Chapter 97 Emotional Switching
On the first trading day of May, Dafu Technology appeared on the Dragon and Tiger list again, but this time it appeared on the Dragon and Tiger list with a limit down.
Judging from the data on the Dragon and Tiger List, there are still some hot money that are deeply involved in the transactions of Dafu Technology, especially Meihu Road in Xiamen. The data on the Dragon and Tiger List on the 25th of last month showed that it bought nearly 30 million, and today it bought nearly 12 million.
Assuming that Meihu Road still has no shipments within the last three trading days of April, the Meihu Road that is added to its positions today is still making money. The average cost of Meihu Road's chips in April should be around 32 yuan, or even lower.
If the chips in April were within the last three trading days, the profit would be nearly 20%. Today, I came back to buy the bottom again. Selling the full position and buying the bottom with one-third of the position is reasonable.
"It's boring. After several days of hard work, the maximum gain is less than 20 points." 20% is the most ideal result. In reality, this figure should not be reached. A return of more than 12% is considered good.
The Dragon and Tiger List shows that Meihu Road has never done T, and has always been in the mode of increasing positions. It invested 30 million and made a 10% profit. If it ran away, it would be considered good. If it did not run away, it would hit the limit down and the profit would be almost gone.
This is the thinking of hot money. They can quickly increase their capital in a short period of time by reaping one or more daily limit increases within just one or two days or a week. However, the risk is also high. If hot money attacks each other or the market makers crash the market, they can only cut their losses and exit.
Compared with this approach, Gu Junhao prefers to do left-side trading, lurking in when the stock price is low, or entering the market when it is about to start. This way the risk is relatively smaller. Although low-priced stocks are difficult to endure, from the perspective of retail investors, the time cost can be ignored.
When investing in stocks, Gu Junhao always puts risk first. He will not intervene in targets where the risk exceeds the return. However, the judgment of the highs and lows of a stock depends on one's understanding of the stock.
Take Dafu Technology as an example. The stock price rose from 10 yuan to 17 yuan and then fell back to around 15 yuan. The stock price rose by as much as 50%, which is considered a high level even without looking at the subsequent trend .
However, by analyzing its fundamentals and industry trends, Gu Junhao concluded that this stock has great potential. Referring to Wangsu Technology, it is expected to increase by about five times.
If you intervene without breaking the 15 yuan price, you can earn nearly three times the profit. However, if the price drops from 15 yuan to the 10 yuan starting level, you will suffer a 50% loss. The profit outweighs the risk, so you can chase the price at this position.
But if it is at 38 yuan, and it is still five times the expectation, I will not intervene again. The reason is simple. The profit of intervention at this time is only about 30%, but the risk is magnified countless times. When the market diverges, the price of 38 yuan is entirely possible to be halved to 19 yuan, the price of the second start.
It is not worth taking the risk of a halving for the sake of a 30% profit. This is also Gu Junhao's usual idea in stock trading. It seems to be extremely aggressive to go all in, but the risk expectations are taken into consideration behind this.
Of course, in his previous life, Gu Junhao did not always go all-in, but rather allocated his positions . The reason why he dared to go all-in even when facing targets that he was not familiar with in this life was simply because he knew the general trend.
…
May 6, Tuesday; After successfully standing above 1300 points yesterday, the ChiNext Index opened today at 1301.59 points again, approaching the 10-day line pressure level of 1306 points, and there is still nearly 36 points of space from the 20-day line pressure level of 1336.
After successfully standing above the five-day line yesterday, the Shanghai Composite Index opened slightly lower at 2024.26 points today, but it is still above the five-day line, and there is still nearly 36 points of space from the 10-day line pressure of 2040 points.
"There is room above and support below. There shouldn't be any major problems with the index today." Gu Junhao analyzed during the morning review.
In terms of overnight news, following the main board's first IPO review meeting, the ChiNext also announced last night the ChiNext IPO re-review meeting, with a total of 241 companies, of which three companies passed the meeting for the first time.
Another interesting piece of news is that the official copper market in Anhui Province disclosed opinions on promoting the real estate market. This is another local rescue action after the capital city of Guangxi Province fired the first shot in rescuing the real estate market.
"Interesting." Gu Junhao said with a smile as he looked at the message. Gu Junhao knew the time point and would not comment on this kind of news.
I don't have any plans to buy houses on a large scale. You can't make enough money, and it's better not to make some money. In addition, a securities innovation conference will be held next Friday, and the new boss of the China Securities Regulatory Commission will attend the conference for the first time since taking office.
After the opening, the Shanghai Composite Index followed the old routine and continued to fluctuate in a narrow range. The ChiNext Index, like yesterday, quickly rose after the opening, and all major themes on the market were unusually active.
"It seems that the pressure of restarting IPOs has been slowly easing." The news that the ChiNext was restarted and approved last night did not have any impact on the market. Smart funds have begun to adapt to the market and seek money-making opportunities.
This can be seen from the performance of newly listed stocks, but the weighted stocks performed poorly today. After the brokerage firms supported the market yesterday, they stalled again today. It is true that he is a scumbag. His endurance is comparable to that of Qianer.
The performance of the brokerage firm also dragged down Dongfang Wealth invisibly. Dongfang Wealth opened low at 19.63 yuan today. After the opening, there were no large orders except for a sell order of 735 lots and a buy order of 623 lots.
The volume has shrunk so obviously that it is obvious that all the funds have gone to speculate on theme stocks. Today, concept sectors such as ports, new stocks, Apple concepts, and smart medical care have performed one after another, attracting a lot of attention from the market.
Especially Apple-related concept stocks, stimulated by the positive news of Apple's new product stocking start, Jingfu New Materials, Gongda Electroacoustics and other related concept stocks quickly rose and hit the daily limit, and some other sectors such as Anjie Technology quickly followed up, forming a sector effect.
Speaking of which, Apple concept stocks are also one of the hot concepts in the market in recent years. Its current market position is still unshakable, and the smartphone industry is also booming.
"There's no fun today. The buy orders are all in the dozens, but there are quite a few sell orders in the hundreds." Looking at the trading quotes, Gu Junhao couldn't help but sigh, and was also considering whether to clear his position.
Although Dongfang Fortune turned positive at this time, with a price of 19.86 yuan, a sell order of 670 lots quickly dropped the price to 19.70 yuan, and the stock price turned green again.
Yesterday, a large order of 2,000 lots could not bring the price down by a penny, but today, an order of 600 lots could bring the price down to nearly 20 cents, which is enough to show the attitude of the funds received.
Yesterday she was Sweetie, today she is Mrs. Niu; the market changes so fast, you have to adapt.
Looking at this situation, it would be a bit difficult to clear my position of more than 4,000 lots. Forget it, I'll just sell them bit by bit.
At 9:40, Dongfang Fortune returned to the red market, closing at 19.75 yuan. Gu Junhao also started his own liquidation plan, selling his positions little by little, 100 lots, 200 lots.
In the case of this kind of severe volume reduction, if you place too large an order at one time, you will only harm yourself. You can only sell them slowly and sell as much as you can.
Ten minutes later, Dongfang Wealth slightly rose to 19.95 yuan. The trading was quite active at this time, but there were still not many large orders on the trading page.
The price held at 19.95 yuan for less than a minute before a sell order for 200 lots brought it down to five cents. This 200 lots was exactly the order placed by Gu Junhao.
Gu Junhao was speechless when he found that the market could be sold after trying 200 lots. Seeing this, Gu Junhao could not care less and continued to speed up, placing orders frequently for 200 lots, 400 lots, and 500 lots.
The market is still in the red at this time, so I would sell as many shares as I can. It is less than 1.5% away from the 20 yuan integer mark, and I dare not even touch it. The overall performance is still too weak.
He kept placing orders and selling all the time. At 10:45, the last sell order of 74 lots in Gu Junhao's hand was executed at the price of 19.74 yuan.
"The sales were pretty good, and the prices were generally above the break-even price." Gu Junhao breathed a sigh of relief after the last sale. 4,226 lots were sold smoothly at an average price of 19.78 yuan, so he still made a profit today.
The market value of securities held on the books is 0, and the total assets are 17.4115 million yuan.
At this time, the ChiNext has risen by more than 1%, while Dongfang Wealth is still struggling between the red and green markets. Its performance today is even worse than that of Tonghuashun in the same sector, which has risen by more than 4%.
However, Gu Junhao did not plan to buy Tong Huashun. The two stocks belong to the same sector concept, have similar trends, and are both near highs. There is no need to sell one to buy the other.
Yesterday, Tonghuashun’s performance was not as good as Dongfang Wealth. Today, it just followed the index to make up for the increase. We also looked at the trend of Dafu Technology. Dafu Technology opened low near the ten-day line today and then rebounded.
The volume and turnover are also pretty good, with no obvious shrinkage. At 11 o'clock, Dafu Technology had risen to 36.50 yuan, a 9.48% increase from the opening price of 33.34 yuan.
“This stock is really crazy. There are such big fluctuations every day.” However, it is unwise to pull it up like this today. Those who bought the bottom when it hit the limit down yesterday have made a profit of more than 8% so far.
It is obvious that this part of the funds has a strong demand to flee, because at this time Dafu Technology began to decline rapidly after reaching a high of 36.58 yuan. In less than 10 minutes, the stock price fell to 35.76 yuan, a drop of 2.5%.
"There's no fun today. I'll just watch the market with an empty position." After browsing the market's various stocks that had seen strong short-term fluctuations in previous gains, Gu Junhao decided to take a rest today.
Although theme stocks are extremely active, Gu Junhao . He is not familiar with some of them and does not want to take large positions for short-term trading.
It is not impossible to make a little money by making a small position in the short term, but it is not necessary. If you do it right, it's fine, but if you do it wrong, you will suffer losses and your mentality will be affected.
As long as the market is open, there will always be opportunities. If you can't find opportunities, there is no need to force them. Sometimes, being short is also a strategy.
