The investment era of rebirth

Chapter 566 The Journey of the Bull Market ([-])!
Liu Changling said: "Since the market trend has been formed, the only correct way for us is to follow the trend. As for chasing high levels... At this time, the Shanghai Stock Exchange Index broke through the 2300-point mark not long ago, and there is basically no substance when it goes up to the 2500-point range. pressure."

"And the two main lines of 'infrastructure' and 'military industry' have regained momentum."

"Essentially, it's just getting out of the upward trend."

"At this time, the market expectations on these two main lines are shifting from the previous stage of divergence to consensus, and due to the weakness of the main line of 'technological growth', the active capital groups in the entire market will only become more and more oriented towards the 'military industry'. ' and 'Infrastructure' are the two main lines."

"On the whole, it is at this time that we follow up the main lines of 'military industry' and 'infrastructure', and adjust our previous wrong trading strategies. It is not chasing high, but returning to the correct investment path, and there is... this At that time, the investment opportunities of the two main lines of 'infrastructure' and 'military industry' were actually the moment when they just turned to the opportunities on the right side."

"At this time, if we don't adjust our trading strategy..."

"If you want to take the main position of the fund in the future, and then switch to the two core main lines of 'infrastructure' and 'military industry', I am afraid that you will really have to keep chasing high and scrambling for chips."

"After all, it doesn't matter from that perspective."

"In the market, as the two main lines of 'infrastructure' and 'military industry' continue to absorb funds, whether it is future expectations or the overall market trend, in the foreseeable period of time, it is obvious that there will be more and more Strong."

"In contrast to the line of 'technological growth'."

"After countless funds were buried, the bargaining chip structure became chaotic again. Coupled with the direct negative impact of 'LeTV', everyone fell into obvious doubts and doubts about the investment logic of the line of 'Technology Growth'. There are two main lines of 'infrastructure' and 'military industry', which continue to have a siphon effect on the active capital groups in the market, which can show that the line of 'technological growth' will only become weaker and weaker as expected."

"At this time, we need to be more decisive to avoid further loss of the net value of the fund account."

"It is possible to recover our mistakes in trading strategies during the recent period as soon as possible!"

After listening to Liu Changling's analysis, Shao Xiaoyun thought about it for a while, finally gritted his teeth, and said, "Okay, just follow what you said, and quickly adjust the trading strategy. We will use the most chips on the main line of 'technological growth'." Quickly reduce positions, regardless of cost, the market price will drop, and in the shortest time, you can reduce as much as you can, and you will never miss it.”

"At the same time, the funds from the reduction of positions were also quickly bought at the market price regardless of the cost. Core constituent stocks with good expectations in the fields of 'infrastructure' and 'military industry', trying to correct our previous wrong trading strategies as quickly as possible, and recover the last two days. The trend pattern of the sharp retracement of the fund's net value."

"Okay!" Liu Changling responded.

Afterwards, the corresponding trading instructions were quickly issued to other traders who had been waiting in the trading room for a long time.

"Longling..." When Liu Changling quickly issued a trading order to correct his previous trading strategy, Shao Xiaoyun pondered for a moment and then asked, "Do you think... at this time, we are in the two phases of 'infrastructure' and 'military industry'?" Once again on the big main line, which stocks should be selected as the core holdings? Fushun Special Steel, Chengfei Technology, Tianshan Cement, Shanghai Construction Engineering... What do you think of these? "

Liu Changling thought for a while and responded: "Manager Shao, I think many of these popular concept stocks are already at the peak of their emotions, and many stocks have already reached their daily limit today. It is not easy for us to intervene. We might as well intervene based on liquidity first." What do you think of the core weighted large-cap stocks that are better, with stronger expectations, and sentiment is also not bad?"

"For example?" Liu Changling did not answer directly, but continued to ask.

Liu Changling responded: "According to my observations, the two main lines of 'infrastructure' and 'military industry' have relatively hot expectations and sentiments, and the market liquidity is relatively large, the degree of capital participation is relatively high, and the net inflow of main funds is also relatively large. For the core market stocks, the trend patterns of the checks of 'Huaguo MCC, Huaguo Railway Construction, Huaguo Communication Construction, Huaguo Construction, Huahang Optoelectronics, and Hangfa Power' are the best. At the same time, compare the core stocks that Manager Shao just said. Popular concept stocks have relatively lower valuations and stock price positions, and in comparison, the short-term callback risk of intervention is also lower."

"Okay!" Shao Xiaoyun's thoughts are basically the same as Liu Changling's. He also thinks that at this time, chasing popular concept stocks with high sentiments is easy to step on short-term highs. Relatively speaking, stocks with better liquidity and weight , the stock price trend will be more stable, which is more suitable for their position adjustment strategy at the moment. They couldn't help but nodded and said, "Then follow the strategy and target stocks you mentioned, and quickly adjust positions!"

Liu Changling nodded, and then continued to instruct the traders to adjust their positions according to this strategy.

And when they made up their minds to cut their positions in the main line of "technological growth" and pursue high-level core stocks with sufficient liquidity in the fields of "infrastructure" and "military industry".

There's another deal room right next door to them.

Liu Guanhai, who is in charge of the 'Yinghui No. 1' fund product, stepped on the wrong market rhythm again and his heavy position was buried. He gritted his teeth and made the same trading strategy as Shao Xiaoyun and the others, that is, once again cut the position and stepped on it. Funds with a wrong rhythm have heavy holdings in stocks, chasing the two main hot spots of 'infrastructure' and 'military industry'.

Similarly, in the current market, there are countless investment institutions, as well as large, medium and small investors.

When the main lines of "infrastructure" and "military industry" have formed an obvious continuous upward trend, and the market has completely broken through 2300 points, when trading opportunities on the right have formed, more and more people are biased towards the main board's "infrastructure" and "military industry" 'Field layout, and high chasing chips.

Even E Fund, Huarui Public Fund, Huaxin Securities Self-operated Investment Strategy Department and other domestic first-class echelon large-scale investment institutions that were staunch allies of the "Pingyin Asset Management" institution, at this moment, also began to turn their backs in an all-round way, cutting down on a large scale. and take the initiative to sell down the chips of the main line of "technological growth", and at the same time pursue the chips of the main lines of "infrastructure" and "military industry" to snatch core high-quality stock chips.

Of course, there are also institutions that still adhere to the original point of view at this moment and have not cut their positions on the main line of "technological growth".

For example, in Yuhang, Jingda Investment Company, the main fund trading room, fund manager Lin Tingzong, after pondering and weighing for a long time, still intends to stick to the bargaining chip that was previously deployed in the main line of "technological growth", and did not panic and sell down with everyone.

"Old Lin, the emotional reaction to the two main lines of 'infrastructure' and 'military industry' in the market is getting hotter and hotter." Standing behind Lin Tingzong, Gu Chijiang, who was frowning and watching the changes in the two markets in the market, said a little nervously, "You say The line of 'technological growth' will usher in a wave of favorable rebound after today's large-scale liquidation of panic selling, let us find a relatively suitable selling point? I am... a little uncertain!"

Lin Tingzong looked firmly, and said: "Market sentiment reacts like the ebb and flow of the tide. Although the current market sentiment and expected hotspots are no longer on the line of 'technological growth', everyone is crowded in the lines of 'infrastructure' and 'military industry'." There are two main lines, but no matter how one major main line goes, the emotional side cannot always remain at the peak, which is unrealistic and does not conform to market laws.”

"It is true that the future expectations of the two main lines of 'infrastructure' and 'military industry' have become stronger, deeper, and wider after the market broke out and as emotions fermented."

"But even with strong and broad expectations, it is impossible to finish the market in one go."

"It's like the big bull stocks that the market expects to be good. Its trend cannot be smooth, and the trend will lead to emotional peaks and underestimation."

"This phenomenon is the same in the trend development of the mainline market."

"What's more, the entire main line of 'big infrastructure' and 'military industry' involves so many market sectors and concept sectors, the number of concept stocks involved is hundreds of stocks, and the market value involved is several trillion. Such a large Mainline expectations, the trend cannot be consistent, and it is impossible to continue to triumph."

"So, we don't need to go after it at this time."

"A big main market line develops, and it is impossible to have only one buying point."

"Similarly, in the weak main line where expectations are gradually lowering and funds are fleeing in an all-round way, the market trend will not even go down without a rebound."

"I admit that the market style and the mainline market have been switched smoothly."

"I also admit that we have been careless in the past two days, and failed to grasp the first trading point, make appropriate adjustments and switch positions, and change trading strategies."

"But at this time, we can no longer be led away by market sentiment."

"You have to think calmly."

"The line of 'technological growth' has collapsed today, and many core concept stocks have already reached the limit at the moment, which means that in the market at this moment, the funds that are not optimistic about the market of this line are all in large-scale If we follow the trend and sell at this time, firstly, there is no good price, and secondly, after getting into this situation, it doesn’t make much sense to take the initiative to sell down.”

"And at this time, near the high point of intraday sentiment, chasing core hot stocks in the fields of 'infrastructure' and 'military industry' is even more inadvisable trading operations."

"After all, in the face of such a large market value of the two main lines, so many concept stocks."

"Given the current liquidity in the market that is not considered sufficient, and the incremental funds that have not yet fully caught up, once these two main lines cross the emotional high point, the stock price should inevitably pull back due to the lack of capacity to undertake funds."

"in a sense……"

"Yesterday's overall surge in the main line fields of 'infrastructure' and 'military industry', as well as the independent strength and skyrocketing trend of many core concept hot stocks in these two main line areas for many consecutive days, have accumulated too much on the short-term investment timeline. Take profit, this must be digested."

"So, I conclude that when the market trading hours enter the afternoon."

"The market in the two major fields of 'infrastructure' and 'military industry' is very likely to plunge and pull back for a short time, maintaining a volatile trend, and will not be able to make a strong breakthrough like yesterday."

"And when the main line of 'infrastructure' and 'military industry' dives back."

"Then, under the current see-saw market effect, a lot of funds that have taken profits from the 'infrastructure' and 'military industry' fields will definitely still follow the logical inertia of the market's 'see-saw effect' and intervene in the line of 'technological growth'. , to carry out bottom copying operations.”

"And our real exit point, as well as the landing point of adjusting positions and changing trading strategies."

"I think it is the time when the two main lines of 'infrastructure' and 'military industry' have passed the short-term peak of market sentiment and cleared the short-term profit taking callback."

"That should be a more suitable second buying and selling point in the market."

"If we switch strategies at that time, the relative loss and impact on the net value of our fund should be smaller than it is now."

Speaking of this, Lin Tingzong still kept a sharp look in his eyes.

And be confident in your own judgement.

In fact, in the face of the inherently uncertain trading market, in actual trading operations, no matter how powerful a trader is, it is impossible not to make mistakes.

Therefore, I really want to survive for a long time in this bloodless financial trading market.

The most important thing is not to keep yourself from making mistakes, but to be able to look at the market calmly and objectively after making mistakes, and quickly formulate appropriate remedial measures and adjust trading strategies so that your trading operations and corresponding strategies are It has been changing around market trends.

After listening to Lin Tingzong's analysis of the market at this time and his thoughts on the change of fund positions, Gu Chijiang was silent for a while, carefully pondering what the other party said just now, and after a long time, he gritted his teeth and nodded, saying: "Since you If you firmly believe that the market will change like this next, then let's... just continue to wait!"

The so-called use people do not doubt, suspect people do not need.

Judging from his performance since he started Lin Tingzong as the company's main fund manager, the other party's thoughts and opinions on market conditions and market conditions are indeed much more unique than him, although... at this moment, his thoughts always feel that Lin Tingzong His opinion was a bit too optimistic, but thinking that the other party was so confident, and the logic of the analysis could also be said to be the same, which was in line with the development law of the financial trading market, he held back the rebuttal thoughts in his heart.

Under the different strategic choices of the main asset management managers of various institutions and core traders...

Before you know it, the market trading time has reached 11 am.

I saw that the main profit-making effect of the two markets is still unfolding around the two main lines of 'infrastructure' and 'military industry', and the difference between the increase in the Shanghai Stock Exchange Index and the ChiNext Index has also been maintained at around 2%. Among them, the Shanghai Index has already Successfully stood at the 2390 point, and it is really one step away from the 2400 point mark.

(End of this chapter)