Chapter 41: Learning from the Pain

It is normal for stock speculation to be trapped, and of course, it is reasonable and acceptable to lose money by stock speculation. But if you lose money for a long time and don't know how to grow, it will become an event. Because, no one can really afford to lose!

After a year of killing and falling since the high point of 6124, everyone's eyes are green, and they are reflecting on their problems in stock speculation this year.

The first person to send a message to reflect was Liu Pengfei.

"Let's take a look at the policies on the stock market that the state has introduced over the past year or so, and see if you can find some rules?"

After the news was sent, Liu Pengfei sent the policy information related to the stock market for more than a year to the group.

"On November 12, 2007, the central bank raised the reserve requirement ratio for the ninth time this year.

On December 10, 2007, the reserve requirement ratio was raised for the 10th time this year to 14.5%, the highest in more than 20 years.

On December 21, 2007, the central bank raised interest rates for the sixth time this year, lowering the demand deposit rate for the first time in five years.

The reserve ratio was raised by 0.5 percentage points to 15 per cent on 17 January 2008.

On February 26, 2008, a spokesman for the China Securities Regulatory Commission (CSRC) stated that it would strictly review financing applications, and that listed companies should carefully consider the scale and timing of fund-raising and the affordability of investors according to market conditions and their actual needs.

The reserve requirement ratio was raised by 0.5 percentage points on 19 March 2008.

On April 24, 2008, the stamp duty rate on securities transactions was reduced to 1/1000.

On 13 May 2008, the reserve requirement ratio was raised by 0.5 percentage points to 16.5 per cent.

On June 10, 2008, the reserve requirement ratio was raised by 1 percentage point, but the increase was varied.

On July 21, 2008, the heads of relevant departments of the China Securities Regulatory Commission responded to five hot issues in the market.

On August 25, 2008, the relevant person in charge of the China Securities Regulatory Commission stated that he "did not have the slightest intention to let him sell" the big and small non-profits. At the same time, the China Securities Regulatory Commission has introduced four major measures to improve the dividend system.

On September 16, 2008, both the lending rate and the reserve requirement ratio were lowered.

On September 19, 2008, the three major positive news were launched to promote the healthy operation of the stock market. Stamp duty on securities transactions will only be levied on the transferor; the State-owned Assets Supervision and Administration Commission (SASAC) will support central enterprises in increasing their holdings or repurchasing shares of listed companies; and Huijin will independently purchase the shares of the three banks in the secondary market.

On October 6, 2008, the China Securities Regulatory Commission (CSRC) announced that the pilot program for margin financing and securities lending would be launched in the near future.

On October 9, 2008, the People's Bank of China (PBOC) announced that it would cut the interest rate on deposits and loans and the reserve ratio, and temporarily exempt the interest tax. ”

"Is it possible that from the above news changes, you can see that our market has obvious characteristics of a policy market?" Liu Pengfei said in a message.

"Don't say it, Peng Fei, it's really interesting for you to gather this information and study it! It seems that Yang Ma is the invisible hand that guides us to speculate in stocks! After seeing a high of 6,124 points last year, it is basically 12 gold medals, and the cards are chasing after life! No wonder we want to kill and fall. Now, after a year of falling, the bears are shouting that they are going to see a thousand points, and even say that they are going to collapse. There is already a lot of noise in the market. Looking at the past few months, has the policy wind started to warm up again?" Cao Yinqiu said in a message analysis.

"Especially since September, the favorable policies for the stock market have continued! The interest tax has been reduced, and the stamp duty has been reduced, which shows that the policy risk has disappeared!" Zuo Yuliang also sent a message.

"Does that mean that the market has bottomed out?" asked Hu Weiyong in a message.

"At the very least, we can be sure that there will be no large-scale plunge, but it is a long expectation that the stock market will go bullish! Last year's sharp fall wiped out a large number of enthusiastic leeks! Without the enthusiastic entry of retail investors, where would the bull market in the stock market come from?" Chen Menglong also sent a message.

"This kind of tossing, retail investors really can't afford to hurt themselves? Raising sheep and shearing should also keep some on their bodies! This kind of killing and falling is to catch up with the rhythm of extermination! No wonder some scholars say that some people in the stock market are too ugly to eat. Now I can only watch the tourists and predators make up stories every day to make waves. Zuo Yuliang sent a message and said.

"We can't keep up with their rhythm in the short term, don't go to join in the fun, after so many years of stock speculation, we should have a long memory!" Zuo Yuliang continued to send a message.

"You should still follow the policy, or the old saying that Peng Fei said, stock speculation and follow the party, and ensure that you live for a long time. Judging from the current warm winds blowing in the stock market policy, I judge that we can boldly cover the bottom and buy the bottom. Just like when I bought SAIC last year, once I bought it, I was patiently holding shares. Zuo Yuliang continued to send a message and said.

"Thirty yuan of Shanghai cars is overvalued, but five yuan of Shanghai cars should be valuable. In addition, the performance of the SAIC I drive has been good for more than a year, so are you considering buying some more SAIC cars? This is a question that I have been thinking about repeatedly in the past few days. Zuo Yuliang said in a continuous message.

"In the movie, there is a three-entry mountain city, so what does Brother Zuo mean to enter the Shanghai car for the second time?

"Then if we go in again this time, what price will we hold our shares?" Hu Weiyong couldn't wait to ask continuously.

"No one can say this, I have to ask the main force of SAIC. I don't think the main force in Shanghai Automobile will be so godly, right? Could it be that they have all been dumped on the top of the mountain? Moreover, after the share reform, the major shareholders will be able to list and fully circulate after three years of holding shares! The consideration shares they have obtained should not be full of chain periods! If you want to say sad, I think they are the saddest. Zuo Yuliang continued to send a message and analyzed.

"Since Brother Zuo said so, then SAIC is a target, do you have any other goals? Liu Pengfei sent a message and said.

"Brother Zuo, didn't you say that you can observe stocks with large funds to build positions?

"I bought a house last year, and bought a car, and the money from selling shares in my hand is not enough to control, this year just watching Shanghai Automobile fall, even if I find the target, I can't do anything, I don't have much capital! Now, I finally scraped together more than 10,000 yuan, ready to make up for another 2,000 shares of Shanghai Motor, anyway, the current price, I think it is worth buying. Zuo Yuliang sent a message and said.

"Then don't bother with anything else, since SAIC is Brother Zuo's lucky bird, I think we can also buy some dipping, right?" Liu Pengfei said in a message.

"At present, the automobile industry has become the main engine driving the country's economic development, and SAIC is a leading company, so it should be more than that. I feel like our stock market is going to extremes again, either fanatically or excessively inferior. Zuo Yuliang sent a message and said.

"However, judging from my experience in buying stocks and holding shares, we still have to pay attention to the mentality of buying stocks, don't suffer from gains and losses, and it's best not to speculate in the short term, but we can do it appropriately. Zuo Yuliang continued.

Therefore, after discussing the problems exposed in the ups and downs of the stock market for more than a year, we also reflected on the problems that occurred in the operation of buying stocks, and further learned the lessons of frequent stock trading. In this way, they can continue to improve their respective stock speculation levels in the later stock market, and jointly deal with various traps and conspiracies in the stock market.