Leading players join forces, amateurs set the trap

In the tide of emotions, 90% of the limit-up stocks are carefully crafted “bull traps” set by the main players, specifically designed to harvest the following crowd. They resemble bubbles on the sea, colorful and easily popped. The real leaders are the waves themselves, the “true dragons” pushed out by the collective market force; they do not need to deceive because they are the market’s direction.
Deceptive limit-ups: A solo performance by the main players

Most limit-ups of following stocks and miscellaneous stocks are essentially a “hunting ground of information asymmetry.”

• Bull trapping and unloading: Often, the main players use the morning collective bidding to create illusions (large orders at the limit price from 9:15-9:20) or instantaneously push the limit up during trading; the goal is not to buy but to “draw a picture.” They create strong candlesticks to attract retail investors’ FOMO (fear of missing out) emotions, and once you rush in to take over, they will turn around and dump their shares. This is what is called “deceptive relay.”
• Lack of turnover: These stocks often go up in a straight line or accelerate on low volume. Because there hasn’t been sufficient turnover, the profit-taking hasn’t been cleared; once the market has any slight disturbance, the funds inside will rush to escape, leading to a “heaven and earth board” or a direct nuclear button the next day.
• Victims of emotional retreat: During the retreat period, these stocks fall the fastest. Because the logic supporting their rise is merely “following the trend,” once the leader collapses, they won’t even have a chance to rebound, plunging straight down.
  True leaders: Totems of collective force

True leading stocks have never been completely controlled by a single speculator; they are products of collective market force.

• Born in divergence, accelerated in consensus: The vitality of a leader lies in its “turnover.” It often emerges from market divergences—today it’s weak, tomorrow it turns strong; today there’s great divergence, tomorrow it rebounds. Every divergence is a fierce game between bulls and bears, and every strengthening is a trust vote cast by market funds with real money.
• The “immortal bird” with multiple lives: The leader is a collective force. When the sector retreats, miscellaneous stocks fall to their limits, while leading stocks often withstand divergence and even turn positive against the trend. Why? Because the entire market’s attention is focused on it; it is the carrier of emotions and the benchmark for profit-making effects. As long as there are funds looking to rebound, the first thought is it; as long as there are funds looking to gamble for a breakthrough, it is the only choice. This “consensus of the entire market” is the reason for its multiple lives.
• Liquidity and tolerance: The biggest characteristic of leading stocks is ample liquidity. You can buy when you want and sell when you want. This high liquidity brings high tolerance; even if you buy at a high position, you often have the opportunity to exit safely in the fluctuations, while miscellaneous stocks, once they hit the limit down, are done for.

Resonance

“Only true leading stocks represent the collective effort,” this is not just a technical judgment but a kind of trading belief.

Only pursue the strongest, all others are illusions. Perhaps this is the ultimate mindset of short-term speculation.