China's stock market is a magical thing, to be precise, the global stock market is a magical thing, look at the index according to the timeline, stretch it a little longer and you will find that the stock market is all up, but 20 years ago and now the value of the currency is the same? The answer, of course, is no. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

Moreover, when the profits obtained after investing in the stock market are compared with the magnitude of currency depreciation, many people should find a fact that this thing is not profitable.

So to put it nicely, finance does have the function of optimizing the allocation of resources, but its reality determines one thing: ordinary investors are very sensitive.

In China's stock market, which claims that ninety percent of investors are retail investors, market psychology is also a very important thing.

"As long as there are enough sells, they can't win, and the longer it lasts, the more uncomfortable the opponent becomes, and if it reaches a tipping point, and the voice of the regulator comes out, the stock market will not go anywhere." Lei Hao was looking forward to it.

"They don't dare to pull it too high all at once, in that case, it is easier to arouse investors' willingness to make a profit and exit, all in all, in addition to funds, I should slowly get back some advantages and see where I can accumulate."

The things that Lei Hao thought of were things that everyone in the trading department understood, and everyone's eyes were fixed on the data on the screen wall, not looking at the index, but only at the changes in the trading volume.

"It's not enough, the increase is not enough to feed the chickens."

"If it goes on like this, is it another 200 billion energy?"

"No volume, no winning rate."

Yu Rong, Xiang Yongze, and Zhao Lichen almost held their breath, watching the amount of securities lending on their company's account gradually decreasing, watching the market volume languishing, and looking at Lei Hao's cold expression, everyone was waiting silently.

Fortunately, Lei Hao in everyone's eyes is very firm, he stands there like a mountain, steadily suppressing the irritable emotions in the trading department, and everyone has the backbone.

If Lei Hao is not chaotic, the thunder will be stable.

"It's time to come out." After estimating the time, Lei Hao gently spit out a sentence from his mouth, and the faces of the people around him were suddenly stunned.

How can anyone even count this, and when will the funds appear? In what way? How much energy can appear? It's unpredictable, if you can even count that......

These thoughts came to everyone's hearts, but suddenly they saw a scene that made people's hearts beat faster.

Sell orders.

Selling orders are increasing.

First by a small margin, and then, as if there was an agreement, a blowout appeared.

And these selling orders are very thief, and now the index is stopped above 4300 points, and these selling orders are firmly hanging above, not depressing the price at all, as if they are mocking the bulls.

"It's coming!"

"It's really coming!"

There was an exclamation in the trading department.

Although the index has risen by 3 or 4 percent today, if it is suppressed, or even probed back, when the water starts to be released in two days, the impact will be much smaller.

What's more, the Thunder has long shown that the position at the bottom of 3600 points will definitely take over, and the opponent definitely needs to take this into account.

"Stabilized for now!" Lei Hao is also determined.

In this game of market psychology, Lei Hao is almost certain that he can win the first battle, and now there are not enough sellers, but the momentum to slow down the rise of the index and attract profit-taking has emerged, and enough selling orders can have enough influence.

In the industry, many people who are paying attention to this battle are also frozen.

"Steady, 4300 points."

"What about Thunder's position? How much did they sell? ”

"4300 points, this position is higher than the Thunder, or ......"

Some careful thinking is emerging, the Thunder is only 4200 out of selling, and now it is 4300 points, and it looks like there are still a lot of them.

However, if the market does not fall, it will be a miserable loss.

The final wait-and-see time has arrived.

"There is no limit for borrowing and lending." Thunder, the trading department, Zhao Lichen issued a warning, "Now there is no quota for securities lending, and we have almost no chips in our hands." ”

25 billion actual chips, close to 10 billion short selling, the average selling price is above 4200 points, and the average position is lower than 3800 points.

Tens of billions of funds, fast-in and fast-out operations, Lei Hao played a long game for the first time, which is absolutely rare to the extreme in the financial market.

Thunder, Qingyu, Hanlong, Taihe...... A range of Chinese financial institutions are watching the market intently.

"And the last madness, the last suspense of the battle between long and empty."

Whether the bulls break through 4300 points is a very important signal, and even if they don't have the upper limit, it is a pyrrhic victory.

If you can't break through 4300 points, or even be pressed back, it's a fiasco.

If it remains at 4300 points...... No, it's impossible to maintain 4,300 points, and the others haven't absorbed enough chips.

The market is changing rapidly, and the bulls, who were still aggressive a moment ago, suddenly disappeared after a large number of selling orders appeared, with the meaning of admitting defeat.

"Win?" In the trading department of Thunder, everyone looked at each other.

The index quickly fell from 4300 to 4200, and it took almost less than ten minutes for the bulls to rout at hand.

"Out of money?"

"Also, the regulators are absolutely very strict with the monitoring of funds now, and the call rate is so high, they shouldn't have much money, right?"

The acceleration of selling orders seems to be a blowout, and there is even a risk of stampede.

However...... The trading volume is incorrect.

The information that Lei Hao got from the future information is that the trading volume has exceeded 300 billion, and now it is less than 200 billion, and the bulls will have no money?

It doesn't matter where the index will go, but the bulls definitely still have power, and they are looking for a balance.

An equilibrium point where a fall in the index leads to an increase in selling and a fall in the index causes the cost of a counteroffensive to fall.

Maybe at 4200, maybe 4100, maybe 4000, but when the bulls come out again, the index will rush forward and then consume the power of short selling below 4200.

"The other side is also playing with fire." Lei Hao's heart was shocked.

Even if you go back to 4,000 points, it's only 5% from 4,200 to 4,000, and you can indeed absorb 5% more chips with the same amount of money, but if the number of sells increases by more than 5%, you are actually a strategic failure.

Of course, there is another possibility, that is, seeing that the index has fallen, and the buying has increased, and it is also a question of whether people who are optimistic about the future will sell.

This hand was played beautifully, and Lei Hao also had to write a word for service.

It's just that...... Knowing that the opponent's energy is still alive, will Lei Hao let the opponent get his wish?

"If it arrives at 4,000 points, we will rush to make a profit." Suddenly, Lei Hao opened his mouth to Zhao Lichen.

"However, the trading method of China's stock market is T+1, we have just sold our chips, and then we can absorb chips, and we can't sell them on the same day." Zhao Lichen's face turned white.

"Don't be afraid, Xiang Zong, find a brokerage company that is related to capital such as Huijin or SASAC, and tell them to ......" Lei Hao showed a trace of murder on his face and said: "We want to use the T+0 method of margin financing and securities lending to re-enter!" ”

"This ...... It's really doable. ”

In the trading department, everyone was taken aback by Lei Hao's idea.