Chapter 17: Big intraday rebound
Trading continued. As time went by, after hitting bottom for the second time, the ChiNext Index pulled up little by little. By two o'clock, the index had a relatively large rebound.
On the market, some popular stocks in the early stage began to attract bargain-hunting funds, and heavyweight stocks rebounded one after another. Dongfang Wealth turned positive, and Tonghuashun was also pulling up little by little . The index began to move upward under the leadership of individual stocks.
However, at this time, Wangsu Technology went against the market and started to decline.
"Is this going to be a second bottoming out? Another wash?" This main force is really cunning, Gu Junhao thought to himself.
But for Gu Junhao, all this is no longer important. He has already gone all in and has no money to add to his position. What he has to do is to buy the target of his choice at a price he deems appropriate.
The trend can be used as a reference, but you can't be too superstitious. You need to combine it with actual market analysis. The ChiNext has begun to rebound, and the early adjustments of Wangsu Technology have been sufficient. It would be a pity to sell it at this time, which is equivalent to selling at the bottom.
I don’t know if anyone followed up on the post I posted today. If so, they should be scolding me right now when I’m writing this article.
At 2:30, after Wangsu Technology completed its second bottoming out, it finally welcomed bottom-fishing funds. The stock price slowly rose step by step to 65.20 yuan. In the following half hour, even if there was a correction, it did not break the previous low point.
At the close of the market at three o'clock, Wangsu Technology closed at 65.70 yuan, with a turnover of 272 million yuan today, a drop of 3.08%. The stock price finally stood above the yellow moving average of the day and held the 20-day line.
As for the ChiNext Index, it saw a relatively large rebound in the late trading. Although it did not close in the green for the whole day, it also closed with a long lower shadow. It finally closed at 1261.68 points while holding the 1200-point integer mark and holding the 60-day lifeline, which is a good state.
"Today's profit is more than 2 points, more than 9,000 yuan, not bad." It is almost 380,000 yuan, and it seems that there is still hope of doubling it this month.
After the market closed, looking at the profit chart of his holdings, Gu Junhao was quite satisfied. The goal of doubling his profit in one month was basically no problem. He would try to reach 500,000 yuan as soon as possible. Then he could raise funds and accumulate funds faster, so that he could reap more profits in the bull market of 2015.
The rebound in the afternoon made the market boil. Although it did not close in the green in the end, such a long lower shadow line also gave the off-market wait-and-see funds greater confidence. Countless investors who stuck to the ChiNext also breathed a sigh of relief after seeing this golden needle bottoming out.
Investors who could not resist the fear and sold their stocks in the early trading session or during the trading session were afraid to buy them back when the market rebounded at the end of the trading day. Now they could only sigh helplessly.
As for some investors who bought at the bottom, they were feeling elated and extremely excited at the moment.
Market sentiment is so extreme that in such a volatile environment, some people are happy and some are frustrated. The delivery chart released by Gu Junhao in the afternoon also caused heated discussions in a small circle in Taogu Bar.
After nearly a month, Gu Junhao's continued stable profitability has made some investors who follow the post believe in his strength, especially the last liquidation, which perfectly avoided the correction of the ChiNext.
Although this bottom-fishing behavior was not enough to gain the trust of most people, there were still some people who followed his operation, tried to buy tentatively, and made a small profit at the close.
"Brother T is awesome. He avoided the decline perfectly. He made a small profit by buying at the bottom this time. It should be no problem for him to double his money this month, right?"
"It shouldn't be a big problem. As long as it gets a little more popular tomorrow, Brother T will have 380,000. That's doubled in a month. I admire you."
"Today's Jinzhen bottomed out, and it should continue tomorrow. There is a high probability that the ChiNext will close in the green tomorrow. Wangsu Technology should not be bad either, and it will not be a problem for it to double."
"This month, there were a few fewer trading days, but Brother T was able to double his money. If he keeps doing this, there's hope that he'll reach 1 million this year."
"Hey, I followed the lead. Although I didn't buy much and my cost was a bit higher than Brother T's, I still made a profit of one dollar per share at the close."
"The guy above is really sneaky, haha, but I also bought 500 shares, just to try and see what Brother T's ability is like."
"I bought it on the day when Brother T cleared out his inventory. I almost sold it today, but when I saw Brother T went in again, I just held back..."
"The guy above, why don't you add more positions? You can also do a T."
"Hey, I don't have any money. I bought on the first day and added to my position on the second day. Now the cost is 70. I asked Brother T what to do, but he didn't reply to my private message."
Seeing this, Gu Junhao smiled helplessly. There were actually people who followed suit on the day of liquidation? The cost was high enough, and it was a full-position all-in, which was also impressive.
After thinking for a while , he replied: "Hold it, you can make a profit. If you don't know how to do T, then hold it. When you make a profit, you can decide whether to sell it. The expectation for Wangsu Technology remains unchanged."
The logic of Wangsu Technology has not changed, and it is still seen above 100 yuan. Saying this is also a kind of boost to the confidence of holders. As for what price can be obtained and how much money can be earned, this is a matter of personal psychological endurance.
Most investors, especially those who often have time to watch the market, are easily affected by intraday fluctuations. Often the opening price is green, or a small drop after an intraday rise can scare investors and cause them to hand over their chips.
This is what the leeks often say, they feel safe when they are stuck, but they feel nervous when the price goes up.
The root cause lies in the problem of understanding stocks. People do not understand the logic behind the stock's rise, and psychological factors lead to not being able to reap most of the profits.
After browsing Taogu Bar for a while, Gu Junhao also browsed social media for a while to see the reactions of the big Vs. As expected, the ChiNext Index hit the bottom, which made these big Vs active again and they started to sing bullish songs.
"It's all hindsight. You can't trust a single word these people say."
Unlike most people's optimism, although Gu Junhao also thinks that this should be the bottom of the ChiNext in the near future, it is not possible to directly start a rebound.
As the chips of ChiNext loosen, the 1200 point level will definitely experience fluctuations. In addition, as the end of the year is approaching, most of the stocks on ChiNext have seen significant gains. Some institutions and funds have the need to adjust their portfolios and exchange stocks.
Coupled with the money shortage throughout the whole year, neither the main market nor the ChiNext will have an especially good time near the end of the year. The ChiNext should experience a second bottom and fluctuate within this box for a period of time before it is possible to start a rebound.
