60W wave band, day 183, continues to reach new highs, currently at 1.93 million

March 2nd, Day 183 of swing trading. Let’s look at the account first. Today, I made over 10,000 in profit, and the account hit a new high, reaching 1.93 million. I made two adjustments: sold China Shipbuilding Industry and bought Zijin Mining.

Let’s talk about individual stocks. Xinwei Communication performed fairly steadily, with some resistance above, but the support levels are still relatively stable, so I’ll keep watching. Nothing particularly noteworthy there.

Then, I switched from China Shipbuilding Industry to Zijin Mining. China Shipbuilding Industry is fine; the recent international situation has made everyone think of national defense and military industries. However, the entire sector hasn’t met my expectations and feels a bit weak, perhaps because we’re not the most direct participants.

So, I took a step back. Often, in wars, territory isn’t the main focus; resources might be the key to ultimate victory. Recently, non-ferrous metals have been performing well and show some continuity. Zijin Mining hasn’t had much volatility lately and remains relatively calm, so I chose Zijin Mining instead of other popular non-ferrous or precious metal stocks.

Many people worry about Zijin’s large market cap, but for me, that’s never an issue. I only consider if the market cap is too small. A large market cap is never a problem; it depends on individual preferences.

These days, my holdings have been relatively dull, but that’s okay. Take it slow. The market is just starting this year. There’s no need to rush to climb to the next level. Give yourself and the market some time. Let’s look forward to tomorrow’s market.

That’s all for today. Nothing particularly special to say, just a simple record. If you like it, please like and follow. Thank you!