A brief review of the operation of Changxin Technology's listing opportunity: The listing of Changxin Technology is a major event in China and even the global AI capital market, and must be taken seriously. Before Hyperliquid opened the pre IPO contract, there were no other than four known methods of operation: 1. Opening new accounts with multiple accounts, because Changxin has released considerable chips and conducted an IPO with a very low market value, initially 300 billion yuan, later increased to 600 billion yuan (which makes foreigners envious). As it is one of the top 4 global memory accounts, the market value limit is very high, so opening new accounts has the characteristics of high success rate and high returns; 2. The hype of the secondary concept, as a globally anticipated event with many related upstream and downstream enterprises, has been initiated in the secondary market for a long time; 3. Grab the opening, as the cryptocurrency and US stock markets are T+0, if you are lucky enough to grab low-priced chips at the opening, there is also a chance to make a profit. However, since A-shares are T+1, the risk is much higher (although later Hyperliquid launched contracts, so this method became feasible later); 4. The medium to long term secondary layout is a long-term strategy, with the main starting point being to have a long-term outlook on Changxin. As a benchmark for domestic AI, it can be basically confirmed that it is the enterprise with the highest market value in the A-share market before the opening, and it will become an important lever to drive the development of China's AI economy industry. But if it is pulled too high in the early stage, it will not be conducive to the development of the entire science and technology innovation board and AI capital market. So, the trend I predicted at that time was to rise and then gradually fall back (but not below the issue price), then slowly sideways wash the market, and around the same time be included in the Sci Tech Innovation Index, and then gradually rise. Let's wait slowly. These are the four ideas I sorted out at that time, which I also shared in our community. So how did I do it? At first, I was planning to adopt the fourth method and patiently wait. I thought that the low market value on the first day might not be able to grab it. Later, Hyperliquid launched a pre contract and I saw an opportunity. I took a look. http://trade.xyz The contract mechanism is based on consensus before going online, and the exchange price is anchored only after going online. CXMT opened at $6, which is approximately 3 trillion RMB market value, and soared to $8.5, which is approximately 4 trillion RMB market value. This is similar to my initial estimate in the community. Because I have analyzed that the future will be a process of first rising and then falling, stabilizing, and then gradually rising, I believe that I have the confidence to obtain chips at a lower price in A-shares, just with different lengths of time. Therefore, after thinking about this matter, I prepared a certain amount of funds on Hyperliquid, and at the same time, the corresponding RMB funds were in the exchange account. So, I opened a short order of about 3.6 trillion RMB, which is around 8 dollars, with a relatively conservative 1x leverage. As expected, prices began to gradually decline. Because according to conventional thinking at the time, Changxin was expected to go public on the 21st after its IPO. However, later on, it became known that the entire AI market in the US, Korean, and A-share markets had experienced a significant pullback, so specific information about Changxin's listing was not yet available. I have already earned around 20% on this naked short position, and I closed it out to gain some certainty. Changxin opened today with a minimum price of 38.11, approximately 2.55 trillion yuan market value, and a maximum price of 55.03, approximately 3.68 trillion yuan market value. Therefore, it is difficult to grab low-priced chips at the opening. Although I thought a lot during this process, I still acted too conservatively in some areas and missed some other opportunities, such as: 1. On the eve of the listing, both yesterday and the day before yesterday, the lowest drop was near the opening price of the contract at that time, which was 6 dollars, anchoring a market value of 3 trillion RMB. The market expectation is to buy at the bottom of 2 trillion yuan, but in reality, the downward space is very limited. Therefore, establishing multiple orders at the 6 yuan level has a high profit and loss ratio, but I hesitated. 2. Just now, I also mentioned the opportunity to seize the opening. At that time, I had been psychologically anchored at 2 trillion yuan before buying, so I didn't wait. In fact, the lowest drop in A-shares to 2.55 trillion yuan is also a good position. It can actually complete the first batch of bottom buying. If there is a big rebound on the first day, then it can be sold out through the contract. If it continues to fall sharply, then it happens to be at my best psychological bottom buying position. The above is my complete thought process, but the opportunity for Changxin Technology is not over yet. Continue to follow Changxin and pay attention to the opportunities in the second half of AI!