Liu Changling said: "The market trend has been formed, so the only correct thing for us to do is to follow the trend, as for the high pursuit...... At this time, the Shanghai Composite Index broke through the 2,300-point mark not long ago, and rose to the 2,500-point range, and there was basically no real pressure. ”

"And the two main lines of 'infrastructure' and 'military industry' have regained momentum."

"In essence, it has just come out of the upward trend."

"At this time, the market expectations for these two main lines are shifting from the previous divergent stage to being consistent, and due to the weakness of the main line of 'science and technology growth', the active capital groups of the entire market will only become more and more concentrated on the two main lines of 'military industry' and 'infrastructure'."

"On the whole, it is at this time that we follow up the main line of 'military industry' and 'infrastructure', and adjust the previous wrong trading strategy, not chasing high, but returning to the right investment path, and there is...... At this time, the investment opportunities of the two main lines of 'infrastructure' and 'military industry' are actually just turning into the right side of the opportunity. ”

"At this time, if we don't adjust the trading strategy......"

"If you want to turn the main position of the fund in the future, and then turn back to the two core main lines of 'infrastructure' and 'military industry', I am afraid that you will really have to continue to chase high and grab funds."

"After all, no matter how you analyze it."

"In the market, the two main lines of 'infrastructure' and 'military industry', in the case of continuous absorption of funds, whether it is future expectations or the overall market trend, will obviously become stronger and stronger in the foreseeable time period."

"On the other hand, the line of 'technological growth'."

"After countless funds are buried, the chip structure has become chaotic again, coupled withthe" LETV "direct negative blows, resulting in everyone's investment logic for the line of 'science and technology growth',Fall into an obvious stage of doubt and questioning,As well as" infrastructure "and" military industry "The two main directions of the market continue to siphon the effect on the active capital groups in the market,This can all show that within expectations,'Science and technology growth' line,It will only get weaker and weaker。

"At this time, we should be more decisive in order to avoid further depreciation of the net value of the fund's account."

"It is possible to recover our recent mistakes in trading strategy as soon as possible!"

After listening to Liu Changling's analysis, Shao Xiaoyun pondered carefully for a while, and finally gritted his teeth and said: "Okay, just follow what you said, quickly adjust the trading strategy, the chips on the main line of the entire 'technology growth', let's reduce the position as quickly as possible, regardless of the cost, the market price will fall, and in the shortest possible time, we will reduce as much as we can, and we will never be nostalgic." ”

"At the same time, the funds withdrawn from the reduction of positions are also quickly bought at the market price regardless of the cost of the core constituent stocks in the field of 'infrastructure' and 'military industry', as soon as possible, to correct our previous wrong trading strategy, and to recover the trend pattern of the sharp drawdown of the net value of the fund in the past two days."

"Good!" Liu Changling responded.

Then, quickly place corresponding trading orders to other traders who have been waiting in the trading room for a long time.

"Changling, ......" When Liu Changling quickly issued a trading order and wanted to correct his previous trading strategy, Shao Xiaoyun pondered for a moment and asked again, "What do you think...... At this time, we are once again turning around and increasing our positions on the two main lines of 'infrastructure' and 'military industry', which stocks should we choose as the core positions? Fushun Special Steel, Chengfei Technology, Tianshan Cement, Shanghai Construction Engineering ...... What do you think of these? ”

Liu Changling thought for a while and responded: "Manager Shao, I think many of these popular concept stocks are currently at the peak of their emotions, and many stocks have risen to the limit today, so we may as well intervene first, according to the liquidity, the core weighted stocks with better liquidity, stronger expectations, and no worse sentiment, what do you think?" ”

"For example?" Liu Changling did not answer directly, but continued to ask.

Liu Changling responded: "According to my observation, on the two main lines of 'infrastructure' and 'military industry', expectations and sentiment are relatively hot, and the disk liquidity is large, the capital participation is high, and the net inflow of main funds is also larger. The risk of a short-term correction is also low. ”

"Okay!" Shao Xiaoyun's thoughts in his heart are basically the same as Liu Changling, he also thinks that at this time, it is easy to step on the short-term highs to chase the popular concept stocks with emotional highs, relatively speaking, the stock price trend of heavy-cap stocks with better liquidity will be more stable, which is more suitable for their position adjustment strategy at the moment, so he couldn't help but nodded and said, "Then follow the strategy and target stocks you said, and quickly adjust the position!" ”

Liu Changling nodded, and then continued to instruct the traders to adjust their positions according to this strategy.

And when they made up their minds to fully cut the main line chips of 'technology growth', and pursued the core weighted stocks with abundant liquidity in the fields of 'infrastructure' and 'military industry' at a high level.

It's in another trading room right next door to them.

Liu Guanhai, who is in charge of the 'Yinghui No. 1' fund product, gritted his teeth when he once again stepped on the wrong market rhythm and his heavy position was buried, and also made a trading strategy consistent with Shao Xiaoyun, that is, to once again cut the heavy position of the fund with the wrong rhythm, chasing the two main hot spots of 'infrastructure' and 'military industry'.

Similarly, in the market at the moment, there are countless investment institutions, as well as large, medium and small investors.

When the main line of 'infrastructure' and 'military industry' has formed an obvious sustained upward trend, and the market has completely broken through 2,300 points, forming a trading opportunity on the right side, it is increasingly biased towards the layout of the main board's 'infrastructure' and 'military' fields, and chasing chips at a high level.

Even, as a staunch ally of the 'Pingyin Asset Management' institutions, E Fund, Huarui Public Fund, CEFC Securities Proprietary Investment Strategy Department and other domestic first-class echelon large investment institutions, at this moment, have also begun to fully defect, large-scale position cutting, and take the initiative to kill the chips of the main line of 'technology growth', and at the same time pursue the chips in the main line of 'infrastructure' and 'military industry', and grab the core high-quality stock chips.

Of course, there are also institutions that still adhere to the original view at the moment and do not cut the main line of 'technological growth'.

For example, Yu Hang, within Jingda Investment Company, in the main fund trading room, fund manager Lin Tingzong still planned to stick to the chips in the main line of 'science and technology growth' after pondering and weighing for a long time, and did not follow everyone to panic and fall.

"Lao Lin, the two main lines of 'infrastructure' and 'military industry' in the market, the emotional reaction is really getting hotter and hotter." Standing behind Lin Tingzong, Gu Chijiang, who was frowning and looking at the changes in the two markets, said with some apprehension, "You said that the line of 'technological growth' will usher in a wave of favorable rebound after today's large-scale panic selling, let us find a relatively suitable selling point?" I ...... in my heart I'm a little unsure! ”

Lin Tingzong's eyes were firm, and he said: "The market sentiment reaction, such as the ebb and flow of the tide, although the current market sentiment and expected hot spots, is no longer on the line of 'science and technology growth', everyone is crowded in the 'infrastructure', 'military industry' The two main lines, but no matter how a big main line of the market goes, the emotional side cannot always remain at the peak, which is unrealistic and does not conform to the laws of the market." ”

"It is true that the future expectations of the two main lines of 'infrastructure' and 'military industry' are becoming more and more intense, deeper and broader with the fermentation of emotions after the outbreak of the market."

"But even if there is a strong and broad expectation, it is impossible to finish the market in one go."

"This is like a big bull stock that is expected to be good in the market, its trend cannot be smooth, and the trend will be the manager's sentiment peak and underestimated."

"This phenomenon is the same in the trend development of the main market."

"What's more, the entire main line of 'big infrastructure' and 'military industry' involves so many market industry sectors and concept plates, hundreds of concept stocks involved, and trillions of market capitalization involved.

"So, there's no need for us to chase after it at this time."

"The development of a big market main line, there can't be only one buying point."

"In the same way, in the weak main line where expectations are gradually decreasing and funds are fleeing in an all-round way, the market trend will not even rebound, and it will go straight down."

"I admit that the market style and the main line market have switched smoothly."

"I also admit that we have been careless in the past two days, and we have failed to grasp the first buying and selling point, carry out appropriate position adjustment and switching, and change our trading strategy."

"But at this time, we can no longer be led away by market sentiment."

"You have to think calmly."

"The line of 'science and technology growth' has collapsed today, and many core concept stocks have been killed to the fall limit at the moment, that is to say, in the market at the moment, the funds that are not optimistic about this line market are all in large-scale liquidation, we follow the trend to sell at this time, first, there is no good price, second, to kill this situation, and then take the initiative to kill and sell, it is no longer meaningful."

"At this time, near the high point of intraday sentiment, it is even more undesirable to chase the core hot stocks in the fields of 'infrastructure' and 'military industry'."

"After all, in the face of such a large market value and so many concept stocks in the face of the two main lines."

"With the current liquidity in the market, which is not abundant, and the incremental funds that have not fully kept up, once these two main lines cross the emotional high, the stock price should inevitably pull back because of the lack of capital capacity."

"...... in a sense"

"Yesterday's 'infrastructure', 'military industry' main line areas of the overall surge, as well as these two main line areas, many core concept of popular stocks for many days of independent strength and soaring trend, has been on the short-term investment timeline, accumulated too many profits, which must be digested."

"So, I conclude that when the market enters the afternoon."

"The market in the two main areas of 'infrastructure' and 'military industry' is very likely to briefly dive and pull back, maintain a volatile trend, and can no longer break through as strongly as yesterday."

"And when the main line fields of 'infrastructure' and 'military industry' dived and pulled back."

"Then, under the current market seesaw effect, a lot of funds from the field of 'infrastructure' and 'military industry' will definitely follow the logical inertia of the market's 'seesaw effect' to intervene in the field of 'scientific and technological growth' and carry out bottom-buying operations."

"And where we really come out, and where we rebalance and change our trading strategy."

"I think it's the time for the two main lines of 'infrastructure' and 'military industry' to clear the short-term profit-taking pullback after the short-term market sentiment peak."

"That should be the second buying and selling point in the market."

"If we had switched strategies at that time, the relative loss and the impact on the net value of our fund would have been smaller than it is now."

Speaking of this, Lin Tingzong's eyes still maintained a sharp gaze.

And for their own judgment, full of confidence.

In fact, in the face of the uncertain trading market, in the actual trading operation, even the most powerful trader is impossible not to make mistakes.

Therefore, I really want to survive for a long time in this bloody financial trading market.

The most important thing is not to let yourself not make mistakes, but to be able to look at the market calmly and objectively after making mistakes, and quickly formulate appropriate remedial measures, adjust trading strategies, so that your trading operations and corresponding strategies are always changing around the market trend.

After listening to Lin Tingzong's analysis of the market at this time, as well as his thoughts on the transformation of the fund position, Gu Chijiang was silent for a while, carefully pondered what the other party had just said, and after a long time, he gritted his teeth and nodded, and said: "Since you are so firm that the market will change like this next, then let's ...... Just keep waiting! ”

The so-called employment is not suspicious, and the suspicious person is not used.

According to his performance since he appointed Lin Tingzong as the company's main fund manager, some of the other party's ideas and opinions on the market and the market are indeed much more unique than his...... At this moment, he always felt that Lin Tingzong's opinion was a little too optimistic, but thinking that since the other party was so confident, and at the same time, the logic of the analysis could be said to be the same, which was in line with the development law of the financial trading market, so he couldn't help but refute the idea in his heart.

Under the different strategy choices of major asset managers and core traders of various institutions......

Before you know it, the market has reached 11 a.m.

I saw that the main money-making effect of the two markets is still revolving around the two main lines of 'infrastructure' and 'military industry', and the scissors difference between the Shanghai Index and the ChiNext Index has been maintained in the range of about 2%, among them, the Shanghai Index has successfully stood at 2390 points, and it is really one step away from the 2400 point mark.

(End of chapter)