f there’s anyone who can discuss the stock market with this ID, they’re at best in the state of sperm or egg—not even a fertilized embryo. Besides, the stock market game is played through action, not words, so I usually don’t talk. But seeing how some people are tormented by the market, out of sympathy—and since it’s the weekend—I’ll say a few words.  

A year ago, when the market plunged to 1,000 points amid its bloodiest turmoil, I saw many pitiful souls online and used an old ID to give a clear statement: "G stocks are the G-spot"—the bloodier it gets, the bigger the opportunity. Now, this G-spot has become unbearable for many. Most people in the market are pathetically fickle—afraid when it falls, afraid when it rises. So today, I’ll add another phrase: "No need to trap a bull market."  

The key meaning of "no need to trap" is: don’t apply old thinking to market trends, especially if you don’t understand the market well. For example, some say Wuliangye’s warrants are crazy at 3 or 4 yuan—these people just don’t get the market. Do you know how high Bao’an warrants once went? That Shenzhen’s market has a tradition of warrant speculation influenced by Hong Kong? That crazier warrants are everywhere in Hong Kong? The market always exceeds ordinary imagination—3 or 4 yuan is expensive? Why can’t stock prices surpass liquor prices? One day, adjusted for splits, it wouldn’t be strange if a bottle of Moutai or Wuliangye couldn’t buy one share of its stock.  

Of course, for a very few, the market is an ATM—withdraw at will. How? By understanding the market thoroughly. Those who truly get it know the market is always the same—like people in different clothes, stripped bare, all identical. For them, bull or bear doesn’t matter; the market is always an ATM. The only difference in a bear market is smaller capital and fewer trades.  

Even in a bull market, the profit gap between masters and amateurs is vast. If a stock doubles, amateurs pocket at most 100%, while masters easily make 300–400%. Stock investing is simple: cost is key. Timing is cost. If your cost is below the market average, you’re invincible. Volatility is risk, but it also offers chances to exploit fluctuations, driving holding costs to zero or even negative. Then, bull or bear, it doesn’t matter. Volatility means risk, and thus profit. Given time, a master can profit more from a falling stock than an amateur from a rising one—though true masters never fight the trend.  

Investing is art, and its essence is capital management—like singing is the art of breath. Market fluctuations unfold between high-low relationships in a complete classification. Grasp this, and the market is as clear as your palm lines. This applies not just to retail investors but to market makers too. There’s a higher level, but it’s pointless to explain—so I won’t.  

Shuheng:  

After Chan’s first stock market lesson on May 12, 2006—"G Stocks Are the G-Spot, No Need to Trap a Bull Market!"—half a year later, on June 7, 2006 (18:08:15), why did she start "Teaching You to Trade Stocks 1: 'An Economist Who Can’t Make Money Is Trash!'"? The answer is clear after reading my annotated charts for Lesson 10. Over 108 lessons, Chan guided everyone through a full cycle—from the rise’s start to the fall’s end. In Lesson 108 (August 29, 2008)—"What Is a Bottom? Mid-Term Trends from Monthly Charts"—she taught how to identify bottom patterns, confirmed by October 2008. The series concluded with her final post on October 10, 2008: "Nothing More to Say."  

On the anniversary of Chan’s blog hiatus, while compiling chart annotations, I reread her texts deeply. Her literary skill and market timing align flawlessly—my admiration is beyond words.