Chapter 270: Walking with Risk
The hot market can no longer be explained by any technical factors, especially the securities sector. Today, there are many stocks in the securities sector that have hit the daily limit, which has received a large amount of funds. Two securities firms under Junshi also ended up hitting the daily limit.
Xibu Securities' total daily turnover exceeded 1 billion yuan, and the turnover rate reached an astonishing 7%. The stock price of 22.86 yuan has increased by 40% from its previous historical high.
But judging from the stock price trend, Xibu Securities, which has just doubled from the bottom, may just be the beginning. Judging from the trend, the performance of such a new and small-sized brokerage stock with clean chips may exceed Gu Junhao's imagination.
"With this trend, I don't know how much it will rise by next year. It's possible that a brokerage firm can earn several times the profit. It's really outrageous." Gu Junhao sighed secretly.
At this moment, Gu Junhao felt a little regretful. If Junshi No. 2 had continued to invest 100 million yuan in Xibu Securities, the profit might have been a very considerable figure.
Huanghe Securities also hit the daily limit today, but the total transaction volume of today's daily limit reached 3.97 billion yuan. The market cap is too large, and the funds required are naturally too huge. I am afraid that the future trend will not be as good as Xibu Securities.
However, there are gains and losses. With such a large daily transaction volume and the reliability of traders, intraday T is relatively more active than that of Xibu Securities. Today's stock price limit of 10.62 yuan has only completed this round of rights filling.
Judging from the current trend, it should not be a problem for Yellow River Securities to double its current base by next year. For a brokerage firm with such a large market cap, it would be great to be able to double its profits.
Since the two experienced traders joined, Gu Junhao has experienced the joy of institutional day trading and understood why institutions are so agitated. The profits are really too huge.
Take today's Yellow River Securities for example. Cao Wenxun was very keen to seize the opportunity and used 20 million yuan of funds to make a large intraday T of more than 5%, with an intraday profit of more than 1 million yuan, which is not much for a fund of 600 million yuan.
But for those institutions or hot money that invest large sums of money in intraday T, the returns are quite outrageous. Although Cao Wenxun's income of more than 1 million yuan has little impact on the size of the fund, it is still quite outrageous for ordinary people.
One million yuan in cash is a lifetime hurdle for most ordinary people, but by leveraging the flexibility of large funds in the stock market, it only takes one day.
Such a hot trend on Tuesday is not without hidden dangers. Most of the funds today flowed into the three major financial institutions, and stocks with Chinese characters in their names are still in a state of adjustment. Although they all closed in the green at the end of the trading day, most of them underperformed the index.
The stagflation in small and medium-sized enterprises is even more serious. Dongfang Wealth, which adjusted yesterday, fluctuated downward in the morning trading today. Although it rose in the late trading, the increase was not too large, and the trading volume has exceeded 1.7 billion yuan.
Yinzhijie, which surged yesterday, ended up closing with a negative today, becoming one of the few stocks that closed with a decline in late trading in the Shanghai and Shenzhen stock markets.
Tonghuashun's trading volume today set a record of over 1 billion yuan, with an amplitude of 11.41% throughout the day, but the stock price only rose by 1.54%, closing at 60 yuan. There was a huge cross star line on the K-line, which shows that stagflation has become very serious.
Since there is no Dragon and Tiger List today, Gu Junhao cannot see which hot money or institutions have reduced their holdings or run away. However, what is certain is that with a turnover rate of 13.68%, it is very certain that large amounts of funds have taken profits.
For the leading small and medium-sized growth stocks that have seen such large short-term gains, as large funds continue to flow into the blue-chip stocks with heavyweights, their risks are becoming increasingly greater, and the need for adjustment in the short term is also very urgent.
The rise in stock prices depends on expectations. Once the rise is too large and exceeds expectations, risks will follow. This is also the reason why Gu Junhao emphasized yesterday that the volatility of the GEM is greater than that of the main board.
Since the main board has a large amount of weight support, it can absorb risks by relying on the rise of each sector. However, once the ChiNext loses its financial support, its adjustment will inevitably be very drastic.
The trend is bullish, but adjustments are expected in the short term. The two concepts are not contradictory. The same is true for the so-called bullish and short selling. For ordinary investors with more flexible positions, those who hold high-priced stocks can reduce their positions appropriately, and the returns may be greater.
There is no stock that will always rise, and there is no need to worry about selling at a loss. For example, Tonghuashun has risen from around 12 yuan to 60 yuan, an increase of more than five times. Its trend itself is something that most people cannot grasp.
When you are unsure, it is most correct to stop profit. The profit you get will always be more real than the virtual rise. In A-share trading, it is most correct to make money within your own cognition. Profits beyond your own efforts will not last long.
For Li Ze, what he is most serious about Tong Huashun is when Brother T will release the pledge. He will not sell it without seeing Gu Junhao release the pledge.
During today's trading session and even at the end of the trading day, the Soha group was also discussing the trend of the market and Tong Huashun. With the stock price rising to such an extent, it is certain for these short-term enthusiasts to participate in it, but obviously not many people dare to hold it for the long term.
Today, Tonghuashun set a record for trading volume and high turnover rate. Most of those who followed the short-term trend have also taken profits. For everyone, Tonghuashun, which has had the opportunity to participate since the low level, can be said to be the lucky stock of the whole year.
The market value of Li Ze's holdings has exceeded 1.5 million yuan. According to his three investments, the total holding cost is around 350,000 yuan, and the profit has reached about 1.2 million yuan.
Li Ze's profit ratio is undoubtedly ranked first in the group, and the market value of his holdings has also reached the top three in the group, only slightly smaller than that of Brother Cao and another big investor.
"In half a year, Li Kuang has risen from the bottom of the market value to the top three. This is really amazing. Li Kuang has really taught me the truth of holding stocks in a bull market."
The Soha group is composed of people with some assets. Some investors even experienced the big bull market in 2007, but they lost most of their profits in the subsequent bear market.
Everyone has a different understanding of stocks, but most people are still in a bear market mindset, with the idea of making a quick buck and running away, and they change stocks quite frequently.
As we enter December, the stock market, which has been rising for the second half of the year, although there are obvious fluctuations, it is not difficult for these old stock market investors to make profits in such a good market situation.
Some investors who suffered huge losses in October have now made their money back, so everyone is in a pretty good mood. If there is time, everyone will also summarize the gains and losses in some transactions.
Li Ze's initial short-term operations led to huge losses, but by chance he changed to a long-term stock holding trading method, which made him earn a fortune. This is still very shocking to everyone.
"It seems like a real bull market. Should we change our strategy? Isn't it appropriate to change stocks so frequently now? "
"Can you bear to hold the stock for the long term? Another thing is that the current stock price is too high. Who dares to hold it for the long term?"
"That's right. Even among the big guys like securities firms and banks, there are quite a few that have doubled their profits, not to mention the small and medium-sized start-ups."
"I would like to hold Tong Huashun for the long term, but his stock price has increased more than five times. I don't dare to hold it like Li Kuang did."
"Oh, one step slow, every step slow, it's still a problem with my thinking; forget it, I'll just do my short-term trading, as long as I can make some money."
Correspondingly, Gu Junhao also reminded people of the risks during the after-hours meeting in the trading room. This time it was an after-hours meeting with six people, and both funds were explained at the same time.
Wu Peng has been in the job for three weeks and Cao Wenxun has been in the job for two weeks. The trading skills of these two have been recognized by Gu Junhao. When he is not in the trading room, it is okay to let them guide Wang Ruoyu and Liu Tingting's operations.
Among the three currently tradable stocks, Xibu Securities is the hottest one, Dongfang Wealth's trend is as stable as ever, and the only one with the possibility of a major adjustment is Yinzhijie.
In fact, from the perspective of transaction security, it is best to put Yin Zhijie under the operation of Wu Peng. Wu Peng has a lot of experience in trading small and medium-sized start-up stocks, such as this kind of high-priced stocks, so he has a great advantage.
It was also the first time for Wu Peng and Cao Wenxun to see the shares held by Junshi No. 1. In particular, Cao Wenxun, who had been thinking about finding out the shares held by Junshi No. 1, was deeply shocked.
However, after seeing that the stocks held by Junshihao had risen so much, Cao Wenxun had given up the idea of following the trend. After selling Tonghuashun last week, he followed the trend of the brokerage sector and bought leading brokerage stocks.
"Dongfang Wealth, Yinzhijie, Xibu Securities, and a suspended Zhongguo Nanche, small and medium-sized start-ups and heavyweights are all rising. No wonder Junshi No. 1 has such a huge increase."
"The cost is ridiculously low. Mr. Gu, your timing of buying is so simple and perfect. It's basically the bottom area of each stock."
"At that time, the basic scale was limited, and I could only buy these small and medium-sized start-up stocks. They would not make any sound if they were added to the weighted stocks." Facing the flattery of his subordinates, Gu Junhao responded with ease.
"That's not the case. It's understandable that a small fund would buy small and medium-sized start-up stocks. However, Mr. Gu, your stock selection is very clever. Except for Zhongguo CSR, which has been suspended, the three stocks actually have something in common."
As a mature trader with rich experience in trading small and medium-sized start-up stocks, Wu Peng could clearly see Gu Junhao's stock selection ideas for Junshi No. 1.
That is to focus on the big finance sector and make a fuss about small and medium-sized start-up stocks; in a bull market, the first to rise is undoubtedly the big finance sector, led by securities companies.
From Junshi No. 1’s stock selection ideas, we can find that Gu Junhao was able to predict the current trend when the stock market was in a very depressed state half a year ago.
