Photo by Raj Rana on Unsplash
Dear Readers,
Thank you for coming here!
It is my first time experiencing such a turbulent market situation ever.
A few days ago, e-cigerate industry got hit really hard, due to restrictive regulations in China. So the RLX almost halved.
I thought these kind of restrictions would tank the market in the short term. But in the long term, they would accelerate the exit of followers and benefit the leaders.
Therefore, I almost emptied my war chest to top up RLX. I thought the bottom had been reached.
And yet again, there was another 20% drop…So it has been more than halved.
And now, naturally my portfolio is back to the deep red zone.
The market is really interesting! And I think that is the time we learn to fear the market.
Photo by Li Yang on Unsplash
So...