It's a moment that tests the faith of stockholders.

$NIO Inc (NIO.US)$
NIO's earnings report is not bad. The reason for the increased losses compared to the previous period is due to investment in research and development. This is a good thing. Ask yourself, how long did Tesla lose money? How much government subsidies did it burn through in the USA? Without past research and development investment, there would be no leading position today. This is the necessary evil of a growth company, which actually gives me more confidence in NIO. These losses are bearish in the short term, but bullish in the long term. It depends on the type of investor you are. This is also a moment to test whether you are a long-term investor.

The recent decline is primarily due to the stock market rising too much since last year. Growth stocks were rising easily without much thought. What goes up must come down. Whether the market is worried about overheating inflation or the government's comprehensive bullish policies, the main reason is the previous excessive rise. Stocks with high PE ratios, which are growth stocks, need to be corrected. So, not only NIO, but the average growth stocks have dropped by more than 20 percent. It's a time for everyone to reconsider their investment portfolio. This is also a moment to test the faith of stockholders. You need to ask yourself if you can still sleep soundly and believe tomorrow will be better if the stock price drops by half, then you can hold. If you only want a quick profit, then you should consider cashing out.

My cost is still at 56, for long-term holding, making mental preparations, and waiting for the opportunity to increase holdings.