SirCai-OG 抄底版

A Cai’s Bottom-Buying Diary — Extra Chapter (1)
Because I’ve already completed the bottom-buying (value averaging) task!
I have some experience and insights on this: this current bear market has been truly frustrating. At the beginning, around the 60k level in the square, almost everyone agreed that it would go to 50k or 55k—this is for optimistic people. For the pessimists, even 38k to 45k felt like it could be bottomless (I’m in that camp, haha).
For someone like me who hasn’t experienced a bear market, my approach to buying the dip is quite complicated. I wanted to buy at low levels, but I also didn’t want to miss the boat or take on too much unrealized loss. So I observed that, roughly, the ratio of people in the market who continued to watch from the sidelines versus those who had already started buying the dip was about 9 to 1. Those who started DCA had already begun buying—starting from around 72k, they bought whenever the price dropped. Of course, back then they were also getting trapped. As for the people who didn’t buy, there probably aren’t many who managed to get on board until now. I personally did it out of fear of missing the boat, so I used a small-position DCA and gradually completed my initial position around 63k, which also gives me some necessary protection for any later chasing of gains (at the very least, it saved me a few thousand points of position).