Rebirth of the investment era

Liu Changling said: "Now that the market trend has formed, the only correct way for us is to follow the trend. As for chasing highs... At this time, the Shanghai Stock Index broke through the 2300-point mark not long ago, and it rose to the 2500-point range. There was basically no substance. pressure."

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

"Essentially, it has just begun to emerge from an upward trend."

"At this time, the market expectations for these two main lines are turning from the previous divergence stage to fully consistent. And due to the weakness of the main line of 'technological growth', the active financial groups in the entire market will only become more and more towards the 'military industry' ' and 'infrastructure' are two main lines concentrated."

"Taking it all together, it is at this time that we follow the main lines of 'military industry' and 'infrastructure' and adjust the previous wrong trading strategies. It is not chasing highs, but returning to the correct investment path. And... this At that time, the investment opportunities in the two main lines of 'infrastructure' and 'military industry' have actually just turned to the right."

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

“If we want to refocus the fund’s main positions on the two core lines of ‘infrastructure’ and ‘military industry’ in the future, I’m afraid we will really have to keep chasing highs to raise funds.”

"After all, no matter what aspect you analyze it from."

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

"Look at the line of 'technological growth'."

"After countless funds were buried, the chip structure became chaotic again. Coupled with the direct negative blow from 'LeTV', everyone fell into a stage of obvious doubts and doubts about the investment logic of the 'tech growth' line. The two main directions of 'infrastructure' and 'military industry' continue to have a siphon effect on active capital groups in the market, which shows that as expected, the line of 'technological growth' will only become weaker and weaker."

"Only by being more decisive at this time can we avoid further losses in the net value of the fund account."

"Only in this way can we quickly reverse the mistakes we have made in our trading strategy in recent times!"

After listening to Liu Changling's analysis, Shao Xiaoyun thought about it carefully for a while, and finally gritted his teeth and said: "Okay, just as you said, we will quickly adjust the trading strategy. We will use the best chips on the entire 'Technology Growth' main line. Reduce positions as quickly as possible, regardless of cost, and the market price will fall. In the shortest possible time, we will reduce as much as we can, and we will never hold back.”

"At the same time, the funds used to reduce positions and withdraw funds were also used to quickly buy stocks of core components with good expectations in the fields of 'infrastructure' and 'military industry' at market prices regardless of cost. We tried to correct our previous wrong trading strategies as quickly as possible and recover from the past two days. The trend pattern of a sharp retracement of the fund’s net value.”

"Okay!" Liu Changling responded.

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

"Changling..." When Liu Changling quickly issued trading orders and planned to correct his previous trading strategy, Shao Xiaoyun thought for a moment and then asked, "Do you think...at this time, we are in the two sectors of 'infrastructure' and 'military industry'?" As the main line turns around and increases positions again, which stocks should be better chosen as core positions? 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 their emotional peak, and many stocks have 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 core-weighted large-cap stocks that are better, have stronger expectations, and have equally good sentiment?”

"What about?" Liu Changling did not answer directly, but continued to ask.

Liu Changling responded: "According to my observation, the two main lines of 'infrastructure' and 'military industry' have relatively hot expectations and sentiments, and the market liquidity is large, capital participation is high, and the net inflow of main funds is also large. Among the core large-cap stocks, the trend patterns of "Huaguo MCC, Huaguo Railway Construction, Huaguo Communications Construction, Huaguo Construction, China Aviation Optoelectronics, and China Aviation Power" should be the best. At the same time, compare the core stocks that Manager Shao just mentioned Popular concept stocks also have relatively lower valuations and stock price positions, and in comparison, the risk of short-term corrections is also lower."

"Okay!" Shao Xiaoyun's thoughts were basically the same as Liu Changling's. He also felt that chasing popular concept stocks with high sentiments at this time would easily hit short-term highs. Relatively speaking, weighted large-cap stocks with better liquidity would , the stock price trend will be more stable and more suitable for their position adjustment strategy at the moment. He couldn't help but nodded and said, "Then let's quickly adjust positions according to the strategy and target stocks you mentioned!"

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

And when they made up their minds to completely cut off their main line chips of 'technological growth', they were pursuing high-level core weight stocks with ample liquidity in the fields of 'infrastructure' and 'military industry'.

There was another trading room right next door to them.

Liu Guanhai, who was in charge of the 'Yinghui No. 1' fund product, once again went wrong with the market rhythm and his heavy positions were buried. He gritted his teeth and made the same trading strategy as Shao Xiaoyun and others, which was to cut positions again. Wrong-paced funds have heavily invested 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 of all types.

The main lines of 'Infrastructure' and 'Military Industry' have formed an obvious continuous upward trend, and the market has completely exceeded 2300 points, forming trading opportunities on the right side. More and more people are leaning towards the main boards of 'Infrastructure' and 'Military Industry'. 'Field layout and high pursuit of chips.

Even the domestic first-class large investment institutions such as E Fund, Huarui Public Equity Fund, and Huaxin Securities Proprietary Investment Strategy Department, which were previously staunch allies of the 'Pingyin Asset Management' institution, have all begun to switch sides at this moment and cut off large-scale cuts. positions, and actively sell chips in the main line of 'technological growth', while also pursuing chips in the main areas of 'infrastructure' and 'military industry' to seize core high-quality stock chips.

Of course, there are also institutions that still stick to their original views and have not cut their positions on the main line of 'technological growth'.

For example, within Yuhang and Jingda Investment Company, in the main fund trading room, fund manager Lin Tingzong, after pondering and weighing for a long time, still planned to stick to the chips previously deployed in the main line of 'technological growth', and did not follow everyone in panic selling.

"Old Lin, the emotional response to the two main lines of the market, 'infrastructure' and 'military industry,' is really getting hotter and hotter." Standing behind Lin Tingzong, Gu Chijiang frowned at the changes in the market prices and said with some trepidation, "What do you mean? Will the 'Technology Growth' line, after today's large-scale clearing of panic selling, usher in a favorable rebound, allowing us to find a relatively suitable selling point? I feel... a little unsure!"

Lin Tingzong's eyes were firm and he said: "The market sentiment response is like an ebb and flow. Although the current market sentiment and expected hot spots are no longer on the line of 'technological growth', everyone is crowded on the 'infrastructure' and 'military industry' lines." There are two main lines, but no matter how the market goes on one main line, the emotional side cannot always remain at the peak, which is unrealistic and not in line with the laws of the market."

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

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

"This is just like a big bull stock that the market expects to be positive. Its trend cannot be smooth. The trend will lead to peak managers' sentiment and underestimation."

"This phenomenon is the same when it comes to the trend development of the main market."

"What's more, the entire 'big infrastructure' and 'military industry' main lines involve so many market industry sectors and concept sectors, the number of concept stocks involved is hundreds, and the market value involved is trillions. Such a big The main line of expectations is that the trends cannot be consistent, nor can they continue to make rapid progress.”

"So, we don't need to chase him at this time."

"When a major market trend develops, there cannot be only one buying point."

"Similarly, in the weak main line where expectations are gradually lowered and funds are fully fleeing, the market trend will not even rebound and just fall all the way down."

"I recognized the market style and the main line of the market, and the switch was smooth."

"We also admit that we were careless in the past two days and failed to grasp the first buying and selling point, make appropriate position adjustments and switch, and change the trading strategy."

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

"You have to think calmly."

"The 'Technology Growth' line has collapsed today, and many core concept stocks have reached their daily limit. In other words, in the market at this moment, the funds that are not optimistic about the market trend of this line are all on a large scale. If we follow the trend and sell at this time, first of all, there is no good price, and secondly, when we reach this situation, it doesn’t make much sense to take the initiative to sell if the price falls.”

"At this time, near the intraday sentiment high point, it is even more undesirable to pursue core hot stocks in the fields of 'infrastructure' and 'military industry'."

"After all, faced with such a large market value of the two main lines, there are so many concept stocks."

"Given the current lack of sufficient liquidity in the market, as well as the incremental funds that have not yet fully caught up, once these two main lines cross the emotional high point, the stock price will inevitably fall back due to the insufficient capacity to accept funds."

"in a sense……"

"Yesterday's comprehensive surge in the main areas of 'infrastructure' and 'military industry', as well as the independent strengthening and skyrocketing trends of many popular core concept stocks in these two main areas for many consecutive days, have accumulated too much in the short-term investment time line. The profit margin must be digested.”

"So, I concluded that when the market hours went into the afternoon."

"The market prices in the two main areas of 'infrastructure' and 'military industry' are very likely to briefly dive and correct, maintain a volatile trend, and will not be able to break through as strongly as yesterday."

"And when the main areas of 'infrastructure' and 'military industry' dive and call back."

"Then, under the current seesaw effect of the market, many funds that have been withdrawn from the fields of 'infrastructure' and 'military industry' will definitely follow the logical inertia of the market's 'seesaw effect' and intervene in the field of 'technological growth' , conducting bargain-hunting operations.”

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

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

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

"If we had made a strategy switch at that time, the relative losses and the impact on the net value of our fund would have been smaller than now."

Speaking of this, Lin Tingzong still maintained a sharp gaze in his eyes.

And have full confidence in your own judgment.

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, you really want to survive in this murderous financial trading market for a long time.

The most important thing is not to prevent 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, adjust trading strategies, and make your trading operations and corresponding strategies the best. It's always changing based on 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 and carefully considered what the other party had just said. After a long time, he gritted his teeth and nodded, saying: "Since you If we firmly believe that the market will change like this next, then we...just continue to wait!"

As the saying goes, don't trust people when you employ them, and don't use people when you are suspicious.

Judging from his performance since he appointed Lin Tingzong as the company's main fund manager, the other party's thoughts and opinions on market conditions and disks are indeed much more unique than his, although...at this moment, his inner thoughts always felt that Lin Tingzong His view was a bit too optimistic, but thinking that since the other party was so confident and the logic of the analysis was consistent, and in line with the development laws of the financial trading market, I suppressed my refutation.

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

Before I knew it, the market trading time had reached 11 am.

I can see that the main money-making effects of the two markets are still centered around the two main lines of 'infrastructure' and 'military industry', and the growth gap between the Shanghai Stock Exchange Index and the ChiNext Index has remained at around 2%. Among them, the Shanghai Stock Exchange Index has already Successfully standing at 2390 points, we are really one step away from the 2400 point mark.