The investment era of rebirth

Liu Changling said without any hesitation: "It is definitely more appropriate to focus on conservative investment strategies. At the end of the year, there is a certain degree of uncertainty in market news. At the same time, in terms of policy, it will not be at this time.

There have been too many changes.

In addition, during this period, various institutions and private equity funds in the industry have certain net worth settlement needs.

Furthermore, it is true that after this period of continuous decline, the core main lines of 'big finance', 'big infrastructure' and 'military industry' have completely collapsed.

And these core main lines still have a great impact on the market trend.

You can see this by looking at today's market trends.

In the core line of 'film and television media', it has achieved a certain profit-making effect, and in the three core lines of 'big consumption', 'mobile Internet' and 'smartphone industry chain', it has gradually gathered the market's bullish sentiment.

, the main direction of capital investment is also flowing in and converging towards these main lines.

When the main lines of 'big finance', 'big infrastructure' and 'military industry' have clearly collapsed.

It has directly destroyed the market trend of the entire market, dragging the core main lines such as 'film and television media', 'big consumption', 'mobile Internet', and 'smartphone industry chain', which have certain money-making effects, into deep water, causing the entire

The market has seen a sharp decline.

Let’s look at today’s market performance and trends.

At least under the current situation.

It is impossible to see that the core main lines of 'film and television media', 'big consumption', 'mobile Internet' and 'smartphone industry chain' can support the market trend and shape trend of the entire market and replace 'big finance','

The three core main lines of "big infrastructure" and "military industry" have formed a new core driving force of market conditions, reversed the current market trend pattern, and further driven the bull market upward.

For now, it is the absolute emotional core of the market.

In other words, the core main sectors that can most affect investor sentiment are still 'big finance', 'big infrastructure' and 'military industry'.

We also look at future expectations, policy aspects, and performance explosive capabilities.

In fact, the main areas such as 'Big Consumption', 'Mobile Internet', and 'Smartphone Industry Chain', which have formed certain money-making effects and popularity, are obviously not as good as 'Big Finance', 'Big Infrastructure', and 'Military Industry'.

The big core main line just means that the current chip structure of the core main line areas of 'big consumption', 'mobile Internet', and 'smartphone industry chain' is relatively better than that of 'big finance', 'big infrastructure', and 'military industry'.

'These are the core main lines.

but……

We invest and trade.

You cannot make large-scale adjustments to positions, change investment directions, and change trading strategies just because of the advantages in chip structure.

Paying attention to the chip game, paying attention to emotional trends, and ignoring its fundamental logic is what short-term funds and hot money do, not what our institutions should do.

If our investment vision and trading operation time period.

In fact, within three to five days, or a week or two.

So, there is no problem in doing this, paying attention to the chip game, and paying attention to the emotional trend.

However, the reality is that we cannot do this, and there is no way to do so. After all, the amount of funds currently managed by our funds cannot be compared with many large private equity institutions in the industry, but there are still billions of funds.

After all, this level of capital cannot be used for short-term trading or short-term movement.

Really want to achieve excellent results.

We still have to seize the opportunities in mainline investment, deeply study the fundamentals of individual stocks, and optimize investment strategies and trading strategies.”

"Well, what you said makes some sense." Shao Xiaoyun nodded and continued, "How specific is the conservative strategy you mentioned? How much should we reduce the fund's position? And the position structure after reducing the position

How should we adjust it?"

Liu Changling thought for a while and said: "According to today's market trend, the Shanghai Stock Index is definitely not stable at 3600 points.

The Shanghai Stock Index is unstable at 3,600 points.

That is, the key support level of 3600 points has been broken.

The level with some slight support below is only 3500 points.

Moreover, as far as the support strength of 3500 points is concerned, at the end of the year, all major institutions will conduct net settlement, and the desire to increase positions is not strong, and the market's long strength is weak, I think... I am afraid that there is a high probability that it will not be able to hold on.

Even if it reaches 3500 points, it won’t be able to hold on.

If the Shanghai Index continues to fall, it will only test support at 3300 points, 3200 points, or even 3000 points, which is currently the dividing line between bulls and bears that everyone agrees on.

And once the Shanghai Stock Index really moves like this, the market's adjustment time period and spatial extent will increase significantly.

The market trend and uncertainty will also increase greatly.

At least the switch to the main line market will not be easily completed, and the money-making effect of the market will definitely be further reduced.

In this way, it will be more difficult to make money.

If the market really goes like this, my suggestion is that we continue to reduce the fund's position to 20% of the minimum position standard and just leave a bottom position.

As far as the current trend is concerned, if we maintain a sufficient light position,

The probability of avoiding the risk of falling is still far greater than the concept of shorting the market.

Furthermore, even if the market situation reverses, even if the core main lines of 'big consumption', 'mobile Internet', 'smartphone industry chain' and 'film and television media' have unexpectedly completed the transformation of 'big finance','

The market prices of several core main lines such as "big infrastructure" and "military industry" have changed, and the Shanghai Stock Index has stabilized near 3,500 points, forming a reversal in trend and starting to move further towards 3,800 points, or even higher 4,000 points.

This chapter is not over yet, please click on the next page to continue reading! After we further confirm the main line of the market, the index completely reverses and returns to the upward trend.

Make a more certain investment opportunity on the right.

It’s also completely within reach.

On the contrary, if we radically increase our positions at this time and rashly transfer our main positions to the core main lines of 'big consumption', 'mobile Internet', 'smartphone industry chain' and 'film and television media', then once the market

Continue to ride the mud and sand.

It continues to be dominated by core themes such as ‘big finance’, ‘big infrastructure’, and ‘military industry’.

Dragging it down sharply, it lost important support.

Then, the impact on the net value performance of our fund products will be huge.

Moreover, at that time, in addition to the retracement of net worth, we will also become quite passive in adjusting positions and exchanging shares, making it difficult to actively look for new opportunities.

Therefore, I think it's time to take advantage of the market just falling below 3600 points.

Taking advantage of the fact that the market's investment sentiment has not deteriorated further.

We quickly further reduced our position, reduced the fund position to 20%, and controlled the net value of the fund to further withdraw in the subsequent downward trend of the market with high probability, which was a very suitable time.

As for the layout of the position structure after reducing the fund position to 20%..."

Liu Changling paused and continued: "At present, the line of 'film and television media' is still very strong, and in this time period at the end of the year, there are strong expectations of hype and fundamental changes. I think

After reducing the position, the position structure can be shifted towards the line of 'film and television media', or we can use a small position to bet on the subsequent market trend of this main line of conceptual themes to see if we can reap some profits.

With a small position layout, even if you lose money, it will not affect the net value of the entire fund too much.

And if you make money, it will be an unexpected surprise.”

"The line of film and television media..." Shao Xiaoyun squinted his eyes, thought for a moment, and said, "It is also a good investment direction. What is the specific target?"

The overall market value and circulation volume of the film and television media line is not large.

The amount of funds that can be carried is limited.

Since they decided to build a position in this main line of conceptual themes, they naturally had to do careful research and discussion on the target selection.

Liu Changling said: "On the 'Film and Television Media' line, stocks with excellent fundamentals and strong short- to medium-term expectations have basically been selected by the market. The first-tier stocks of 'LeTV, Huayi Brothers, and Enlight

Media and Huace Film and Television are all pretty good, and the ones with explosive capabilities, Ciwen Media, Tangde Film and Television, Huawen Media, and Huawen Media, are also pretty good. I think the choice of target should be based on the main capital flow in the market and the disk.

Just choose based on the strength of the trend, and try to choose popular stocks instead of unpopular stocks.

After all, hot stocks are always in the spotlight.

The pros and cons are all obvious and easy to study and grasp.

However, it is difficult to detect the specific advantages and disadvantages of unpopular stocks, or the potential major hidden disadvantages and fundamental risks.

In this way, the investment risk of unpopular stocks is relatively high.

Although our organization is now somewhat famous in the industry, and the company's investment research level is not bad, in terms of news channels and information collection capabilities, it is obviously not as good as many large institutional groups in the industry.

Therefore, we are choosing investment targets.

I think it's a little safer to stay as close to popular stocks as possible.

At this stage, we do not seek to earn excess market profits, but only seek to have a stable net value of the fund, to be able to keep up with market trends, to grasp market trends and hot spots, and to maintain a keen sense of market conditions. I think that is enough.

As for earning excess profits, that will only happen after this round of market adjustment is over."

"Okay, then let's follow the investment strategy and trading strategy you mentioned."

Shao Xiaoyun thought about it carefully for a while, and finally felt that Liu Changling's analysis was reasonable, and the investment strategy and trading strategy proposed by the other party were quite rigorous and complete compared with his own ideas just now.

Liu Changling saw that Shao Xiaoyun had retracted his previous thoughts and listened to his own opinion.

He couldn't help but breathed a sigh of relief and nodded with a smile.

As the two discussed market trends, they further revised their previous investment strategies and trading strategies.

In the market, discussions about market trends, debates over long and short views, and debates over the gains and losses of the Shanghai Stock Exchange Index at 3,600 points are still extremely intense.

And in the evening, this long-short debate intensified.

Especially late at night, when the external market trend opens lower and moves lower again, forming a plummeting situation.

Throughout the two days of the weekend, bullish sentiment was suppressed by bearish sentiment, and as bearish sentiment increasingly gained the upper hand, many investors became more and more worried.

However, everyone is worried about the market trend next Monday.

I am worried that the market will plummet further and continue to break through the support level below. I am also worried that my stock holdings will plummet, and I am worried that I will lose money.

Really when Monday comes.

On December 15, the two cities once again ushered in the opening trading time.

The Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index, several core indexes, actually did not open lower, but maintained a rather stable flat opening trend when the external market was negative and the domestic sentiment was not very good.

And after the market opens.

Before everyone could fully react, the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index all turned red and rose.

Moreover, in the process of the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index turning red and rising, the core main lines of 'Big Finance', 'Big Infrastructure', and 'Military Industry', which had performed extremely weakly last week, actually rose one after another, forming a relatively weak trend.

There are obvious signs of a rebound trend. On the contrary, the three core main lines of 'big consumption', 'mobile Internet' and 'smartphone industry chain', which were relatively strong last week, are now relatively weak and lagging behind the broader market trend.

Of course, among them, the only other one is the line of ‘film and television media’.

The entire 'film and television media' sector, following the simultaneous interpretation of the 'big consumption', 'mobile Internet' and 'smartphone industry chain' last week, has achieved a partial profit-making effect and attracted the attention of many major funds and investor groups.

attention, and gathered a certain amount of discussion in the market.

Today, the market is rebounding.

When it becomes the three core lines of ‘big finance’, ‘big infrastructure’ and ‘military industry’.

The entire 'film and television media' sector actually began to fluctuate and rise following these three core main lines. It continued to gather market discussion enthusiasm, continued to show a partial money-making effect, and continued to attract many major funds that followed the trend, as well as short-term speculation funds to intervene.

.

"Haha, this trend is really weird."

I have seen that the market trends of the main lines of 'big finance', 'big infrastructure', and 'military industry', and 'big consumption', 'mobile Internet', and 'smartphone industry chain' have become an obvious seesaw effect. At the same time, I have seen that 'film and television'

The media sector is like a wallflower, whichever rises depends on the market trend. At this moment, inside the Zexi Investment Company in the Magic City, in the main fund trading room, Zhou Kan watched the changes in the market prices of the two cities in surprise, and couldn't help but feel relaxed.

He chuckled softly and sighed: "The seesaw effect between the two cities has reappeared. Such a trend...I am afraid that the time for adjustment will be even longer!"