Chapter 121: The Rookies’ First Experience
What does a good trader need to do every day? What is the job content of a trader?
As the name suggests, a trader is a trader, not a stock researcher, and does not need to select stocks. Most trading teams have dedicated researchers to select stocks, investment managers to confirm, and traders to execute.
Due to the limited size of Junshi Capital, Gu Junhao is currently responsible for research, stock selection and confirmation, and he even plays the role of a trader.
As for how to understand the work of a trader, a simple example can be used to illustrate. For example, a stock rises from 5 yuan to 10 yuan. The 5 yuan profit has nothing to do with the trader. This is the credit of the investment manager, Gu Junhao, because he was the one who selected the stock and ultimately confirmed the purchase.
But when a stock rises from 5 yuan to 10 yuan, there will definitely be large fluctuations in the process. The trader finally makes a profit of 8 yuan in the process. Then the extra 3 yuan profit is the credit of the traders, namely Xu Jianqing and three others, and is an excess profit.
The reward and punishment mechanism formulated by Gu Junhao is based on the main range of 3 yuan. Therefore, for Xu Jianqing and the other two, the most important task is to maximize the profits of the funds through various methods such as stock trading and intraday T.
Xu Jianqing did not need to select stocks, he only needed to trade; however, Gu Junhao still gave him an amount of 2 million and let him make his own stock selection decisions, which actually also meant to train him in the direction of an investment manager.
It was precisely for this reason that Xu Jianqing was so excited. Apart from his own dream of becoming a hot money investor, this was equivalent to Gu Junhao's affirmation of his abilities, and his chances of promotion were greater than those of the other two.
If the investment manager is the brain and the researchers are the heart of a team, then the traders are the hands and feet; the leap from a trader to an investment manager is undoubtedly a huge temptation for any trader.
In fact, this kind of class transition is very difficult, especially for college graduates like Xu Jianqing and others who have little background. Only in a start-up company like Junshi Capital, which is unable to attract more outstanding talents, can there be such a rare opportunity.
At this time, the three people in the trading room had already passed the stage where Gu Junhao had messed up their mentality; among the three, Wang Ruoyu was the most relaxed, just staring at the computer screen without doing any operation.
The second is Liu Tingting. Due to the small trading volume, she is relatively relaxed. She will buy chips worth 100,000 yuan or hundreds of thousands of yuan from time to time, and there are not many transactions during the day.
The busiest person is Xu Jianqing. In addition to keeping an eye on Yin Zhijie's intraday chart, he also needs to keep an eye on the Shanghai Composite Index, Shenzhen Component Index and ChiNext Index, the transaction details of some individual stocks, etc., to capture unusual movements of large funds.
In fact, generally speaking, unless there is an emergency or someone like the three of them who are trading on their first day, traders are not that busy, and the actual trading frequency may even be much lower than that of ordinary retail investors.
For example, Wang Ruoyu did not have to make any transactions this morning; while some retail investors had already completed multiple portfolio adjustments and stock swaps in this morning, and they were able to make a lot of money by T trading.
However, in the case of buying at the end of trading like Wang Ruoyu, it is actually more often necessary to discuss with Gu Junhao, the investment manager. Buying at the end of trading allows for greater flexibility in the next day's trading.
However, Gu Junhao is relatively decentralized in terms of operations to the three people. Stock selection is their own business, and the transactions are completed by the three people. He will not interfere with them too much as long as they can meet his requirements.
The work of Xu Jianqing, Wang Ruoyu, and Liu Tingting is not as hard as everyone imagines, but it is definitely not easy, and the pressure of this job is still very high;
Most of the pressure comes from whether excess returns can be achieved. If a trader's returns are always lower than the stock price increase, he will soon be eliminated. Employees who cannot bring benefits to the boss will not be retained.
"Take a break, take a break; I'm so tired." Xu Jianqing shouted as soon as the market closed at noon.
"Are you so tired?" Wang Ruoyu said with a smile.
"You're talking nonsense. Today is my first day in business. To be honest, I'm still quite nervous. The boss is also trying to adjust our mentality."
"Haha, I think it's okay."
"Come on, forget it. You are working for Dongfang Wealth. You have been working on this stock for almost a month. If you didn't want to relax, you should have left long ago."
"Why don't we talk to the boss and switch?"
"What are you thinking about? This is the opportunity given to me by the boss. You two rookies should also work hard and strive to have such an opportunity as well."
"You are the rookie. You are just taking shortcuts and having good luck." Liu Tingting said unconvinced.
"Xiao Xu is right. We should indeed work harder. In fact, the boss has been very good to us and has given us a lot of autonomy. I also believe that our company will become bigger and bigger. By then, we will be veteran traders or even investment managers."
Wang Ruoyu said to the two of them seriously, "If we can't even seize this opportunity, then we will really be financial migrant workers for the rest of our lives. I believe no one wants this ."
Wang Ruoyu's words also made the two of them silent. Who would be willing to be a financial migrant worker for a lifetime? Thinking about it, the boss was really good to the three of them. No boss would just throw out tens of millions of yuan and let a rookie operate it without doing anything.
"You're right. This time we must repay the boss's trust with excess returns. But you still can't call me Xiao Xu. Please call me Team Leader Xu!" Although Xu Jianqing agreed with Wang Ruoyu's words, he still retorted stubbornly.
"Okay, Team Leader Xu, let's eat." Wang Ruoyu said casually.
"Well, the boss is good in everything except that he provides too much meat in the meals every day, and he doesn't even consider us girls." Liu Tingting couldn't help but sigh as she looked at the huge amount of fish and meat on the coffee table.
"You really can't blame the boss for this. I think the boss just wanted everyone to eat better. If you have any opinions, go talk to Manager Liu from the Administration Department, or talk to Assistant Li." Wang Ruoyu explained.
"What's wrong with having fish and meat? You're so short, eat more and grow taller." Xu Jianqing continued to be venomous: "Besides, if you work hard to make excess returns, you can be a wealthy woman at least. Look at how thin you are now, you don't look like a wealthy woman at all."
"It's a pity that you only have a big mouth."
"Haha, Tingting is right. Xiao Xu, you should change your ways. How are you going to find a girlfriend in the future?"
"Then don't worry, I will definitely be very rich in the future and won't have any trouble finding a girlfriend."
"Well, it seems so." Wang Ruoyu said speechlessly.
"I'm done eating, you guys eat." Liu Tingting looked at Xu Jianqing speechlessly.
"That's perfect. I'm hungry. Brother Wang, if you're full, go and have a rest. These are all mine."
The operation room of Junshi Capital is not luxuriously decorated, but it is equivalent to a small apartment and has all the functions you could expect; the money spent on decoration is also the largest in the entire Junshi Capital.
Along with the normal work area, the operation room also has a conference room with a living room nature. In addition to meetings, several people have lunch here. There are also two small lounges. Xu Jianqing and Wang Ruoyu share one, and Liu Tingting has one alone.
Normally, if Gu Junhao needs to stay here for a day, he will rest for a while on the sofa in the living room, but so far Gu Junhao has not stayed here for a whole day.
The afternoon trading session began. Wang Ruoyu and Liu Tingting continued with their morning pace, but Xu Jianqing changed his mind.
Although Xu Jianqing hoped to be like the hot money, he was not stupid. In today's one-sided downward trend, although some stocks performed well, he had no real trading experience after all and could not act rashly.
After the morning volatility, Yinzhijie's stock price has been freed from the influence of the index; from 10:50 to 11:15, it even briefly turned positive.
Although Yinzhijie returned to the green at the close of the morning, with the stock price at 16.27 yuan, it was still running above the yellow moving average, and the 100 lots of my trial position were also in a profitable state.
"Who says that short-term trading must be done at the limit? Yin Zhijie has the opportunity now, and I can also do short-term trading."
It has to be said that Xu Jianqing has a very high level of comprehension. Although he had interned at a securities firm before, he had no experience in trading. These were all things he learned from mock trading at school and his daily work.
At the beginning of the afternoon trading, taking advantage of the stock price being in the red and the possible trading volume, Xu Jianqing quickly bought 1,900 lots of Yin Zhijie in batches at around 16.30 yuan.
In this way, he bought a total of 2,000 lots of Yinzhijie today, with an average cost of 16.295 yuan, spending a total of 3.259 million yuan, which accounted for more than one-third of his available funds.
One third of the total funds were consumed in one day. It has to be said that Xu Jianqing's operation was quite sharp. It was only 1:15 p.m. at this time; the afternoon trading was only in the past 15 minutes, and the ChiNext Index was still falling.
"The feeling of trading real money is just different." With more than 3 million yuan in funds deposited, Xu Jianqing didn't dare to move anything. There was still nearly half an hour in the afternoon. If he continued to buy and something unexpected happened, he would be doomed.
However, the excitement of buying real money is really incomparable to the simulation trading, especially when you can mobilize such a large amount of funds for the first transaction, it seems as if the whole person's blood is boiling.
At 1:30, Yinzhijie turned red again, with the stock price at 16.53 yuan, exceeding the opening price . Yinzhijie opened at 16.52 yuan today, opening high and opening low, and fell to a low of 16.04 yuan.
Xu Jianqing was even more excited about Yin Zhijie's comeback, but fortunately he restrained himself from continuing to buy at a high price.
At one point just now, Xu Jianqing even wanted to go all in, but fortunately he remembered what the boss often said: "When you can't restrain yourself from buying and go all in, wait; when you feel scared and want to sell at a loss, wait."
"Take it slow, don't be in a hurry, there are plenty of opportunities to make money." Looking at Yin Zhijie's progress step by step, Xu Jianqing comforted himself in this way.
