Chapter 264: Anxiety will not get you hot tofu
"Great! It's worthy of being the short-term leader. It will shine brightly with some sunshine. " When Zhongguo Jiaojian hit the daily limit, Gu Junhao in the office also saw it.
However, Gu Junhao's main focus today is still on the ChiNext. With so many positive factors over the weekend and in the morning, if the Shanghai Composite Index still shows no performance, it cannot be called a bull market.
This is also proved by the sector effect created by the crazy influx of funds into real estate and big finance in the early trading session.
The performance of the ChiNext is relatively critical as large funds are attracted by the heavyweights. Fortunately, the performance of the ChiNext was still good today.
Tonghuashun, which slightly retreated to the five-day line last Friday, opened higher today at 35.90 yuan, up 1.12%.
Less than seven minutes after the opening, the stock price quickly rose to 38.30 yuan, with the increase once approaching 8%.
After fluctuating for 15 minutes, Tonghuashun’s stock price once reached 39 yuan.
Recently, Tonghuashun has been accustomed to going against the ChiNext Index. Naturally, the ChiNext Index will fluctuate downward and return to the five-day line at this time of severe bleeding.
At 10:30 when Zhongguo Jiaojian hit the daily limit, the ChiNext Index did not continue to decline after hitting the intraday low of 1497.85 points.
At this time, the ChiNext Index was at 1499.40 points, down 0.36% on the day, which is just above the daily average of the 5-day line and the 60-day line.
It is not far from the 20-day line of 1500.38 points. It is crucial for the ChiNext Index to be able to stand firm on various moving averages today.
At 10:35, as the ChiNext Index failed to break its previous low after a second test, the index began to rise slowly.
At 10:41, the ChiNext Index returned above 1,500 points, closing at 1,501.80 points.
After a slight correction, the ChiNext Index continued to rise slowly.
"It looks like the chances of standing firm today are relatively high. It depends on our performance in the afternoon." Gu Junhao pondered.
With the sharp rise in the Shanghai Composite Index, the emotional rise in the ChiNext is destined to have a good performance in the first thirty minutes before the midday closing.
Whether it can stand firm on all the major moving averages depends mainly on the afternoon's trend and whether big funds abandon small and medium-sized start-up stocks while attacking heavyweight stocks.
At the midday close, the ChiNext Index returned to the green, closing at 1505.62 points, up 0.05%.
Gu Junhao's Tonghuashun hit a high of 39 yuan in the morning before starting to fall, closing at 37.74 yuan at noon, up 6.31%. The trading volume in the morning was around 180 million yuan.
"We really have to keep following the five-day line."
This is the second time that Tonghuashun has hit the upper limit and then been hit back down since late November.
In addition to the need for some funds to take profits, Gu Junhao believes that there is also the possibility that the main funds will take the initiative to cool down, allowing Tonghuashun to maintain the five-day line position and gradually rise.
Gu Junhao deeply agrees with this point. When the stock price deviates too far from the five-day line, it always makes people feel difficult to understand; when small and medium-sized growth stocks deviate too far from the five-day line, it often means great ups and downs.
In the afternoon, the ChiNext Index finally closed at 1507.81 points, which was higher than the midday closing, but the K-line still showed a false negative cross trend.
Although it is a false negative line trend, it finally closed above the major daily moving averages. Under the situation of being severely drained by the power stocks, the small and medium-sized growth sectors can still stand strong, which is not easy.
The performance of the Internet finance sector is still very good. Dongfang Wealth, which has been accelerating significantly, also surged 6.30% today. The share price was 21.61 yuan, a new high for the year, and continued to attack the high point of October 2013.
Compared with the strong daily limit of Zhongguo Communications Construction, Zhongguo First Heavy Industries' trend today was much weaker, closing at 4.06 yuan, up 1.25%, with only one chance to rise during the session.
At 10:38, Zhongguo First Heavy Industries briefly surged to 4.14 yuan, but just one minute later, it was hit by more than 30 million yuan of funds, and the stock price quickly fell to 4.09 yuan.
During this minute, Xu Jianqing failed to react and thus missed the best opportunity to do T during the day. In the subsequent transactions, the stock price of Zhongguo First Heavy Industries performed relatively smoothly.
The share price of Zhongguo First Heavy Industries was moving steadily, and the closing price even returned to above the ten-day line. Xu Jianqing did not pursue intraday profits like Wu Peng and Cao Wenxun, but retained the shares he had added in the morning.
For Xu Jianqing, the occasional guidance from Wu Peng and Cao Wenxun over the past half month has also allowed him to learn a lot of new trading methods. However, with a trend like today's Zhongguo No. 1 Heavy, Xu Jianqing still prefers to think in a boss's way.
If intraday T trading does not bring high profits and the trend is positive, and there is no other use for the purchased funds, you can choose to do a T trading the next day or after several days.
The Chinese-character stocks and the Shanghai Composite Index have been so strong recently. It would be a waste to just do a T with a profit of less than 2%, and this T is not enough to guarantee that you can get out of the predicament.
"If you sell it today, you can buy it back tomorrow. Wouldn't ?" Cao Wenxun didn't understand this. It seemed that Xu Jianqing hadn't listened to him in the past few days.
"That's not true. I'm a newbie. Although I like trading, the boss also said that newbies should try to reduce the frequency of transactions to avoid making more mistakes." Xu Jianqing explained.
"Are you a newbie? You and Xiao Wang were able to remain calm despite the huge surge in Junshi No. 1 last week. How can you be a newbie?"
"Haha, the boss is here. We dare not act recklessly or we will be scolded by the boss."
"Mr. Gu is not here today. With the way the Shanghai and Shenzhen stock markets are rising today, Junshi No. 1 must have performed very well. I didn't see any fluctuations from Xiao Wang and his team."
"Haha, that's just their personality. Maybe the market will just go so-so today." Xu Jianqing laughed and then said, "I'm hungry. Brother Cao and Brother Peng, pack up and go home early. If the boss isn't here, we can get off work earlier."
"Hehe, that's right. It's better to go back early so that the kids can finish class." Wu Peng also took over Xu Jianqing's words.
At this moment, Cao Wenxun also realized that he seemed a little anxious or underestimated Xu Jianqing. Although this young man had a lively personality and acted familiar with everyone, he was not the kind of person who spoke without restraint.
Xu Jianqing knew clearly what to say and what not to say. It seemed unlikely to get any words out of him. Judging from the way Xu Jianqing abruptly changed the subject just now, it seemed that he had noticed his test.
"Forget it, I'd better not ask anymore, so as to avoid any trouble. It will not look good if I report it to Mr. Gu." Cao Wenxun thought secretly. Fortunately, Tonghuashun also rose sharply today. Judging from the trend, he can hold it for a few more days.
"I've made a lot of money. Let's finish this stock and wait until the probation period is over."
After realizing that his behavior was a little abnormal, Cao Wenxun quickly changed his mindset and started talking to Xu Jianqing about other topics. Both of them were extroverts, and Cao Wenxun's proactive approach gradually dispelled the awkwardness that had just arisen in Xu Jianqing's heart.
Ultimately, it was because Xu Jianqing lacked work experience. After following Gu Junhao, from the time he ran away due to unhappiness during his internship to following Gu Junhao, Xu Jianqing had never experienced any temptation in workplace language.
Wu Peng could hear it very quickly, but since there was no evidence, Wu Peng couldn't say anything. Apart from occasionally helping Xu Jianqing change the subject, he couldn't do anything else.
The good start on Monday diluted everyone's emotions; after driving back to the apartment, Cao Wenxun gradually calmed down. Entering late November, the Shanghai and Shenzhen stock markets showed a bullish trend both in terms of policy and technology.
As a trader who has been in the A-share market for more than ten years, it is impossible not to see this trend; similarly, Cao Wenxun also knows the principle of holding stocks in a bull market.
If the returns of the several stocks he bought before this year were held today, most of them would have more than doubled. However, due to the constraints on the use of funds, Cao Wenxun has never dared to hold them for a long time.
"Oh, I wish I hadn't bought that house." Cao Wenxun couldn't help but sigh. Household expenses, mortgage and car loans took up most of the couple's income.
Who would have thought that the stock market, which was like a stagnant pool of water in the first half of the year, would perform like this in the second half of the year? For stock practitioners, the most painful time in life is seeing obvious opportunities but suffering from a lack of funds to operate.
On Tuesday, the Shanghai Composite Index, which had jumped up yesterday, opened slightly lower, while the ChiNext Index was not affected by yesterday's false negative line and continued to open higher; Tonghuashun closed at 37.55 yuan, up 0.4%.
At the beginning of the morning trading, the Shanghai Free Trade Zone sector moved unusually. As soon as the morning trading started, three related concept stocks in the sector hit the daily limit, leading the overall sector upward.
The Shanghai Free Trade Zone has once again become the focus of the market following its sharp rise in the second quarter. Led by the Shanghai Free Trade Zone sector, the Shanghai Composite Index opened low and ended high, rising rapidly.
The ChiNext Index opened high and ended high, performing very steadily. Tonghuashun rose slightly to 39.20 yuan in the morning, and after recovering yesterday's upper shadow line, it began to fluctuate downward.
"My obsessive-compulsive disorder comes to me. I have to touch the five-day line." Looking at Tong Huashun who was gradually falling back, Gu Junhao couldn't help laughing.
But this is also a good thing. While increasing the exchange space of chips and improving the turnover rate of chips, it can also allow new investors to have a certain buying profit space.
Recently, Tonghuashun's turnover rate has been higher than before, with an average daily turnover rate of about 7%. The chip exchange is good but not too large, which is obviously conducive to the upward trend of the stock price.
At 9:53, a sell order of 682 lots pushed the share price of Tong Huashun from 37.50 yuan to 37.18 yuan three minutes later; at ten o'clock, Tong Huashun's share price was flat at 37.40 yuan.
"The volatility exceeded 5% in half an hour. It's a paradise for T traders." Gu Junhao said to himself.
Although the operating conditions are not as good as those in the trading room, it is obviously more comfortable to watch the market in one's own office. During the trading process, Gu Junhao does not like to communicate with others very much.
In the trading room, limited by his own duties, Gu Junhao had to guide the operations of Xu Jianqing and others, and was relatively active.
