If this is the starting point of a new round of market, it is more important to avoid mistakes than to miss opportunities.

I will stay away from assets that have illogical surges and short-term eye-catching. These assets are often pulled up at the beginning of the market, but the prices stagnate when the market is the most intense, and finally the chips are dumped. Similar anxiety scenarios often occur when liquidity is scarce, such as October 2023 and February 2024.

This kind of trading method will greatly increase the time cost of the market and trap investors in sunk costs when holding these assets. On the one hand, the market is high, and on the other hand, it is waiting for a rebound, and the result may be a painful loss.

On the contrary, those assets with high ceilings, clear narratives, solid fundamentals and value differences, after a round of value discovery in a bull market, there are not many left that are really worth paying attention to. These assets are usually not absent from future gains.