The non-farm payroll data arrived as scheduled.

The data exceeded expectations, with an increase of +172K in non-farm payrolls.

Since my portfolio is mainly in Tesla, NVIDIA, and 2x long SK Hynix, leaning more towards high-valuation growth stocks and semiconductor/AI themes, today's data precisely hit these two themes.

The net effect is negative: strong data = interest rates staying higher for longer = my holdings (high valuation + leverage) face simultaneous pressure.

I took a look; I had set up some defensive stocks, but the positions were relatively light, so they didn't provide much protection. The account's risk becomes exposed under such data shocks.

There's no standard operating manual for financial markets. It can only teach us how to manage risk, how to engage in psychological games, learn some capital tactics, analyze historical cases. Whether we ultimately achieve results depends entirely on individual fortune.

Sometimes, losing less is more important than making more.

In the next cycle, after the dust settles on SpaceX's IPO and SK Hynix starts rising again, I need to review my account once more, re-plan, and achieve a balance between offense and defense.