July 2, 2015

Difficult choices, self-transformation

The Shanghai Composite fell 149.93, down 3.48%; Chongbai fell 7.63%, down 2.29 yuan per share.

In the face of the stock market crash, you can't get out of it!

I haven't encountered it before, and I thought it would be enough to encounter a rooster crow in the middle of the night, but I didn't expect to encounter a collapse in June The stock market crash was like a huge wave, overwhelming.

To tell the truth, today my mood is extremely entangled and shaken, the stock market is facing all kinds of benefits, but extremely numb, many parties have no power to fight back, losing and retreating, big money to pull PetroChina to the limit, the market is still down 100 points, which shows the power of shorting.

Faced with this situation, I was extremely entangled in my heart, entrusted several times, tried to close the position, and then held back, and I remembered the scene of 530 several times in my mind.

Now, I'm sitting in front of my computer and thinking about what I'm going to do.

One option is to close the position, if the position is closed, I still have a little profit this year, in fact, I earn more and earn less, not to mention that I am not a professional stockholder, just pick it up on the side of the road is not very good!

The other option is to hold on, which may lead to the last bit of profit likely to be lost, which reminds me of those years, the days of torment in the long bear market! I really don't want to go back to the long years of darkness and longing for relief. I don't see this kind of self-paralysis, utter despair, and loss of confidence for a moment.

Has the confidence that has been built up over the years, and the so-called trading system and profit system that has been established, completely destroyed in this stock market crash?

Calm down, I will sort out my mental journey, this stock market crash, the first time I met in my life. Like great management, there is no experience in coping.

On June 10th, I felt the existence of risks, and I had the idea of retiring, hoping to make the last order on Chongbai and end my 2015 stock trading career. So I registered a small stock deal, with a summary of the post, all the posts, full of concerns about the current stock market.

On June 11, the position reduction was implemented at the time of the heavy 100 price limit, locking in profits, and coping with possible adjustments and shuffles. After a few years of ink, the first limit did not show the spirit of an overlord at all, and I don't believe that it would fall without rising, let alone in a bull market. Based on this judgment, although the position is reduced, it is still optimistic.

On June 13th, I wrote in the post ""China's magic car" punches Siemens and steps on the Boeing plane" and today I saw "8 college entrance examination candidates bring 100,000 into the stock market after the exam: I plan to earn a million a year" I was deeply shocked, and I strongly felt that the current stock market, hovering around a big top, although I don't know how to interpret the fall, is it like the second half of 07 to only earn the index and not make money or to end in the way of betting on crazy speculation in new stocks, but, this round of feast, it's time for the end of the song to disperse.

This time, I judged the top of the stock market and elaborated on the shoeshine boy theory in this post. At this time, I had a strong premonition of the top. I cleared Wanjiale and Aishida, which were rising rapidly at that time, and reaped the profits, and originally used these funds to make new ones. But with the sharp decline of Chongbai, I think the adjustment of Chongbai is in place, which is a trick I have tried and tested repeatedly in the bull market, looking at the stock, reversing the bottom, and striving to maximize profits. There are three prerequisites for reverse dipping, the first premise is that the stock market is still in a bull market, and the second premise is that individual stocks are still in a bullish market, which is the criterion I adhere to. The third premise is to hit my position and buy the bottom. I think Chongbai is still in the bullish market, and all three prerequisites are met.

So I did a reverse operation on June 15 and made a t+0, and I was complacent.

On June 17, in the huge earthquake of individual stocks, the reverse operation again, there is a small harvest, a long root to probe the bottom, this time is to buy the bottom on the long-term position, since last year, this method has been successful repeatedly, is very confident. I thought I was waiting for the harvest season soon.

The subsequent decline made me less aware of the risks, and I thought that the normal adjustment of 10% in the stock market was the limit, and there were a lot of profits on the heavy hundred, which would not hurt me.

As a result, the consequences were unimaginable, and the stock market evolved into a stock market crash step by step, because of the large amount of follow-up funds, diluted the profits, and when there was a loss on June 26, I did not implement my final discipline, and the loss was turned out of the game, because for me, the paper loss would cause me to be indecisive and misjudged.

In the following days, the news picked up, and I always believed that the management had the ability to reverse the stock market, but it was clear that the management made another mistake and overestimated the ability of the management, especially the management did not stand up at the key point and take decisive measures, resulting in the stock market developing into a stock market crash step by step. Including the current situation, we should decisively suspend or reduce the issuance of shares, but unfortunately, the management is still tight-lipped and eager to issue shares, which is also one of the reasons why the stock market does not buy it.

Obviously, there are big loopholes in my trading system, although I have done discipline in risk control, but I have not done enough to force liquidate positions at critical times, and I have shown indecision, resulting in mistakes and mistakes, and there is no plan to deal with extreme situations.

I'm still in a calm mood now, and I'm very grateful that the stock market has allowed me to grow, made me recognize many things, and made me more cold-blooded. Thanks to the stock market for reminding me once again to keep pace with the times and improve my trading system, after I buy any stocks in the future, I must first ask myself: what should you do if you encounter a stock market crash in June?

Probably, in the stock market, I won't believe it anymore in the future.

In the past, I always believed that there is an Almighty God in the stock market. After that, I became a faithless person, wandering like a walking dead in the stock market, chasing only profits. Then use this pitiful profit to buy a watermelon for my family, cut it, and share it! In the future, in the stock market, I may look at everyone who tries to convince me that there is a god in the stock market.

In this extremely panicked market, maybe my little stock can not smash a few orders, and it can't add much horror, but in the stock market, although I am a drop of water, it is the Chinese stock market that holds up the Chinese stock market and completes the important task of extricating state-owned enterprises from worries and difficulties.

Generations of retail investors have cut back on food and clothing, are reluctant to eat, wear, buy cars, and invest their money in the stock market, and generation after generation of retail investors have been devastated and fallen.

Look at those big investors who took the money of retail investors, settled abroad, bought luxury goods, drove luxury cars, scolded retail investors for being stupid, and shorted the stock market in turn, causing retail investors to suffer huge disasters, may I ask, why are retail investors always injured? has been reminding retail investors to pay attention to risks, and who is luring retail investors to risk their lives?

My operation in the future market is to be ready to close the position at any time, and then buy again, I can't allow a green one on the account, I judge that Chongbai is currently a big bottom, and Chongbai will continue to do.

Writing this, I threw away all my mental baggage, got back on the road, and went to the door as if I had earned all the money I had earned before.

All you have to do now is keep your money and keep fighting.

Cautiously optimistic about the rebound of the market, but can no longer be treated as a bull market as an over-falling rebound, must not be a dead long, can make money and go, even if the future turns bull, it is also a cow in bear skin, once the mouth is opened, it is a bloody mouth, have to be guarded against.

(This is a wrinkled face, sitting under the dim electric light, the thoughts of an old stockholder, I think the heavy hundred is the big bottom, the reason why it is thrown first, is not to let yourself be trapped in the calculation of profit gains and losses, so as to interfere with calm judgment, I will always do this stock, I hope good friends will not be disturbed by my chattering words.) Millions, millions! ）