Core Viewpoint - The article emphasizes that during short-term market fluctuations, investors should focus on the intrinsic value of their investments rather than reacting impulsively to market volatility [1][2]. Group 1: Market Fluctuations - Recent short-term fluctuations in the A-share market are attributed to a combination of macroeconomic data changes, policy adjustments, and international events [1]. - Short-term market volatility does not equate to a change in the intrinsic value of investment targets, as many quality listed companies maintain solid fundamentals and long-term growth prospects [1][2]. Group 2: Investment Strategy - Investors who hold onto quality blue-chip stocks during market fluctuations tend to benefit, as long as the core competitiveness, profitability, and industry position of these companies remain stable [2]. - The strategy of "holding steady" should be based on thorough research and understanding of the company's fundamentals, allowing investors to maintain confidence during market downturns [2][3]. Group 3: Trading Behavior - Frequent trading in response to market volatility often leads to increased investment risks and potential losses, particularly for those who panic sell during downturns [1][2]. - Dynamic adjustments to holdings are necessary only when there are significant changes in the fundamentals of the stocks held, rather than reacting to short-term market movements [3].

Group 1 - The core viewpoint emphasizes that frequent stock trading during a bull market can lead to reduced investment returns and potential losses, as the market tends to see a general rise in stock prices [1][2] - In a rising market, holding onto well-performing stocks is more beneficial than attempting to time the market through frequent trading, which can lead to emotional decision-making and poor outcomes [2][3] - Investors should focus on long-term holding of quality stocks with stable growth and reasonable valuations, rather than being swayed by short-term market fluctuations [2][3] Group 2 - Frequent trading incurs significant transaction costs, which can exceed 30% of returns if investors trade daily, thereby reducing the probability of making a profit [2] - Long-term holding requires patience and the ability to withstand short-term market volatility, ensuring that the fundamental value of the stocks is realized over time [2][3] - Adjustments to the investment portfolio should be based on thorough research and rational judgment rather than emotional reactions, allowing for a dynamic approach to long-term holding [3]