Stay rational amidst frenzy; without risk awareness, you'll eventually be harvested.

These past few days, the stock market has been like a roller coaster—exciting, yes, but the rabbit's tail won't grow long. From the volume changes alone, it's clearly chaotic! For two consecutive days,主力资金 (mainstream funds) have dumped 270 billion yuan in pressure, yet the market hasn't collapsed. This performance is no different from the 924 market rally. So we remind everyone: you can be excited, but absolutely avoid blindly chasing highs. We're now dancing on the edge of a knife—fasten your seatbelts.

Yidian Tianxia has seen its stock price double in just 9 trading days, even making a sharp turn. The company itself couldn't stay calm anymore, so it has suspended trading starting today (January 15). Look at Guosheng Technology—another troublemaker—its stock price has been wildly volatile. The Shanghai Stock Exchange has stepped in, suspending some accounts engaging in irregular trading. What does this mean? Regulatory authorities have now set their eyes on this 'frenzied' market! Of course, this isn't an isolated case, nor is it new. Suspending accounts won't solve anything, but we can use the regulators' stance to gauge market sentiment. Don't lose yourself in the madness.

Yesterday afternoon, regulators dropped another major move—raising the margin requirement for financing. Although many still argue it's meant to help the bull market run longer and more steadily, anyone with eyes can see it's clearly a signal to cool down the market! We certainly hope for a bull market, but it should be a healthy, steady bull—not a wild, reckless one. Think about it: if we let the market go unchecked, the end result will inevitably be a disaster, leaving investors emotionally crushed and taking years to recover.

Don't think regulators only have this one move. They have many more cards up their sleeves! This month, over 50 companies have updated their IPO progress, and industry insiders expect A-share IPO activity to remain active. In plain terms, they're increasing the supply of stocks to 'release the flood' and relieve overheated market pressure. History always repeats itself—every time the market goes crazy, it's followed by painful consequences.

So, eat your meal one bite at a time, and trade stocks gradually. Chasing highs and selling lows might feel thrilling, and profits feel amazing, but do you know how many people end up stranded at the peak, losing everything? The cost of chasing highs is often devastating for most.

Market cooling is a process, and we can't predict with certainty when the peak will come. But we do urge you not to overpay when speculating, and when chasing gains, maintain a clear mind and have a solid reason—not just be swept away by market emotions. Risk and opportunity are equal: the greater the risk, the greater the potential reward. As seen in the recent market volatility, if you hit the right theme, you'll make big gains; if you miss it, you'll suffer big losses.

Investing is a marathon, not a sprint. Stay rational—don't let greed cloud your judgment for a moment. Only by staying steady can you truly win in the end.