Chapter 131 The Essence of Transaction
When the market closed at three o'clock and Wang Ruoyu completed his last transaction, Junshi No. 1 Fund also officially ended its first week of position building.
Today's index can be described as very powerful. Both market indices opened low and ended high, both setting new highs since the rebound, sweeping away the sluggish trend of the previous trading day.
"Okay, everyone come and report your performance this week. I'll go first." Gu Junhao looked at the three of them with some pride and said, "This week's return is 22.58%, and the book profit is 2.2575 million yuan."
At the end of the afternoon, Hailanxin rose from the red to a closing price of 17.15 yuan, up 0.29%. The market value of 500 lots of holdings was 857,500 yuan. The trend in the afternoon was exactly the same as , with the same high-rise and fall pattern, and the volume further shrank when it rose. However, Hailanxin's trading volume for the whole day also reached 581 million yuan, with a turnover rate of 21.10%.
Although Hailanxin barely closed in the green today, Gu Junhao does not think that its performance will be very good next week. After this week's sharp rise to today, Hailanxin's profit-taking funds have an obvious desire to flee, and a considerable amount of funds have flowed out today.
With a profit of 2.2575 million, as long as the three of them keep breaking even, the rate of return this week will be as high as 5.64%, a very good result. In the bull market of 2015, individual stocks generally rose, and the net value of most funds was on the rise.
But before that, the stock market went through a period of repeated fluctuations in 2014. If the fund's net value only starts to soar when the bull market comes, it will be difficult to convince people of your trading skills. How to maintain a steady growth in net value during this period of 2014 is your top priority.
Under the sluggish situation of small and medium-sized enterprises this week, we were able to achieve such returns and outperform the CSI 300 Index. This is an explanation to investors. Otherwise, people might question the analysis in the email I sent to investors.
"Wow, boss, you are so cruel. But you are just lucky. Our stocks have not fluctuated much this week." Xu Jianqing said unconvinced.
"That can't be helped. Luck is also an important part of stock trading. Before we opened a position, the performance of Hailanxin and Yinzhijie was not much different."
Many times you are optimistic about a stock, but you cannot predict when it will start to move; some people will think that it will take some time for it to start and choose to leave the market temporarily, but when they sell their stocks, the stock trend will start immediately.
Some people happened to buy during this period and thus obtained excess returns. On one hand, they stamped their feet and beat their chests, on the other hand, they laughed out loud. There was also an element of luck in this, not to mention some people who needed money urgently and were forced to sell their stocks before the launch.
"Let me start by saying that Dongfang Wealth opened a position of 4,000 lots this week. The current cost is 11.02 yuan. Today, Dongfang Wealth closed at 11.56 yuan, with a yield of 4.90%." Wang Ruoyu saw that Xu Jianqing wanted to say something, so he took the lead in telling him about his own earnings to stop him from talking on.
Gu Junhao looked at Dongfang Wealth's weekly K-line this week, which fell by 1.87%, and the weekly amplitude was only 8.57%. Wang Ruoyu was able to achieve a 4.90% return rate and a profit of 216,000 yuan in such an environment, which was already quite impressive.
It seems that it was the right decision to hand over Dongfang Wealth to him for management. With such a high profit, he can establish a position of more than 4 million, which provides sufficient space for next week on the premise that Dongfang Wealth has sufficient trading volume.
"It's amazing that Xiao Wang can create such a lot of profits in such a small space. He's making rapid progress." Gu Junhao not only looks at the final profits of the three people, but also their delivery notes. He also asks them to record their daily trading logs and recall their analysis when placing orders.
"You two should come and take a look at the order that Ruoyu opened on the first day. This one was very well done and it was this one that laid the foundation."
This Monday, Dongfang Fortune fell unilaterally, falling to a low of 11.20 yuan. Wang Ruoyu seized the only opportunity for a decline in less than 15 minutes at the end of the trading day to complete his position building, and his action was quick, accurate, ruthless and steady.
"Ruoyu, tell us how you felt at that time and teach these two rookies a lesson." Gu Junhao said to Wang Ruoyu with a smile.
Xu Jianqing himself was not clear about his specific earnings, but Yin Zhijie's performance this week was not good and the trading volume was not high. In addition, he was in a bad state again today. I think his earnings this week will not exceed Wang Ruoyu's. As for Liu Tingting, she has been holding 70,000 shares in a bad state for two consecutive days, so she cannot be compared with Wang Ruoyu.
"It's not that exaggerated. I have done simulated trading at Dongfang Wealth for a period of time, so I am quite familiar with it. The trading volume is also very good. It is still possible to find opportunities at the end of the trading day when there is a strange one-sided decline." Wang Ruoyu felt a little embarrassed for praising him.
It is easier said than done; not everyone can dare to buy at the bottom when the market is falling.
Putting aside some ordinary investors who make blind guesses, if you want to accurately buy at the bottom , you must be very familiar with the fundamentals, stock characteristics and trading volume of a stock. Wang Ruoyu has done a good job in this regard.
"If you do well, you do well. Don't be modest. Just keep this attitude. That's why I asked you to write a diary every day. When you make a mistake, you can take out the diary and look at it."
"Okay, let's see how our Team Leader Xu is doing." After reading Wang Ruoyu's delivery note, Gu Junhao called up the sub-account managed by Xu Jianqing.
Yinzhijie's performance this week was better than Dongfang Wealth and second only to Hailanxin; Yinzhijie rose 2.68% this week, ultimately reaching 16.84 yuan.
However, the amplitude range is only 7.56%, and the weekly trading volume is only 317 million yuan, with an average daily trading volume of only 63 million yuan.
In terms of trading volume, Yinzhijie cannot be compared with Dongfang Wealth, which also brings certain difficulties to building a position.
"Well, not bad. There are 2,000 lots, and the cost is not high." With a holding of 2,000 lots and a closing price of 16.84 yuan, the market value is 3.368 million yuan; the profit from the cost of 16.20 yuan also reached 3.95%, which is considered to be up to standard.
Afterwards, Gu Junhao looked at his delivery notes for this week. Xu Jianqing's delivery notes were obviously much messier than Wang Ruoyu's. There were transactions in all time periods, and there were also several reverse Ts. He was able to maintain this profit under such circumstances, which showed that he was really talented.
Some of the transactions were done in a hurry, without considering the trading volume and turnover rate at all.
"Come, come and see for yourself. Do you want me to call Gu Manyi and send you a banner?"
"There are five big words written on it for you: a securities firm worker!" Gu Junhao looked at Xu Jianqing with dissatisfaction. Although he made money in the end, this kind of messy handwriting and high-frequency trading was obviously not advisable.
Xu Jianqing felt a little embarrassed by Gu Junhao's criticism, but he also realized from his previous trading log that he was too impatient, so he simply decided not to trade today.
"I'm sorry, sir; I won't do that again."
“You haven’t let me down. If we only look at performance, I shouldn’t criticize you. I should even praise you. But have you ever thought about why Yin Zhijie rose 2.68% this week while you only made less than 4% return?
If Ruoyu can still make a profit of nearly 5 points when Dongfang Wealth has dropped by nearly 2 points, you should think about it carefully. "
Xu Jianqing is the most talented among the three, but his personality is also the most eccentric. When he does well, he is like a flash of inspiration, but when he does poorly, he is just like an ordinary leeks. If he can learn the calmness of Wang Ruoyu, his future will be promising.
With Yinzhijie rising throughout the week, he only earned less than 50,000 yuan through such high-frequency trading, which is totally disproportionate to the money and time spent. He might as well just lie down and do nothing.
You have to know that the amount is more than 3 million. If he makes one more mistake, he may suffer losses .
"Okay, Boss. I'll reduce the number of transactions from now on."
Although it was the first time that Xu Jianqing was seriously criticized by his boss, he did not feel wronged. It was also the first time for Xiao Wang to trade in real money, and his performance was even better than that in the simulation. Although Tingting did not build many positions, she remained stable and decisively chose not to trade when there was no opportunity. This was much better than his own.
“It’s not about reducing the number of transactions, but about thinking carefully before trading. A qualified trader must stay calm and not be confused by the time-sharing chart.”
"Learn more, be calmer during the next trading session, and remember what I said before." Gu Junhao continued, "Okay, this won't happen again. I'll let you pass this time, but if you do this again next time, I'll deduct your performance."
For the first time operating in real money, if there are some unsatisfactory aspects, it is enough to just give verbal criticism. The rewards that are due should still be given, and people’s self-confidence should not be undermined. After all, working hard every day is just for these few rewards.
The boss let him off and did not deduct his performance bonus; Xu Jianqing also breathed a sigh of relief.
Then Gu Junhao looked at Liu Tingting's sub-account again. In fact, there was nothing to see. Gu Junhao knew everything: 70,000 shares held, a cost of 10.90 yuan, and a closing price of 11.02 yuan, which was exactly the same as the trend this week.
However, Gu Junhao still gave her some comments: "There is nothing to say about Tingting's operation. If you can't find a good buying or selling point for the transaction target, just give up decisively. This is correct. Don't trade blindly like some people."
"Hahaha." Liu Tingting couldn't help laughing. If it were an older trader, they might not be able to stand the boss's sharp tongue.
The daily fluctuation of Xibu Securities this week was less than 2 points, and the daily trading volume was only about 40 million. There is no way to deal with this kind of stock that has not fallen sharply and has no trading volume except to wait, so Gu Junhao would not say anything about Liu Tingting's poor performance on Thursday and Friday.
Wang Ruoyu made a profit of 216,000 yuan this week, and Xu Jianqing made 128,000 yuan. Including his own and Liu Tingting's, the net value of the fund this week was 1.062, perfectly outperforming the Shanghai and Shenzhen 300 Index. The total position at the end of the period also dropped to 24%, so there is no need to worry about the new stocks sucking blood next week.
"Okay, let's stop here for today. Overall, everyone has performed well this week, including Xiao Xu. This is your first time trading in real money, so it's great to be able to achieve such a good result."
Gu Junhao continued, "You won't get your performance commission until next month, but I'll give each of you a 1,000 yuan red envelope. Go have a nice meal this weekend."
Junshi Capital pays salaries on the 15th of the following month. Originally, Gu Junhao wanted to set the payday on the 10th, but considering that the calculation of the fund business department's performance commission was more complicated, it was postponed for five days. Although there are only three people in the fund business department now, it does not mean that it will be like this in the future.
In fact, there should be four people. Unlike most founders, Gu Junhao did not pay himself only one yuan salary. Instead, he put himself in the perspective of a fund manager and paid himself a normal salary. In addition, he calculated the basic final performance commission income. He made money openly and there was no need to avoid taxes.
However, Gu Junhao did not need to calculate the performance commission income from traders like the trio, so it would be a bit too much for him to take more of this money.
As he spoke, Gu Junhao took out three red envelopes from his pocket. These were prepared before he went to work today. They would be given to the three people regardless of their final performance. It was considered an encouragement for their first real trading.
The young people just fell for the idea of giving a sweet date after a beating; after getting the bright red envelopes, the three of them were so happy that they couldn't stop smiling.
