Chapter 113: Final Performance in May
During the crazy phase of the bull market, all kinds of newbies, whether they knew the stock market or not, rushed into the stock market, allowing the big Vs to make a fortune.
For most novice investors, they must carefully distinguish online comments and not blindly believe them through a fan filter. In other words, the "leeks" friends around them are much more credible than these people. The "leeks" problem is their level, while these people have a conscience problem.
At 9:30, the ChiNext Index opened low and continued to fall, with Tonghuashun following the same trend; Yinzhijie also gradually fell; as for the Shanghai Composite Index, it remained in a low-level oscillation mode.
"Thursday's metaphysics is well-deserved." Tong Huashun has not increased the volume for the time being, and Gu Junhao does not dare to move.
Normally speaking, in a situation like today's low opening and low closing, clearing the position in the early trading session would be the best option; however, considering that Tonghuashun has not fluctuated much for a week in a row, Gu Junhao did not dare to move, after all, his position was not small.
Just five minutes after the market opened today, Tonghuashun's share price had fallen by 1.13%, and was now priced at 13.60 yuan. If one sold it now, if the volume increased and the price went up, one would have to buy it back; that would increase one's holding cost instead, and would create a reverse T.
With a large position , some pullbacks are sometimes inevitable; if he only had 5,000 shares instead of 5,000 chips, Gu Junhao would definitely clear out the entire position directly. Even if he made a mistake, the cost of remediation would be much lower.
Retail investors have their own flexibility, which is an advantage. If something goes wrong, they can clear their positions with a single click, without having to worry about whether the money can escape.
Of course, for some retail investors who like to trade but whose skills are not very good, this advantage will become a disadvantage; it will only make them a tool to contribute transaction fees to the brokerage firm.
There was an obvious capital outflow from Yinzhijie in the early trading session, with two consecutive sell orders of 1,600 lots. The stock price showed a straight line decline and quickly fell below the 18 yuan level, and only eased to 17.70 yuan.
There is no premium for yesterday's limit-buying traders today, and the large-scale selling by institutions still has a great impact on Yin Zhijie's emotions.
From the previous analysis of Dafu Technology's Dragon and Tiger List, it seems that Guojun's proprietary trading is more mid-term oriented. It will build a large position at a certain position, and then choose to repeatedly do T and maintain the stock price. Then, it will reduce the position to reduce the cost in the rising stage until the final shipment.
But this kind of operation method is definitely not suitable for those who hit the daily limit. Those who hit the daily limit usually make use of the premium market on the next day. After Yinzhijie resumed trading, the expected value was maximized, and there was a sudden good news during yesterday's trading. With such a daily limit, under normal circumstances, there will be a premium market today.
But things are just so abnormal. Yin Zhijie, who had been stuck in bugs continuously, finally couldn't keep running into bugs yesterday. The Dragon and Tiger List also exposed everything, which made it difficult for some people who took over the stocks at the daily limit yesterday, including those who took over Gu Junhao's chips of nearly 6 million yuan.
At ten o'clock, the Shanghai Composite Index continued to fluctuate at a low level, the ChiNext Index fell by 0.5%, and Tonghuashun's decline had reached 2.5%, and it was still testing downward step by step.
"The theme has died down and the short holiday is approaching; it looks like the market will fall a lot today." It has only been half an hour since the market opened and the ChiNext Index has fallen by 0.5%, and there is no sign of recovery. It is inevitable that it will fall further.
Tonghuashun has already fallen by 2.5%. There is no point in selling it now. If it falls further, you can add to your position . However, it is not suitable for trading now. It has only been opened for half an hour. You have to wait and see. Don't be impatient to buy stocks when the price is falling.
At 10:07, a sell order of 2,000 lots by Tong Huashun seemed to scare countless investors in front of the screens. Along with this 2,000 lots, large and small individual orders of nearly 3,000 lots also poured out.
Tonghuashun's share price fell below the 13.40 yuan price when Gu Junhao reduced his holdings at the end of the trading day on the 19th, and continued to decline. At 10:42, a sell order of 4,000 lots appeared on the market again, and the share price was 13.29 yuan, a daily decline of 3.69%.
"There is money in the market." On the trading page, a sell order of 4,000 lots only pushed the stock price down by 2 cents. It seems that the main force has already started to manipulate the market.
However, this situation is still not suitable at present. The available funds in my account are 12.827 million yuan. Based on the current stock price, I can buy about 9,600 lots. When the stock price falls during the trading session, the trading volume is nearly 10,000 lots. When the main force is making the market, it is bound to be discovered.
Let's wait and see in the afternoon. The ChiNext Index has fallen by nearly 1% and the Shanghai Composite Index is also diving. It will be too late to start building positions in the afternoon.
At the midday closing, two consecutive large orders from Tong Huashun fixed the stock price at 13.19 yuan. From 13.29 yuan at the beginning of the 4,000-lot large order to the closing price of 13.19 yuan, the continuous large orders did not bring much drop in the stock price, and the downward trend has been slowed.
The loss was nearly 300,000 at the closing of the morning, but Gu Junhao was relatively happy. For stocks like Tong Huashun and Dong Fang Wealth, it is completely feasible to buy at the bottom when the market plummets as long as there is certainty in the expectations.
It would be better if the stock price could hit the limit down, as it would be more convenient to buy at the limit down. However, as can be seen from the morning trading, the probability of a further sharp drop in the afternoon is not high.
At the beginning of the trading at 1 p.m., a buy order of 771 lots pushed the stock price back to 13.26 yuan, but a subsequent sell order of 692 lots caused Tong Huashun's stock price to fall back to 13.17 yuan.
"That's about it. It should n't be ." First add back yesterday's 5,000 lots, and add the rest tomorrow. Gu Junhao has no intention of staying short during the holidays. The reduction in positions yesterday was just to prevent today's pullback.
The order placement method was the same as yesterday, except that this time it was a buy order, and 5,000 buy orders were placed in batches; after all the buy orders at a price of 13.20 yuan were placed, the available funds in the account were reduced to 6.227 million yuan.
However, of the more than 6 million, Gu Junhao only plans to buy 5 million yuan of the market value, and he will buy this part after he understands it. Gu Junhao plans to transfer the remaining funds out of the account to supplement his working capital; as a celebrity said: "When I was the poorest, I only had 1 million yuan in my account, which made me very anxious."
Gu Junhao also has this worry now. There are only a few hundred thousand yuan in his personal account, and he always feels a little anxious.
Yesterday's reduction in holdings just offset today's decline, which is equivalent to doing a T for the next day, which is not bad. After the operation plan is confirmed, it is easier to watch the market. Throughout the afternoon, Tonghuashun did not continue to fall sharply, and the stock price rebounded after hitting the 13 yuan integer mark.
The opening price of 13.19 yuan in the afternoon was only a 1.46% drop compared to 13 yuan, which was much less than the more than 4% drop in the morning; at the close of three o'clock, Tonghuashun closed at 13.16 yuan, a drop of 4.50%. Gu Junhao's holdings returned to 10,000 lots, with a market value of 13.16 million yuan.
Today, which is the legal day of decline in metaphysics, both markets lived up to expectations and ended in the red. The Shanghai Composite Index fell 0.47% to close at 2040.60 points. The trading volume increased again to 69.47 billion yuan after yesterday.
The ChiNext Index fell 1.85% to close at 1314.21 points, returning to near the five-day line. The trading volume shrank by 3.5 billion yuan compared with yesterday. During this period of market news vacuum, such adjustments are also normal. If it rises too much, it will naturally fall. There is no need to worry too much.
Friday was the last trading day of this month. The two markets opened with different gains today. The Shanghai market continued to open low, the ChiNext Index opened slightly higher, and Tonghuashun opened flat at 13.16 yuan; while Yinzhijie opened again today at 17.71 yuan, down 1.02% from yesterday's closing at 17.89 yuan.
The price of 17.70 yuan was a small high before the daily limit on May 28. A large amount of trading volume was basically concentrated here on that day. After the daily limit, this position also formed a short-term support point for the stock price.
It opened at 17.71 yuan today. If this position is not broken, the adjustment time of Yinzhijie can be shortened accordingly. If this position is broken, it may continue to seek new support points downward, and it may even fill the gap position on the 27th.
There is always a saying in our A-share market that gaps must be filled, so filling the gaps is not a rare thing.
After the official trading started, Tonghuashun briefly turned positive, but the subsequent turn of the ChiNext Index to green also caused Tonghuashun to return to the green again.
When Tong Huashun turned green, Gu Junhao also started to think carefully. He calculated the funds in his account and decided that he could buy 3,850 lots of Tong Huashun at a price of 12.98 yuan. In this way, his holdings would reach 13,850 lots, and his chips would increase again.
“Put it there and give it a try. If you can’t buy it, you can cancel it.” This time he planned to place buy orders for 300 or 400 lots, which would not attract attention but could be executed quickly.
At 9:47, a buy order of 600 lots pushed Tong Huashun's price down to 13 yuan. Just like the abnormal movement of 4,000 lots yesterday, the subsequent scattered orders caused Tong Huashun's stock price to fall rapidly to 12.82 yuan, and Gu Junhao's pending order was also quickly executed.
Red buy and delivery orders appeared in the transactions at the time, scrolling through page after page of the interface, looking quite eye-catching.
Tonghuashun's share price stopped falling after reaching 12.80 yuan at 10:05, and fluctuated between 12.88 yuan and 12.99 yuan for an hour until 11 o'clock. As the sell orders gradually decreased, the share price also rebounded step by step.
During this one hour or so, Gu Junhao's buy order of 3,850 lots was naturally successfully executed. With a high trading volume and a large number of circulating chips, it was very convenient to buy with 5 million yuan of funds.
At 11:22, Tonghuashun closed at 13.16 yuan. One minute later, a buy order of 500 lots pulled it into the red. At midday, Tonghuashun closed at 13.18 yuan.
13.18 yuan was also the lowest price of Tonghuashun in the afternoon. After the afternoon trading started, Tonghuashun remained above the red market. The stock price reached a high of 13.65 yuan and then began to slowly fall back. The amplitude of the whole day was as high as 6.46%.
The amplitude of these two days can be said to be relatively high among recent trading days. Finally, Tonghuashun closed at 13.23 yuan today, up 0.53%, ending the last trading day of May.
In terms of the index, the Shanghai Composite Index continued to close down today, ending the month with a gain of 0.63%. The monthly trading volume was 1.2 trillion yuan, and the monthly line formed a small red cross star K-line. There is nothing much to say, the Shanghai Composite Index continued to maintain its narrow range of oscillations, and the amplitude of the whole month was only 3.45%, which is still torturous.
With this trend, Gu Junhao really doesn't dare to buy Shanghai stocks now. It is impossible for him to remember all the Shanghai stocks. Blue chip stocks are not obviously rising in this round of bull market. If he buys the wrong ones, he may lose money.
Although the ChiNext turned green during today's trading, it ultimately ended up rising by 0.3%. The ChiNext experienced huge fluctuations throughout the month, from above 1,300 points to a low of 1,210.81, and then back above 1,300 points, ending May at 1,318.13 points, up 2.72% for the month.
The index's one-month fluctuation of 10.19% is already quite large. I don't know how many people made money from it, and I don't know how many people sold their shares at a low price.
It is worth mentioning that the closing in May also ended the three consecutive negative trends on the ChiNext monthly line. The closing point of 1318 points also allowed the ChiNext index to regain its footing on the monthly ten-day line. The trend of the ChiNext monthly line is similar to that of a bull stock that has pulled back and stabilized. The trend of the next line is worth looking forward to.
