Rebirth of the investment era

"Okay!" Su Yu nodded slightly and said, "Since the market's continuous profit-making effect is weakening, and in the short term, the market has no motivation and foundation for sustainable market development, then there is nothing to miss, so continue to reduce fund positions to a low level. Just above the water level."

"Okay!" Wang Can nodded and immediately began to execute the relevant instructions.

In the trading room, other traders, under the guidance of Su Yu's operating strategy, also began to reduce their holdings of chips purchased during yesterday's intraday trading, and then reduced the positions in their operating accounts again.

Along with the entire trading room, traders from the two main funds concentrated on selling.

Regarding the stocks held by the two main funds of the "Yu Hang Group", the active selling orders on the market quickly began to increase again, suppressing the active buying orders, and quickly drove the stock prices down from the intraday high.

Then, as Su Yu expected.

When the market of popular stocks related to the two core themes of 'infrastructure' and 'state-owned enterprise reform' weakens again, and when many popular leading stocks are still unable to open up room for a sustained rebound, the market's continued profit-making effect will be further expanded, and the entire market pattern of the two cities will be In an instant, it went from a relatively strong state to a relatively weak state.

"Hey, this market trend is really crazy."

When the market conditions in the two cities weakened again, and both the index and the market's popular core stocks fell from their intraday highs, at this moment in the Magic City, inside Yinghui Fund Company, in the 'Yinghui No. 1' fund trading room, the fund manager Liu Guanhai was extremely depressed and couldn't help but complain: "The good news will also fall, and the bad news will also fall. It's really that all the intraday surges are just to lure bulls!"

Hearing Liu Guanhai's complaints, Yu Lei, the trading team leader on the side, was silent for a while and responded: "Mr. Liu, I feel that the market does not have the motivation to continue to rise. Otherwise... I think we should stick to the original trading plan. Quickly reduce positions to avoid new market downside risks."

"Do you think the market will plummet again?" Liu Guanhai asked with some hesitation.

Yu Lei thought for a while and said: "It's hard to say. Although the important negative news in the market has come to fruition, the market trend is still far from everyone's expectations. And... even though the index's rebound yesterday was very powerful, it is still far from everyone's expectations." It seems that the trend of negative landing and bottoming out is out, but the follow-up long volume in today's market is really unsatisfactory, and companies like Beixin Road and Bridge, Beijiang Communications Construction, Kumho Group, and China Fortune Land Development , Gemdale Group' and a series of popular leading stocks did not command a significant premium despite yesterday's strong trend, which shows that the majority of active funds in the market do not have high recognition of the market at the current position."

"If these active funds in the market do not have high recognition of the market conditions."

"Then it will be difficult for the market to have a sustained money-making effect, and it will be even more difficult to attract active funds from the sidelines to enter the market and do long positions."

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"Without more funds to continue to take over the market, the hope that the market will continue to move upward becomes quite slim. In addition, after the index continued to plummet from above in the past few days, although the profits were not cleared, Less, but similarly, short-term hold-up orders have also surged a lot.”

"In this case, if the index cannot recoup its previous decline in one go, it will turn around."

"The market sentiment and everyone's confidence in going long will only become weaker and weaker as time goes by."

"In this way, it will become increasingly difficult for the index to regain lost ground."

"Also, the current position of the index is a bit like 'there is no village in front, and there is no store in the back'. In other words, there is no support at all above or below this position. If the market cannot go up, then the index will definitely not be able to hold down here. Yes, since it cannot be held back and the pressure to continue rising is huge, it is natural... the probability of the index going down is much greater."

"Look at the two main lines of 'infrastructure' and 'state-owned enterprise reform' that are the core of the market situation."

"In fact, the space and time for adjustment are not sufficient."

"Due to the disadvantage of information channels, we failed to fully grasp the best opportunity to reduce our positions, but now... I think it is time for us to correct our trading strategy."

After listening to Yu Lei's analysis, Liu Guanhai thought about it for a while and felt that it was quite reasonable. He couldn't help but sigh softly and said: "Hey, in the past two months, we have not been able to grasp the market buying and selling points very well. Ruyi, since the hope of the index continuing to rise is slim, and the sideways movement is difficult to hold, then let’s take advantage of the fact that market liquidity has recovered somewhat compared to before, and continue to reduce positions on rallies.”

Although he has always been quite stubborn in his trading strategies.

But at this moment, the net value of the 'Yinghui No. 1' fund is already below the benchmark level of 1, and the error tolerance rate has become very limited.

In this way, when he has the opportunity to reduce the investment risk of the fund, readjust his mentality and strategy, and start over, he has nothing to hold on to.

After all, no matter what, as long as you are alive, you will have a future.

If you continue to operate aggressively at this time, although it is possible to quickly make up for the net value loss caused by previous wrong operations, it is more likely to expand the investment risk, causing the fund's net value to suffer another heavy drop, approaching the warning line, or even the liquidation line, and losing the last mistake. Make up for the opportunity.

Therefore, after weighing the left and right, he agreed to Yu Lei's suggestion and continued to quickly reduce the fund's holdings of the main stocks of 'infrastructure' and 'state-owned enterprise reform', reducing the fund's positions to a safe enough area, and then waited for the market situation. With further clarity, new trading strategies can be made to recover the lost net worth.

Similarly, after a brief discussion between the two, they finally decided to continue to reduce their positions.

Inside Yinghui Fund Company, in the trading room on the other side, that is, the 'Yinghui No. 2' fund trading room, as a fund manager, Shao Xiaoyun, after carefully observing the changes in market conditions, also made the same strategy of continuing to reduce positions and no longer be greedy. So-called rebound profits.

"If the index cannot even stand at 2350 points, then there is no future at all." After issuing the trading strategy of continuing to reduce positions, Shao Xiaoyun stared at the big screen in the trading room and said, "Even the leading stocks with the strongest trends yesterday There is no premium for stocks, which is basically telling everyone clearly that the market is unlikely to go up."

Trading team leader Liu Changling heard Shao Xiaoyun's interpretation of the market, nodded with a smile, and said somewhat flatteringly: "Mr. Shao is right. Compared with yesterday's market trend, today's market does not have any upward momentum."

"Fortunately, we didn't increase our positions too aggressively yesterday." Shao Xiaoyun said with some luck, "Otherwise, I'm afraid it wouldn't be easy to get out today."

Compare yesterday's market trends.

Not only has the market shrunk significantly today, but many popular stocks are basically net selling by major funds. It seems that big funds are about to exit. There is no other way to exit quickly except actively smashing the market to kill the decline.

As many big money makers once again turned short from long, they decisively reduced their positions and sold on the market.

After 2:20, the market, stimulated by the news of the unexpected issuance of the 'Yuhang No. 3' fund, surged higher after a short period of shrinkage, then turned downward and ushered in a dive.

At 2:27, in only about 7 minutes, the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index all recovered all the intraday gains and fell back to near the flat market, and the major popular main lines in the two cities actively sold. The main funds are becoming more and more.

At 2:31, when the market trading time entered the last half hour of late trading.

The market plunge began to increase, and several major indexes jumped into the water one after another. The major popular main lines also continued to fall. The net outflow of main funds became larger and larger. Among them, a number of popular stocks, such as Beixin Road Bridge, Beixin Road Bridge, etc. Stocks such as Xinjiang Communications Construction, Shanghai Steel Union, Kumho Group' and other stocks almost plunged in a straight line into deep water. Not only did they lose their premiums, but they began to rip off people on a large scale.

At 2:43, the decline of the Shanghai Stock Exchange Index expanded to more than 0.5%, of which the ChiNext Index and the Shenzhen Stock Exchange Index fell close to 1%. Popular stocks have shown a trend of one-day tours. Even yesterday's extremely strong attitude, the daily limit rose to the limit today. Oriental Fortune, which had risen to a 6-point intraday gain, also showed signs of collapse at this moment. Not only did it give up all the gains during the day, but it also fell by nearly 2 points.

At 2:45, the market decline further expanded. Among them, Beixin Road and Bridge, the most popular leading stock in the two cities, fell to more than 5%. There were endless selling on the market, and at the same time, the time sharing capacity also increased rapidly at this moment. , seems to be on the verge of falling to the limit.

At 2:48, the Shanghai stock index fell all the way to more than 1%, and the GEM index even fell to about 1.5%. Among them, Beixin Road and Bridge's decline expanded to 7%, and Oriental Fortune's decline expanded to 3.5%. Almost all popular stocks , the trend was reversed, and large-scale fund selling continued.

At 2:51, when the market trading time entered the last ten minutes of late trading.

The crazy dives and retracements in the two cities have been curbed accordingly, and many popular stocks that have seen crazy declines have begun to recover their losses.

However, although the overall market conditions are improving.

However, the sentiment of investors in the market both inside and outside the market has continued to slip into a worse situation, and the market investment confidence that had been slightly restored before has collapsed once again.

"Damn it, this trend is really hopeless."

In today's intense discussion where all the funds chasing higher prices and increasing positions were locked up, and the loss effect of the majority of investors was extremely obvious, someone complained in the comment area of ​​the trading platform.

"Hey, as expected, the market trend never depends on human will."

"I thought I could rebound for at least a few days, but I didn't expect... this! It's so weak."

"It is understandable that the market plummeted before the bad news was released. After the bad news was released, the market continued to fall. It is completely unreasonable. What about the bull market that was promised? They are all liars."

"Hey, it's a trap again. I really shouldn't chase the highs today."

"It's unmeasurable. It's really abnormal. The 'Yuhang No. 3' fund that Mr. Su just launched, with a scale of tens of billions, was snatched away in half a day. I really don't understand why the market is so immeasurable. This money... Where have they all gone?”

"Is the market really short of money? I can't see it. The key is if you don't make money, who will come in?"

"Everyone is rushing to buy the 'Yu Hang Series' funds. That's because the 'Yu Hang Series' funds can really allow investors to make money. With the current general market situation of Big A, can people generally make money?"

"Making money? Haha... don't think about it, you can outperform 90% of investors without losing money."

"Hey, the rebound is so weak, I'm scared."

"Look at the trend of Beixin Road Bridge. It's really blinding. Yesterday the floor was on the floor, but today it looks like... it's on the floor again. It's really either rising or falling."

"Isn't that what monster stocks are like? Most people can't stand this kind of fluctuation."

"Hey, there is no premium at all. It seems that yesterday's floor board was simply a scam, or the main force saved itself."

"Yesterday's market trend really seemed like the main funds in the market were trying to save themselves."

"To put it bluntly, the market has not reversed at all. It is still in a downward trend. Damn... I was really deceived by those analysts who sang bullish."

"It was originally a downward trend. As I said, there is no bull market in the market at all."

"Everyone who believes in the bull market is stuck."

"Hey, you still can't be greedy. Once you take a bite, you have to get out of the way, otherwise you will be trapped in an instant."

"As the same saying goes, if you don't see a rabbit, don't let it fly. Yuhang's investment in Mr. Su's trading seat is that rabbit. As long as Mr. Su's trading seat is not re-purchased, it means that the market adjustment is not over."

"Hey, this diving trend at the end of the session is really unique."

"There is no support at all at 2,300 points. Again, let's see 2,200 points first before talking."

"None of those institutions that sing too much have good intentions."

"What the hell... I'm being cut back and forth, and I'll have to cut my flesh again tomorrow when the market opens. Hey... I don't think I'm suitable for stock trading."

"Don't speculate to win. Indeed, every time I buy the bottom, I do it on the mountainside."

"It really collapsed, and I was slapped in the face. This market trend is poisonous. It seems... I can't participate in the short term. Even if I participate, it can only be a light position."

"Fall, fall, just fall to the bottom once."

"What I'm afraid of is cutting my flesh with a dull knife. It would be too miserable."

"Hey, looking at this, it's likely that the market will continue to fall again for a long time."

"They say five are poor and six are perfect, and it is indeed true. I really didn't expect the continuous rebound in the market in early May. It was all an illusion."

In the constantly refreshing comment area, the bearish voices once again presented a one-sided situation.

With these bearish voices, the market's buying volume has also shown a further weakening trend.

Finally, when the market closed at 3 o'clock, the Shanghai Stock Exchange Index almost closed at its lowest point, down 1.07%, barely holding on to 2,300 points. The Shenzhen Stock Exchange Index and the ChiNext Index both fell more than 1.5%. The "Infrastructure" index rebounded strongly yesterday. , 'State-owned enterprise reform', 'Internet finance', 'Shanghai Free Trade Zone' and other popular main concepts suffered heavy losses again today, becoming the leading decliner sectors in the two cities.