Hard lesson learned as market continues to rise

Wang Cheng, a 26-year-old in Beijing who has invested in stocks for four years, says he has learned a lesson amid a rising market.

He saw a 100 percent return from the start of 2013 to the end of March this year, but has not made any money since the Chinese A-share market started to thrive.

In May, he put all the money he could afford to invest in Shanghai-listed Yonyou Software Co after careful study, buying at the low price of about 12 yuan ($1.95) per share.