ByteDance Stock Trader Who Made $30 Million Discusses Market Situation: Market Entering Chain Liquidation, Deleveraging for Long-Term Health
BlockBeats News, July 4th: The protagonist of "Byte Stock Trading Made $30 Million" Leto Bao shared insights on the storage market. Why has storage plummeted recently? It's because institutions withdrew too rapidly, triggering a chain liquidation spiral as leveraged funds were forcefully closed out. Leto Bao believes that a controlled reduction of leverage is more sustainable in the long run.
Leto Bao also emphasized the importance of having one's own belief when investing. A colleague in the Byte investment group once had assets worth millions of dollars. He was bullish on storage at the beginning of the year but lacked strong faith. Therefore, he personally visited the Micron factory in Singapore to recharge his belief and then made a firm investment. Leto Bao stressed that following others' recommendations is their belief, not yours. You can't withstand the rise, let alone the fall.
Regarding how ordinary people should invest, Leto Bao outlined several scenarios:
For investors who have family responsibilities, such as caring for elders and children while burdened with mortgage and car loans, and aim to improve their lives through investment, they should absolutely refrain from investing. The priority is to deleverage their lives.
For investors without economic burdens but also without significant savings, they should focus on increasing their earning ability.
For those with some savings (taking the PDT threshold of $25,000 as a reference) but no prior investment experience, or those who have no interest in investment but only in making money, they should simply buy index funds and never touch individual stocks.
For those who are truly suited for investment: individuals with some savings, a passion for investing, a willingness to learn, whose primary goal is not just to make money but to treat investment as a strategic game, find joy in trading, enhance their knowledge through information sources to accelerate earning, set goals with real-world feedback. Investing at this stage is more engaging than any strategy game.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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