Written during GigaDevice's pullback

PortfolioAlert · 2026-02-27T05:57:30+00:00

The article discusses an investment strategy emphasizing "full position + moderate leverage" and sets requirements for risk management. It recommends moderate diversification of stock holdings, selecting 2-3 cross-industry stocks to reduce volatility pressure. When choosing stocks, consider industry prospects, company position, and reasonable valuation, focusing on high-quality assets with long-term potential that can withstand bull and bear markets.

PortfolioAlert

2026-02-27 05:57:30

Abstract generation in progress

Core Investment Style: Full Position + Moderate Leverage
My Trading Positioning: Full position enthusiast, with moderate leverage.
Preconditions for Using Leverage: Leverage itself is neither good nor bad, but full position + leverage requires extremely strict criteria; Small-cap stocks (tens of millions to a billion) with full position and leverage are extremely risky and will not be pursued; Suitable only for: long-term cycles, capable of enduring bull and bear markets, high win rate, reasonable odds, and controllable costs.
Stock Concentration: Moderate Diversification, Reject Monotony and Pressure
Not recommended to hold only one stock (e.g., only Zhaoyi Innovation), as volatility and psychological pressure are high;
Preferred: 2-3 stocks, different industries, with flexible combinations;
Example: Zhaoyi Innovation (storage/chips) + China Merchants Steamship (oil shipping), cross-industry hedging, more comfortable holdings.
Three Core Elements for Stock Selection (Practical Standards)
Industry and Performance Large industry, at a cyclical turning point; Has explosive growth potential (oil shipping, storage, panels, etc., follow this logic).
Company Position High industry concentration; Target in an oligopoly or duopoly, with bargaining power, pricing power, and monopoly ability.
Valuation and Price (Most Important for Leveraged Funds) Valuation should not be too high; Constructing a portfolio at high or mid levels involves large volatility risk, and leveraged funds fear big swings; Requirements: valuation, stock price, and shareholding structure all need to be relatively well-adjusted.
Summary

Only focus on: industry inflection points + oligopoly leading companies + reasonable valuation/shareholding + long-term ability to withstand bull and bear markets; Based on this, adopt a full position + moderate leverage, with moderate diversification.

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