Chapter 4: Building a Position
At the opening stage, the ChiNext opened higher and was at a high level again, but Gu Junhao did not choose to take action. It is undeniable that the ChiNext has already taken out a very obvious trend pattern in the early stage of the bull market.
However, under the consistent sentiment of this gap-up opening, there will be an intraday adjustment, that is, a surge and then a fall, to wash out some followers and complete the intraday adjustment needs.
I switched the interface to the group and took a look at the chat records of the leeks. Those who bought large-cap stocks were cursing when they saw the low opening, while those who held GEM stocks were extremely happy and shouted that it was a bull market.
The market went to two extremes. When the ChiNext soared, the main board was sluggish, and when the main board soared, the ChiNext performed poorly.
The reason is that there is no incremental capital entering the market, but only the game of funds in the market. In the current environment of sluggish trading volume, the existing funds in the market are playing games. Considering the issue of returns, if you buy this, you have to sell that, which leads to this phenomenon.
Institutions prefer to choose some large-cap blue-chip stocks. The reason is that institutional funds are huge, and the general GEM small-cap stocks are not enough to support their entry of funds. They raise their hands while buying, and the erroneous orders in August have trapped a large part of the institutional funds. It takes some time to digest this part of the trapped shares.
But it is different for retail investors. They generally do not have much capital and are highly flexible. They can quickly sell their stocks at a loss and move into another stock. This can be considered an advantage for retail investors.
A-shares are a market dominated by retail investors. Although retail investors cannot influence the trend of A-shares, this kind of collective quick entry and exit often affects the stock market. What's more, there is also the existence of a group of hot money, which also causes some individual stocks to fluctuate greatly.
Gu Junhao was also a small retail investor at this time. He invested 180,000 yuan of funds in one stock at one time. He didn't have to worry about affecting the trend of the stock, so he didn't have to worry about not being able to buy chips or affecting the stock price.
At 9:30, trading officially began. After opening low, the Shanghai Composite Index fell to 2161.49 points, swallowing up the gains of the last trading day before the holiday, while the ChiNext continued to rise. The two extreme performances continued.
However, after 9:40, the Three Idiots started to move abnormally, and the Shanghai Composite Index began to rebound, led by the financial , banking and securities sectors. The index quickly closed at a flat position and has been rising since then.
At the same time, the ChiNext Index quickly plunged. Within ten minutes, the index jumped from 1389 points, which had risen by as much as 1.5%, to 1363 points. The index turned green, and the drop was nearly 2% in 10 minutes, which is quite a lot.
Wangsu Technology also followed the index in diving, from the highest price of 59.71 yuan, quickly falling to the green plate price of 56.63 yuan near the 60 yuan integer mark.
The stock price rebounded after that, but the trading volume was not large. As the market continued to rise, Gu Junhao judged that Wangsu Technology should fall again, and it would at least have to adjust to near the five-day line before a sale could be made.
Calculating the price of the five-day line, Gu Junhao placed an order for 3,400 shares at 55.87 yuan. There was a little short of money in his account, so he transferred another 2,000 yuan into it.
Sure enough, after ten o'clock, after fluctuating around the flat price of 57 yuan for a period of time, several large orders of thousands of shares fled , and the stock price of Wangsu Technology fell again. At 11 o'clock, Wangsu Technology hit a low of 55.80 yuan, and Gu Junhao's 3,400 shares were also traded.
The current holdings in the account show: Wangsu Technology.
Number of shares held: 3,400 shares, reference cost: 55.87 yuan, current price 55.89 yuan. Reference profit and loss: 68 yuan.
After experiencing a wave of plunges, the ChiNext stabilized at 11 o'clock and then entered a rebound mode. Wangsu Technology, like the ChiNext, completed adjustments during the trading session.
At the closing stage at 11:30 am, the Shanghai Composite Index closed at 2192.28, up 0.83%, and the ChiNext Index closed at 1376.77 , up 0.7%. Both markets achieved a good start.
Wangsu Technology closed at 57.37 yuan, up 0.65%, slightly underperforming the two markets, but Gu Junhao has already made a profit and also outperformed the two markets, with a book profit of 2.6%, reaching 5,100 yuan.
At the closing time of the market at noon, Gu Junhao opened Taoguba and took a look at his post. It did not receive much attention, but it did receive a few comments, all of which were sarcastic.
"Here comes another fearless person. The last person who saw the post said he was ready to make 1 million from 100,000. Now his holdings are only over 30,000."
“I don’t know how long the OP can hold on. I look forward to the OP’s trading after the holiday. If there is a new investor in the A-share market, I can lose less…”
"Come on, brother. With this crappy market, you'd be awesome if you can have 150,000 left out of your 180,000 by the end of the year."
Looking at the few comments, and all of them were sarcastic, Gu Junhao didn't show any expression. That's how the Internet is. If you can't do it yourself, you also think that others can't do it either. Just wait and see how I use the profits to slap you in the face.
Thinking of this, Gu Junhao replied again under the post and attached a screenshot of his holdings, but the stock name, code and cost were all blurred.
He also wrote: "I have entered the stock market today and have made a profit of 5,100 yuan so far. I feel good. I will not publish the stock codes of my holdings to avoid being accused of being a shill. After I finish trading a stock, I will present the complete settlement chart and the comments of the big guys."
After posting, Gu Junhao no longer paid attention to it. He simply went out for lunch at noon and rested for a while. At one o'clock in the afternoon, the two markets opened for trading again.
In the afternoon, the Shanghai Composite Index gradually slowed down as the "Three Idiots" stabilized, while the ChiNext continued to fluctuate at a high level.
Wangsu Technology also fluctuated up and down. When it opened at one o'clock, it was smashed to around 57 yuan by a large order. However, there were more orders to take over. After the large order fell, several large orders of 5,000 lots quickly poured in to take over.
The stock price quickly rose to 58.46 yuan, with both bulls and bears performing well, but the bulls clearly occupied the upper hand.
Subsequently, the bulls and bears engaged in a fierce battle above and below the yellow moving average of the day until the closing at three o'clock.
The bulls won, and the stock price successfully occupied the yellow moving average of the day, closing at 57.80 yuan, with a daily increase of 1.4%, a turnover of 205 million, a turnover of 3.54%, and a false negative line.
During the same period, the Shanghai Composite Index closed at 2198.20 points, up 1.08%; the ChiNext Index closed at 1387.66 points, up 1.44%.
Both markets had a good start after the holiday, and Gu Junhao's account also had a good start. The total assets after the market were: Wangsu Technology, 3,400 shares, holding market value of 196,520 yuan, available funds in the account: 642 yuan, profit and loss on the day: 3.5% (6,562 yuan).
After the market closed, Gu Junhao simply reviewed the market. He heard the couple next door coming back. He wondered if he could sleep well tonight...
