Is there a significant difference in the operational logic between overseas and local markets for trading?

Many veteran traders have complained that the manipulators in overseas markets at least have some bottom line. Pumping has rhythm, not the crazy mode of washing out the market multiple times in a day, and the trading cycle is relatively regular and predictable. In contrast, in the local market, a rise is a rise, and you simply can't figure out the true intentions of the manipulators.

The most uncomfortable issue is risk tolerance. When opening a position in the local market, no matter how sufficient your margin is, it's useless—you still can't sleep well at night because you don't know when a sudden operation to cut the leeks will occur. What if you're caught? That’s basically a lifetime issue. Although there are risks in overseas markets, at least there’s a chance to turn things around.

Where is the fundamental difference? Overseas markets are subject to regional regulatory constraints, and reckless behavior can lead to legal action. What about local markets? Many times, investors don’t even know where to seek protection. When the manipulators run away, investors just accept it.

For retail investors aiming for value investing, these differences are especially important when choosing a market. Regulatory systems, the credibility of manipulators, liquidity depth—these are the foundations for long-term trading.