$BABA-W(09988.HK) Let me share some scar literature: Why did I buy Alibaba at 116?

1. After the September policy changes, its rise wasn't as scary as other companies - it didn't skyrocket on the day of the announcement. It still seemed relatively normal.

2. I like Alipay's UI - it doesn't have as many annoying pop-ups as other domestic apps, and the interface is relatively cleaner.

3. Sometimes during evening rush hour when passing by Alibaba, you can see many young, attractive, and high-earning employees streaming out. It's a company I'd like to work for but don't have the ability to join, so holding some of its stock is my way of coping.

Then, this mix of three emotions made me buy at the peak.

Anyway, although I lost money, I satisfied my emotions.