The core of trading in a volatile market is controlling drawdowns and preserving capital. The strategy focuses on "defense + swing trading."

Core strategy: Keep position sizes at 50-60%. Use a "barbell" structure for holdings—one end consists of high-dividend assets like coal, electricity, and banks as ballast, while the other end allocates a small portion to growth tech stocks (such as AI and semiconductors) to gain flexibility.

Trading approach: Adopt a "top and bottom" box thinking. When the index drops to support levels (during panic), buy in stages; when it rebounds to resistance levels (during euphoria), sell decisively. Avoid chasing highs and selling lows. Strictly follow short-term trading discipline, setting a stop-loss around -7%, and taking profits in stages near +10% to +15%.

Current key points (March 2026): The market is rapidly rotating between resource and tech stocks, so it’s advisable to buy on dips and accumulate. Keep a close eye on overseas situations and market volume changes, waiting for clearer signs of stabilization. Maintain patience and reduce trading frequency.