February 2026 Summary: 3.54% profit, 480,000 yuan

Looking at my profit and loss for this month, it’s really quite poor. When things are bad, I might as well write about it. [Taogu Ba]

Was the market in February bad? Actually, it wasn’t. I just didn’t choose the right opportunities to trade.

Some stocks I lost money on this month: TBEA lost over 100,000 yuan, Toris lost over 200,000 yuan, and Keda Guochuang lost over 400,000 yuan. In fact, I didn’t hold many stocks that lost significantly. If I had held onto them, I might not have lost money, or only lost a few thousand yuan.

But this kind of thinking is really dangerous. If I don’t sell after losing about ten percent, I could end up losing twenty or thirty percent later, or I might stubbornly hold and miss other opportunities.

This has happened to me many times in my investing career. Now, I tend to cut losses decisively to avoid being deeply trapped.

Apart from the above insights, my experience from huge losses is that I must never hold full positions in one or two stocks. This approach is just too risky.

Every time I hold full positions in one or two stocks, if they drop by more than ten percent, just three such drops can wipe out half of my market value.

But that’s not the worst part. The scariest thing is that after losing half of the value, my mindset completely changes. My confidence is shattered, and subsequent operations become chaotic.

At the end of the month, I was just lucky. I made tens of thousands of yuan through Philihua, and only then did I barely break even this month.

The road of investing is full of pitfalls. A little carelessness or emotional trading can lead to a deep abyss, so I must be cautious and even more cautious.

It’s better to earn less than to be aggressive. Don’t always chase high, aiming to earn ten or so points to break even. It’s not that easy. If it were that simple, why didn’t I just keep earning ten points repeatedly? I would have surpassed Xu Xiang long ago.

Alright, everyone, have a happy weekend. Up next is the market in March. Whether you’ve been following me for a long time or a short time, if you’ve tracked me for a few days, you know my situation. I only choose stocks at the right opportunities and still make steady profits. Keep an eye on yourself and me. If one day I stop choosing the right stocks and start messing around, remind me more. The market is always changing, and there are times when we lose our way.