Chapter 233 Short positions are also an operation

This weekend, Tao Xia was like a celestial guest outside the sky, suddenly appeared in front of Ding Xu, and suddenly disappeared.

The school meeting was one, and the aerobics dance in Xiangzhou Square was another, and there was no news from Tao Xia after that.

On Friday night, Ding Xu suddenly came to Shixing after he was drunk, thinking about the three seconds with Tao Xia, he wrote a more popular love poem in the homework book, and the next morning he hurriedly tore it off and put it in his pocket, and quietly stuffed it to Tao Xia while he was finishing aerobics.

What made Ding Xu a little apprehensive was that after Tao Xia received the love poem, he didn't reply to Ding Xu with a word. Ding Xu has to check his phone almost every hour, but there have been no new text messages. Tao Xia is like the world is steamed.

Of course, Ding Xu also knows the key point, after all, Huairen City is Tao Mingyuan's territory, if Tao Xia contacts him, it is likely to be revealed by Tao Mingyuan.

In a flash, the weekend passed, and it was Monday, December 29, the penultimate trading day of 2oo8.

Seeing that he was about to open the market, Ding Xu picked up his thoughts about Tao Xia, stabilized his feelings, and began to summarize the news of the weekend in the miracle group-

"Up to now, more than 55o listed companies in the two cities have made O8 annual report forecasts, and only 223 companies have clearly predicted the growth of O8 annual performance, accounting for 40% of the total. The number of companies with forecasted losses and declining performance reached 242, accounting for more than 44%, which is much higher than last year. ”

"Forecasts from institutions show that based on the performance growth in the first three quarters of this year, the annual performance growth of listed companies in O8 will still exceed 3O, but it will slow down significantly next year. Profit for all A-shares increased by -6.o5%. Against the backdrop of a significant slowdown in overall performance. The overall earnings of listed companies are facing a revaluation. Industries with relatively certain future growth and high-quality companies in them may gain stable income as a defensive allocation. ”

"Miracle, you wait first!" Hearing this, Jiangchuan Yuhuo asked a little unpleasantly, "Prediction from the agency?" What an institution! Isn't this talking nonsense with your eyes open? In this year's global financial crisis, our listed companies are expected to have a 3o% increase in annual performance, which is already very good. Now the whole world is working hard, and governments are taking action to control the spread of the financial crisis. And has achieved some results, the domestic economy also has the momentum of recovery, how can these institutions still predict so outrageous, indicating that next year's profit growth or -6.o5%! Or? Me or his sister! ”

Ding Xu couldn't help laughing: "Yes, the media only vaguely said the word institution, and didn't mention which institution it was. I also think that the economy will not be so bad next year, otherwise this wave of small bull market will lose the basis for saving! ”

"That's it!" Sweet Orange agreed, "These so-called analysts. Just love! ”

Ding Xu nodded and said, "But everyone should be careful. Recently, the stocks reduced by listed companies are much larger than the stocks that have been increased, indicating that some listed companies are still not optimistic about the market outlook, and last week's continuous sharp fall and negative decline, and the trading volume continued to shrink, which also shows that large funds still feel that now is not the time to enter the market. ”

The weekend's numbers show that M1 hit another all-time low in November.

Although the central bank has released liquidity many times and provided more abundant funds to the capital market, the stock market is not doing well, the money-making effect is not obvious, and shareholders are generally worried about the pressure of lifting the ban, so the willingness of new funds to enter the market is not resolute recently.

At the same time, after the recent continuous interest rate cuts, major banks have also begun to adjust the direction of loans, and the control has become stricter, so although the interest rate has been cut, the funds in circulation are less, which also determines that the short-term capital of the market is not abundant.

With the recent decline in stock indexes, some executives of listed companies have begun to reduce their holdings in large quantities. For example, seven. A senior executive of Xi Holdings sold all the millions of shares he held in one day, leaving no shares. Another example is Xinjia. In less than a month after the listing of the restricted shares, Lian concentrated on selling millions of chips and cashed out nearly 250,000 yuan from the secondary market.

In contrast, shareholders or companies are much more cautious in increasing their holdings. For example, in December, only 2O listed companies issued announcements to increase their holdings, which was less than half of the number of companies that reduced their holdings, and most of them had limited holdings.

Cautious in increasing holdings and resolute in reducing holdings, which gives shareholders a very bad association.

"Last week, the Shanghai Composite Index market came to a five-day negative row. Monday's decline tested the resistance of various moving averages, and on Tuesday, a long yin fell below all short- and medium-term moving averages, trapping many investors and completely opening up the downside. The gap opened lower on Wednesday, once again trapping Tuesday's bottom-takers and short-term customers, and continued to decline on Thursday and Friday, starting to adjust downward. ”

Ding Xu continued to analyze, "There are still three last three trading days this year, and I feel that these three days are more dangerous, because the year 2oo8 is coming to an end, and protecting the safety of funds is the first priority. Let's watch more and move less, at the end of the year, it's time for us to take a break, continue to empty positions, and wait patiently for opportunities. ”

Ding Xu was about to speak, and the river boat fishing fire interrupted him again: "Miracle, what you say is always justified." But have you thought about it, now that the market has fallen so much, it is the deep winter season, approaching spring, and it is also an opportunity for our retail investors to enter the market to buy the bottom, spring ploughing and autumn harvest, aren't you afraid of stepping short? Do you know what it's like to step into the air? ”

"The market is about to fall in place, the Shenzhen Component Index is already in place, the Shanghai Index is still a little worse, and the Baotou Steel rare earth I want to buy the bottom has not yet fallen to my psychological price, I want to wait." Ding Xu was stunned and replied, "I know, it's very uncomfortable to step into the air, watching others make money, and my heart is like an ant catching it." However, the loss of short-selling is only the expected profit, and if it falls after buying and is trapped, the loss is the real book profit, isn't this taste more uncomfortable? ”

Ding Xu knew that Jiangchuan Yuhuo had worked in a bank, had a lot of experience in investing in financial products, and was also very assertive, so he firmly believed that Baotou Iron and Steel Rare Earth had a bright future, and there was no need to do T now. There has been no reduction in positions.

"You're wrong. Stepping into the air is far more uncomfortable than being trapped! Jiangchuan Yuhuo sighed. Said.

"Why?" Ding Xu was a little puzzled.

"First of all, there is no faith in shorting. A stock, you go long, it may rise two times, or even ten times in a bull market. And even if a stock has a short-selling mechanism in foreign countries, it will have a profit of up to 9o% if it falls from ten yuan to one, and it is impossible to lose its market value. There can be no doubling of profits. Therefore, if you are short at a low level, your heart is empty, and once the market and individual stocks rise wildly, you will go short, you can't get into the car, and you can only watch others make money. ”

Jiangchuan Yuhuo explained, "And if it falls after buying, as long as it is bought at a low level, most of it is a gold set." Even if it's short-term trapped. But there are still stocks in hand, and there is still hope of making money. So my heart is steady, as long as I hold on to it. But stepping into the air is different, it is to let the opportunity to make money slip out of the hand, this feeling can make people regret it, regret crazy. ”

"Brother Yuhuo, you're just in an ideal state. In fact, the majority of the cases of buying and falling, many retail investors can't hold the stock at all, and it won't take long for them to stay up with the market maker's washing, and they will doubt whether their decision is correct, so as to cut the meat to exchange for other stocks. Qi Fei, who had not spoken, interjected, "In fact, this is the biggest weakness of retail investors, they can never hold cash in their hands, otherwise they will never dare to empty their positions like grass growing in their hearts!" In fact, short positions are also an operation! ”

"Short positions are also an operation?" Jiangchuan Yuhuo repeated with some confusion.

"Of course, in an uptrend buying, holding, this is a money-making operation. When the downward trend and the upward and downward trend are uncertain, clear the position, short the position, in order to protect the safety of funds, and then enter after the upward trend is re-established, which is also a money-making operation, not to lose is to earn! In this way, even if you go short in the short term, chase up again, and lose a few points of profit, it is equivalent to buying insurance for your car, although it costs a little, but it is necessary and worth it! Qi Fei explained.

"Yes, I also think that the most important thing in the stock market is the opportunity to make money, as long as the principal is there, there will always be endless money. Where there is life, there is hope. Ding Xu echoed, "If it's empty now, just correct it." Don't mind too much, after all, we are not stock gods, we can all make mistakes, as long as we correct them in time. For example, I think it will go down in the next three days, but if the market reverses, I have to change my strategy and follow up in time. ”

"That's right, the market is always right, and we, as investors, have to accept it, and there is no room for bargaining. If there is a problem in judgment, you must not still have illusions and insist on mistakes, otherwise the market will use its trend to educate investors. Jiangchuan Yuhuo nodded, and said earnestly, "I always feel that the market is about to rise, miracle, you better come back quickly and buy steamed buns, you are not here, and the people we stick to are a little panicked." ”

"Well, I understand, I'll find a time to take you back to the carbine." Ding Xu smiled, opened the stock trading software, knowing that it shouldn't, but still prayed in his heart: "Baotou Steel Rare Earth, you quickly fall into place......

………………………………

(First of all, I would like to solemnly apologize to everyone, last night I announced the operation of reducing positions, but the market rose today, some book friends who imitated my position reduction operation have a feeling of stepping short today, watching the sold stocks rise, this feeling is very uncomfortable, I can fully understand.)

Since the book, I have always said that there is a wave of market, and I have always insisted on doing long-term, no matter what the negative is not to reduce my position, in my words, that is, when the lightning strikes, I must be present.

This strategy has been right until yesterday morning, and I have also doubled the principal this year, and I believe that most of the book friends also have good income, so there are so many book friends who have been inspired by this book to reward them as alliance leaders.

But this time, I made a mistake, because I feel that I have grasped the law of squatting and jumping again before the new stock subscription, and the Shanghai Composite Index has fallen below the upward trend line for two consecutive days, I feel that 9o% may continue to decline, towards the downward target I calculated at 2399 points, so I want to avoid the risk of a pullback in these three days, and wait for next Tuesday to enter the market to buy the bottom in order to obtain more profits.

Another reason is the announcement of the IPO registration plan at the top level, which makes me a little uneasy, because this plan will come sooner than I expected, and I am worried that it will affect the course of the bull market.

Based on these considerations. At the end of yesterday, I reduced my position by two-thirds. And posted my operation later in the chapter. Of course. It also mentioned that "it is not ruled out that there will be a sudden big benefit, or the market will simply ignore the bearish and go up directly, so that I can go short." However, the loss is only the expected profit, and if it falls, the loss is the real book profit, so I still came out for three days. In the past three days, I have tried not to borrow and sell short...... You can consider taking a small part of the funds to hit the new stocks, of course, most of the funds are still reserved for next week. ”

But last night after twelve o'clock after the chapter. When I linked to the latest chapter in the group, I saw a news from a group of friends, saying that domestic and foreign brokerages are optimistic about China's dream of a big bull market, with a maximum of 5,000 points, and the article is very long, listing a lot of refreshing views. So I chuckled in my heart, and quickly forwarded this long article in 9 groups, please pay attention.

And this morning's news, there is news that the registration system will be launched on a pilot basis before the end of 2o15. This news can be regarded as a reassurance to the market.

These news are undoubtedly good for brokerage stocks, so brokerage stocks rose sharply today. The direct price limit of securities B drove the market to rise strongly.

Including one of the small-cap stocks I killed. Also because last night out of the good and the limit, so I felt wrong, in the morning quickly put the remaining funds into a Hong Kong stock, which is the realization of the Shanghai-Hong Kong Stock Connect operation that I have always wanted to operate, and I ate a crab. After the operation, I immediately announced the operation in the miracle group, posted the transaction order, and then said vaguely in the two VIP groups, saying that I bought a Hong Kong stock.

And just like that, I was basically full again in the morning.

And this afternoon, the broader market was even stronger, with the Shanghai Composite Index rising more than 1%, directly recovering the rising trend line that fell below the day before yesterday and returning to the rising channel.

This is what I expected to be a small probability event of 1o% - a retraction of the uptrend line in three days, so it is not considered a valid breakdown. Therefore, the downside target of 2399 points calculated by me is also invalidated.

Although I announced the latest operation in the three groups, I was worried that the market would rise and fall in the morning, and my operation was inconsistent with last night's strategy, so I was embarrassed to say it everywhere, so I did not announce the operation in the ordinary group. And most of the book friends who didn't join the group couldn't be notified. The securities market is like this, it is changing rapidly, and a good thing, even if it is just a rumor, can also change the trend of the market.

During the day, I still didn't figure out why these two pieces of news made the market so strong, especially brokerage stocks, and the entire sector rose 8% in the afternoon.

It wasn't until seven o'clock in the evening that the news broadcast announced the news of the interest rate cut, and it dawned on me that I finally understood something.

The rate cut is not just this one, and it may signal the beginning of a new cycle of interest rate cuts in China, which will attract more money to the stock market...... It is no wonder that the brokerage stocks were so crazy in the afternoon, and they forcibly pulled the weekly line of the Shanghai Index from the yin line to the yang line, so that the first week of the opening of the Shanghai-Hong Kong Stock Connect finally closed out the weekly yang line, and the face was there.

What's more, there were reports in the afternoon - in order to cope with the tight liquidity situation this week, the central bank and several other banks have provided financial support of up to 5oo0 million yuan through the open market short-term liquidity adjustment tool to cope with the upcoming peak of new stock IPOs.

I feel that luck is really a bit back, these benefits usually do not come out, as soon as I reduce my position, as soon as I announce the operation......

Alas, retail investors are retail investors, I am a small retail investor, there is a natural lag in information, I really can't imagine that there will be a sudden interest rate cut today, and the media advocates a big bull market, and the central bank releases liquidity......

Although my personal loss of expected profit is not large, because my Hong Kong stocks are profitable, and the heavy stocks I sold yesterday only rose by 1% today, I feel that due to a problem with my strategy, it has affected the followers to make money, and I feel very heavy.

Although I know that I am not a stock god, just a small scatter, it is impossible to judge accurately every time, and it is impossible to fight against these sudden advantages, but I am still very uncomfortable, because I am not fighting alone, there are many retail investors behind me who are paying attention to my operations, and some retail investors are imitating my operations.

Since I am the author and the leader of the group, I should try to be as accurate and perfect as possible, which is my responsibility.

Whether or not people think I should take on such a heavy responsibility, I should try to do it better.

So after dancing aerobics in the evening, I went to the barbecue stall and ordered a few strings of tofu, shiitake mushrooms, enoki mushrooms or something, and ate silently and chatted to relieve boredom.

The owner of the barbecue stall who knew me well might have looked at my back a little lonely, ran over to say a few words, and habitually handed me a cigarette.

At that moment, I was so absorbed that I had forgotten that I had quit smoking for half a year, so I took the cigarette and lit it on fire, taking a deep breath.

Smoke into the bowels of sorrow, turned into forgetful grass......

And just like that, I silently smoked a whole cigarette.

After that, I saw a mahjong parlor next to me, some people were tired, some people were excited, everyone was gambling, just like the stockholders, although they were not gambling gods, they couldn't guess what the next card was, but everyone wanted it to be the card they wanted.

Then I suddenly figured out that a t did not lead everyone to success, and it is nothing, as I have said many times before, what we are pursuing is the sea of stars, the big income of the bull market, the fluctuation and profit of a few points a day and a half, if you miss it, you will miss it, why bother yourself, let your heart not be happy? This will affect your own judgment.

The most important thing in the stock market is the opportunity to make money, as long as the principal is there, there will always be endless money.

Where there is life, there is hope.

The interest rate cut is something that the market has been waiting for a long time, and it has been predicted for a long time, and now it is good to land, and this afternoon the funds are carnival in advance, I feel that there should be a process of rushing high and falling, selling high and buying low in early trading on Monday, and there is an opportunity to enter the market, but I personally still have a preliminary plan to refinance and buy shares next Tuesday afternoon to complete the final full position. After all, there will be 11 new shares to subscribe next week, to raise a total of 8.2 billion yuan, compared with the previous batch of new shares is a significant increase, the market is expected to freeze about 1.6 trillion funds, and ten of them concentrated on Monday and Tuesday, these two days of A-share liquidity will face a greater test. (In addition, share today's operation experience, buying Hong Kong stocks can not be used as collateral for the financing account, can not be transferred, in addition to Founder Securities in the ordinary account to have the Hong Kong Stock Connect operation option, the financing account is not, I also only learned about this yesterday afternoon, no wonder I have not been able to find it before, can not buy the Hong Kong stocks I want to buy).

After returning home, I watched two episodes of "Report to the Boss", smiled, and became more cheerful.

I hope that book friends who have reduced their positions can think of opening a point, and don't feel uncomfortable because of an occasional step on the air.

Money is endless, and it is even more important to be cheerful and healthy.

We have to walk a long, long way together, and what does it mean to kick a pebble on the way?

In addition, in order to deal with the scammers who pretended to be me, I announced my QQ number last night, and dozens of people want to add me as friends today, but my friends are basically full, and I don't have time to answer them one by one, please don't add my friends, go directly to the book review area at the starting point to top the post "Group. Let's go to find the group of 6 groups and VIP2 groups. No. (6 skirts. of the number. The code is 164**.3817, for ordinary book friends to enter. vip.二skirt号.code is 3162.58346,For all subscribed book friends to enter,Please convert to numbers,Then go to find .skirt。 If the two groups are full, a new group will be announced. No.).

To borrow a reminder from the official website of Founder Securities - be vigilant against illegal securities investment consulting, protect the safety of personal property, and be highly vigilant against all calls, text messages, websites, and media advertisements that promote free stock recommendation, free stock diagnosis, and open recruitment of members!

To tell the truth, it's almost the end of the year recently, there are a lot of things in the unit, I'm really busy at work, I have to study the news and the market every night, and then answer some book friends' stock inquiries, almost every night I have to get a few minutes before twelve o'clock to code out the first draft of a chapter, and then revise it for half an hour, basically I can only ensure a day a change, the minimum requirement of 20,000 words a week, even this week's six-frequency advertising recommendation on the page. Because of lack of sleep, the mind is always a little drowsy, and in the long run, the body will collapse. I want to take a good rest this weekend, and everyone will not add me as a friend and consult individual stocks for the time being......

Happy weekend. (To be continued!)

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