Chapter 52: The Crazy Bull Market
As long as you are friends who have speculated in stocks for more than 2 years, 9% have the experience of going short. The feeling that makes you pound your chest, sigh, feel tight and regretful. And now the martial heroes feel this way.
Seeing that Pujiang Automobile is reaching a new high every day, Wu Yingying can only look at the plate and be anxious. As for chasing high and buying? Not to mention that he, a person who has always been cautious, does not have the courage, even those investors who have a more unrestrained style of stock speculation may not dare to boldly buy at this moment when the stock price is soaring.
The stock market is actually a mental game. Removing the impact of fundamental value on stock prices, stock speculation is essentially a competition of wealth mentality.
Everyone has psychological weaknesses. When trading stocks, this psychological weakness will be magnified countless times under the influence of wealth effect and then exposed to the public.
Greed, fear, jealousy, arrogance, and low self-esteem will be with most investors almost forever throughout their lives.
Almost all of those who are able to overcome their psychological barriers eventually become masters, but very few are really able to do so.
As the saying goes, you are happy and sad, but if you can really achieve a state of no desire and no desire, how can you come to speculate in stocks?
2006 was a year of great events in the stock market. The reform of equity division has been carried out in depth, the RMB exchange rate has appreciated, and the world's largest IPO Industrial and Commercial Bank of China has been listed in Hong Kong and the mainland at the same time.
And the most exciting event for investors is that on December 14, 2006, the Shanghai Composite Index finally broke through the high of 2,245 points set in 2001 with a mid-yang line of more than 20 points!
I don't know who took the lead, for a while, there was thunderous applause in the trading hall of the business department of Wanyue Road, and those old shareholders who had speculated in stocks for more than 10 years were all excited.
After a lapse of five years, the Shanghai Composite Index finally hit a record high again, opening a new chapter for China's stock market.
The counter of the trading hall was lined up by the new shareholders to open the account as soon as the door opened in the morning, and the novices who were about to enter the stock market felt very inexplicable when they saw the old shareholders in the trading hall crying with excitement.
Many newcomers can't understand the mood of the old shareholders at all, looking at the market that has only risen by more than 1 percentage point, and muttering in their hearts: As for it? Isn't the market up by more than 20 points today, look at these old men and old ladies are excited, I just thought the market was up and down.
They can't understand how exciting it will be for those old investors who have been deeply trapped since 2001 to finally see the hope of unwrapping.
But in fact, it won't take long, and China's stock market has always been bullish and bearish. Most of these new stockholders will definitely taste the top quilt in the end, but it is unknown how many of them will survive until the next spring like these old stockholders present.
In the first half of 2007, China's stock market launched the most magnificent wave, and the Shanghai Composite Index soared from 1,700 points to more than 4,000 points.
With the crazy rise of the stock market, the share price of Pujiang Automobile finally lived up to expectations and rose to 15 yuan. This price has risen twice compared to Sun Haoyang's purchase price.
It's a crazy time. The stock market is crazy, and so are the stockholders. The people with full warehouses are crazy, and the people with empty warehouses are even more crazy!
Even though Sun Haoyang has the experience of the bull market in 2000, he really can't understand it now in the face of such an unreasonable market.
There was once a joke that never reason with an idiot because he will pull your IQ to the same level as him and then beat you with his vast experience.
This phrase is very appropriate in today's stock market.
In this crazy bull market, only the real madman can be fearless and make a lot of money. And ordinary people in their right thinking will definitely step into this crazy market.
What's even more terrifying is that the crazy stock market will eventually drive those ordinary investors who are short-selling, and finally put them on a high hill when they lose their minds and blindly enter the market, and then they should really go crazy.
Sun Haoyang still retains a trace of sanity, so he couldn't accompany the crazy shareholders to the end.
Although the stock price of Pujiang Automobile is still rising, Sun Haoyang finally failed to hold to the end, and after hesitating again and again, he still cleared all his positions at 13 yuan.
The reason why the position is cleared is because the funds in Sun Haoyang's hands have exceeded 1 million!
Just over a year ago, Sun Haoyang only had a pitiful 20,000 yuan on hand. And now he has a huge sum of 1 million in his hands that he never dreamed of before.
After hesitating, Sun Haoyang felt that it was time to put his hands away.
On the one hand, the bull market in 2007 made shareholders make a lot of money, and on the other hand, it also made Sun Haoyang, a staff member in the securities industry, miserable.
Gone are the good days of leaving work at 4 o'clock every day after closing, replaced by mountains of paperwork, sea-like work, and endless overtime.
Every day, Sun Haoyang receives an average of more than 100 new investors. These investors are completely attracted by the money-making effect of this crazy bull market, and their understanding of the basics of stocks can only be described as lacking.
Among these new investors, those who can understand the K-line chart of the stock market are already considered to be at a good level, and if they can know what the order means, they are considered masters, and more people do not even know how to place orders to buy and sell.
This is a pain for Sun Haoyang's staff.
As soon as the market opened every morning, he had to face the never-ending flow of account opening people, guiding them to fill in a thick pile of account opening information, while also being distracted from answering countless basic stock trading questions.
The most terrible thing is that after the stock market closes, Sun Haoyang's work is actually far from over, and he still has to sort out and file a bunch of account opening materials as high as a mountain filled in during the day.
After this busy time, I don't even want to end it at 7 or 8 o'clock every day.
In the evening of that day, Sun Haoyang was burying his head in sorting out the account opening information.
The sun had set, and the stock trading floor, which had been noisy for a day, was finally quiet again.
Sun Haoyang put a sorted account opening information on a pile of document bags as high as a hill and sighed hard.
He glanced at the clock on the wall, the hour hand was already pointing to six o'clock, and it had been two hours of sorting, but the unfinished materials at his hand were still as high as the ones he had finished.
This also means that he may have to work overtime until after 8 o'clock tonight.
"I'm tired! I have to ask Manager Pan to give me a salary increase, this hateful Pan is simply treating women as men and men as animals. Sun Haoyang muttered in his heart, ready to go to the cafeteria to eat something to cushion his stomach first.
At this time, a young woman with an anxious expression hurriedly walked into the trading floor......
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