Fan Qi took the microphone and asked, "Mr. Xu, you don't think there are no risks in the bull market, do you? You think the bull market will continue to advance without any adjustments, right?"
"But adjustments in a bull market require patience. Too many adjustments and stock changes will result in lower returns," said Xu Xia.
"Like the master, like the apprentice. Mr. Liao is famous for his same-day fresh products. As his apprentice, I also follow this path. If you are doing medium- to long-term investment, you can completely ignore this adjustment. However, for same-day fresh products, you may buy and sell on the same day, so of course you have to avoid adjustments of this level." She finished talking to Xu Xia and glanced at Xu Miaoer, "The same operation does not mean the same logic. We are optimistic in the long term, but in the short term, we will only be pessimistic for one or two days."
"If it's a bull market, why did it continue to fall yesterday and today?" Xu Miaoer asked her. "In a bull market, there will be sharp declines, but there are rarely continuous declines. Yesterday and today have been two consecutive days of decline. Do you think this is still a bull market?"
"Ms. Xu, this is the early stage of the bull market. Many people, like you, do not believe that the bull market has arrived, so they are moving forward in hesitation. There were too many profit-taking orders in the early stage. Isn't it normal to flee in the past two days? I will buy stocks tomorrow."
"Don't mention it's you tomorrow, I will also buy to hope for a rebound." Xu Miaoer retorted to Fan Qi.
"So tomorrow we will still buy the same stocks, but with different mindsets. I am optimistic that it will continue to go up, and you are betting on a rebound." Fan Qi said to Xu Miaoer, "We will definitely operate in this way with small accounts. However, because our judgments are different, our operations today should be very different. I think it is a bull market, small accounts enter and exit quickly, and their positions are very low. Large accounts will maintain a relatively high base position considering that it is not easy for funds to flow in and out. If you think this is a bear market and are bearish in the long term, small accounts can bet on a rebound, and large accounts will not be in a hurry to buy, and their positions should be very low. Contestants must report their accounts and accept supervision from professional judges. They must immediately proceed to the account verification stage. Otherwise, how about letting the professional judges take a look at the proportion of your and my holdings when they check?" Fan Qi asked Xu Miaoer.
At the end of each day, professional judges will review all of the contestants’ managed accounts.
Liao Jiqing said: "I support it."
Xu Xia also said, "Okay."
During the account verification process, there was no violation according to regulations. Professional reviewers are not allowed to disclose the account status of stock brokers. The bosses of the two stock brokerage firms agreed. Besides, it would not have any impact as it would only disclose the shareholding ratio of the account and would not disclose customer privacy or the status of individual stocks held.
After discussion, they unanimously agreed to announce it.
Professional review: "The operations of the 18 contestants met the requirements of the competition and there were no violations. At the request of the organizer of the competition, the account shareholding ratios of contestants Fan Qi and Xu Miaoer were announced. Contestant Fan Qi's client account position was 39.1%, and his personal account position was 4.7%. Contestant Xu Miaoer's client account 1 position was 7.7%, account 2 position was 4.5%, and his personal account position was 6.1%. "
After hearing this, Tang Yuanchao started to tease: "Fan Qi, the client account position is 40%, and the personal account is basically empty?"
"My personal account has less than 400,000 yuan, and the total assets of client accounts exceed 15 million yuan. Yesterday, the entire Hong Kong stock transaction was only 340 million yuan. If I don't buy in advance, will it work?" Fan Qi said with a smile.
The scale of funds managed by each broker is a selling point for attracting big clients. On the one hand, new brokers have limited connections and are unlikely to be entrusted with large funds. On the other hand, large funds are difficult to manage and it is more difficult to achieve results, so clients are also willing to trust experienced brokers.
It was surprising that Fan Qi, who had only obtained his license a few days ago, already had such a large account. To be able to give such a large commission, he must be a very powerful client.
"My position has already shown my view on the future stock market." Fan Qi looked at the guests and professional judges in front of him, "Do you have any questions?"
Tang Yuanchao looked around and asked, "Mr. Xu, do you have any questions?"
Xu Xia: “No more.”
Liao Jiqing led his people out and turned around to look at Xu Xia: "I'll wait.
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