Bitget Talks with Trader Shiguang: Finding the Mispricing Between Price and Value
With 7 years of experience in A-shares, having navigated the crypto market and now returning to traditional assets, Shiguang, as a Bitget VIP trader, is devoting more of his attention to US stock futures trading.
Having traversed different markets along the way, he has become increasingly certain that what truly interests him is not chasing the next price wave, but rather identifying the misalignment between price and value.
When the market panics, he instead looks for assets that have been unfairly beaten down; when valuations are excessively high, he is willing to take the other side of the market. But this does not mean he always believes he is right. On the contrary, he always leaves room for his judgments to be falsified.
Daring to go against the trend, but not stubborn. This is our deepest impression of Shiguang.
1. The Market Gives Prices; He Seeks Value
"Buy cheap, sell low" is Shiguang's most direct summary of his trading approach.
Prices can be very low or very high, but what he truly focuses on is: what kind of value does this asset actually correspond to?
In Shiguang's view, market price reflects the collective pricing of an asset by all participants at the moment—it is the market's current consensus. But consensus constantly shifts with sentiment, expectations, and capital flows. It is a description of "now," and does not necessarily represent the asset's true value.
This sense of distance between price and value is a trading intuition Shiguang has developed over years of trading experience.
He won't assume an asset is more valuable just because its price has risen; nor will he believe an asset has become worthless just because its price has fallen. For him, price is first and foremost a market signal, not a trading conclusion. Trading opportunities only begin to emerge when price and value diverge.
As he puts it: "Price tells you how the market is doing right now and what people are thinking, but it doesn't necessarily tell you what it's truly worth."
2. Judge Value First, Then Wait for Price
Once he has formed his own judgment, Shiguang doesn't rush to trade.
For him, "buy cheap" first means waiting for the price to reach a level worth acting on. Therefore, he first forms a judgment about an asset's value, then waits for the market to offer a more suitable price within his entry range to buy in, thereby capturing this "misalignment."
This also means he doesn't need to participate in every price fluctuation. When the price hasn't entered his judgment range, he can continue waiting; when a price opportunity emerges, he executes his judgment.
But such judgments also need to be validated. Shiguang sets clear risk boundaries for his trades. When the overall account loss reaches a stop-loss line of approximately 5%, he will choose to exit rather than continue waiting for the market to return to his expectations.
Form your own judgment first, then wait for price to present an opportunity; when the judgment holds, execute; when it fails, exit.
3. From Macro to Individual Stocks: How to Form Judgments?
So how does a trader determine whether there is actually a misalignment between "price" and "value"?
Shiguang's answer is to examine macro factors, fundamentals, and technicals together.
Macro determines what he looks at. Fed policy, non-farm payrolls, geopolitics, US Treasury yields, crude oil prices... these are not isolated news items to him, but the backdrop for assessing the market environment and capital flows. When factors like interest rates and geopolitics change market risk appetite, he further observes which sectors and assets may be affected.
Fundamentals determine why he trades. If a company's fundamentals haven't significantly deteriorated but its stock price has dropped sharply due to market panic, he will assess whether this decline is a value reassessment or a temporary deviation caused by sentiment. If it's the latter, he will look for whether there are prices depressed by sentiment, thereby capturing this "misalignment." This is also why he is willing to seek opportunities amid panic.
Technicals help him decide when to trade. He mainly observes trends on the 1-hour and daily levels, as well as changes in trading volume. A daily trend forming with accompanying volume expansion is an important signal for him that the trend may continue; while high-level volume expansion that fails to sustain upward movement may also become a basis for his exit.
Shiguang's judgment is a process of layered convergence: macro for the environment, fundamentals for value, technicals for timing.
4. From A-Shares to Crypto, Then to US Stocks: Finding a Trading Environment Better Suited for Judgment
Shiguang's trading path spans several completely different markets. But if we place these experiences back into his trading logic, he has always focused on the assets themselves and the factors that affect asset value.
This also means that external variables such as interest rates, crude oil, geopolitics, and macro policy can all serve as references for judging a company and market trends. Therefore, he needs a platform that can observe information from different assets and different markets together, thereby supporting efficient decision-making.
On Bitget, he mainly trades US stock futures and also captures trading clues through market discovery and trending notifications; 7×24 US stock trading, coverage of 1000+ stocks and ETFs, and a unified account allow multi-asset trading to be completed on the same platform.
For Shiguang, VIP further complements this trading system: from industry updates and strategy content to Level 2 data, it helps him further consolidate scattered multi-asset information into a basis for judging asset value.
5. Beyond Market Consensus, Preserve Your Own Judgment
Having gone through A-shares, crypto, and now US stock futures trading, what Shiguang has always been searching for is that slight misalignment between market price and asset value.
But what truly makes this trading approach work is always maintaining your own judgment, and also setting boundaries for it.
He is willing to seek opportunities when the market panics, and dares to go against market consensus, waiting for misalignment to appear; but when price and facts gradually prove that the original judgment no longer holds, he is equally willing to stop and acknowledge that the original judgment needs to be revised.
Perhaps this is exactly how Shiguang coexists with the market: daring to go against the trend, but not stubborn; sticking to his own judgment, while also respecting the answers the market provides.
The market will always offer new prices, and what Shiguang wants to do is always to preserve a judgment of his own beyond price.
This article is based on an interview with trader Shiguang. The views expressed are solely those of the interviewee and do not constitute any investment advice. Futures trading carries extremely high risk and may result in the total loss of principal. Please make decisions cautiously based on your own risk tolerance.
