The investment era of rebirth

Chapter 21 Long Stampede
At 9:30, the two cities officially started trading.

Su Yu's Internet speed technology climbed up slightly by 0.3 points, and then fell without resistance following the adjusted GEM index.

For a full 10 minutes, Su Yu didn't see any major buy or sell orders.

"It seems that following the concept of 'mobile games', after the hype of hot money for one-day tours, the big money in the venue has basically disappeared." Su Yu watched the changes in the network speed technology, smiled, and thought to himself, " Since there is no large capital dominating the market and hiding it, you can build positions as you like."

In the current market, the trend of the GEM is far stronger than that of the main board.

But at the end of this bear market, the main force of long-term funds that are still active in the market, their eyes and main positions are still in the big blue chips and many white horse stocks.

The so-called public offering regular army, everyone's understanding of the ChiNext market...

I still feel that this is dominated by hot money, it is random speculation under the irrational market, it is unsustainable, and it is a castle in the sky without performance support.

Few public offering fund managers are able to do so at this time.

Aware that the valuation method of the market is quietly changing; aware of the background of 'mobile Internet' and '4G', the countless concept stocks on the GEM are also lurking to transform concepts into real performance and grow into a new generation' Tech white horse' great opportunity.

Market bias, and the lessons of history.

As a result, the main fund institutions, in the first stage of the ChiNext market, were completely empty.

It also led to Wangsu Technology, a core stock on the GEM that relied on the outbreak of the "mobile Internet" and experienced changes in fundamentals and performance. In the initial stage, there was no situation where any major fund institutions held large-scale positions.

Two accounts with a total of 206.9 million funds.

Su Yu split the buy order into orders of less than 50 lots. Under the situation of adjustment between the two markets today, he gradually cleared the market sell orders of Netspeed Technology.

Neither pallet nor chasing up.

In the end, it took about 20 minutes to buy all the funds of more than 200 million yuan. The average cost of holding positions was 24.80 yuan. The accounts of Liu Tianshui and Mr. Wang each held 400 lots.

After opening a position...

Netspeed Technology continues to follow the fluctuations of the broader market.

By the time the market closed at 3 o'clock in the afternoon, under the influence of Huaqingbao's violent shock and a sharp drop of 5 points, and the enthusiasm for the entire concept of 'mobile games', the hype and enthusiasm for the entire line has been pulled back.

In the end, Wangsu Technology fell by 1.52%, and its stock price closed at 24.49.

During the whole day's trading, in Wangsu Technology's transaction records, there were only three large orders of more than 3 lots, and no super large orders of more than 3000 lots.

This proves that this stock, after the exit of hot money speculation.

There is an extreme lack of attention from the main funds.

Su Yu's stock market trading record today was reported as a loss of more than 2 points, and the wealth management account for clients also experienced a retracement for the first time.

But he looked at Netspeed Technology, which basically has no funds to pay attention to, and saw the rebounding trend of the market, and the obvious failure situation, and he didn't have any worries in his heart.

Gold will always shine.

When the performance report of Netspeed Technology came out, when the future expectations and fundamentals of this stock were completely reversed under the performance of the performance report.

The funds for market speculation will definitely flock in.

Like this kind of stock that is purely driven by performance and fundamentals, and there are not many good stories to tell, it is a good thing that there is no main force lurking before the wind blows.

This shows that after the performance has landed...

Driven by the rapid construction of a large amount of funds, its stock price has more explosive potential and sustainable ability.

Therefore, Su Yu would not care too much about the trend before the announcement of the performance report, no matter whether it was up or down. Just verify your investment logic and wait for the funds from all walks of life to lift the sedan chair.

in a sense……

He can also be regarded as the main force hidden in this stock, but the amount of trading funds of his main force is only the size of a middle-level player in the market, and he cannot have a huge impact on its stock price.

After briefly reviewing the stock market trading market, Su Yu quickly turned his attention to the gold trading market.

After the turmoil in the Asian market, the price of gold has returned to a downward trend, and even a weak oversold rebound failed to last long.

When entering the European trading session, the price of gold fell into a rapid decline even at the beginning of the session.

In one fell swoop, it broke through the support of $1475.

Su Yu looked at the almost unilateral plunge of gold, and then looked at the total funds in the account that had expanded to more than 30200 US dollars, and the available margin of more than 24000 US dollars.

Directly near $1474, another pending order was placed to sell 6 lots of gold short, and the stop loss was set at $1481.

After increasing the position again, the available margin of his account reached more than 19000 US dollars, and the overall position level is still in the low-risk area.

After 5 o'clock in the afternoon, after the European trading began to enter the peak hours.

The decline in gold began to expand further.

The entire market, all the bulls, saw that the price of gold deviated farther and farther away from the bull-bear line of $1500, and saw that the vast majority of investment banks in the world began to be bearish on the market, and began to stop losses and cut positions one after another.

At this point... the terrifying multi-kill situation is coming.

At 6:20 p.m., the price of gold quickly broke through $1450. Compared with Friday’s close, the price of gold plummeted again by more than 300 points.

The bulls are desperate, and the entire gold trading market has turned empty.

After gold effectively broke through $1450, Su Yu continued to add 1449.3 short positions in gold at around $51600 when the available margin in the account had expanded to more than $10. Within the range of low-risk positions, Su Yu maximized To expand account profits.

In the gold trading market, all technical indicators, fundamentals, market sentiment, and long and short disk patterns.

All have shown a unilateral short form.

In this situation, Su Yu knew that if the bulls accumulated above $1500 were not forced to leave the market, the plunge of gold would not stop.

and so……

Although he continued to increase his positions with the help of expanding profits during the gold plunge, in fact, the risk is not great when the position level is below 30% of the total funds.

In his prediction, gold wants to digest the bull power that has accumulated above $1500 for 2 years.

Without a drop of more than 1000 points, that is, a plunge distance of more than 100 US dollars, it is impossible to completely destroy the strength and confidence of the bulls in the market.

and……

At this stage, the long prisoner's dilemma has already occurred.

No matter how determined the long positions are, in the face of a complete collapse of market confidence and the limit loss of the account, they will passively join the trading group of cutting positions and stopping losses.

Thus, step by step, the stampede of the market will be deepened and the plunge of gold will be increased.

Only when the stop-loss power of the bulls trampled on each other on the spot was completely consumed by the market in the gold's plunge, the gold's plunge will slowly stop.

At 6:40, the price of gold broke through the price of 1440 US dollars and continued to expand its decline.

Su Yu looked at the relevant domestic gold trading forums and comment areas of financial websites at this time, and saw that there were many long-term investors and bottom-buying investors who had liquidated their positions.

"It's not yet the US market trading hours, the trend of gold is really scary."

"It plummeted more than 400 points, my account has been liquidated, hey... I thought I could survive Friday, and today I can use the oversold rebound to reduce some losses. I didn't expect..."

"Hey, similarly, I also replenished the deposit, but the position was also liquidated."

"If you knew it earlier, you should stop the loss decisively, and you shouldn't carry the order."

"Who would have thought that the price of gold could fall like this? For two consecutive trading days, this decline... almost caught up with the decline of A-share stocks, it is unbelievable!"

"In the financial crisis of 08, there has never been such a tragic fall. It is simply incomprehensible."

"That's right, the market doesn't have any particularly bad news. Gold has suddenly collapsed. It's hard to understand the logic behind it!"

"Looking at the situation, the drop in gold prices today will not be smaller than that on Friday."

"Hey, such a continuous plunge proves that gold has really entered a bear market. Everyone... all long orders, stop losses quickly. The bear market for gold prices has started, and there is no bottom."

"Is this a stampede on the market?"

"This kind of unilateral plunge is obviously trampled on. Hey... In the early days, various institutions, media, and major Vs all sang gold, which caused gold bull investors to pile up a lot above $1500. Now... the price of gold If it completely falls below $1500, can you not step on it?"

"Bulls don't die, the downtrend doesn't stop."

"The trend of gold at the moment really fully interprets this sentence."

"Go short, backhand short, follow the trend, maybe you can recover some losses."

"The short-term price of gold has plummeted too much. At this time, enter the market to short... I am afraid that a quick rebound will be knocked out of the stop loss again!"

In countless discussions, the market sentiment has shifted towards the short side.

And the situation of more killings and more stampedes in the market has become more and more serious, causing the decline of gold to continue to expand.

At 8:36 p.m., the price of gold hit $1430 and plummeted by more than 530 points, surpassing the full-day decline of gold on Friday, and continued to create the '4-year decline'.

Then enter the US market...

As the global market fluctuated, American gold bull institutions and bull investors continued to cut positions and stop losses.

The price trend of gold, under the desperate mood of global gold bull investors, further plummeted, refreshing the historical record of 'the largest decline in 4 years'.

Su Yu did not increase his position after the price of gold fell below $1430.

Instead, they silently waited for the storm in which bulls trampled on each other in the market to pass, and then after the decline in gold slowed down, they concentrated on closing their positions and exiting the market with a profit.

In his attention...

At 1:52 a.m., gold fell below $1415.

At 2:32 in the morning, gold fell below the integer mark of 1400 US dollars, which continued to further expand the market panic.

And after gold effectively fell below $1400, that is, in the second half of the U.S. market trading hours, Su Yu thought that the stampede sentiment of the market bulls should have almost been released.

The trend of gold, but not only failed to slow down, but completely out of control.

(End of this chapter)