To The Moon

​Last night, the US Securities Regulatory Commission listed five Chinese stocks in the provisional list of the Accountability Act of Foreign Companies, including ($Yum(YUM)$,$(BeiGene)$,$Zai Lab Ltd(ZLAB)$,$Acm Research Inc.(ACMR)$ and$(HUTCHMED)$).

According to the bill, if a foreign listed company fails to submit the report required by the Accounting Oversight Board of Listed Companies in the United States for three consecutive years, the SEC has the right to delist it from the exchange.

This news caused China Stocks to be bloodied again, with Pinduoduo$Pinduoduo Inc.(PDD)$ plunging 17% overnight and iQiyi$iQiyi Inc.(IQ)$ plunging 22%!

Panic spread to Hong Kong stocks, and the$MEITUAN-W(03690)$ once fell by 12%; Tencent once fell 6% and its share price hit a new low; Alibaba$Alibaba(09988)$ plunged 8% to below the HK $90 mark.

All other Internet companies have suffered bloodbaths.

Under the panic, many Chinese stock investors are hesitating whether to continue bargain hunting.  Below are several bear market life-saving experiences from10 years experienced investors--Me.

Tip1: Never leverage

In 2015, leverage was the first thing to kill, but investors who raised funds basically did not end well.

Therefore, if you want to bargain-hunting stocks, don't use leverage.

Tip 2: Don't rush to add positions

For investors who bargain-hunting, the most pain is from increase of positions frequently.

Take Tencent as an example. In the HK$ 410-480 sideways oscillation range, many investors repeatedly increased their positions, including Duan Yongping.

Everyone thought that Tencent was no doubt a big bottom then, worried of missing 20 PE Tencent. Finally, Tencent ruthlessly fell below its support range causes huge losses.

Now facing the SEC delisting crisis, Investors also anxious about whether to buy some or not.

My Personal experience to investors will be: in a bear market, bargain-hunting is not planned according to several points like Tencent's 20PE, 15PE or 10 PE g. It is suggested to bargain-hunting at a much widen PE range.

Tip 3: seta position ceiling for eachsingle stock

Many investors don't set ceiling of positions, even sometimes sell profitable stocks to buy loss-making stocks with whole positions.

Personally, I set maximum position of 30% for a single stock or stocks in the same industry. After reaching it, no matter how cheap the price is, I will not increase my position.

If the loss-making stock is a good stock, it will rise back later and even hit a record high, just like Tencent.

And if the stocks you buy are junk stocks or the fundamentals deteriorate, the more you add positions, the more losses you lose.

Therefore, if China Stocks account for a relatively high position, don't increase your position.

Tip 4: Buy the best stocks

If you are bargain-hunting stocks with the fundamentals are not good enough, even the future index goes bullish, the stocks you bargain-hunting will still fall endlessly.

Therefore, if you have a bargain-hunting plan, you must buy the best one in the sector or market, such as Tencent VS Alibaba. As choose different, the future results will definately be different.

Tip 5: Don't sell easily

In a big bear market, you may not buy at the lowest point, but the final outcome is generally not too bad. However, many investors will sell to stop the profit after a slight rebound.

Big bear market usually give cheap opportunities, don't sell because of a rebound, sell should always be based on fundamentals and valuation, profit and loss figures change is not the reason for operation!

​$TENCENT(00700)$​$Pinduoduo Inc.(PDD)$​$iQiyi Inc.(IQ)$​$JD.com(JD)$​$Alibaba(BABA)$​