"The market has changed in an all-round way! Hey......"

In the trading room of the 'Yinghui No. 1' fund product trading room, fund manager Liu Guanhai sensed the rapid change in the direction of market investment sentiment, his face was bitter, and he sighed helplessly: "The group of institutions that sing more about the line of 'technological growth' is really damned." ”

Originally, the core holdings of their fund were adjusted to the direction of the main board's 'big infrastructure'.

However, due to the clear market view signals revealed by various institutions at the Modu offline investment strategy meeting not long ago, as well as the continuous strong trend of the market's 'technology growth' stocks in recent days, as well as the continuous stimulation from the news, sentiment and external market trends, he hurriedly adjusted the core holdings of the fund to the core concept stocks of 'technology growth'.

Even this morning, he is still asking traders to increase their positions in many core concept stocks such as 'LeTV, Netspeed Technology, and Huayi Brothers'.

Looking back on the fund holding process for more than half a year.

The 'Yinghui No. 1' fund product he is in charge of can be said to have continuously stepped on the wrong market rhythm, and was slapped in the face back and forth in the main line market layout.

In the first quarter, due to the strong performance of the 'Apple Concept' at the beginning of the year.

The 'Yinghui No. 1' fund product can be said to be a full position layout in the two main core stocks of 'smart phone industry chain' and 'mobile Internet', which were strong in the second half of last year.

And there is no doubt that the 'Apple Concept' has been performing for a while at the beginning of the year, and then it has collapsed.

The fund product he was in charge of continued to decline in the market in the first quarter, especially the crazy adjustment of the two main lines of 'smart phone industry chain' and 'mobile Internet', which happened to completely eat the most ferocious decline, resulting in a serious drawdown of the fund's net value in the first quarter.

Subsequently, when the time entered April.

Due to his misjudgment on the main board of the main line of "big infrastructure", in the early stage of the "Yuhang Department", a big capital with the help of the good east wind, the crazy pull up of this main line, there was no time to intervene, and completely missed all the market gains in the early stage.

Then, when the time was close to May, the 'big infrastructure' was in full swing and continued to skyrocket.

After seeing the fundamental logic of the line of 'big infrastructure', he finally made up his mind, decisively adjusted his position, and intervened in this field with a heavy position.

However, when he adjusted the fund's position to 'big infrastructure'.

Before he was happy for two days, after the surge in May, the line of 'big infrastructure' quickly flowed down and put him on the top of the mountain.

After that, the market continued to adjust in mid-to-late May and early June.

The net value of the 'Profit Pool No. 1' fund fell to a new annual low, and the drawdown was extremely serious.

After that, the market picked up after the Dragon Boat Festival, and the main line of 'big infrastructure' regained its strength, and at this time...... He is still determined that the line of 'big infrastructure' will show something, and he will quickly regain lost ground, however...... Just when he was full of confidence, he didn't expect that the 'big infrastructure' line, which he was optimistic about and the fund's heavy position, fell into adjustment again, and the Shanghai Composite Index was trapped below 2300 points and could not break through.

With the extension of the market sideways time, at the same time, the positive appearance of 'film and television media', the main line of 'technology growth' has fully exploded, coupled with the fermentation of the influence of Modu's offline investment strategy, almost the vast majority of investment institutions in the entire market have begun to be strongly bullish on the main line of 'technology growth'.

As a result, he was eager to change the trend of the fund's net value and to restore the confidence of investors who invested in this fund, and blindly cut off the core component concept stocks in the field of 'big infrastructure' that were in a state of adjustment and had not risen for a long time, and chased all the vacated positions into the line of 'technological growth'.

And now......

There is no doubt that according to the actual trend feedback of the market, he has stepped on the wrong rhythm again.

After a series of investment strategy mistakes, now, he is in charge of the 'Yinghui No. 1' fund product, the annual net value has fallen to 21% of the position, compared with the Shanghai Index this year's nearly 12% increase performance, can be described as extremely bad, in the domestic private equity fund product performance rankings, let alone to compete for the ranking, he, the fund manager, can still be a huge problem.

"Hey......"

Thinking of the continuous bad operation strategy in the past six months, Liu Guanhai couldn't help but sigh again, and the sullen breath in his heart really couldn't spit out if he wanted to.

In the past, he also ridiculed the main capital of the 'Yuhang Department', but he took advantage of luck.

Now look at it, he's the real clown.

"Mr. Liu, let's follow...... Is it necessary to adjust the strategy again, and move the position in the 'technology growth' back to the main direction of the 'big infrastructure'? Seeing that Liu Guanhai was in a very bad mood, Yu Lei, the leader of the trading team, thought about it and made a suggestion, "Actually, I think ...... After all, Shanghai is pointing to break through, without the help of the "big infrastructure" line, it is impossible to open the space, and the basic investment logic and fundamental changes of the "big infrastructure" line, and even the long-term investment expectations, compared with before, have not changed. ”

"And ......"

Yu Lei paused, and continued: "Today's market is really determined the opportunity of the wind direction change, that is, the market has just started to switch between high and low, if we are decisive, in fact, it is completely too late to keep up with the market changes, at least the Shanghai Index from the current position, to the 2500 point pressure mark, there is no resistance, 'big infrastructure' line, the follow-up will definitely rise." ”

"The end of the closure period of our 'Yinghui No. 1' fund is in September."

"Now if we change our trading strategy and keep up with the main line of the market, we still have a chance to recover the net value that has fallen seriously."

"Do you think we should still adjust our position to pursue the line of 'big infrastructure'?" Liu Guanhai was in a better mood in Yu Lei's comfort, raised his eyes to look at the other party, and asked, "What if...... We adjusted our position to chase after it, and we chased it at a high point again? ”

Looking back on the trading process of the past six months, every time they adjust their positions and pursue, they have ended in failure.

If they have always adhered to the line of 'technological growth', or the line of 'big infrastructure', their net value loss of funds will not be so serious at all.

The so-called more active and more wrong, the trading process of their fund in the past six months really fully interprets this sentence.

Yu Lei thought for a while and said: "I think we should not be trapped by the wrong trading strategies of the past, we should look more at the present, see the actual trend and expectations of the market, and change in sentiment, and then ...... to make the real right trading operation. ”

"Judging from the actual trend and expectations and sentiment changes in the current market......"

"There is indeed no main line, there is a "big infrastructure" line of momentum and expectations, at the same time, this line, in today's large-scale volume of the trend, has also formed a substantial upward breakthrough trend, at present we are from the emotional side, the capital side, and the K-line technical analysis, can determine the "big infrastructure" line, is the overall performance of the market, the most suitable, but also the most investment potential of the main line of investment direction."

"Mr. Liu......"

Yu Lei's eyes were firm, he paused for a moment, and continued to persuade: "We must change the wrong trading strategy before, at least we can no longer put the direction of the main position on the line of 'technology growth', the line of 'technology growth', after today's wave of trends, there is no upward momentum in the short and medium term." ”

"If we don't make changes, I'm afraid that the net value of the fund will continue to fall, which will be obviously unfavorable to you and all of us."

Liu Guanhai listened to Yu Lei's continuous analysis of the market, pondered for a while, although he did not fully agree with Yu Lei's point of view, but he can indeed see that the trend of 'science and technology growth' today's high-level diving and volume decline, while the selling funds are fully fleeing, and the buying funds are completely siphoned by the re-emerging 'big infrastructure' main line, in the short and medium term, there is indeed no chance, so he couldn't help but sigh again: "Okay, now that we have reached this point, we can only be a dead horse as a live horse doctor, next Monday, cut ' The main line of science and technology growth's chips, re-chase and get back the chips we lost in the 'big infrastructure', whether it is dead or alive, it depends on these two months. ”

Yu Lei saw that he had finally made up his mind, and he was relieved, and began to sort out the fund's position data, and combined with the closing results, to formulate a specific investment and transaction plan for next week.

When Liu Guanhai was depressed and had no choice but to decide to adjust his position again.

In another fund trading room next to him, Shao Xiaoyun, the fund manager of the 'Yinghui No. 2' fund product, his brows were completely screwed together, he gritted his teeth hatefully, and said: "Your mother, the senior general manager of 'E Fund' specially cheated me, let me increase my position on a large scale in the two main areas of 'film and television entertainment' and 'domestic software', which made me completely lose the chips on the main line of 'big infrastructure' domestic software's two lines. ”

"Mr. Shao, what should we do now?" Liu Changling, the leader of the trading team, was also very depressed and asked.

Shao Xiaoyun hated itchy, and secretly scolded himself for not listening to any inside information, and responded: "What else can I do?" The line of 'scientific and technological growth', which everyone can see is dead, will be brainless next Monday, damn, I have completely stepped on the market of the line of 'big infrastructure', I really hate. ”

Before him, he was originally following the main capital of the 'Yuhang Department'.

Unexpectedly, this time......

He just had doubts in his heart about the main capital layout of the 'Yuhang system', and with a little sense of autonomy, he was quickly slapped in the face by the market, causing the net value of the fund to retreat rapidly against the trend.

"It seems that you still have to follow this Mr. Su of the 'Yuhang Department' to have meat to eat!" After pondering for a while, Shao Xiaoyun secretly said in his heart, "Compared with this Mr. Su, what Mr. Gao, Mr. Shan, Mr. Ning, and Mr. Zhao...... It's all a fart, no, not even a special fart! ”

The same ......

When Shao Xiaoyun was full of anger based on the market performance, he decided to decisively cut the line of 'technology growth'.

Modu Xin'an Finance, Yanjing Anlan Fund, Yuhang Minghui Capital, Yuhang Anzhao Fund, Yuhang Bank Public Fund, Shenzhen First Securities Proprietary Investment Department...... A series of institutional groups, after comprehensive analysis of market performance and sentiment expectations, will focus on the "large infrastructure" and "military industry" fields where the main capital is concentrated.

And everyone agrees that the main line of the market, which is still extremely strong in the morning of 'technological growth'.

All began to report a rather pessimistic view.

Of course, at the moment when countless institutions secretly adjust their trading strategies, re-analyze the two main lines of investment in 'large infrastructure' and 'military industry', and firm the investment logic, the performance of public financial market information.

The investment consultants and chief analysts of various brokerages, as well as the market financial V, stock commentators, and even many financial media reporters, have also changed their tone sharply, and began to sing more about the 'big infrastructure' and 'military' market in the direction of the main board of the Shanghai Stock Exchange, and many people, according to Su Yue's public speech report on the market not long ago, shouted the call of 'bull market', and radically called for over-the-counter investors to enter the market.

Just when this market sentiment is turning sharply, and the discussion of the market investor group is becoming more and more in full swing.

Market hours finally arrived at 5:30 p.m.

Nearly 2,000 stocks participated in the trading of the entire market, a total of 31 stocks were on the list, and among the stocks on the list, the main line of "science and technology growth" of the small and medium-sized board and the gem was biased towards the main board, and the two main line concept stocks of "infrastructure" and "military industry" in the direction of the main board, each accounting for 50% of the share.

Among them, investors in the two cities pay attention to the top 10 stocks, and 6 of them are on the list.

Of course, the most concerned and most anticipated "Yuhang Department" main capital related trading seats, that is, the "Fortune Road" trading seat, today, also continues to be on the list of dragons and tigers in the two cities, appearing on the list of 4 stocks on the list of buying and selling seats.

", Mr. Su's 'Fortune Road' is still selling the stock of LeTV today?"

After the refresh of the Dragon and Tiger list, everyone saw that the 'Fortune Road' seat was on the list again, and it was located in the list of 4 stocks.

"The most shocking thing is not that Mr. Su's 'Fortune Road' is still selling LeTV." Someone was extremely surprised and said, "It was Mr. Su who actually increased the check of 'Fushun Special Steel' in an all-round way today, and the check of 'Huaguo Metallurgical', Mr. Su also intervened in a very high amount of chips!" ”