Chapter 201: August Ends
The index and individual stocks were falling at an accelerated rate, and everyone in the trading room was busy. Compared with the operations of the other two people, Wang Ruoyu had gained a lot of advantages today.
Dongfang Wealth has been fluctuating around the 10-day line and the daily average price of 12.60 yuan. Although the range of fluctuation is small, the trading volume has not shrunk much.
From time to time, there are buy and sell orders of around a thousand lots on the trading market, and orders of 300 or 500 lots are countless, which makes it very convenient to build a position.
At the midday close, the ChiNext Index closed at 1403.84 points, down 1.67%. While the index was approaching the 20-day line, it was not far from the integer point of 1400.
The Shanghai Composite Index was not much better. The market-supporting forces were extinguished and it also joined the downward trend. At noon, it finally closed at the lowest point of the day, just like the ChiNext Index.
"How about buying in the morning?" Gu Junhao asked Liu Tingting and Wang Ruoyu during lunch.
"I bought half of the position. Today's trading volume is pretty good. There should be no problem buying it out in the afternoon." Wang Ruoyu responded first.
Liu Tingting then replied: "I bought all of them yesterday and this morning, which was not bad. I bought a total of 5,800 lots in three days."
Liu Tingting's answer made Gu Junhao calculate in his mind. Today, his holdings in Western Securities, which were fully invested again, reached 12,800 lots. This month's T operation increased his holdings by 800 lots, which was really good.
Calculated based on the midday closing price, these 800 chips are equivalent to a market value of more than 900,000 yuan. This is the profit Liu Tingting created this month.
Compared to her annual salary, one month's income is enough to get by.
It is still possible to let mature and qualified traders do T within the day. Gu Junhao didn't know how other people's funds were operated, he just operated it in the way he could think of.
Running a company is currently Gu Junhao’s weakness. He will try to communicate with peers when he has the chance to see how other people run their companies.
In the afternoon, trading continued; the index continued its downward journey. At 13:45, the Shanghai Composite Index fell below 220 points and the ChiNext Index fell below 1400 points.
The decline of the ChiNext has widened to around 2%, and the Shanghai Composite Index has also fallen by more than 0.5%. The sharp drop in the index has caused even greater losses to individual stocks.
More than half of the stocks on the market fell by more than 3%, and among fund accounts, Dongfang Wealth continued to lead the decline. Over the four trading days, the depth of Dongfang Wealth's correction and the magnitude of its volatility were no less than those of Tonghuashun.
On Black Thursday, both markets ended the day with a sharp drop. The Shanghai Composite Index closed at 2195.82 points, down 0.62%, falling below 2200 points.
Unlike the Shanghai Composite Index which almost closed with a bare negative line, the ChiNext Index fell below 1,400 points during the session but eventually recovered, closing at 1,403.80 points, with the decline narrowed to 1.18%.
Today was a miserable day for both Junshi No. 1 Fund and personal holdings; Tonghuashun in my personal account fell 1.33%, while the performance of Junshi No. 1's four holdings was very bad.
The declines from low to high were Xibu Securities down 0.77%, Yinzhijie down 2.59%, Dongfang Wealth down 2.96%, and Wan'an Technology down 5%.
The trading volume of Wan'an Technology, which plunged 5% today, also increased to 42.43 million yuan, which is nearly 10 million yuan more than the usual volume of over 30 million yuan.
The cleansing was relatively successful. It took almost no effort and the retail investors dumped the stocks on their own. Today's large volume was clearly the behavior of retail investors.
"Is the position full?" Gu Junhao asked Wang Ruoyu after the market closed. The Dongfang Wealth on the ten-day line was definitely an opportunity.
"Yes, they are all full. The current position is 13,400 lots." Wang Ruoyu replied.
This T can be considered very large. Dongfang Wealth has fallen by more than 15% from its highest point this week to today's closing price, and Wang Ruoyu reduced his holdings due to the large drop near the high point.
To date, there is still more than 10% room for growth, which can be said to be very good; the only regrettable thing today is Wan'an Technology, which suffered a 5% drop.
Fortunately, Wan'an Technology has the lowest market value among the stocks held, and holdings of several other stocks have also been reduced. But even so, Junshi No. 1's retracement today was as high as more than 2%.
A retracement of more than 2% within one day is relatively rare for Junshi No. 1, but who can blame it on the small and medium-sized start-ups that suffered the most today?
Junshi No. 1, which is almost fully invested, naturally cannot avoid such a high-standard drawdown rate, especially since the stocks held by Junshi No. 1 are all small and medium-sized start-ups.
Today's operation plan was completed smoothly, and Gu Junhao was quite satisfied after the market closed; if stock operations can strictly implement the operation plan, they are already half successful.
In fact, the reason why most people suffer losses is, to a large extent, that they are unable to achieve the unity of knowledge and action. For example, when they feel that the market or the individual stocks they hold are risky, they tend to have illusions.
This is the problem that most people face when trading stocks, especially for some short-term investors who like to chase high prices. Chasing high prices on the first trading day is not ideal.
Often at this time, he may have sensed the danger, and the next day's trading was as he expected, but he was always reluctant to cut his losses, which led to more losses.
It is August 29th, this week, which is also the last trading day of the month. It is also the time for the fund business to be released at the end of the month. On this day, Gu Junhao arrived at the trading room as scheduled.
The fund has been officially operating for nearly a quarter. During this quarter, Gu Junhao's mood has become more and more calm from the anxiety at the beginning of the opening.
This can be seen from the fact that Gu Junhao has recently been frequently absent from the fund's intraday trading.
Although I have memories and confidence in stock investment, it is normal to feel anxious; after all, this is my first formal business venture, and the social skills and workload are incomparable to my previous self.
In the trading room, there were only Wang Ruoyu and Liu Tingting. Xu Jianqing was not seen. This made Gu Junhao a little curious. Since the official trading, he rarely saw Xu Jianqing not coming so late.
When it was almost nine o'clock, Xu Jianqing hurried into the trading room. When he saw Gu Junhao, he greeted him a little embarrassedly, "Good morning, boss."
The reason why Xu Jianqing was late was very simple. He had too much fun playing games last night and slept too late, which resulted in him oversleeping in the morning.
Seeing Xu Jianqing's sleepy look, Gu Junhao, who was originally curious about why he was late, no longer needed to ask any more questions. However, since Xu Jianqing started short-term trading, his trading intensity was indeed much higher than that of Wang Ruoyu and Liu Tingting.
Gu Junhao, who doesn't play games, didn't expect that Xu Jianqing went to bed too late because of playing games. He thought he didn't get enough rest because of the heavy trading volume recently.
It was almost 9:15, and it was too late to attend the pre-market meeting. Gu Junhao waved his hand and let Xu Jianqing return to his workstation.
"Boss, Xibu Securities has changed its sponsor." Liu Tingting said to Gu Junhao. This was the announcement last night.
"It's okay, let's change the plan." Gu Junhao responded. In fact, after learning the news in the morning, Gu Junhao finally understood why Xibu Securities, which had already entered the formal additional issuance procedure, had not received a reply from the China Securities Regulatory Commission.
There is no need to worry about the securities companies' additional issuance. As a state-owned enterprise, A shares have an obligation to help them raise funds. This is the original intention of the establishment of A shares.
But I always felt it was a bit strange that there was no response for a long time; now I know the reason.
At 9:25, the call auction ended. Affected by the overnight foreign market, the three major indexes opened higher this morning and were not affected by yesterday's sharp drop.
In terms of individual stocks, Dongfang Wealth, Tonghuashun and Wan'an Technology still opened slightly lower, while Xibu Securities and Yinzhijie both opened slightly higher following the index.
At 9:30, after the start of trading, the ChiNext Index opened high and continued to rise, fluctuating upward, while the Shanghai Composite Index also rushed higher in the early trading session and quickly returned to above the 2200 mark, and then chose to adjust sideways.
The sentiment of individual stocks has rebounded significantly compared to yesterday. Dongfang Fortune and Tonghuashun, which opened low, fluctuated upward like the index.
"Today's performance is okay, but the trading volume is too small." Today, Gu Junhao is still watching Tong Huashun and Dongfang Wealth. As for Wan'an Technology, there is no need to pay too much attention to it given the small trading volume.
Tonghuashun finally stopped going against the market today. Just like Dongfang Fortune, Tonghuashun, which opened low, also fluctuated higher as the index rose.
However, judging from the trading volume, trading in both markets was sluggish this morning. Dongfang Wealth, whose trading volume has increased significantly recently, has not seen any large orders of more than 2,000 lots in the morning trading so far.
"Xiao Wang bought in at the right time yesterday. It would be much more difficult to buy again today." Gu Junhao smiled as he looked at the trading quotation . It seemed that today's market was going to stop falling and stabilize.
Compared with the activity in yesterday's early trading, it would be much more difficult to open a position in today's early trading.
At 9:38, as the ChiNext Index rose by nearly 0.3%, two index-related stocks, Tong Huashun and Dongfang Wealth, also turned positive.
The ChiNext Index is currently standing firmly on the 20-day line, and the decline of Dongfang Wealth has also stopped at the 10-day line. Everything is just as Gu Junhao expected, perfect.
Wang Ruoyu also admired the boss's judgment. The boss had said before that Dongfang Wealth could wait a few days before making any decisions. Unexpectedly, even with the big drop yesterday, the boss still dared to buy the bottom with a full position.
"Boss, how did you determine that the index stopped falling and rebounded today?" Wang Ruoyu asked.
“There is no need to judge. Currently, both ChiNext and Dongfang Wealth are in a bullish trend; and the rebound in a bullish trend is often much faster.
If you look at the Shanghai Composite Index, it is also in a bullish trend. This week, the three major indexes have basically fallen for four consecutive days.
The four-day decline is already a deep adjustment for the index and individual stocks in the bullish trend. The deep adjustment is facing a new support point, so it is natural to buy at the bottom. "
In summary, with the in-depth adjustment of the market and individual stocks, it is completely fine to buy at a certain support level, and the small-volume rebound after today's sharp drop is a manifestation of the bottom.
Of course, this also depends on the recent sharp drop in trading volume. Take the Shanghai Composite Index as an example. In the past four days, the trading volume has been maintained at around 130 billion on two days and around 100 billion on two days.
It is basically the same as the previous volume. There is no obvious decline in volume. There is no increase in volume at high levels, so it is temporarily safe.
Among individual stocks, Dongfang Wealth had the smallest decline, which was also reflected in the trading volume, falling from 1.85 billion yuan on the first trading day to 534 million yuan yesterday.
Within a trading day, even if there is a big rise, this kind of large volume is dangerous, and whether subsequent funds can keep up is obviously a problem.
A stock with a good performance should have a moderate increase in volume, like Tong Huashun, from tens of millions to around 100 million, and then slowly to 200 million or 300 million.
This is also the reason why Tonghuashun has been rebounding for two months. Even when encountering adjustments in the market, its performance is stronger than most individual stocks.
Dongfang Wealth was in a hurry to release a huge amount of volume within one day. This was the second time he did this. The last time was in June, when the transaction volume reached more than 900 million in one day.
This also led to the very sluggish performance of Dongfang Wealth for a long period of time afterwards, until it broke; however, today is different from the past. When it broke, Gu Junhao dared to buy at the bottom, and he still dares to do so now.
Dongfang Wealth is so confident. To a certain extent, how good the fund performance can be has a lot to do with the operations of Dongfang Wealth.
The most volatile half hour from 9:30 to 10 o'clock is also the most important half hour for determining the trend of the index and an individual stock; during this half hour, both the index and individual stocks perform well.
The Shanghai Composite Index has stabilized at 2,200, and the ChiNext Index is also gradually rising. Among the basic holdings, the only surprising one today is Yinzhijie.
Yinzhijie, which hit the daily limit on Monday, surged at the end of Tuesday's trading. In the following two trading days, Yinzhijie remained in a downward trend.
Today, when everyone was rebounding, Yinzhijie opened high and closed low, and currently remains in the red. It is one of the few stocks on the ChiNext that did not close in the green.
Xu Jianqing asked Gu Junhao about Yin Zhijie's operating ideas today. Gu Junhao took a look and found that Yin Zhijie's trend was exactly the same as Dongfang Wealth's trend after the previous limit-up.
The only difference is that Dongfang Fortune rebounded today, while Yinzhijie did not. However, this is understandable. After all, Dongfang Fortune has a large trading volume and is more likely to attract big funds.
Yinzhijie has less than 100 million yuan of funds every day, and with the help of hot money, few large institutions are interested in the current Yinzhijie, so it is natural to continue to adjust in a shrinking volume.
"Whether it can hold the 10-day line firmly is the key. You don't need to trade today. The trading volume is too small." Gu Junhao said after taking a look.
In fact, there is no need for everyone to trade today as the current fund is fully invested. With today's collective shrinking market, there is no need to do T.
Thinking of this, Gu Junhao also added: "Ruoyu and Tingting don't have to trade today, but you can't leave work early."
"Haha, boss, you're afraid that we'll run away again. Don't worry, there's no car to pick us up today." Xu Jianqing continued.
"Hasn't your car been picked up yet?"
"Mine won't arrive until Sunday, so it's useless if I go today."
"If you ask me, you should have saved some money for a down payment. But the car is already bought. It's more convenient to have a car when you go out to play."
Gu Junhao brought up the issue of buying a house again, which made Wang Ruoyu take it seriously.
"Boss, do you think house prices will continue to rise?" In fact, from the beginning of the year to now, real estate companies have gradually emerged from the shadow of last year's cash shortage. Coupled with the loose monetary policy environment, housing prices have already increased slightly compared to the end of last year.
"I can't say for small cities, but for first-tier cities and second-tier cities like Ningbo with better economic environments, housing prices will definitely rise. If you want to buy, do it as soon as possible."
"Indeed, my mother said last time that the price of houses seemed to have increased a bit." Liu Tingting also nodded. She had no worries about buying a house. Gu Junhao said this to Wang Ruoyu and Xu Jianqing.
"Um, I remember that the boss bought his house last year. Doesn't that mean that the boss's house has also been sold out?" Xu Jianqing suddenly said.
Many people know that Gu Junhao bought a house. It was mentioned in Taogu Bar before.
"It's about right. However, the price in Ningbo hasn't increased that much at the moment. You should prepare early. I estimate that in one or two years, the price won't be the same as it is now." Gu Junhao said with a smile.
As far as Beicang is concerned, Gu Junhao feels that housing prices will only see a significant increase after 2020, as they have been doing quite well before that.
However, the average housing prices in Zhejiang Province are relatively high. Even in a small county, the housing prices are very high. It is relatively difficult for outsiders to buy a house in this era.
However, if Xu Jianqing and Wang Ruoyu make reasonable plans based on their salary levels, it will not be a problem for them to buy a house.
"Okay, then I'll listen to the boss and go back to discuss it with my parents." Wang Ruoyu nodded solemnly. Xu Jianqing's words just now reminded him.
The boss was able to buy houses at the lowest price, which shows that he was very accurate in judging the trend of housing prices. You have to know that the boss didn't have much money at that time.
"Boss, do you want to buy another one?" Xu Jianqing still had no feeling. He had no interest in houses.
"I want to buy it too, but I don't have the money." Gu Junhao shrugged.
"Boss, you still don't have money?" Xu Jianqing said with his eyes wide open.
"If I buy something else, I'll buy a villa. Of course I don't have money." Gu Junhao's words caused the three people to roll their eyes. It's true that people's pursuits are different.
"Okay, I'm sorry for talking too much..." After a while, Xu Jianqing replied.
"Come on, work hard. Whether I, the boss, can live in the villa depends on you. Haha." The speechless behavior of the three people did not make Gu Junhao let them go. He still wanted to stab them in the heart.
The three people who were hurt by the boss lost interest in chatting, but they remembered the boss's remarks about buying a house. Even Xu Jianqing, who never cared about houses, felt it at this time.
"If I had a house, I wouldn't be bullied so hard by the boss." I also have what others have. Although it may not be as good as others, I am not particularly envious.
After stopping the chat, Gu Junhao returned to watching the market. Today's trend was generally stable. For example, Wan'an Technology fell below 12 yuan in the early trading.
However, it quickly pulled up again in a short period of time and is still in the red market. Except for Yinzhijie, the four supporting stocks all performed well.
At the midday close, the ChiNext Index rose 0.84% and the Shanghai Composite Index also performed well. It should not be a problem for both markets to close in the green on the last trading day of August.
After the corrective rise in the morning, trading in the afternoon was much more active than in the morning, and the trading volume of the index and individual stocks also increased compared with the morning.
No matter what the market conditions are, as long as the money-making effect emerges, it is easy to attract reinvestment of funds. Capital and retail investors seek profits, which is an unchanging truth of the stock market.
What Gu Junhao has to do now is to try his best to buy in before everyone else and wait for the entry of big funds. This is also Junshi Capital’s current operating strategy for the fund.
The current amount of funds cannot affect the overall market, but if capital accumulation reaches a certain level, coupled with the increase in popularity and fame, then this operating strategy may not work.
At 15:00, the full-day trading ended. Today, the three major indexes all turned positive, and the overall performance was a shrinking upward pattern. The Shanghai Composite Index closed at 2217.20 points, up 0.97%, and the trading volume fell to 93.04 billion yuan.
The ChiNext Index closed at 1424.47 points, up 1.47%. While standing firm on the 20-day line, it re-established itself on the 5-day moving average. A positive line seems to indicate a bright future.
Throughout August, the ChiNext Index also performed well, surging by 5.94%, recovering the cross negative line in July on the monthly line.
Of the five holdings operated by Gu Junhao, except for Xibu Securities which fell by 1.60% this month, the rest all realized an increase. Even the falling Xibu Securities was able to make a profit through several T-trading and increasing and decreasing positions.
Although Dongfang Wealth fell 4.53% this week, it still led the fund's holdings in returns with a monthly yield of 21.11%. In the end, the price for this month was fixed at 12.85 yuan.
After experiencing negative news in the annual report, Yinzhijie benefited from the power of a daily limit and finally recorded a yield of 5.95% this month. However, Yinzhijie is still in a downward trend today.
Wan'an Technology's trading volume today was only 1,674 yuan, falling to the bottom. After a month of adjustment, Wan'an Technology rose 1.73% today, and Wan'an Technology's full-month return was also 1.73%.
There are far fewer coincidences in the stock market. The profit on the last day of a month is the final profit for the entire month. The strength of the main funds in controlling the market has reached an abnormal level in recent times.
"Boss, if we smash Wan'an Technology, will the main capital of this stock have a headache for a while?"
At the closing analysis meeting, when Xu Jianqing heard Gu Junhao's analysis of Wan'an Technology's trend, he suddenly said. His question surprised Gu Junhao.
Gu Junhao was also thinking about this possibility in his heart at this time. You know, Wan'an Technology has not had a single transaction this month and is completely in a locked position.
If I really messed around with it, for example, I started to reduce my positions at the beginning of the high-level fluctuation, and then bought them back in the last few trading days of this week, I don't know if the situation now will occur.
