Chapter 152: A Good Start
The first call auction in July continued the rebound in June and both markets opened higher; the Shanghai Composite Index opened at 2051.12 points and the ChiNext opened at 1405.44 points.
Among the stocks held, Dafu Technology moved unusually, opening at 38.60 yuan, up 3.76%; Hailanxin opened at 17.20 yuan, up 1.53%.
Except for Dongfang Fortune, which opened one cent higher, the rest opened lower, even Yin Zhijie, which hit the daily limit in the previous trading day.
Yin Zhijie suits his style. The trend of this stock reminded Gu Junhao of Huanxu Shares, a stock in the Apple industry chain that he had invested in for a long time in his previous life.
Huanxu shares have killed countless hot money. After each daily limit, several stocks have to be adjusted, and hot money has to cut losses or barely maintain cost to exit. Gu Junhao has been trading in this stock since he left Wan'an Technology.
The market was not good in those years, and Gu Junhao was not very fond of short-term trading. For stocks like Huanxu Shares that oscillated in a box, the share price always remained in the range of 10 to 12 yuan. Occasionally, it would fall below 10 yuan, but it would come back after a while.
That period of time can be regarded as Gu Junhao's training time. Gu Junhao took advantage of this kind of small-band fluctuation from the end of 2016 to April 2019 before he cleared his position and made a lot of money.
That period was really torturous and happy. For stocks that oscillate in the bottom box, although the space is not large, the loss will not be very high. It is the best way to cultivate patience. Apart from the initial discomfort, Gu Junhao can always find ways to make profits within his box.
Every time he was not greedy, he would make a profit of 5% to 10%, or when the stock price reached around 12 yuan, he would exit and wait patiently for the next opportunity. It was this experience that calmed Gu Junhao's heart and was of great help in holding on to the bull stocks in the later period.
What is very interesting is that during that period Gu Junhao had a friend who was very fond of short-term trading, but he would often suffer losses in short-term trading. Every time he lost a lot, he would come and follow Gu Junhao to trade in Huanxu Holdings, and then go back to short-term trading after making a profit.
This way of playing seemed very strange to Gu Junhao, but there was no other way, he just wanted to do short-term trading, even if it meant losing money; he played like this for a year, although he didn't make any money, he didn't lose much either. After that, he often joked that Huanxu Co., Ltd. was his savior.
"Boss, we've been lucky in the last few days, with good news coming one after another. Today it's Dafu Technology's turn." The huge surge in the past two days made Xu Jianqing feel a little unreal.
Even a stock that a short-term boss casually builds a position in can encounter good news, and it is an aspect that the company is personally involved in. It is speechless to see the secretary of the board of directors release good news on the investor platform.
"Don't take it lightly. This kind of collective good news is often a sign of capital withdrawal. Just look at the trend of Dongfang Wealth and you will know."
If the stocks held in Junshi No. 1 Fund are compared to the overall market, then Dongfang Wealth is the unique blue chip stock in Gu Junhao's mind. If Dongfang Wealth performs poorly, others need to be wary.
"Well, I know that good news will eventually lead to bad news. But Yin Zhijie is really a weirdo. It had such a strong daily limit yesterday, but today it didn't even open higher."
"Take your time. The call auction volume is OK and the market is light. You can try to do T. Don't worry about Dafu Technology. Just wait for the right time to clear the position."
Trading started at 9:30. Gu Junhao first focused on Hailanxin, which opened higher. As soon as Hailanxin opened, a huge amount of chips were exchanged, with a large order of 10,755 lots sold at 17.20 yuan and a large order of 12,600 lots bought at 17.35.
The exchange of 20 million chips at the opening also meant that his day was unusual. In the following three minutes, Hailanxin received a continuous stream of buy and sell orders of more than 1,000 hands, and the stock price continued to rise.
"This is a case of pulling and running at the same time." Gu Junhao said while staring at the trading quotation, but he did not rule out the possibility of hot money changing hands.
Although the stock price has been rising and the opening price is the real-time lowest price, judging from the delivery note, more funds have flowed out.
At 9:35, Hailanxin's stock price was 17.70 yuan, with an increase of nearly 5%. It broke through the previous high of 17.69 yuan without any hindrance, and released all the trapped chips in the previous period.
Another five minutes passed, and the time came to 9:40. Gu Junhao looked at the trading board and suddenly laughed: "These retail investors really only care about food and not punishment. They come in again."
During these five minutes, HaiLanXin's price remained between 17.69 yuan and 17.75 yuan, with a trading volume of nearly 30,000 lots. There were many large orders of more than 1,000 lots on the sell side, while on the buy side, there were mostly small orders of about 200 to 100 lots.
Apart from a part of split orders, needless to say, these scattered orders are filled with a large number of retail investors. Gu Junhao shook his head as he watched. This kind of hot money game, with individual stocks with extremely high turnover rates and no impressive fundamentals, retail investors rushing in are simply asking for trouble.
For stocks with such extreme volatility, even if they rise sharply for several days in a row, there will always be people who sell their stocks at a loss, simply because the intraday fluctuations are too great and the average person's psychological ability cannot withstand it.
At 9:42, the same method occurred again, with large orders placed and small orders pulled up, and the price of Hailanxin stock rushed to 17.96 yuan. At this time, the trading volume had begun to weaken.
But small buy orders are still coming in continuously. Buy orders of dozens of lots have never been seen before, but now they appear, indicating that smaller retail investors can no longer help but enter the market to participate, and chips have officially begun to be distributed.
Of course, this kind of distribution cannot happen in one day. As a retail investor, if you want to participate in it and make some money, you have to think about whether you have the ability to snatch food from the tiger's mouth, whether you can follow the short-term operation rules, and stop profits and losses at a certain level.
At 9:46, there was no need for large orders. 1,500 lots pushed the price of HaiLanXin up from 18.02 yuan to 18.27 yuan. Two minutes later, a buy order of 5,282 lots directly pushed the price of HaiLanXin up to 18.63 yuan.
Gu Junhao did not hesitate to place a limit down order at this time and checked his 2,700-lot position. Along with him, there was also a large sell order of 5,990 lots, followed by another sell order of 4,961 lots, and several sell orders of 1,000 lots.
Gu Junhao calculated that, including his own holdings, he had fled with a total amount of nearly 40 million yuan at the price of 18.63 yuan. He invested less than 10 million yuan, but ended up losing 30 million yuan.
With such a large amount of capital outflow and no relay of funds to block the limit, Hailanxin stayed on the daily limit for only one minute before it was quickly opened, and the stock price went straight to 18.47 yuan.
After HaiLanXin was delisted, there was another round of large orders fleeing. At this time, retail investors had not yet realized what was happening. Gu Junhao saw on the market that the smallest buy order was 9 lots, or 900 shares, with a transaction price of 18.25 yuan, a total of no more than 20,000 yuan.
Perhaps the 20,000 yuan is all the funds of a certain retail investor, and the stock price is still falling. By ten o'clock, Hailanxin had fallen below 18 yuan, closing at 17.86 yuan.
This kind of trend is unlikely to close today. It is destined to rise and then fall. Anyway, I have already cleared my position and there is no need to worry about it anymore.
As for the buy order for 900 shares just now, if I am lucky, I will have a chance to escape tomorrow. If I am unlucky or I fail to seize the escape opportunity, I will definitely be stuck for a while again.
Or maybe during this period of time, he couldn't help but sell his shares at a loss, or maybe he would sell his shares out of fear after the market opens tomorrow. This is the fate of most retail investors.
Gu Junhao doesn't want to be a saint. If he were the main force and controlled Hailanxin, he would operate in the same way and reap the benefits of retail investors. The capital market is cruel.
After clearing out the HaiLanXin position, the account again recovered more than 5 million yuan of funds, 2 million yuan was allocated to Liu Tingting, and there was 3 million yuan left. Today, Wan'an Technology has returned to its previous model.
The trading volume shrank again, and the price fell to 9.92 yuan in the morning. With 3 million yuan of funds still in hand, Gu Junhao thought about it and decided to place the order at 10 yuan. Of course, the 3,000 lots had to be placed separately.
Wan'an Technology's trading volume is too small. Even if it falls again, it is impossible for me to build a position near 9.2 yuan. Since it has already gone out of the upward trend, it is very reasonable to add positions at the price of 10 yuan.
Moreover, after yesterday's large trading volume, Wan'an Technology's trading volume has declined today, but it is still higher than before. A higher trading volume is more beneficial for building a position.
At most, the problem of trading volume will repeat for a while. Anyway, I don’t plan to do T, and I can’t do it with this kind of trading volume. Liu Tingting tried it several times during the week before.
The largest transaction was only 100 lots, and in the end I saw that I lost some money, so I gave up.
After placing the order, the funds in the sub-account operated by Gu Junhao returned to a few hundred yuan again. The 5 million yuan was gone in an instant. This way of spending money was much faster than spending it on wine and women.
The price is 10 yuan, and under normal circumstances all transactions should be completed today. In this way, I will own 9,000 lots of Wan'an Technology, and the holding cost will be 9 million yuan.
"Not bad, not bad. I'm back to where the dream began." However, this dream is much more magnified than that of the previous life.
I completed today's transaction in half an hour, and it was another all-in behavior. This is probably the impression I give to people now, especially Xu Jianqing and the other three.
Today's key position monitoring is Yin Zhijie. Compared , Hai Lanxin is really nothing. Gu Junhao also turned his attention to Yin Zhijie.
Yinzhijie opened low, and after half an hour of low-level fluctuations, the stock price has now risen to the flat price again, and the trend is gradually improving.
Relying on his boldness, Xu Jianqing bought 1,400 lots of Yinzhijie at the price of 17 yuan, waiting for T. Yinzhijie opened at the lowest point of 16.82 yuan in the early trading and stopped the decline just above the 20-day line.
"Sure, you're quite brave." Gu Junhao said to Xu Jianqing while looking at Yin Zhijie's position of 7,000 lots. He had already completed the operation and came behind Xu Jianqing without knowing when.
"Wow, boss, you scared me." Xu Jianqing, who was watching the market, glanced at Gu Junhao and then continued, "I saw that the stock price stopped falling this morning, so I gave it a try. Anyway, the profit is high, so I'm not afraid. Boss, have you finished the operation?"
"Well, the operation is done. How do you know that he has stopped falling?"
“I saw that the 20-day line was stable, and the style of this stock was not as exaggerated as Hailanxin, so I tried to increase my position during its recovery.
Of course, if I make a wrong judgment, I will quickly stop the loss, or even sell more. "
At this time, Yin Zhijie had stabilized and turned red, and Xu Jianqing also relaxed. The rest of the time was nothing more than waiting for the stock to rise and looking for a better price to sell out.
"Boss, how do you operate Hailanxin?" Xu Jianqing also had time, so he pulled up the intraday chart of Hailanxin and took a look.
"Cleared out. Remember, if you choose stocks in the future, even if it is for short-term, try to avoid stocks where hot money is concentrated and the actual controllers have continuously reduced their holdings."
This type of ticket has a high level of capital participation in the short term, so there is indeed nothing wrong with it, but you can't guarantee that it will fail at any time, so it is better not to touch it if you have investors' money.
Since you are working in a private equity fund, you must have some professional ethics. There is nothing you can do about it before. Just clear out your position when you find an opportunity, no matter what happens next.
"Okay, I get it. Next time when I do short-term trading, I will try not to do the one-day market. Holding a position for a month is also short-term for us."
"Yes, that's the truth. We can't control what others do, but we still have to do our best and be responsible for ourselves and our investors. Only in this way can you survive longer in this industry."
After chatting with Xu Jianqing for a while, Gu Junhao looked at the operations of Wang Ruoyu and Liu Tingting again. Liu Tingting was still buying tirelessly and she had not yet used up her remaining funds.
Speaking of which, Liu Tingting is really patient. She always buys at a price of 10.70 yuan. She won't buy even if the price goes up by a cent. Of course it would be better if the price goes down.
With millions of funds, this weird way of buying is really unbearable for Gu Junhao. You can see it by looking at the fact that he directly put all the shares of Wan'an Technology at the price of 10 yuan. He is too lazy to buy slowly even at a lower price.
Wang Ruoyu did not make any operations today. Dongfang Wealth opened high and closed low, with an amplitude of less than 20 cents. Although the volume was still shrinking, the trading volume was far different from that of Xibu Securities and Wan'an Technology. However, as the space was too small, Wang Ruoyu was unable to make any moves and simply did not trade.
Just like that, at 11 o'clock, Xu Jianqing suddenly shouted, "Wow, Dafu Technology has reached its daily limit, with 20,000 buy orders, and the board has been closed. There are 500 million funds on the board."
"Don't stare at him, your Yin Zhijie has also moved." At the same time at 11 o'clock, Yin Zhijie also began to move up abnormally and was discovered by Gu Junhao.
Ten minutes later, Yinzhijie rushed to 18 yuan, with an increase of more than 4% and a volatility of more than 6%; after consolidating at the 18 yuan integer mark for ten minutes, Yinzhijie rose again in the late morning trading, and the stock price was 18.37 yuan at the close of the market, a huge increase of 6.14%.
Xu Jianqing bought 1,400 lots in the early trading session, earning a profit of more than 8%, with a spread of 190,000 yuan. This intraday T trade was very good.
