Chapter 89, fear of the stock market

Zuo Yuliang often sees a saying in some stock review articles, always educating shareholders to be in awe of the stock market and the market. But after thinking about it, Zuo Yuliang couldn't answer what he should be in awe of the stock market, which is a market that people both hate and love, and how should he be in awe? Everyone says that we should be in awe of the market, but how to be in awe of the market, and what should we be in awe of the market? It seems that no one can explain clearly.

It seems that most people are talking about fearing the market, but in fact, they are in the same cloud, and perhaps even the people who say this don't know what to fear the market, or how to fear the market. But this question caused Zuo Yuliang to think deeply. Yes, this fear of the market, what should we fear the market?

It has been more than 20 years since the opening of the stock market, and it is not a big deal, but after all, it has gone through more than 20 unforgettable years when it is young. Although there were stumbles and problems during the period, in the end, the stock market was maintained by the efforts of all parties, and the road was opened up in the mountains and in the face of difficulties. Moreover, the current stock market has the meaning of prosperity, Zuo Yuliang and other ordinary stockholders, obviously as long as they follow the flow of the stock market, follow the development of the right, what else is there to be in awe?

As far as the participating groups of the stock market are concerned, they can be roughly divided into three levels: one is the supervision and management level, the other is the enterprises that issue shares, and the other is the large and small investor groups involved in stock trading, including institutions, large investors and various retail investors.

When Zuo Yuliang listed these three stock market participants one by one, his heart suddenly became clear, and it turned out that different participants in the market have different connotations of awe of the stock market. So, according to his understanding and the results of his search, Zuo Yuliang made an orderly arrangement of all aspects of his heart for the stock market. to solve the problems he needs to pay attention to in stock trading.

As far as the management is concerned, Zuo Yuliang knows that his level of knowledge is limited, so he mainly understands what their awe is from the remarks of the market managers who distribute online. To that end, he excerpted a market executive's view of the fear of the stock market. The management person said in his speech, "Respecting the market and revering the market is to keep in mind that the stock market is risky, do what we can, and do not be misled by the remarks of selling houses and speculating in stocks in the market, borrowing money to speculate in stocks, and not blindly following the trend and speculation." Listed companies should strictly fulfill their information disclosure obligations in accordance with the law to ensure that information disclosure is true, accurate, complete and timely. Securities and futures operating institutions should operate in accordance with laws and regulations, and do a good job in investor education and protection of rights and interests. Stock exchanges should strengthen the supervision of market information disclosure and trading to ensure the safe operation of the market. The stable and healthy operation of the stock market requires all parties in the market to jointly build, maintain and cherish together. It is hoped that the media will report rigorously and objectively, and research institutions will release objective and fair research reports in accordance with the law, so as to reasonably guide investors' expectations. It is hoped that the majority of investors, especially small and medium-sized investors who have just entered the market, will invest rationally. ”

From the content of the above speech, Zuo Yuliang came to the conclusion that as a management person, the so-called reverence for the market means to scientifically and rationally arrange the implementation of various rules and regulations, develop the stock market with Chinese characteristics in accordance with local conditions, and make every effort to maintain the stable, safe, and healthy development of the market. Being able to do this, Zuo Yuliang feels that this is a daunting path, and it will not be easy for the management.

Of course, through the speeches of the leaders above, Zuo Yuliang also found that for enterprises, it is also necessary to be in awe of the market. According to Zuo Yuliang's understanding, enterprises should be in awe of the market, mainly to do a good job in these aspects. One is to provide excellent listed companies, enterprises to operate legally, to be honest. We should not only know how to make money through financing but do not know how to return to the majority of shareholders, let alone collude with institutional investors to sit in the bank together and harm the majority of ordinary shareholders and investors. Enterprises should be in awe of the market, that is, to be a conscientious enterprise, and not to be shady at every turn, selling dog meat on the head of a sheep, and doing something that does not see the sun. For such listed companies, Zuo Yuliang thinks that the exit mechanism should be implemented, and once there is illegal and malicious operation, it is necessary to have a one-vote veto system.

The third thing that needs to be feared by the market is the various investors in the market. There are large institutions, large tour capital, retail investors, and foreign-funded institutions that are eyeing each other. In Zuo Yuliang's view, for large institutions, they are in awe of the market, and they should become leaders who can bring stable investment ideas to the market and lead the right investment direction. Rather than saying to the society, a large institution is a big retail investor at best. It's nothing more than buying this today and selling that tomorrow. Therefore, in Zuo Yuliang's mind, the content of big institutions in awe of the market should be investing in the stock market, not speculating in the stock market. It should be the defender of the rules and regulations of the stock market, not the destroyer.

For large investors and some big investors, Zuo Yuliang has the impression that these funds have always been Nezha in the market, and what they have always pursued is that classic: I am Nezha, who am I afraid of, and my life is up to me! It seems that this kind of capital has never thought of the word awe in the market, and some are just speculation and drying. As long as it is a means that can set off a hype boom, it will be used to the extreme. What spreads gossip, what carefully designs rat barns, what maliciously sits on the bank, and so on, it is simply the evil dragon that overturns the river and the sea. Therefore, for this kind of funds in the market, Zuo Yuliang feels that these funds are in awe of money, in addition to himself. Not to mention the pitfalls, the retail investors are crooked, and the stock market is speculated to a miasma. It is really an investment group that should be focused on rectification.

The last type of investor is the large number of retail investors. As this group, Zuo Yuliang loves and hates at the same time. There is a saying that mourning his misfortune and being angry is his most intuitive understanding of retail investors.

When it comes to retail investors, it can be said that there is no discipline at all, and they don't know what it means to be in awe of the market. It has always been my world, I am in charge, I can buy when I want, and I can sell when I want. It doesn't matter if you are a high-performing stock or a low-performing stock, as long as you can get a good stock, it is a good stock. Therefore, Zuo Yuliang especially wants to say to the majority of retail investors: as a vulnerable group, we must be more in awe of the market.

Even Guo Degang, a master of cross talk, has to be in awe of his own food and clothing, and try his best to protect the vital interests and feelings of cross talk lovers. As a retail investor in the market, if you want to earn food and clothing from the market, you should be more in awe of the stock market.

At the very least, you should be in awe of the trend! Originally, it was a killing market, and you couldn't hide from it, but you had to buy it out of the bank, and you never believed that you would be the unlucky one. Originally, it was supposed to be a light position to try, but I wanted to buy it all, I don't believe that I can't win this time, but the market just doesn't let you win, and it's strange if you don't lose, until you die.

We should also be in awe of the risks of the stock market, right? We should be more or less aware of risks, right? But no, new shareholders often laugh at old investors for being timid, and the more they rise, the more afraid they become, and the more they speculate in stocks, the more unprofitable they become. So, with his youth and vigor, chasing the rise and falling, and having the courage of the overlord to fight in all directions, he unexpectedly turned down a circle, but also had a white beard, knocked out his teeth, and in the end he also suffered a lot of losses, and the result was also classified into the ranks of the old shareholders who were timid and afraid. In fact, these are all the faults caused by not knowing the risk of the stock market!

Therefore, Zuo Yuliang thought about it, as the largest group of retail investors in the stock market, he should be in awe of the stock market. We must be in awe of the trend of the market and not go against the trend; we must be in awe of the risks of the market, and we must not just chase the poor by being alone, but must know how to advance and retreat; we must be in awe of the rules of the stock market, establish the concept of value investment, patiently hold high-quality stocks, and wait for the spring flowers to bloom; we must be in awe of the belief in our hearts, making money in the stock market is not a big thing, and we must have a patient shareholding investment philosophy.

After Zuo Yuliang figured out these truths, he suddenly felt relieved in his heart, only when he knows how to respect the market in stock speculation, he will really open the door of Alibaba, and stock speculation will bloom like sesame seeds, and it will be higher and higher!

In order to let a few good friends in the group also be inspired, Zuo Yuliang also exchanged his ideas with several stockholders in the group.

"Recently, I have been thinking about a problem, we have been buying stocks for a long time, but in fact, we don't know how to fear the market!" Zuo Yuliang said in a message.

"Brother Zuo, what are you going to do here? Looking at the accelerated rise of Wuliangye in the past few days, my regretful intestines are going to be green. Hu Weiyong sighed in a message.

"Wei Yong, do you know what the reason for your loss?" Zuo Yuliang said in a message.

"It's bad luck to buy the wrong stock!" Hu Weiyong said in a message.

"You're wrong, Wei Yong, are you losing in the boldness? In other words, to put it more fashionably, you lose in the market that you don't know how to fear. Zuo Yuliang is now speculating and selling, and said what he thought of in the past few days.

"You buy a stock when you shouldn't because you think you're always lucky, you sell it when you shouldn't because you think the next stock will be better, and you relent when it's time to cut the meat because you always feel like a miracle is going to happen. All this shows that you don't see the evolution of the stock price trend, you don't see that a person's good luck is only temporary, and you don't think that stock trading is risky. It wasn't until you lost money that you realized that you had been bold. It is very dangerous to speculate on stocks without the idea of fearing market risks!" Zuo Yuliang said in a message.

"Brother Zuo has a point, and I also have this problem. Du Wenfeng sent a message and said.

"But I know that the stock price is going to fall, but I often fantasize about what if it is a strong stock that rises against the trend?" Hu Weiyong explained in a message.

"We all say we have to go with the flow, but it's really hard to put it into practice. Sometimes it's just not possible. Cao Yinqiu sent a message and said.

"Actually, I think we should be in awe of the market, and we mainly need to be in awe of the risk of the market falling, and there is no need to be in awe when the stock market rises. Liu Pengfei sent a message and said.

Liu Pengfei's idea is still fresh, so you might as well expand it. Zuo Yuliang sent a message and said.

"If you lose money, you will be afraid of the loss, and you will be in awe! If you have risen and made money, it is too late to be happy, what is there to be in awe?" Hu Weiyong said in a hurry.

"What Hu Weiyong said makes sense, and I think so too. Hahaha. Liu Pengfei sent a message and said.

"Actually, I think we have to be in awe of both ups and downs, and we have to think about the mechanism. If the stock market rises, it means that we have seen the right direction and found the right way of thinking about stock speculation, so we must obey the law; if the stock market falls and we lose money, it means that we have made a mistake in judgment, and this will be a lesson in the future, and we must respect the law of stock price evolution. Zuo Yuliang sent a message and said.

"It seems that Liu Pengfei has also improved with Brother Zuo and has become our second theorist here. Hehehe. Li Ruyun sent a message and said.

"You still have to think hard, right? No wonder Liu Pengfei can make money with Brother Zuo? Because they do have ideas, and a few of us really have to be motivated. Du Wenfeng sent a message and said.

"I mean everyone should be in awe of the risks of the market, don't speculate, you must know that going against the trend will be a waste of time after all!" Zuo Yuliang sent a message and continued.

"It seems that stock trading is really a science! And it is also a profound science!" Du Wenfeng said in a message.

Zuo Yuliang knew that even if he broke his mouth, those who could understand his mind would understand, and those who could not understand his mind would be in vain. The best way to speculate in stocks is a question they often ask: "Brother Zuo, are there any big bull stocks, introduce one!"

You say, what should they do in the future?