Chapter 5: The Loser

After dinner, Ding Xu went into the study and carefully studied the stocks for several hours.

Today is September 23, 2oo8, the Shanghai Composite Index finally began a slight pullback after two consecutive days of sharp rises, the Shanghai Composite Index reached a maximum of 2253 points, closing at 22O1 points, down 35 points, or 1.56%.

For today's decline in the market, Ding Xu has long been psychologically prepared, after all, the rise in the first two days of the market is too large, there are too many profits, and there must be a lot of profit funds to flee in the short term.

The sharp rise in the first two days is because after the Shanghai Composite Index fell to 18o2 points on September 18, the management announced three major rescue measures that night, that is, stamp duty will be levied in one direction from September 19, Huijin will increase its holdings of bank shares, and the State-owned Assets Supervision and Administration Commission will support central enterprises to repurchase shares. These measures are all substantial positives, and they are a great encouragement to the A-share market, which is currently in a downturn to the extreme.

At the same time, U.S. stocks closed sharply higher, and there were two major positive news that the world's major central banks jointly injected $24.7 billion to save the financial market and the U.S. government brewed a new rescue plan. These two pieces of news have given people hope to get out of the financial crisis.

Stimulated by various favorable conditions at home and abroad, on September 19, the Shanghai and Shenzhen markets, individual stocks, and warrants all rose by the limit, and on September 22, the Shanghai Composite Index soared by more than seven points. From the lowest point of 18o2 points on September 18 to the highest point of 2269 points yesterday, the market has risen by 25.9% at most in just three trading days, which is a rare strength in history.

Ding Xu learned about the introduction of the three major benefits on September 19, and also thought about going in to buy the bottom to do short-term, but that day he asked for leave to sneak out and ran to the Internet café, only now the market opened almost up to the limit, the Shanghai Index opened up more than 9%, and several stocks he was optimistic about have been up and down, and they can't buy it at all.

Among them, the stock "Baotou Steel Rare Earth", which he had earned eight times, suddenly ended the limit on September 18, closing at 9.o6 yuan, and on September 19, it closed the daily limit in early trading, closing at 9.97 yuan, which is obviously the main capital starting. Although it is not clear whether it is a rebound or a reversal for the time being, the determination of the main funds to do the market and engage in production to save themselves is still obvious.

In desperation, Ding Xu planned to continue to observe next week, but his father suddenly disappeared over the weekend, and Ding Xu had no time to pay attention to the stock market.

Today, his father's matter is solved, and Ding Xu has the heart to take a good look at the market for a while. He studied the trend of Baotou Iron and Steel rare earth in the past two days, and now on September 22, Baotou Iron and Steel rare earth opened to the limit, and there is still no chance to purchase. Although the intraday limit was opened, the board was closed at the end of the day, closing at 1o.97 yuan, closing out the third consecutive price limit. Today, Baotou Iron and Steel Rare Earth fell with the adjustment of the market, closing at 1o.36 yuan, down 5.56%.

After reading the trend of Baotou Steel's rare earths, Ding Xu focused on analyzing the market again, and wrote his own conclusions in the computer document.

"The Shanghai Composite Index only rose to 2,253 points today, not refreshing yesterday's high of 2,269 points. And after the big white line on September 19th, yesterday closed a false yin doji, and today closed a yin doji with a long upper shadow, a high volume of double doji, technically bearish, the market outlook is not good. ”

"Especially today, the central enterprises increased their holdings of concept stocks and fell first, which is even more bad. This plate is the leading sector that led the rebound of the market, it fell, and the other sectors naturally couldn't hold on, and the funds fled one after another, and the two cities fell to the limit of 27o stocks! In this way, the risk of the market outlook is relatively large, and the market has the risk of continuing to fall after rebounding. ”

"In addition, the one-way imposition of stamp duty and the increase in stock holdings are short-term measures to stimulate the stock market, and they are not really big positives. If the domestic economic stimulus policy is introduced, it will be good for the market to reverse! So yesterday and today, only one-third of the stocks can continue to make money, and the rest of the stocks are falling sharply, obviously because the big money is fleeing. In this case, the market is estimated to fall, and even fall below 18o2 points again, now is not the opportunity to buy the bottom, be patient and wait and see! ”

After studying the market for a few hours and reading two long-term tracking blog posts, Ding Xu made some preliminary judgments.

Now most stock commentators are advocating that this wave of rebound can rise to more than 25oo points, saying that now is a good opportunity to buy the bottom.

Ding Xu is different, although he also read the articles of two more reliable bloggers, but mainly looks at the information they collect, figure out the reasoning ideas when they draw conclusions, and then analyze the angle of their interpretation of the news, whether the conclusion is correct, and finally draw his own conclusions.

In any case, Ding Xu will not trust the judgments and conclusions of these stock commentators, and he will definitely not blindly follow them. Because Ding Xu's father used to listen to and rely too much on the opinions of those stock commentators, he turned into a blind obedience, and even covered from 6124 points to 18o2 points, suffered heavy losses, and almost committed suicide for this, which is a bloody lesson. His father's wrong habits and methods of stock speculation sounded the alarm for Ding Xu all the time.

"You must have your own opinions on stock trading, you can't follow the crowd, you can't believe the opinions of those stock critics and bloggers, my dad is a lesson!"

Maybe Ding Xu's current knowledge of stock trading is still relatively poor, and his thinking is not necessarily correct, but he has begun to insist on independent thinking and independent judgment, rather than following the crowd and blindly following the gullibility.

This is a good start, in a market where the vast majority of shareholders lose money, only by getting rid of the crowd and the herd mentality can it be possible to embark on the road of stable profits.

In this sense, although his father has sunk in the stock market, Ding Xu stands on his father's shoulders, can always see higher and farther, and can always avoid some of the traps that his father once fell into.

After coming to a conclusion, Ding Xu felt that his eyes were very sleepy, and he quickly collapsed on the bed and fell into a deep sleep.

This night, Ding Xu didn't sleep very well and had a lot of strange dreams, most of which were related to his father.

In the early morning, Ding Xu even dreamed that his father committed suicide by throwing himself into the lake, and a police car by the lake kept honking its siren, the sound was sharp and harsh, full of urgency.

Ding Xu sat up from the bed abruptly and took a few breaths, only then it was not a siren, but his alarm clock was calling.

The three days off I took has expired, and I have to go to class today. Ding Xu settled down, got up quickly, ate breakfast, and hurriedly got on the bus to school.

Ding Xu lives in Tiebei District, which is more than 10 kilometers away from Wuling University, and has to transfer to two buses. There was some traffic jam on the road, and it took half an hour to get to school.

The morning class was full, with four classes. In the first two classes, Ding Xu has been reading a book on stock trading. In the next two classes, Ding Xu looked at a copy of "Overview of Securities Investment" borrowed from the library.

Throughout the morning, Ding Xu basically didn't listen to the class.

Wuling University was not his ideal university in the first place, and the law major was not to his liking. If it weren't for his father's insistence, Ding Xu would not have entered this school, let alone studied this major.

In addition to financial management, financial risk management, investment projects and evaluation, there is also a subject content that Ding Xu is most interested in, that is, "familiar with the specific business processes and operation methods of securities investment, project management and international investment, master the skills of securities investment, project management and international investment, and have the ability to operate in practical investment." ”

Ding Xu, who made his first pot of gold in the stock market, is far more interested in investment than he has studied law. Soon after Ding Xu entered the school, he asked around how to go to the Department of Economics to study investment, and later decided to apply for a double degree.

Since the double degree can only be applied for in his sophomore year, Ding Xu can only wait another year. However, after entering the school, he began to borrow books on investment and study in advance, trying to make his stock trading theory more solid.

Now because he suddenly owes a huge debt of one million, Ding Xu's pressure is even greater, and he can't take care of the law major class for a while. Now he is full of thoughts about improving himself and making money.

It's just that the bottom of the stock market is so easy to copy, and if you are not careful, you will be trapped, so you must be cautious.

Ding Xu was thinking about his thoughts while reading, and the bell rang for a while before he walked out of the classroom slowly, ready to go to the cafeteria to eat.

As soon as he walked out of the teaching building a few steps, Ding Xu seemed to feel something, and when he turned around, he saw a middle-aged man squatting on the cement floor.

The middle-aged man had a fluffy head, a messy beard, deep-set and bloodshot eyes, a pale face, slightly sunken cheeks, and an extraordinarily haggard look.

The man was squatting on the concrete floor and smoking, and there were several scattered cigarette butts on the ground.

The man was holding a cigarette butt in his left hand and a piece of chalk in his right hand, and was writing three large characters on the ground.

From a distance, those three words are clearly - loser!

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