$TENCENT (00700.HK)$ In the past few years of trading stocks, I've experienced some good profits and recently some significant losses. From a human perspective, all the frustration, fear, and unhappiness actually come from the mismatch between the timeframe of our understanding and the timeframe of our returns. Whether or not it is suitable to invest and whether or not one is smart does not matter as much as it depends on our ability to manage our desires, our patience, and our understanding of delayed gratification.

$E-mini NASDAQ 100 Futures(JUN5) (NQmain.US)$ As the US midterm elections come to a close, the Democratic Party has taken the lead with 50 seats, securing control of the Senate. At the same time, based on the current 'leading' situation, the Republican Party is likely to secure the House but with a lead of within 15 seats. This means a situation of a divided Congress is essentially formed, quite different from the expected 'Red Wave' in the market, where the Republican Party wins big (leading by 30 seats in the House and winning the Senate). The Democratic Party's performance is stronger than expected.
This is the first time the US has allowed 'mail-in voting', and the mailed ballots are heavily tilted towards the Democratic Party, resulting in the swing states like Nevada and Arizona ultimately leaning towards the Democratic Party. If this situation persists, it may lead to a bigger change in the 2024 elections, raising questions on whether the Republican Party led by Trump will come up with more countermeasures?
Regarding the impact on future policies?
1. A divided Congress will bring greater challenges to the Biden administration.
Although some executive orders can take effect directly by the president's signature, when it comes to crucial matters like taxation and debt issuance, they need to go through Congress. The Democratic Party has always implemented more radical fiscal policies by 'raising taxes, supporting anti-monopoly efforts, and increasing government budgets'. When the control of Congress is in the hands of the Republican Party...