Beijing Business Daily: Holding stocks for the medium to long term is the foundation for doubling profits.

A-shares will soon celebrate the first anniversary of the "924 market". Data shows that in the past year, over a thousand stocks have doubled in value. A one-year return rate exceeding 100% is a height that the vast majority of investors cannot reach. Anyone can buy good stocks, but in order to achieve doubled returns, the basic prerequisite is to hold onto the stocks for the medium to long term. Many investors have experienced buying hot stocks, but most end up with small profits or small losses when they exit, and very few truly dance with the bulls. The main reason for this is the lack of patience and confidence in holding stocks, being too concerned about short-term fluctuations, and not being able to hold onto stocks for the medium to long term. Holding onto stocks for the medium to long term often goes hand in hand with value investing. True value investors seek to buy when the price is below the value, and sell when the price is far above the value, not being fixated on whether they are profitable or losing. If an investor buys a stock and the price rises but is still below its intrinsic value, then the investor can continue to hold the stock, which is still considered value investing. On the other hand, if the stock price adjusts after the investor buys it, and the company's performance declines, and the fundamentals change, then the intrinsic value of the company is lower than the stock price, the investor should sell the stock to stop the loss, which still belongs to value investing.