Chapter 185 Operational Thoughts during the Adjustment Period
Fushun Special Steel returned to the trend line and its trend gradually improved. Ten minutes later, it reached 18 yuan again. The stock price continued to rise and exploded at 11 o'clock in the morning.
A buy order of 15,000 lots on the trading page pushed the share price of Fushun Special Steel to 18.55 yuan, and Fushun Special Steel hit the daily limit!
"Hahaha, I bought the right one, I bought it, it reached the daily limit." Xu Jianqing shouted happily, but this excitement only lasted for a minute.
Fushun Special Steel, which saw a single surge in price, did not receive any closing funds. Instead, large sell orders continued to pour in. A sell order of 8,000 lots pushed the stock price back to 18.50 yuan.
"It's a bit too early to be happy. The pressure is still high and the probability of closing the board is not high." Wang Ruoyu said as he stood behind Xu Jianqing. Among the three, Wang Ruoyu was the most familiar with this kind of stock with large trading volume.
Currently, Fushun Special Steel has a large trading volume. If it wants to maintain the daily limit price, it must have a trading volume of at least 1 billion today. However, from the current point of view, big funds have no intention of following suit and closing the board.
"It's okay. It's the first time it touches the board, so there will be a callback adjustment. If the turnover rate is good, there is still a chance of it closing again." Xu Jianqing replied.
Judging from the current volume, Xu Jianqing also knows that the probability of a quick limit up is not high, but since he is doing short-term trading, who doesn't want to get a limit up?
It was another batch-style medium-term order of less than 500 lots. Fushun Special Steel fell rapidly this time, and the stock price quickly fell above the yellow moving average of the day, and maintained fluctuations around 18 yuan.
The current trend is basically in line with Xu Jianqing's judgment. As to whether it can close the board, it is still unclear for the time being. At the midday close, Fushun Special Steel closed at 18.01 yuan, and its share price rose 6.82%.
After the afternoon trading started, Fushun Special Steel began to fluctuate at a high level with shrinking volume. Xu Jianqing no longer had any hope for a closing price. Throughout the afternoon, Fushun Special Steel fluctuated around the intraday average price.
At the close of trading, it closed at 18.06 yuan, up 7.12%. The trading volume was as high as 838 million yuan, and the turnover rate exceeded 10%. There was a clear divergence of funds throughout the day.
Xu Jianqing was somewhat disappointed that he didn't get a daily limit, but today's profit of nearly 5% was still pretty good.
"It's okay. A 5% profit can basically guarantee that you can run away safely." Wang Ruoyu comforted him. The boss once said that whether you can make money in short-term trading does not depend on how many daily limit boards you can get, but on how to reduce the retracement rate to a minimum.
After keeping an eye on Fushun Special Steel for a whole day, Xu Jianqing just remembered his Yin Zhijie. Yin Zhijie did not fall against the market today, but the trend was still very sluggish, with low trading volume.
This week, both markets achieved a good start thanks to the positive stimulus over the weekend. The Shanghai Composite Index surged 1.38% and returned to above 2,200 points. Heavyweight stocks such as big finance and real estate performed well today.
After opening slightly lower in the morning, the ChiNext Index fluctuated upward throughout the day and finally closed up 1.48% at 1397.78 points, continuing to attack 1400 points.
Unconsciously, the ChiNext Index has rebounded by more than 11% in 12 trading days, from the lowest 1255 points to the current 1397 points, and the K-line chart shows a large deep V trend.
Under the shadow of the Shanghai Composite Index's vigorous performance since July, the ChiNext Index's performance has not been so impressive. However, it was not until today that investors were surprised to find that the biggest gains were still in small and medium-sized enterprises.
Tong Huashun has become the leader of this round of rebound. Tong Huashun, which bottomed out earlier than the index, has seen its share price rebound from around 12.80 yuan to the current 20.93 yuan, an increase of more than 60%, making it undoubtedly the most popular stock in the entire market.
Although Dongfang Wealth, which is in the same sector as Tong Huashun, did not perform as strongly as Tong Huashun, it also achieved a return of nearly 15% in this round of rebound, and unknowingly outperformed the two major indexes.
Strong stocks are strong stocks after all, and each round of rebound is always completed unnoticed.
Compared with frequent stock changes, the concept of making money by continuously performing swing operations in a stock that you are familiar with, has good fundamentals, and a high winning rate is relatively greater.
This is how Li Ze feels now. Although he did not participate in the transaction, most people in the group held positions in Tong Huashun. He watched everyone repeatedly perform swing operations in Tong Huashun. Although there were also operations of cutting losses, overall no one lost money on the Tong Huashun stock.
By repeatedly trading a stock with a high winning rate, the probability of loss is greatly reduced. While satisfying your trading desires, you can also make money. This is probably the greatest truth of stock trading for retail investors.
…
Although the boss is not here, normal trading logs still need to be recorded. This is a necessary daily task, even if there is no transaction all day.
After finishing all the work, the three of them left the trading room. Not seeing the boss in the company, they left work. They were the only three people in the company who had the most flexible time to leave work and could leave whenever they wanted.
But no one envied them. Compared with the normal get off work and rest time of other people, Xu Jianqing and the other two had to go to work at least half an hour earlier than others every day.
This was not a request from Gu Junhao, but a spontaneous decision , because if they came late, they might miss some early market news due to time constraints.
It’s not that Gu Junhao didn’t come to the company today, it’s just that the three of them didn’t meet each other; after lunch, accompanied by Zhang Yiru, Gu Junhao also came back to process a few documents, but he didn’t stay for long before the two left again.
Days passed, deals came one after another, and the next day, it was the same.
Both markets rose sharply yesterday, but today, the performance of the two markets is not so eye-catching. Just like last week's adjustment around the big positive line, the same is true today.
The weighting was shut down and the index was adjusted sideways. Fushun Steel, which surged yesterday, also performed poorly today and opened nearly 1% lower in the public eye.
Xu Jianqing quickly cleared out his Fushun Special Steel position during the call auction. The transaction price was exactly the opening price of 17.89 yuan, with 1,100 lots and a profit of 74,800 yuan.
Compared with yesterday's call auction, today's was much worse, with less than 4,000 lots traded in the call auction, including 1,100 lots from Xu Jianqing.
However, Xu Jianqing has no plans to exchange shares for the time being, and wants to wait and see after the market opens. Fushun Special Steel is still above the 5-day line, and yesterday's sharp rise deviated from the 5-day line by a large margin.
The choice to clear the position in the call auction is only for safety reasons. If Fushun Special Steel can return to the five-day line today and gradually stabilize, we can still continue to do it.
At 9:30, trading officially began. Fushun Special Steel fell rapidly, with the stock price falling by 3% in less than ten minutes. The continuous emergence of large sell orders seemed to foreshadow today's trend.
"Luckily I ran away early, otherwise all my profits would be gone if I had run after the market opened." Looking at Fushun Special Steel's falling price, Xu Jianqing secretly felt lucky.
After clearing out the inventory and having some time, Xu Jianqing also observed the trend of the index, trying to find new opportunities. Although Fushun Special Steel had fallen sharply, it had not yet reached the desired position.
The two markets that surged yesterday both fluctuated narrowly today, and individual stocks have entered a state of adjustment. It does not seem so easy to find new opportunities.
As for the intraday movements, Xu Jianqing decided to give up on them for the time being. He did not do well last week, so he would wait until he learned how to watch the market for a while before making any decisions.
There are no good opportunities. Apart from taking a rest, I can only continue to keep an eye on Fushun Special Steel. It is impossible to take a rest. I have finally got the opportunity to do short-term trading, and I have to do it even if I lose money.
At 10 o'clock, Fushun Special Steel, which had been rising without volume, once again entered a state of large-scale decline, and capital outflow was very obvious. At 10:15, Fushun Special Steel was priced at 17.25 yuan, returning to near yesterday's buying price.
As the price was getting closer and closer to the five-day line, Xu Jianqing regained his spirits. With the stock price fluctuating greatly, it was really good to do intraday arbitrage.
At 10:20, Fushun Special Steel fell sharply to 17.07 yuan, with a daily drop of nearly 6%. If it had not been sold decisively during the call auction stage, it would have been in a loss by now.
"With the huge and rapid drop, the price should be about the end." Xu Jianqing acted quickly and placed an order for 1,200 lots at 17.10 yuan. The remaining 2 million yuan in funds plus the profit was enough.
At the same time as Xu Jianqing's delivery order for 1,200 lots, there were also batch buy orders of less than 500 lots. Yesterday's batch selling and today's batch buying seemed to be done by the same fund.
Due to the advantage of order size, Xu Jianqing's buy order of 1,200 lots was successfully executed. The influx of bottom-fishing funds also made Fushun Special Steel return to the price of 17.25 yuan again.
A large number of batch-type mid-term orders continued to emerge, digesting the power of the short side. After trading sideways for a period of time, Fushun Special Steel ushered in its first intraday increase at 10:45.
The share price of Fushun Special Steel quickly surged to 17.50 yuan, and after oscillating below the yellow moving average of the day for three minutes, it was pulled up again. At 11:15, Fushun Special Steel closed at 17.79 yuan, and the decline narrowed to less than 2%.
During the process of pulling up, in addition to the batch-style medium-term orders, the largest single buy order was 6,500 lots traded at the price of 17.40 yuan. It is obvious that the main funds do not want to launch an offensive today through this kind of split-style buying.
After the correction to 17.79 yuan, the stock price rose again, but it still did not touch the opening price. At this time, the time was already 11:25, and the opening price was still the highest price today.
At 11:30, Fushun Special Steel, which had been fluctuating at a high point, quickly fell back and closed at 17.65 yuan at noon, with a daily decline of 2.32%. The trading volume shrank significantly yesterday morning.
"It's hopeless. It looks like it will fall further in the afternoon. I don't know if I can sell it tomorrow." Xu Jianqing said somewhat depressed. Xu Jianqing could see that the main force had no intention of pushing up the price.
"You're so brave to come in when you're like this today." Wang Ruoyu said in surprise as he passed by Xu Jianqing's desk. Wang Ruoyu and Liu Tingting, who had completed the transaction in the morning, were ready to go to dinner.
"The trend is not bad yet, and I see some investors buying at the bottom, so I thought about trying again. Forget it, let's eat."
