"After a period of excitement when they first entered the stock market, new investors began to find that making money in the stock market is not as easy as they imagined. But because he is studious, he understands more than the new investors who have just opened an account, and he understands some basic knowledge of securities and simple technical indicators, so the new investors are particularly angry, and they can make a little money when they don't understand anything, and they understand a little, but they start to lose money.

Some of the students in the audience were a little embarrassed to hear this, laughing at each other, thinking, "Is this me?" ”

Li Bai looked at the expressions of some students in the audience, smiled and said, "It seems that our classmates also have such a situation."

Li Bai paused and took a sip of tea.

"After discovering that stock speculation is really not simple, secondary shareholders often become unable to make up their minds, and become retail investors who like to blindly follow the trend, and are often particularly easy to trust old stockholders!"

"At this stage, they are particularly superstitious about all kinds of stock reviews, so-called experts, and well-known blogs, and they can be said to be loyal fans, and there is another characteristic, that is, they are particularly fond of asking about so-called inside information."

"In short, I read all the stock review articles in the media that I can find, listen to the stock review programs on TV and radio that I can find, and of course I am also a frequent visitor to all kinds of stock review reports."

"Why did you go? Because there are expectations, naively expecting those stock critics and experts to make suggestions for their own investment! But think about it, if you put your hope entirely on others, what do you get in the end? What else is there but disappointment? Disappointment is greater than hope, students. ”

"Does every investor go through this experience?" A male classmate took advantage of Li Bai's drinking water to stand up and ask, "May I ask Consultant Li, have you experienced such a stage?" ”

Is this fault-finding?

Li Bai was stunned for a moment and said, "Me? When I was as stunned as you were back then, why hadn't I experienced it? Have experienced it too! This is the only way for investors. ”

There was another burst of laughter from the audience.

Li Bai was also frank, his old face flushed, and he said: "Now I sometimes study the views of some famous experts." ”

When Zhang Yuan heard Li Bai say this, he also felt that Li Bai was a little cute, one was one and two was two, but he didn't pretend to be B.

"Have you been through it too? Some students feel very deeply touched," Li Bai asked with a smile, looking at everyone through his brown glasses.

"Well, well, yes, I've experienced it too"

"I've been through it too"

"That's where I am."

……

Looking at everyone's expressions of "isn't it", Li Bai lit another cigarette and said with a smile: "Indeed, there will be many shareholders around us who believe in experts, because they can't rely on themselves, so they want to rely on others." ”

"At this time, the operation of these shareholders is even more unassertive, and they do what others say, like headless flies. I like to follow hot spots, blindly follow the trend and operate in the short term, thinking that this is the only way to be safe. ”

"Because of the great blindness and randomness in the operation, it has naturally become a victim of the bookmaker's pumping and selling, and suppressing the chips. It's easy to lose money, it's hard to make money.

"If you walk into the stock market and participate in this market, there is no one who doesn't want to make a fortune in the stock market. But to be honest, it's really not easy to make money in the stock market, but it's easy to lose money! ”

Thinking of the recent market, everyone nodded one after another.

"Yes, it's easy! I've lost 20% lately."

"It's really easy to lose! I've lost 25%."

A few girls in the front row said one after another. After finishing speaking, he turned around and searched for Zhang Yuanyi, Xu Xiaofeng and Feng Lun, thinking, just these few big flickers are going to rise, big flickers!

Zhang Yuanyi and Xu Xiaofeng saw these unkind eyes, and they were black lines, Nima, blame me again?

"The third type of shareholder, or third-level shareholder, is related to the value investment we talked about in the morning." Li Bai raised his chin and said with a smile.

"After too many times of credulity and deception, third-level shareholders dare not blindly trust others anymore, it is better to ask for others than to seek themselves, but at this time they often know little about technical analysis, what should I do? I began to be keen on studying the fundamentals and policies of listed companies, that is, conducting so-called fundamental and value analysis. ”

"Look at the low PE of this company, you see the high profit of this company, you see how good the net capital of this company is......"

"But the company's fundamentals are affected by multiple factors, not only by the level of managers, the prosperity of upstream and downstream industries, domestic and international politics, economic situation, and even by the stock market environment itself, sometimes the impact is huge, so in terms of value analysis, it is difficult for ordinary shareholders to find out, and some of our listed companies have serious financial data fraud, you can't trust it."

Zhang Yuan nodded, and what he said did make sense.

"Today's talk about this topic not only allows you to understand the types of shareholders, but also our students have to compare themselves, and I think it is also good for your own growth."

"Students must pay attention to this phenomenon: that is, at the top of the market, all the news on the fundamentals is good, and there are people who draw a beautiful blueprint for you and draw all kinds of pies! If at this time, you believe in fundamentals, it will only make you stand guard in a high position, and you will stand on a high hill and wait for the release that you don't know when it will be, oh, believe me. ”

The audience was amused by Li Bai again.

"Of course, if the market is at the bottom, basically all the news about the fundamentals is bad, a bit like the current market situation."

When some classmates heard this, they couldn't help but wonder if they had wronged Zhang Yuanyi and them.

"At the bottom, not only is the news side bad, but also someone gives you a reason to harm yourself, I believe that the fundamentals will only enhance your courage to admit losses and sell, cutting meat is not simple, I think some of our classmates are the best at cutting meat, it is absolutely no problem to be a pig killer."

The audience was laughing again.

"No, no, this guy is so funny" The fat man clutched his stomach and laughed on the table.

Zhang Yuanyi glared at the fat man, Nima, is it so funny?

However, it seems that at the bottom and top of the stock market, you can only do it in reverse, Zhang Yuanyi thought in his heart, otherwise he would really die very miserably, but others can't give the reason for doing the opposite, and the fundamentals definitely can't be given, and only through his own research can he look for clues in the technical side.

"Being obsessed with fundamentals and value analysis is actually an outsider. Although the most exciting role model in this regard is the "stock god" Warren Buffett, which makes a large number of people flock to it. ”

"Actually, as my classmate Zhang Yuanyi said in the morning" Speaking of this, Li Bai looked at Zhang Yuanyi's position in the back row, and then said:

"Value investment is not bad, but investment value requires professional investment value analysis and meticulous field investigation and market research methods, and institutions and large funds have more advantages in this regard."

"In addition, Warren Buffett is not a simple value investment, its profit model is more suitable for institutions, large funds rather than retail investors, compared with the intuitive and efficient technical analysis, retail investors simply do not have the ability to effectively value analysis, and talking about value investment without a corresponding foundation is tantamount to fantasy."

Li Bai quoted Zhang Yuanyi's views twice in the morning here, which also made Zhang Yuanyi stunned, but his thinking was recognized by the Sichuan Gold Medal Investment Consultant, and he was very happy in his heart.

Xu Xiaofeng looked at Zhang Yuanyi with admiration in his eyes, and thought, Brother Yi is really awesome!

"When there is a huge contrast or even the opposite problem between the results of fundamental and value analysis and the real trend of the market, the third-level shareholders will once again fall into a situation where they are often at a loss, and the value analysis will become a flower in the mirror, a moon in the water, and it is out of reach."

"So when we say that the third-level stockholders, the biggest characteristic is that they are lost in value analysis."

Speaking of this, Li Bai picked up the cup again and took a few sips of tea.

Some of the students in the audience who agreed with Ding Chuan's views in the morning also fell into deep thought. And Ding Chuan's face began to become cloudy, which was denied.