Market Notes

① Technical basics: Chart · Trend · Volume 技术面入门

• 1 Candlesticks fully illustrated free
  Candlesticks · one candle = open/high/low/close; bullish/bearish, body/shadows, engulfing, doji, hammer, stars.
• 2 Trend lines, channels, support & resistance free
  Trend · draw an up trend line, use channels, locate support & resistance.
• 3 Volume and the price-volume relationship free
  Volume-Price · what volume is, how price and volume confirm, divergence as early warning.

② Indicators: MAs · Momentum · Combos 技术面指标

• 4 Moving averages: bullish/bearish alignment free
  Moving Averages · MA(N), bullish/bearish alignment, golden/death cross in practice.
• 5 MACD in depth: DIF, DEA and bars free
  Indicators · MACD DIF/DEA/bars, crosses & divergence, DMI and volume charts.
• 6 Advanced indicators: RSI, KDJ, BOLL & combos free
  Indicators · RSI, KDJ, BOLL, and how to combine several indicators.

③ Fundamentals: reading the statements 基本面

• 7 Financial statements: income & balance sheet free
  Fundamentals · three statements overview, reading income & balance sheet.
• 8 Cash flow, ROE and growth free
  Fundamentals · cash flow, ROE & DuPont, growth & quality metrics.

④ Valuation · Dividends · Position · Risk 估值·风控

• 9 Valuation: PE, PB, PEG and DCF free
  Valuation · PE, PB/PS cross-sectional, plain-language PEG and DCF.
• 0 Dividends, position sizing and stop-loss free
  Risk · dividend yield & buybacks, position sizing, stop-loss & pitfalls.

A · Mindset & Method

Build a "respond, do not predict" DCA framework and understand why A-shares demand cycle timing.

• 01 Intro: why a system beats guessing free
  Adopt "respond, do not predict".
• 02 Four-step DCA: sector / active / bond / index free
  Roles and sizing of four fund types.
• 03 How to pick a fund: fees, tracking error, benchmark free
  Low fees compound in your favor.
• 04 Why we insist on cycle timing ☕️ tip
  Institutions earn fees; we earn upside & dividends — and A-shares range.

B · 4 Fund Types × Market Cycle

Sector / active / bond / index — each with buy & sell discipline for bull · ranging · bear markets.

• 01 Sector-fund strategy for a choppy market free
  In a sideways market, follow the trend and fade the wobble: scale in over 3 tranches, trim by deviation.
• 02 Sector rotation: ride the up-cycle ☕️ tip
  Entry, exit and taking profit on sector ETFs.
• 03 Active funds: manager, style, drawdown ☕️ tip
  Spot managers who outperform long-term.
• 04 Bond funds: duration & credit ☕️ tip
  Use bonds to dampen portfolio volatility.
• 05 Active funds in a ranging market ☕️ tip
  Buy drawdowns, not rallies; sell half at the 50% annualised line and swing a half position.
• 06 Active funds in a bear market ☕️ tip
  Staggered DCA only when time and space align; swing a half position to lower cost.
• 07 Active funds in a bull market ☕️ tip
  Don't chase rallies: buy in one shot when YTD is below 50% of the average and monthly is below the bull average; then scale out in batches.
• 08 ETF & Index Fund Basics ☕️ tip
  Index fund vs ETF, four families, how to pick (fees / error / scale / liquidity).
• 09 How to pick a quality index fund ☕️ tip
  Two rules: listed 5+ years, repeatedly makes new highs.
• 10 Index funds in a ranging market ☕️ tip
  Buy pullbacks for swing gains; tiered entries by MA, exits by deviation.
• 11 Index funds in a bear market ☕️ tip
  Back to valuation: build below PE 30%, scale out as PE climbs.
• 12 Index funds in a bull market ☕️ tip
  Hold with the trend + trailing stop: build above MA, add on pullbacks that hold, scale out by drawdown from the high.
• 13 Bond funds in a bull market ☕️ tip
  Buy in one shot when below historical monthly average; scale out in thirds.
• 14 Bond funds in a ranging market ☕️ tip
  Buy on drawdowns, widen the profit tolerance, keep ≥1/2 position.

C · Specialties & Tools

High-dividend, ETF grid, gold & macro — extra tools for the kit.

• 01 High-Dividend Basics: SOEs / Banks / Utilities free
  What yield is, why these three, buy when richer, sell when compressed, pair with DCA & grid.
• 02 ETF Grid Trading Basics ☕️ tip
  Compound the small in choppy markets: band & rungs, stop below, clear above, complement DCA.
• 03 Gold & Fed Macro Basics ☕️ tip
  Real rates price gold; how FOMC & dot plot move gold & equities; how to track macro.

D · Stock Picking

From undervalued screening and shorting to leading stocks.

• 01 Undervalued Stock Screening Basics ☕️ tip
  What "undervalued" means, PE/PB percentile & PEG, three screening conditions, value traps.
• 02 Long vs Short Basics ☕️ tip
  Long buys then sells for a rise; short sells then buys for a fall; a 4-step account opening guide; A-share short tools and the ¥500k barrier.
• 03 Leading-Stock Basics ☕️ tip
  Why leaders are steadier, three leader types, emotion/chips/narrative triad, dragon-finding rules, pair with DCA & grid.

E · Portfolio

Assemble everything into one executable personal plan.

• 01 How to Invest ¥100k: the 5-3-2 Rule ☕️ tip
  Protect the first pot: 50% anchor, 30% arbitrage, 20% DCA — with fixed-income landmines and a retail toolkit.
• 02 Buy/sell playbook for 4 fund types: sector / active / bond / index free
  Explains the differences and gives each a buy/sell discipline with concrete numbers.