The Road to Rebirth Finance

Chapter 133 Fundamental Analysis and Position Management

According to Ren Yetao's instructions, the traders finally kept the share price of Hailanxin above the yellow moving average of the day. By the midday closing stage, Hailanxin closed at 16.74 yuan, an increase of 6.83%.

Today's major heavyweight stocks have pulled back, and the market for theme stocks is also relatively sluggish. Junshi No. [-] holds positions except Hailanxin, and the other three are in green disk status.

However, since Hailanxin and Gu Junhao had substantially reduced their positions near the highest point in the morning, the overall net value of the fund did not show a retracement.

"How are you two today?" During lunch, Gu Junhao asked Xu Jianqing and Wang Ruoyu about the operation in the morning.

"I didn't operate it, wait and see in the afternoon." Wang Ruoyu said lightly. According to his habit, when the early trading is not ideal, he will usually look for opportunities around the close of the afternoon.

"I added a little, but the amount was too small so I didn't buy much." Then Xu Jianqing looked at Liu Tingting enviously and said, "It's still you girls who are popular. You don't talk about fishing at work, and the boss cooks for you."

"This is personality discrimination. The boss treats everyone equally." Liu Tingting said dissatisfied.

"Tingting is right. The boss has also given you a small stove; and according to your previous work attitude, the boss can tolerate you. If you change a company, you won't be so easy to talk to." Wang Ruoyu said.

"That's right, the boss gave you a 200 million voluntary quota, so it's still the best thing for you."

"Speaking of the 200 million, why didn't Xiao Xu do short-term? Didn't you always have a dream of hot money?" Gu Junhao remembered at this moment that it had been the fourth day since the warehouse was opened, and Xu Jianqing hadn't bought a new one yet. target.

"I'm studying recently, and hot money is not so easy to get. If you are not careful, you will be harvested by the boss."

Xu Jianqing is well aware of his level, and currently he can't adapt to the fast-paced operation of hot money, and under the premise of trading tasks, there is a high probability of being harvested.

It's not like he didn't miss the change in Hailanxin in the morning, so it goes without saying that the boss must have screwed up.

"Haha, you're a bit self-aware, you didn't see it, the boss was too ruthless in the morning, he directly lowered 10 gears and smashed the plate at once."

Liu Tingting's words made the two of them couldn't help but look sideways at Gu Junhao.

"What are you looking at? Eat quickly, and rest after eating; this means that the amount of funds is large. In the past, I would directly set the limit price." , At that time, the capital was small, and I didn't worry about the impact on the market.

"Boss, you are so cruel. It's really hard to play against you." Xu Jianqing said with a thumbs up, still holding chopsticks in his hand.

Even with the flattering expression on his face, it gave people a kind of "Mr., great job!" 'That kind of feeling looked very funny, which made everyone laugh, and the operating room was full of joyful atmosphere.

Although Gu Junhao had no operating tasks in the afternoon, he did not leave the operating room. Today, Thursday, the two markets are still green, and most stocks are closed in green. In order to prevent accidents, Gu Junhao decided to stay in the operating room.

Why A-shares are easy to receive green on Thursday? In Gu Junhao’s view, it has something to do with the trading system of A-shares. A-shares implement the T+1 system, and the money sold on the day cannot be transferred out, which also leads to Some of the funds that want to leave the market on Friday will be sold early on Thursday.

It is impossible to operate when the stock market is closed on weekends. If investors want to use money on weekends, they must transfer out on Friday; of course, this is only Gu Junhao's personal opinion.

The trading in the afternoon was generally calm, but small and medium entrepreneurship stocks seemed to be picking up. Ruyinzhijie and Wanan Technology, which had not yet opened a position, were pulled up to the red market in the afternoon.

Needless to say, Hailanxin remained in a state of high volatility throughout the day. At the end of the day, it was another pull-up similar to that in the morning, but it still failed to rise to the daily limit price. The latest Hailanxin closed at 17.10 yuan, an increase of 9.13%. It ended at the close, with a turnover rate of 21.75%.

"The turnover rate has dropped, and it seems that the mood for capital relay is not high."

In the case of selling more than 960 million yuan today, the turnover rate of Hailanxin is not as high as that of No. 10 and the previous pull-up, and the turnover is only 5.79 million yuan in terms of volume.

Volume energy and changing hands decreased at the same time. Although the stock price has risen, it also seems to indicate that Hailanxin has entered a state of stagflation, and the sentiment of hot money following the trend seems to have weakened.

"I will observe and observe tomorrow. If stagflation continues, I can reduce my position." It just so happens that the purchase of new shares will start next week, and I planned to reduce my position.

In terms of the overall market, the heavyweight stocks were off. Both markets closed down today. The Shanghai Composite Index fell 0.16%, and the ChiNext Index fell 0.27%. The overall decline is not too big, and it should be able to survive this week.

"Boss, will we be on the Dragon and Tiger List today?" After the market closed, Liu Tingting asked, today she can be said to be the most comfortable among the four, and she has nothing to do all day. For the meeting, she wanted to go home early.

"Today's Dragon and Tiger list should be stable. Last time 600 million were on the Dragon and Tiger list. If so many are sold today, there is a high probability of an event." As for where it will appear, Gu Junhao himself is not sure.

"What are you talking about? Boss, didn't you say that you will teach us a lesson after the market closes?" Xu Jianqing walked over and said.

"Hailanxin's list of dragons and tigers, I'll take a look at it later; Xiao Wang, come here too, and I'll tell you about my idea of ​​building a position." Just now that I'm free, I'll tell them about my own ideas first.

"Okay." Wang Ruoyu also stopped what she was doing and came over.

"Come on, let's take a look at my holding cost first." Gu Junhao dug out the sub-account and asked the three of them to look at Hailanxin's holdings.

"I'll go, the cost is 3.17 yuan, the market value is 256.5 million yuan! Boss, how did you do it?" Xu Jianqing stared dumbfounded, Wang Ruoyu was also very surprised, only Liu Tingting didn't say much because she already knew it before.

"How about it, is it like what I said on Monday, the cost is lower than any of you?" Gu Junhao looked at the three of them with a smile.

"I admire you, boss, tell us about your thinking." Wang Ruoyu was originally very satisfied with the operation of Dongfang Wealth, but when he saw the cost of the position held by the boss, some complacency in his heart disappeared immediately.

From Monday to today, Dongfang Wealth has three yin and one yang. Under such an environment, Wang Ruoyu was able to build more than half of the positions and maintain a profit of about 4%. For a novice trader with over one million funds for the first time, he is really proud .

"Okay, then let's start with the first delivery order on Monday. This involves grasping the timing of individual stocks, position management, and other experience in watching the market. Listen carefully."

"Boss, wait a moment, I'll get a notebook and write it down." Wang Ruoyu said suddenly.

"Wait, I'll get it too." Xu Jianqing ran back to get the notebook, and only then did he realize: "If you want to talk about flattering, you have to be Xiao Wang, your kind of flattering is invisible, and dry than mine It is said that the boss is much stronger."

"I've already taken it." Liu Tingting said suddenly.

"Okay, okay, I thought you were bronze, but now I know that I'm facing all kings. I promise to be the team leader."

"Okay, stop talking nonsense, I'll start talking." Gu Junhao didn't care about Xu Jianqing's weird behavior, the transaction itself is boring, and it's not a big deal to have a person in the team who can stick to the bottom line and have an active atmosphere bad thing.

The three of them stopped talking and joking, and began to listen to Gu Junhao's explanation seriously. The four of them surrounded the computer, with Gu Junhao at the center, and the delivery orders of Hailanxin were pulled out on the computer screen.

"The fundamentals and expectations of these stocks have been explained in previous documents, so I won't repeat them here; then I will talk about the characteristics of my stock selection this time."

"Our group of owners are engaged in small and medium-sized entrepreneurial growth stocks. Except for Xibu Securities, every stock has experienced high distribution and ex-rights, and we only choose to open positions after ex-rights. You should also realize this. gone."

"Based on understanding the fundamentals of the target target, the first step in investing in individual stocks that are ex-rights through transfer of shares and transfers is definitely to try to make his right-filling market. As for how future generations will go, I can't predict this."

"What are the characteristics of the ex-rights of high-stake transfer shares, that is, the filling cycle will be relatively long, and most of them will go through a second bottoming process. This second bottoming may be completed soon, or it may take a long time. After one or two months, there may be repeated stepping back, here everyone has to consider the sunk cost of their own time, of course we don’t have to consider this.”

Looking at most high-stakes transfer stocks, there are very few who can quickly fill in the rights, and a large part of them will go through at least two months of sideways fluctuations before they start to fill in the rights slowly, and some junk stocks will not even fill in the rights. Now that we have analyzed the fundamentals of individual stocks, not all high-stake transfer individual stocks will fill in the rights, and they can do it.

"Okay, after talking about the specials of high-paying transfers to individual stocks, let's turn our attention back to Hailanxin. Hailanxin opened high and fell 6% on the ex-rights day on June 3. His lowest point on that day was 4.88 yuan. Bar."

"Before the ex-rights, Hailanxin rose by more than 50%, so it is not surprising that the performance on the ex-rights day is not surprising. It is reasonable to say that this kind of stock with a large number of profits and a high degree of hot money participation, the market after the ex-rights should be Relatively depressed."

"However, judging from his performance on the second trading day ex-rights, this is not the case. No. 4 Hailanxin opened at the lowest price, quickly bottomed out in the early trading to a new low price of 13.85 yuan, and then quickly rose, which can be described as very strong. And this strength has been maintained until the close of the afternoon, the stock price fluctuated at a high level and changed hands and then returned to the seal strongly.

"Look at the K-line chart, regardless of the trend before ex-rights, here is a daily limit and reverse package market with both volume and price rising, and the dragon and tiger list also shows that there has been continuous hot money coming in and out. "

"We don't know the reason for these hot money, or any hidden good news, and we don't need to worry about him, but as long as we know that his stock price is very strong, this is our short-term opportunity."

"After that, Hailanxin pulled back for two consecutive trading days, but the callback price never fell below 14.10 yuan, and it remained in the trend of Changyang not breaking. In fact, you can tentatively build a position at the end of the 6th. If Changyang breaks, then consider stopping losses. bit."

"Then if Changyang is broken, where should we set the stop loss position?" Wang Ruoyu asked at this time.

"If Changyang does not break, it means a callback in the upward trend. Don't be afraid, but if it breaks, it means that the stock price may fall further. You have to consider this in combination with the volume and changing hands, or it may be a false break to deceive you. Cut the meat; as for the stop loss position, this should be considered according to the individual's funds and positions."

"If I bought at the end of the 6th and fell below the original support level on the 9th, I would choose to reduce the position or clear the position and stop the loss at the previous low price of 13.85 yuan. If I have a small position, the loss is within the range of my ability, and I will choose to continue to hold it to observe him, after all, I did not buy him for short-term. "

"The behavior of buying at the end of the 6th is actually a bottom-hunting behavior. Since it is a bottom-hunting behavior, then you may be buying on the mountainside, which involves position management."

"Buying the bottom is actually not advisable for retail investors with very little capital, because you don't have much money to cover the position, but we don't exist here. For example, I initially determined the position of 200 million Hailanxin. I will buy 6 20% of the position, so that even if I copy in the middle of the mountain, the loss to the overall position will not be too big."

"Position management is very important, you must remember this; stock trading is actually the same as doing anything else, it is impossible to become a fat man in one bite, stocks are unpredictable, if you choose to buy the bottom, you have to bear the consequences of its continued decline The risk of coming, especially Xiao Xu, you should pay attention to it."

In fact, many things are still caused by greedy words in the final analysis. Many people always think about making a lot of money with studs, but things in the world can never be as they wish. Just because you succeed once does not mean that you can succeed every time.

"Okay, I'll pay attention to it in the future, thank you boss for reminding me." Xu Jianqing also thought of his own operation, a little flustered and a little impatient.

Take Yin Zhijie as an example, if he operates alone and no one guides him, then this week's assignment is covered.

"It seems that we have to learn from Xiao Wang in the future. His old man's style of stock trading is not without merit." Xu Jianqing glanced at Wang Ruoyu. Before, he often laughed at him as an old man's way of stock trading, slowly , but when I think of Xiao Wangtou's first rate of return this week, I can't help it.

"Why are you staring at me? The boss is talking about you?" Wang Ruoyu was a little dazed by Xu Jianqing's stare.

"Oh, it's nothing, boss, you can continue." Xu Jianqing also came back to his senses.

"Okay, after analyzing the trend of Hailanxin before I opened the position, let's talk about this Monday, which is the 9th, why I invested 600 million yuan in excess to open the position in the first place."

"Hailanxin opened at 14.10 yuan on Monday, which is exactly the same as the opening price on the 4th. After the volume and turnover rate have not changed much, my previous judgment is that there is a support near 14 yuan. This support can be short-term. , can also be long-term.”

"No matter in the short term or in the long term, since I feel that there is a support here that cannot be broken, then the stock price has only two possibilities, either sideways or rising. In the case that the other target, Wanan Technology, has no chance, it is completely possible to use his funds. Take a risk, and if I do it right, I can shorten my time and cost of building a position.”

"Boss, you have been emphasizing position management, but I see that your previous transaction records in Peach Stock Bar are basically studs, which seems to be contradictory to your philosophy, and the same is true for buying Hailanxin for 600 million." Liu Tingting was puzzled asked.

The boss has been analyzing for a long time, except for the initial analysis of the special stocks, he has been emphasizing position management, but in fact the boss seems to have been on the road of Stud, which is what puzzles her the most.

"The delivery order you saw in Peach Stocks is only a part of me. Apart from the stud-style purchase of Zhongqingbao and Xiangsu Technology at the beginning, I also bought Dafu Technology in installments over many days. Just now I also said that it is difficult for you to divide and control positions when the funds are small, and it will increase transaction costs instead.”

"So that's the case. Then this is probably the disadvantage of ordinary small retail investors. The ability to resist risks is too poor, and most of these people are not professionals. It depends on fate, right?"

"Almost, in fact, we are also the same. The secondary market is full of variables. You can't always be right. If you buy stocks, you have to be prepared to lose money." Gu Junhao nodded.

"Okay, let's go on, since you have an opportunity, it's not impossible to be bold at all. It's not impossible to be cautious in position management. On the premise that you can bear the loss, it's not impossible to increase your position. You can put these The newly added positions are treated as hot money for short-term trading, and after a certain profit is made, stop the profit in time, and maintain the position set in advance, which reduces the cost risk of your position.”

"You see, my cost is now 3.17 yuan, and I'm not afraid of how much it falls."

"It keeps going up like Hailanxin, so what if I don't want to sell it?"

"So don't be greedy. Stocks don't go up all the time. It's never wrong to take profit decisively beyond expectations; if it goes up later, you still have a bottom position to earn, and if it goes down, you won't lose too much."

"Understood, the trend of the next two days is understandable. Since the 9th is in line with the boss's expectations and finally rose sharply. Although the 10th opened low, it opened near the [-]-day line and pulled up quickly, then we can increase The position is T, because the stock price has entered an upward trend, and any opening lower is an opportunity." Wang Ruoyu nodded.

"Well, well said, continue to talk about your judgment on the future trend." Gu Junhao nodded encouragingly.

"Okay, on the 10th we reached the daily limit, and the boss sold out the position that was increased in the early trading. The first is to increase liquidity, so as not to be too passive the next day. The second is also a correct way to operate at present to take profit. After all, the stock price The daily limit is up, no matter what the trend is the next day, this part of the position will not affect the overall profit.

What's more, whether it is before or after ex-rights, Hailanxin's trend is pulled up by changing hands, and most of them will open low or open high the next day, so there is no possibility of selling.

As for the 11th, based on the analysis of the delivery receipt, the boss probably thinks that although his stock price has fallen, it is still on an upward trend. It is a pity to sell most of his positions on that day, and he wants to wait and see, right? "

"That's right, it's more understandable to sell today. Now that I have reached my profit expectation, I have invested 1000 million yuan in 4 trading days and I have gained 22% of the income. I almost took the bargaining chips I needed for nothing. There is no need to miss the following market and increase the risk of own positions." Gu Junhao said.

"Okay, I've said so much, can anyone of you sum up what I just said?" After talking for so long, Gu Junhao's mouth was a little dry, and he planned to drink his saliva and take a break.

While Gu Junhao was looking around, looking for a cup, Liu Tingting seemed to know what Gu Junhao wanted, and quickly picked up Gu Junhao's water cup and said, "Boss is working hard, drink some water."

"Huh? Okay, thank you!" Gu Junhao couldn't help laughing, as expected, girls should be more careful, and the two elders stared at her patronizingly.

"The boss has talked so much, not only teaching us how to become a qualified trader, but also teaching us how to choose stocks, thank you boss!" Wang Ruoyu looked at Gu Junhao and said, this kind of experience is not easily shared by others of.

When Wang Ruoyu said this, the three of them also reacted; yes, if you just cultivate the trading operations of the three of you alone to earn profits for the company, the boss doesn't need to talk about the characteristics of the previous ones, such as the target and related concepts, as long as It needs to be said how to allocate positions before choosing the timing.

As for how to choose the stock target, this is not within the scope of the trader's work.

　It is still a two-in-one chapter, and the addition of the leader is over, and there are still three chapters left.

　　
　
(End of this chapter)