual stocks, even though they’ve already been cut in half, they should be bought amid panic—but I’ll be cautious. I’ve decided to wait for a clear move up before entering. For now, I’ll only add to index positions in batches; I’ll wait a bit longer on everything else. I’d rather buy at a higher level than fail to respect the market. I think the broader bull-market trend is still intact. U.S. stocks are fluctuating at high levels, and the overall environment isn’t great, so I’ll be more cautious with individual stocks. Buy amid panic: when everyone is in despair, the market is often close to bottoming out. So it makes perfect sense to be cautious and buy in batches from October to November. All the great opportunities arise out of fear. These are just my personal views and not investment advice. #股票财报季 #股票