Chapter 181 Shock Adjustment
The essence of trading is to make a profit. Personally, Gu Junhao prefers swing trading, but he is not averse to short-term trading; short-term trading is one of the important means to maintain a sense of the market.
Although high-frequency trading should be avoided as much as possible in stock trading, it does not mean not trading . Not trading for a long time can easily lead to a dull sense of the market. As a big individual investor in his previous life, Gu Junhao would also allocate part of his funds for short-term trading to maintain a sense of the market.
This may sound contradictory, but it is not contradictory.
Gu Junhao also supports Xu Jianqing's desire for short-term trading; Xu Jianqing has certain talents, and if conditions permit, he can naturally support him.
It's not just Xu Jianqing. If Wang Ruoyu and Liu Tingting had the same plan, Gu Junhao would still support them, but these two people are not very interested in short-term trading.
Unlike Xu Jianqing who has a dream of becoming a hot money investor, Wang Ruoyu and Liu Tingting have somewhat different perceptions of the profession of trader from Xu Jianqing, apart from their personality differences.
On August 5, after yesterday's sharp rise in the Shanghai Composite Index, sentiment has cooled down, while the ChiNext Index has risen again today. After a day, the wind direction has changed again.
The two markets rose alternately, and the market trends changed one after another. Big funds were looking for investment directions that suited them, and the same was true for ordinary retail investors. All this was because the market was in a period of confusion.
Although the monetary policy is gradually being relaxed, large-scale influx of funds into the market has not yet occurred. Compared with the stock market, more investors would rather buy houses.
Due to funding issues and differences between bulls and bears on the market, it is inevitable that sectors will be launched in turns. Once the big funds have passed the period of confusion, and moved from differences to unity, and finally determined the main attack direction and sectors, the market will naturally go with the trend.
At present, it seems that the market is still mainly adjusted, and the volatile upward trend is one of the methods used by large institutions. What ordinary small and medium-sized institutions and retail investors have to do is not to focus on day-line trading, which will lead to being thrown off the bus.
Today's Yinzhijie continued to adjust downward with shrinking volume as judged yesterday. In two trading days, Yinzhijie broke through the five-day and ten-day lines, and continued to test the support of the 20-day line.
Dongfang Wealth, Xibu Securities, and Wan'an Technology all performed generally today, with Xibu Securities even closing down 1.18% on the day. Judging from the trend, Xibu Securities should be following the Shanghai Composite Index.
Yesterday's big positive line and today's adjustment seem to have set the tone for this week. The Shanghai Composite Index is adjusting around 2200 points and yesterday's big positive line.
As for individual stocks, weighty sectors such as securities companies should still follow the index. After all, when the market starts to move, even the main funds will not dare to dump the market easily.
There are many smart people. At this time, the one who crashes the market may not be others, but themselves. It is not impossible to wash themselves out. Even if it is Yin Zhijie's adjustment, he dare not expose it too much.
Ever since Yin Zhijie entered a period of volume adjustment, Xu Jianqing, after getting Gu Junhao's permission, happily started short-term trading, immersed in his dream of hot money.
Gu Junhao didn't care about him and wouldn't offer any advice on his stock selection and operations. Compared to long-term holding on, style is very important in short-term trading, and everyone has a different style.
A good style may not necessarily suit you, and a style that looks reckless may not necessarily make you money, but if you want to form your own style, it will take some time.
In fact, the timing that Xu Jianqing chose for short-term trading was not good. The market was in a consolidation period, and small and medium-sized growth stocks and blue chips were switching back and forth. If the stock price rose today, it might quickly enter a period of adjustment tomorrow.
But no matter what, it is better than the previous bear market downturn, especially in terms of trading volume. If it was between 2012 and 2013, Xu Jianqing's 2 million yuan of funds might have often become a regular on the Dragon and Tiger list.
The overall market trend was as Gu Junhao had judged. This round of adjustment was very short. The ChiNext Index only fell to around 1321 points and rebounded quickly after stopping at the 20-day line.
A long positive candlestick that runs through the 20-day line, 60-day line and 5-day line pulled the ChiNext Index back into a bullish state, but the subsequent adjustment also officially began.
After a week of trading, the ChiNext Index gained momentum in the latter part, with big surges on Tuesday and Friday. The index fluctuated higher and finally returned above 1370 points to 1377.44 points, with a weekly increase of 3.82%.
The Shanghai Composite Index fought fiercely around 2,200 points on Thursday, but ultimately failed to hold it. Financial stocks fell sharply, with heavyweight sectors such as securities, banks, and coal leading the decline .
The Shanghai Composite Index eventually fell below 2200 points, closing at 2194.42 points, but still rose 0.42% for the week, marking four consecutive positive weeks.
The three major indexes have no intention of accelerating and have officially entered a state of shock consolidation. The four stocks among Junshi No. 1's holdings have also entered a state of adjustment, trying to repair last Friday's negative line.
The one that adjusted the best is Wan'an Technology. This week, Wan'an Technology adjusted around the negative line of last Friday and formed four extremely small positive lines. This Friday, Wan'an Technology accelerated its adjustment.
Wan'an Technology, which had unusual movements in the call auction on Friday morning, saw a rapid increase in trading volume in the morning, opened high and continued to rise. At 9:52, the stock price surged to 12.80 yuan, with the highest intraday increase of more than 8%.
Although the stock price fell back in the afternoon, Wan'an Technology finally ended this week's trading at a price of 12.36 yuan, with a daily increase of 4.57% and a weekly increase of 5.82%.
Judging from the K-line chart, Wan'an Technology, which had a large volume breakthrough, had a large positive candle with a bare upper shadow on Friday, which looked very much like the trend of an immortal pointing the way.
After nearly three months of repeated bottoming out and rising after the ex-rights period, the first round of chip collection by the main funds seems to have been nearly completed. Gu Junhao also did a small T today, increasing his holdings of Wan'an Technology to 9,600 lots.
Another stock that Gu Junhao is familiar with, Dongfang Fortune, also fluctuated higher this week, gradually emerging from the short-selling shadow. Dongfang Fortune also soared this week, with its share price returning above 11 yuan to 11.19 yuan, up 8.33% for the week.
The other two holdings entered a state of deep consolidation. Xibu Securities was dragged down by the big financial sector and fell continuously on Thursday and Friday, and finally ended the week with a gain of only 1.64%.
The adjustment of Yinzhijie was even more severe. In five days of trading, Yinzhijie closed with five consecutive negative lines, and fell 4.26% for the week. Such a result was also beyond Gu Junhao's expectations.
"We still underestimated the greed of capital." Gu Junhao couldn't help but sigh during Friday's post-market analysis. After the ChiNext Index continued to rise, it fell for five consecutive days in a week. It was bound to clean out the retail investors before letting go.
"Boss, do you think it's possible that it has something to do with the fact that we have too many chips?" Xu Jianqing suddenly said. He had been obsessed with short-term trading these past few days and didn't make much, but he didn't lose much either, which was not bad.
"You're having some unrealistic fantasies. How many chips do we have?" Liu Tingting glanced at Xu Jianqing and said. The two of them were in the same boat this week. Their stock performance was not good.
Calculated based on today's closing price of 16.85 yuan, the fund currently holds 8,400 lots of Yinzhijie, with a total market value of 14.154 million yuan. With only more than 14 million chips, it is not enough for the main funds to hold on to them.
"It shouldn't be the case. Most likely he is just trying to collect more chips." Gu Sihao thought for a while and replied. When Yin Zhijie first started building his position, Xu Jianqing's approach was more unrestrained.
It is normal for the main funds to discover such unrestrained techniques and transactions worth over tens of millions, especially the last time Xu Jianqing violently carried out T operations the next day, when he sold a total of 4,000 chips.
With the funds flowing in and out, it is not impossible that the controlling funds discover unusual movements and want to drive all the funds out. However, this kind of continuous adjustment, especially when the trading volume is low, is not a means to deal with funds exceeding 5 million.
Trading volume is sluggish, and it is difficult to sell funds exceeding 5 million quickly in a short period of time, unless the market is smashed; if you want to wash out such chips, you can only do so by quickly pulling up or quickly smashing the market.
Regardless of the intention of the main capital, it seems that if Yinzhijie wants to end the adjustment, it will take a long time. At least there should be no changes before the announcement date, which means there is still nearly half a month left.
"It will most likely be adjusted to around the end of the month, so you can continue with your short-term trading." After finishing the analysis, Gu Junhao said to Xu Jianqing with a smile.
After half a month, almost two weeks of trading time, it is unknown how much progress Xu Jianqing can make. However, judging from this week, Xu Jianqing still has a long way to go before he can pursue his goal of becoming a hot money investor.
"Haha, really? Thank you so much, boss. I must get a daily limit next week!" Xu Jianqing became excited again and said while waving his fist.
"So what if you hit the daily limit? Your current level is not much different from that of ordinary retail investors. It's just that you have the advantage of the channel in the trading room." Gu Junhao curled his lips, causing Wang Ruoyu and Liu Tingting to laugh.
Gu Junhao scoffed at Xu Jianqing's short-term stock selection. He believed that the best short-term stocks in the market right now were of course newly listed stocks. However, in four days, Xu Jianqing had never touched any newly listed stocks.
In his words, this kind of stocks that have been listed for several consecutive days have too much volatility. If you are not careful, you may hit the limit down, so you dare not buy them. You are afraid of hitting the limit down when doing short-term trading. It is really laughable to tell others about it.
Liu Tingting described his behavior as a giant in thought but a dwarf in action.
Perhaps influenced by Gu Junhao's sharp tongue, everyone in Junshi Fund's trading team is very sharp, even the usually taciturn Wang Ruoyu has become like that.
After four days of trading, Xu Jianqing was hurt badly by the two men. Fortunately, Xu Jianqing was thick-skinned and his mentality was not affected at all. Moreover, the boss allowed him to continue trading. No matter what, he had to get a daily limit next week to prove himself.
"Just wait, I'm going to avenge my previous humiliation next week."
"Hahaha." The trading room was filled with a cheerful atmosphere.
