Today, the A-share market opened higher, which is clearly due to the positive stimulus of the news about the suspension of the securities lending and borrowing (SLB) yesterday. Online, I saw many bloggers saying "the securities lending and borrowing is temporarily suspended," implying that the good news is not significant. These bloggers are probably newcomers to the investment industry. They have not experienced many "suspensions," and they do not understand that "suspension" in the A-share market is a very serious term.

The accurate translation of "suspension" in the A-share market is "stopped now, and there is no study on when to resume it." I have been in the stock market for nearly thirty years, and I have found that many "suspensions" have lasted for several years or may be permanent.

For example, on January 7, 2016, the China Securities Regulatory Commission (CSRC) announced the suspension of the index circuit breaker mechanism starting from January 8. The CSRC used the term "suspension" in its statement, which specifically stated: "To maintain market stability, the CSRC has decided to suspend the circuit breaker mechanism." This suspension of the circuit breaker mechanism has lasted for eight years and has not been resumed to this day. Moreover, it may be permanently "suspended" in the future.

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Therefore, the suspension of securities lending and borrowing is not a small good news; it may be suspended for a long time. As long as the stock market is sluggish, it will continue to be suspended, and even if the market is hot in the future, it may not be resumed. So everyone must not misunderstand the "suspension" in the A-share market. In my impression and memory, most of the "suspensions" have been suspended for a long time.

Today's market is obviously a rebound from an oversold situation, with obvious signs of new funds entering the market. The sectors that have risen recently are those that have been oversold. For example, photovoltaics, medical care, liquor, lithium batteries, etc., these oversold sectors have seen a large influx of funds today, leading to a significant increase in the A-share index and a medium-long line.

But I have no feeling for today's market rise. Because I have already passed the stage of being happy because of the market rise and being depressed because of the market fall. When I was young, if the stocks in my hand rose by 10 percentage points, I would be very excited. If the stocks in my hand rose by 30 points, I would definitely cheer and jump, and then immediately clear the position.

I remember once, I held a stock for more than a month and doubled. I was so eager that I sold it blindly at the opening. Then, I started to imagine the scene of my stocks doubling countless times in the future.

Now, I have experienced too much in the stock market, and I have no feeling for ordinary market fluctuations. A profit of 70 to 80 percentage points on the account will not surprise me. A profit of 70 to 80 percentage points will not make me feel lost. Only a profit of doubling can make me feel a little bit of joy.

This is like a veteran driver who has been driving for decades and has no great interest in driving. Only those who have just learned to drive will feel excited and stimulated when driving. So, today's big rise in the market cannot arouse my interest.

Even if there is a big rise today, it may fall back tomorrow. Even if today and tomorrow are both big rises, the market may adjust next week. Even if the market has been rising all month, it may fall sharply next month or the month after. Even if the market has a big rise this year, it may have a deep adjustment in the next year or the year after.So, what is there to be happy about when facing a temporary market uptick? The stock market fluctuates like the weather, with its ups and downs, and if our mood follows the market's rise and fall every day, wouldn't we become "enslaved by material things"? Then we wouldn't be playing with stocks, but rather being played by them.

Every fluctuation in the stock market is a collective release of market sentiment, and as investors, we should learn to remain calm and rational amidst these fluctuations. Just as today's sharp rise in the A-share market has brought temporary joy, as experienced investors, we should see the deeper implications behind it and the potential long-term, complex changes in the future.

Only with a long-term perspective and patience can we not be swayed by short-term gains and losses. Maintain rationality, adhere to principles, and make investment a wise practice, not a slave to emotions. In this way, no matter how the market changes, we can adapt to all changes with constancy and watch the stock market's ups and downs with a smile.