Chapter 337: Conservatism First, Winning Without Loss

Wednesday, November 6, 2024.

Jisilu temperature: 20.54, Shanghai Composite Index: 3395.22 points.

Across the ocean, there is a fierce competition for the presidential throne.

Capital in the A-share market is also engaged in fierce competition.

After adjusting for over a month, Eastmoney suddenly broke through its October 9th high with significant volume. A large number of gamblers rushed in, driving brokerage stocks soaring. CITIC Construction Investment was suspended, and First Capital and Hualin Securities were capped...

At the same time, the military sector, stimulated by the Zhuhai Air Show, continued to surge forward, with Chenxi Aviation, Aerospace Rainbow, and AVIC Shenyang Aircraft Corporation all rising for two consecutive days...

In addition, the Beijing Stock Exchange surged 6%, and some 20cm long legs made investors drool...

Subsequently, the minor metals sector began to perform well again. Yunnan Germanium Industry once again hit the daily limit, while Hua Tin, Industrial Silver and Tin, and Baosteel surged by more than 6%.

Also, the smart car sector, from JAC, to Seres, and now to BAIC BluePark, has directly hit the daily limit...

Li Feng has not been to the VIP room these days.

Because, ever since the bull market began, things have been shrouded in fog and confusion, with more than a dozen large investors arguing all day long, making people feel upset and confused...

Beside, Zhao Xinyue walked in at some point and saw the red plate. She couldn't help but swallow her saliva and said:

"This market is really good! My goodness, Seres doesn't move much normally, how come it doubled in just two months?"

"Alas... If I had known earlier, I would have bought more. If we had gone all in, we would have made a fortune."

"Also, I think the leading brokerage firm, Oriental Fortune, is also pretty good. It's broken through a new high and has almost tripled in value since its bottom. And..."

Li Feng smiled, turned off the computer, and said:

"Xinyue, you still haven't gotten over your gambling addiction, and you haven't looked at this market objectively..."

“It’s rising because it should be rising, but now that it’s here, it’s rising a little faster…”

"As for your position, never invest in just one stock at any time, no matter how confident you are, even if you are 100% sure..."

"Because, in this market, we have no say. Compared to this huge capital market, we are just a tiny drop in the ocean."

"The slightest mistake, a black swan event, or even a seemingly insignificant splash, is something we cannot afford..."

"Also, regarding investment, value should always be prioritized. Not losing money is a win. Don't gamble..."

“Those dazzling themes are castles in the air. Only outstanding performance can bring the soaring stock price down to earth.”

Zhao Xinyue curled her lips indifferently after hearing this.

Li Feng saw it and knew that she didn't take it to heart.

This is normal.

In this market where hundreds of stocks are competing for attention and monster stocks are emerging one after another, only a very few people can control their greed and execute their operations objectively and rationally...

Most people just go with the flow and catch monsters and bulls.

The final result is that you get lost in chasing rising and falling prices, and ultimately gain nothing...

Shareholders exchange:

1. "Little Wang Ya": "I just took a look at the XY convertible bond and it's almost a 10-point return. That's great."

At that time, that price was clear.

However, many people would rather deposit their money in the bank than use it to buy bank convertible bonds.

In this bull market, there is a high probability that the shares will be converted.

Just treat it as a high-interest certificate of deposit. Don't mess around with it and try to gamble on some stupid stocks.

Assets must be stratified.

Conservative assets must be kept conservatively and not moved around.

Offensive assets must ensure a certain degree of offensiveness while maintaining safety.

2. “Huang Laoxue loves to boil water”:

"I'd like to ask: After the resumption of trading, the closing prices of Heavy Industry and Shipbuilding have consistently traded at a discount of -0.1% to -1.8% to the exchange ratio. Over the past four days, however, this has reversed to a premium of 0.2% to 1.5%, increasing daily. Is this due to the financial report? Or is there an expectation of unbundling the two stock prices?"

I haven't been paying attention to this industry recently.

These are all trivial matters. We should focus more on macro analysis and industry research.

3. "Chen Guanchong of Beiping County": "Sir, can you analyze this? I've been very cautious about this gap and haven't taken any positions."

The blogger is not proficient in technical analysis and does not recommend it.

Generally speaking, technical indicators are useless for trends that last for one or two days, or even ten days or half a month.

Perhaps, only a trend lasting one year will be of some use.

The blogger is good at macro, industry and individual stock analysis.

In fact, as long as the logic is correct, all quantities, prices, and K-lines must obey this logic.

These quantities, prices, and lines will be used in various ways that you would never imagine.

Or, the trend you expected,

Finally, turn logic into reality.

The blogger believes that the most important thing in investing is to improve your own cognition.

Simply studying these K-lines is putting the cart before the horse, trying to catch fish in a tree, and is a mentality of looking for shortcuts and wanting to make quick money.

However, in the stock market, once you have this mentality, there will be ten thousand ways to trap you, making you unable to extricate yourself and eventually lose yourself.

For example, study insider information, study K-line trends, study volume and price, and study various seemingly magical indicators.

Instead of studying these mysterious indicators,

It is better to study the macro, industry, and target fundamentals in a down-to-earth manner.

Wait, wait, the results from the Americans haven’t come out yet.

A group of gamblers in the A-share market started a crazy bet around Sichuan University Zhisheng and Hals, betting that they would not be the last one to come.

When you give someone a rose, the fragrance lingers on your hand.

Friends who have time, please urge me to update my content.