Chapter 205: Thursday Curse
After three consecutive trading days of sharp rise, the market ushered in Thursday, September 4th; with the collision of the two, it is very exciting to see whether the index will continue to rise or the Thursday curse will prevail.
The surge in the stock market has made countless investors smile, and even made them more motivated to go to work; however, they still have to slack off, and it seems reasonable to check the stock market during work hours.
On Thursday morning, Gu Junhao entered the trading room on time, just like the previous trading days. Inside the trading room, the three of them were already checking their emails.
This week, in addition to stocks, Gu Junhao also made some reforms to his working methods. The information previously collected by the market intelligence department was printed out by Xu Yan, classified and then passed to Gu Junhao through Li Xinyu.
The market intelligence department comes into contact with a relatively complex group of people, and Xu Yan is the only one who organizes the information into categories. In the long run, Gu Junhao's operational thinking will inevitably be affected.
This can be seen from the messages Xu Yan has recently conveyed. In addition to normal financial reports and corporate research, Xu Yan will also report to Gu Junhao some information he thinks is useful based on his own preferences.
As time goes by, Gu Junhao's operational thinking will inevitably be affected. Although he already has a holding plan for the first fund, he cannot guarantee the next fund.
In view of this, Gu Junhao re-planned his working method so that Xu Yan did not have to categorize the information, but instead sent all the collected information to his own email address and then copied it to Li Xinyu.
Gu Junhao naturally did not have so much time to read a large amount of information, and Li Xinyu, as Gu Junhao's personal assistant, became a good tool at this time.
By providing her with some of the data she needs, Li Xinyu can sort it out and summarize it, and then send it to her own email separately. This not only saves time but also maximizes independent thinking.
Gu Junhao would also select some materials that he thought would be helpful to Xu Jianqing and the other two in their operations and forward them to them; this way, they could achieve paperless office.
Gu Junhao did not seem very excited about the big surge in the three trading days. This was due to the fact that he was used to the ups and downs of the stock market, and also because the performance of Junshi No. 1 stock was average.
Seeing that the three were busy, Gu Junhao had no intention of interrupting them. The unilateral rise of the stock market had become less important for the pre-market meeting.
Today is Thursday, and the market conditions will be revealed at the opening. At 9:15, the call auction began, and the capital market remained enthusiastic.
During the call auction, heavyweight stocks moved frequently.
"Looking at the situation, they are preparing to make a big move again today." The unusual movement in the market also attracted Gu Junhao's attention. It would be unfair to say that the big rise in the three trading days this week was only due to a certain company and other factors over the weekend.
Gu Junhao didn't believe this. He thought that behind the big funds, there must be some insider information that ordinary investors and small institutions like his were not aware of.
The news that can be seen by the market is just what we want you to see.
At 9:25, the two markets ended the matching in the call auction phase, and the Shanghai Composite Index finally opened at 2301.70 points, the Shenzhen Component Index opened at 8141.39 points, and the ChiNext Index opened at 1478.33 points.
This month, and for the fourth time this week, the three major indexes jumped higher at the open, with the Shanghai Composite Index opening directly above 2,300 points.
The last time the Shanghai Composite Index was at 2,300 points was on June 3, 2013; on June 4, the Shanghai Composite Index fell below 2,300 points, and then fell all the way to around 1,850 points.
After a lapse of 15 months, the Shanghai Composite Index once again reached above 2,300 points, and market sentiment was boiling.
One positive line changes the belief. The Shanghai Composite Index jumps upward after three consecutive positive lines. At this time, there is no need for experts to come out and shout about the bull market.
Ordinary investors with short positions have begun to enter the market spontaneously, and previous talks about cutting losses and exiting the stock market have been forgotten.
Dongfang Fortune, which had opened low for two consecutive trading days, finally opened high today, with the share price at 13.58 yuan; at the same time, the other four supporting stocks also opened high.
"It seems that today, Thursday, is a little unusual. " Xu Jianqing said, staring at the big screen.
The vast majority of stocks in the two markets were in the green, which did not feel like a Thursday, a statutory day of decline. The market sentiment was simply too hot.
Gu Junhao casually flipped through the major stock trading areas and found that the number of posts was more than in the previous trading days, which also showed that the investment sentiment was heating up.
Retail investors' investment sentiment is high. It depends on how the big funds in the market will choose, whether to open high and go higher, or the market will adjust accordingly. However, it is conceivable that the volatility of the three major indexes will increase a lot today.
A few minutes later, official trading began. With the pressure of 2,300 points and the demand for some funds to reduce their positions, the Shanghai Composite Index and the Shenzhen Component Index both fell.
Just over 10 seconds into trading, the Shanghai Composite Index fell below 2,300 points to 2,290.02. The adjustment was much greater than in the previous three trading days.
“It opened high and ended low. I just don’t know if it will make up for the gap and continue to go up like in the past few days, or will it reach its peak now.” Gu Junhao smiled as he looked at the market index.
Unlike the local bull market structure that began after the stock market crash in 2015 , the market has not expanded significantly; the stock index during this period is still very important for reference of individual stocks.
At 9:32, the three major indexes all turned green, with the Shanghai Composite Index approaching 2286 points, while the ChiNext Index opened high and ended high, now reaching around 1470 points.
Dongfang Fortune did not rise as quickly as the ChiNext at the opening. With average trading volume, the stock price quickly turned green, and its trend was the same as that of the Shanghai Composite Index.
Looking at today's situation, Dongfang Wealth has no intention of rising and seems to have made up its mind to adjust along the five-day line.
Although the five stocks held by the company all opened high today like the index, the rapid decline of the index also affected them. At 9:32, the Shanghai Composite Index turned green.
Junshi No. 1 and Tonghuashun holdings all turned green. The stock with the largest drop was Yinzhijie, which was close to 20 yuan, closing at 20.01 yuan, with a share price down 1.75%.
The sharp drop of Yin Zhijie naturally attracted the attention of Xu Jianqing and Gu Junhao. Gu Junhao observed through the trading quotation that the volume of Yin Zhijie's downward trend was extremely scarce.
"The decline is shrinking, don't panic, just wait and see." Gu Junhao said to Xu Jianqing.
During the same period, the Shanghai Composite Index fell below 2,300 points and also did not increase in trading volume; as long as it is not a large-scale decline, it is a normal adjustment, and today's market does not seem as bad as imagined.
At 9:35, Yinzhijie fell below 20 yuan to 19.90 yuan, with the decline widening to 2.31%. It was only 0.15 yuan away from the five-day line price of 19.75 yuan. The trading volume was still not large.
As long as the five-day line is not broken, the stock price will still be in a bullish trend; this situation seems to be able to do a T and help the trend.
After making the decision, Gu Junhao quickly said to Xu Jianqing: "Put all the funds in your hands into Yin Zhijie. Don't place too large an order. Two or three hundred will be enough."
I had previously reduced my holdings in Wan'an Technology, and with some remaining funds in the account, the total amount was more than 2.4 million yuan.
The 2.4 million yuan is insignificant to a stock with a high trading volume like Dongfang Fortune; but it still has some effect on Yinzhijie, which saw a decline in trading volume in the early trading session.
At 9:37, Yinzhijie fell to 19.80 yuan, officially approaching the five-day line. Xu Jianqing's orders had also begun to buy. Most of the trading volumes of one or two hundred lots that appeared from time to time on the trading list were bought by Xu Jianqing.
The Shanghai Composite Index is currently trading around 2286 points, down nearly 3 points, while the ChiNext Index is still trading sideways around 1480 points.
The ChiNext Index is still strong, which is one of the reasons why Gu Junhao decided to buy. After all, Yinzhijie is also a stock starting with 300.
Most of the declines in small and medium-sized enterprises in the early trading session were in the stage of no volume, which seemed more like being affected by Thursday and the high opening and low closing of the Shanghai Composite Index.
19.80 yuan became the lowest price of Yinzhijie during this period, and Yinzhijie was again pulled up to 19.92 yuan; after 5 minutes of adjustment, Yinzhijie's stock price returned to around 20 yuan, closing at 19.98 yuan.
At 9:48, Yinzhijie reported 20.08 yuan, and the buying volume of over 100 lots was still ongoing. Two minutes later, Yinzhijie reported 20.12 yuan.
At this time, Xu Jianqing's last buy order of 170 lots was executed, with a total of 1,200 lots executed at an average price of 20.04 yuan.
It took more than 2 million yuan to buy in 13 minutes. Even if there were some other funds buying in the same period of time, it can be seen that Yinzhijie's trading volume was sluggish.
At 9:55, the Shanghai Composite Index turned positive again. After 25 minutes of adjustment, the Shanghai Composite Index fell to a low of 2283.28 points. Although the decline was not large, compared with the opening point, the adjustment range was as much as 18 points.
This amplitude is relatively large for the Shanghai Composite Index, which has always been stable. Just as Gu Junhao judged, today's amplitude is destined to increase significantly.
As the Shanghai Composite Index turned positive, the market warmed up again. Xibu Securities and Wan'an Technology turned positive again, and Dongfang Wealth was near the flat price.
At this moment, the only fund holding that is in the red is Yinzhijie, which is trading at 20.23 yuan, and the decline has narrowed significantly.
Thanks to the recovery of the market, at 10 o'clock, Yinzhijie slowly rose to 20.36 yuan, and the stock price returned to the flat price. One minute later, the stock price was 20.40 yuan.
At 10:05, Yin Zhijie's market moved unusually. Just like the way Gu Junhao placed orders, more than 100 buy orders appeared in batches on the market. The volume was much larger than Gu Junhao's 2 million.
At 10:06, Yinzhijie was trading at 20.65 yuan, up 1.42%. In half an hour, Yinzhijie's increase exceeded 4%.
"Very good, the decline is small, and the rise is large. This should be stable today."
With the increase in trading volume, the share price of Yinzhijie continued to rise. At 10:10, buy orders of more than 500 lots appeared. Two minutes later, Yinzhijie reported an integer price of 21 yuan.
At this time, with a total buying volume of more than 2,000 lots, Yinzhijie's stock price soared straight up. At 10:19, Yinzhijie's stock price was 21.80 yuan, and its stock price rose by 7.09%.
"This stock has actually accelerated. The adjustment after the last big surge took four trading days, but this time it only took two trading days and half an hour this morning."
This trend is too standard. After a big surge, there was a pullback in a few trading days, and then a big surge again after the pullback. There is no need to look at it. As long as the trading volume today is not too large, Yinzhijie is destined to have another period of rise.
" No need to T out, keep it first." Gu Junhao said to Xu Jianqing. He originally wanted to do only a T today, but he didn't expect that there would be a big increase. There is no need to T out now.
Just think of it as he has increased his holdings. As the fund account currently has no cash flow, he can only continue to reduce his holdings in Wan'an Technology.
Wan'an Technology's performance today is relatively good, with the highest price reaching 12.98 yuan in the morning session. It is currently trading sideways above 12.90 yuan.
In terms of trading volume, it is still okay; and the index has successfully passed the volatility period in the first half hour of the morning. At this moment, the Shanghai Composite Index has returned to above 2,300 points and the trend is good.
The market's money-making effect has picked up again. Following this trend, it is not impossible for Wan'an Technology to see another wave of trading volume in the future.
"Xiao Xu, please pay attention to Wan'an Technology. Today we reduced our holdings by 2,000 to 3,000 lots." Gu Junhao said to Xu Jianqing.
With the trend of Wan'an Technology today, it should not be a problem for it to exceed 13 yuan. Based on 13 yuan, the amount of funds to be reduced is between 2.6 million yuan and 3.9 million yuan.
In fact, no matter how Yinzhijie's trend is, even if calculated based on the minimum trading volume of 2,000 lots, today's position can be considered a reduction.
This is Gu Junhao’s holding style and position management principle. Unless he is extremely optimistic, he rarely holds a full position.
Once you have added to a stock that you like and have verified your judgment, you will inevitably reduce your holdings in another stock; and when it reaches a high level, it is natural to sell as you go.
When funds reach a certain stage, it is important to maintain the liquidity of positions. Even in a good market situation, you should prepare a certain amount of cash. This is Gu Junhao's principle of holding positions.
As the index continues to rise, volatility is bound to be large; the Soha style is no longer suitable for the current market conditions. Maintaining the liquidity of positions can not only reduce risks, but also obtain greater profits during major adjustments.
For example, today's Yinzhijie, Yinzhijie reached a high of 22.39 yuan at 11:14, close to the upper limit price of 22.40 yuan. Although it failed to close the board in the end, it still maintains a price of 22 yuan at this moment.
Calculated based on Xu Jianqing's bottom-fishing cost of 20.04 yuan, the intraday floating profit of these 1,200 chips was close to 10%. This is the benefit of having money in hand.
When you see an opportunity, you can buy in decisively. If you are not greedy and sell out directly, your intraday floating profit will reach as much as 260,000 yuan.
At midday close, the Shanghai Composite Index, which had fluctuated greatly throughout the day, closed at 2294.50 points, up 0.26%, and the ChiNext Index closed at 1486.39 points, up 0.59%.
Yinzhijie performed well, closing at 22.01 yuan at noon, a daily increase of 8.10%.
The other two companies also performed well. The only thing that made Gu Junhao a little worried was the performance of Dongfang Wealth.
Throughout the morning, Dongfang Wealth performed mediocrely, turning green from time to time, and Tonghuashun's performance was also unsatisfactory.
These two stocks, which Gu Junhao believes can be regarded as the bellwethers of the ChiNext, have performed surprisingly well in this round of market surge.
Tong Huashun's highest increase exceeded double its profit, and Gu Junhao believed that its adjustment was within the normal range.
After a doubling of prices over the past few months, a large amount of funds had a need to take profits, including some of my own reduced positions in the early stages.
However, even if Dongfang Wealth's current stock price is calculated based on the lowest point, the increase is only 36%, which cannot even match its performance and price-earnings ratio.
Gu Junhao was a little confused about what the public funds in Dongfang Wealth were trying to do.
However, it is impossible for Dongfang Wealth to reduce its holdings. Not to mention that it is still in a bullish trend above the five-day line. Even if it falls below the five-day line, it will only increase its holdings.
Gu Junhao had enough patience for Dongfang Wealth; after figuring this out, Gu Junhao felt a lot more relaxed.
"Xiao Xu, you did a good job today. As a reward, I'll treat us to coffee in the afternoon." Gu Junhao, who was in a relaxed state of mind, joked with the big investor Xu.
"Ah? You did a good job and you still want me to treat you? That's not possible. You have to treat me, boss." Xu Jianqing said unconvinced.
"Hahaha, the boss has spoken, so you have to come and treat us." Liu Tingting, who hadn't done any business for a day, said with a smile.
Similarly, Wang Ruoyu did not trade today, and Dongfang Wealth's amplitude was too small. In fact, for the three of them, the current workload is really not heavy.
Gu Junhao's left-side trading stock selection style means that a stock will not fluctuate much over a long period of time, which also leads to frequent lack of intraday trading.
Fortunately, they followed Gu Junhao. If they had followed a hot money institution or worked as a trader for pure hot money, they would have been busy all day long.
The low trading volume also gave the three more time to learn. With the help of trend charts, Gu Junhao would also regularly guide the three, which was the reason for their rapid progress.
When it comes to stock trading, you can’t make money just by trading blindly. The most important thing is to calm down and learn, and observe the changes in the market.
Trading continued in the afternoon.
After the volatile upward trend in the morning, at this point, due to the optimism on the emotional and capital sides, few people still believe that the stock market will fall today.
When the afternoon trading started, Yinzhijie maintained a high-level oscillation pattern, just like the previous few big positive lines. The stock price trend was perfect. Gu Junhao also paid more attention to Wan'an Technology, which needed to reduce its holdings.
Two minutes before the midday closing of Wan'an Technology, there was a sudden change in the stock price; the stock price rose from 12.98 yuan to a closing price of 13.07 yuan, and closed with a bald positive line in the morning.
As soon as the market opened in the afternoon, a buy order of 918 lots pushed the stock price up to 13.10 yuan. This trend made Gu Junhao feel as if he had returned to September 2nd.
The same unusual midday closing, the same large order but no price increase; the routine does not matter how novel it is, as long as it works.
With the emergence of large orders, small buy orders on Wan'an Technology's trading platform were also very active. Seeing this, Gu Junhao said to Xu Jianqing: "Start selling, the maximum is 3,000 lots, sell as many as you can."
After receiving the order from Gu Junhao, Xu Jianqing acted quickly and threw out 200 hands without thinking.
After the last attempt, Xu Jianqing also knew that with Wan'an Technology's trading model, if he wanted to sell more than 500 lots directly, he could only wait until the closing auction.
13.13 yuan, 200 lots were traded, and the sell order continued, another 200 lots. This time the trading volume was 13.11 yuan. Wan'an Technology's stock price began to fall after it reported 13.14 yuan.
At 13:28, Wan'an Technology returned to the price of 13.10 yuan. During this period, the sell orders were dense, and the funds to take over the orders also decreased, which caused considerable trouble for Xu Jianqing's selling.
Seeing this, he directly placed an order at 13 yuan, using funds and price priority to sell first.
Xu Jianqing spent the entire afternoon like this. At the closing time, Wan'an Technology finally closed at 13.11 yuan, up 2.86%. The total trading volume for the day reached 61.6 million yuan.
Xu Jianqing successfully completed the set goal and sold 3,000 lots with an average transaction price of 13.11 yuan, recovering 3.933 million yuan.
Combined with the remaining funds from the previous purchase of Yinzhijie, Junshi No. 1 currently has a total of 3.935 million yuan in cash.
With the final completion of the position reduction, Wan'an Technology currently holds 5,000 lots remaining, with a market value of 6.555 million yuan on that day. Gu Junhao's position reduction plan was also successfully completed.
Gu Junhao does not plan to touch these 5,000 shares of Wan'an Technology in the short term. In the end, Gu Junhao will not touch them again, or it is possible that he will never touch them again.
At today's close, both the Shanghai Composite Index and the ChiNext Index closed with a bald yang. The Shanghai Composite Index was at 2306.86 points, up 0.80%. The daily trading volume was 179.4 billion, a slight decrease from yesterday.
The ChiNext Index closed at 1495.51 points, up 1.21%. The trading volume expanded to 46.2 billion yuan, and the 1500-point integer mark was only one step away.
Among Junshi No. 1's holdings, the best performing stock was Yinzhijie, which surged 8.94% during the day and closed at 22.18 yuan.
Xibu Securities also performed well, with securities stocks rising collectively in the late trading session. Xibu Securities also returned to above 12 yuan, closing at 12.15 yuan, up 1.67%.
Dongfang Wealth once again dragged down the net value of Junshi No. 1 today, closing at 13.63 yuan, up 0.74%, compared with an increase of only 0.1 yuan yesterday.
This 0.1 yuan increase was only a result of the closing price rising. The period of time when Dongfang Fortune was in the red was extremely short throughout the day, and it almost remained between the flat and green levels.
Tonghuashun's K-line showed three consecutive negative lines, closing at 24.63 yuan, and its trend was even less satisfactory than that of Dongfang Wealth.
The performance of these two stocks has also invisibly dragged down the ChiNext Index. If one of them performs better, there will be no problem for the index to break 1,500 points.
It's another day of big gains, with heavyweight themes blossoming across the board. The market is experiencing an extreme short squeeze, with trading volume increasing step by step. Even Thursday's statutory decline day has no effect today.
In any case, the first four days since September can be regarded as a carnival for A-share investors, as the Shanghai Composite Index's strong four-day winning streak has stabilized at 2,300 points.
During these four days, the money-making effect was extremely good, and only a few people lost money. Even today when individual stocks are differentiated, there are not many stocks that can lose money.
Of course, Tong Huashun is an exception, but Tong Huashun is already at a high position. As long as it does not move rashly within these four days, it is difficult to incur real losses.
However, for those who were selling their flying machines in the Soha group, it was a rare opportunity to laugh at Li Ze.
"Today's statutory decline day only comes true for you, Li Kuang, haha." The brother who sold Tong Huashun at a loss on September 1st finally got his turn to be proud.
