God of Rebirth Trader

From stock basics, to K-line candle charts, time-sharing trends, and market language.

Chen Weidong kept explaining to Uncle San.

Uncle San also made rapid progress, and within a few days he was able to understand the trend of a stock and perform independent operations.

Apart from these necessary knowledge, Chen Weidong did not impart many theories about the stock market to his third uncle.

Because he firmly believes that the market is something you feel and analyze yourself, rather than listening to what others say.

This is not what a trader needs to do.

Uncle San is very enthusiastic about stocks and is planning to buy some financial books, saying that he wants to study further so that he can become a powerful trader as soon as possible.

When Chen Weidong found out, he quickly stopped him.

In the original time and space.

Chen Weidong once saw that countless traders/investors with reasonable talents fell into an investment cycle because they read some financial theory books written by experts.

For example, when you read a book "XXX Stock Practical Techniques" written by an investment expert.

When similar situations or trends occur in the market, you will involuntarily think of certain theories in the book.

Then, you can't help but apply it, thus affecting your original judgment.

If you win by chance, it will be even scarier.

Because subconsciously, you will have a sense of identity with these theories, for example: "What the experts said does make some sense."

This kind of subtle psychological suggestion is enough to destroy an originally talented trader.

Once formed.

Unless your psychology is strong enough, the investment theories of those "experts" will be hidden in the depths of your mind, popping up from time to time every time you perform an operation.

Continuous interference affects your judgment until you exit the financial market.

After having a basic understanding of stocks, Chen Weidong and his third uncle opened a stock account.

after all.

Practice is the best teacher.

The trading hours of the Hong Kong stock market are from Monday to Friday every week.

AM:09:30--12:00

Afternoon:13:00--16:00

The market is closed on Saturdays, Sundays, and holidays.

In terms of time, the daily trading time of the Hong Kong stock market is one and a half hours longer than that of the mainland.

Uncle San was very excited when he was trading stocks for the first time and transferred 10 million directly to his stock account.

Countless people enter the market with the dream of getting rich suddenly.

Chen Weidong asked his third uncle to pick stocks by himself and get a feel for the market atmosphere first.

In 1996, in some of the larger financial institutions in Hong Kong, computers had become popular and there was no need to go to the stock exchange.

Chen Weidong also spent a "huge amount of money" to purchase several IBM computers a few days ago.

In this era of first-tier cities in mainland China, where the per capita annual income is only a few thousand yuan, an IBM that costs easily 30,000 to 40,000 yuan is out of reach.

Business users are the targets of these big-name overseas computer companies.

Even if you buy the accessories yourself and assemble a 486 computer, it will cost more than 10,000 yuan.

This is almost three years' salary for an ordinary worker.

Earlier.

When there is no computer in the Hong Kong stock market, trading is done by phone.

The customer calls the red vest (trader) on the floor, and the red vest quotes the price, writes it on the bulletin board, reads the bulletin board, and concludes the deal.

Even if you have enough manpower, you can use an abacus to trade stocks and calculate the market index by hand.

(Refer to "The Great Era")

Now, Chen Weidong and the others only need to pay an additional fee and activate online trading, and they can place orders on their own computers.

Chen Weidong drank a cup of tea, turned on his computer, and looked at the trend of the Hang Seng Index in recent years.

It went through a round of gains before.

The Hang Seng Index is now hovering around 0.0, fluctuating and consolidating repeatedly, and failing to break through on two consecutive upward moves. It seems that there is a risk of a correction in the near future.

Chen Weidong came to this conclusion and was about to remind his third uncle to wait and buy again.

Unexpectedly, less than half an hour after the market opened, Uncle San had already invested all 10 million.

"What's going on? Are you all in position right now?"

Chen Weidong was dumbfounded and had to admire the courage of these newbies. If they were in Big A, they would have been trapped long ago.

"Haha, I've already gained 3 points and made a profit of hundreds of thousands."

The third uncle was so pleased with himself that he couldn't help but show off.

"What stocks did you buy?" Chen Weidong couldn't help but ask.

"Lenovo Group, what do you think of this stock? Is it very promising?"

The third uncle responded.

Chen Weidong came over and took a look, and found that it was really the Lenovo who made computers in his previous life.

The current stock price is about 0.5 yuan.

In the 1990s, Lenovo still had certain innovation capabilities, but considering the recent market factors, Chen Weidong still advised:

""I feel that there will be a wave of adjustments in the near future, so it is better to clear positions temporarily."

According to his estimation, if nothing unexpected happens, the market should fall back higher and close with a cross star today.

The cross star at the top of the stage means that there is a big difference between the long and short sides, and it is also a signal that the market is about to reverse.

I can’t say for sure, but it’s a high probability.

The third uncle didn't think so.

In his opinion, the rally has just begun, and the market is also rising slowly. The current trading volume is very active, and many people must be grabbing chips.

In fact, just as he had done by mistake, Lenovo Group started to rebound after falling slightly in early trading and continued to rise, even reaching an increase of 8% during the session.

In less than two hours, Sanshu's market made more than 700,000 yuan.

This is much more exciting than a casino.

If it weren't for Chen Weidong's pull, he would have added tens of millions to his position.

A gambler moves from one gambling table to another.

The fangs of greed are revealed as soon as you start trading in the stock market. This may be the magic of the capital market.

Xiangjiang stock market trading implements a "T 0" trading system.

Stocks bought on the same day can be sold on the same day.

For the same stock, within one trading day, you can use the same fund to buy and sell multiple times.

And while implementing the "T 0" trading system, there is no limit on the price increase or decrease.

Uncle San can sell his stocks at any time if he wants.

However, he was already on top and couldn't listen at all.

Seeing his uncle's greedy appearance, Chen Weidong had an idea and short-sold 20 million shares of Lenovo Group.

This is also a major feature of the Xiangjiang stock market. It can not only go long but also short.

To put it simply and straightforwardly, a normal purchase like Sanshu’s is called “going long”.

And Chen Weidong's "short selling" means that he is not optimistic about the trend of this stock and needs the stock to fall to make money.

However, in the Xiangjiang stock market, there are only more than 100 stocks that can be short-selling.

Among them is "Lenovo Group".

The market is closed at noon.

The third uncle was very excited and boasted about how bright the future of computers was.

I just regret that I entered the market too late.

Thinking that he had won the first battle, he waved his hand and called the Michelin restaurant to order some shark fins.

In his words, people in Xiangjiang make money by buying stocks, and that’s what they eat.

We should do as the Romans do.

"Shark's Fin for Rice".

Very high-end.