Chapter 200 Nonferrous resources surge again
Xiao Bo sat on a chair in the office and turned his head to look to the side.
"Brother Xiao, can you please tell me which stocks I should buy now?" Old Chen asked anxiously.
Lao Chen and Xiao Bo are old friends in the computer city and have worked together for many years. With the decline of the real economy in recent years, he also followed Xiao Bo and began to sell goods on major online platforms, and worked part-time to supply goods to friends in major offline enterprises and institutions.
After having some free time, I became addicted to stock trading.
Unfortunately, his skills were not good enough and he lost 30% in the past three years. What made him even more sad was that he sold all his shares when the Shanghai Composite Index fell below 3,000 points before the New Year.
Now, less than two months have passed and the Shanghai Composite Index has jumped out of the deep pit of 2635 points.
He looked at the various hot spots in the market.
Thinking about the past when I cut my own flesh.
Thinking back to how Xiao Bo had repeatedly emphasized to me not to cut my flesh, I felt heartbroken.
"Xiao Bo, please help me ask, is there still a chance to get on the train? Will there be a callback?" Old Chen added in a low voice. He knew that Xiao Bo knew an expert and wanted to draw his own conclusion from other people's words.
Lao Chen is not an outsider.
Xiao Bo hesitated for a moment and then asked.
Li Feng listened to the voice coming from the other end of the phone and already knew why Xiao Bo called today.
Part of the reason was that he himself was unsure, but more importantly, his friend asked him to ask him, the stock god, to get some codes for getting rich from him.
However, it is easy to get the code to get rich.
But, can he get rich in the end?
It's difficult.
If virtue does not match one's position, disaster will surely occur.
Even if you become rich overnight, if your cognition is not in place, one day you will lose all the wealth you have gained and waste it, and you will not be able to control it.
During the real estate boom, countless people who were relocated became rich overnight.
But, only ten years later, how many people could have preserved the wealth they had gained back then? Not to mention increasing its value…
Most of them either bought luxury cars, good wine, good food and good clothes, or even worse, were set up, gambled, or cheated, and eventually lost everything.
The ideal situation is to buy real estate or deposit it in a bank.
However, nowadays, house prices are falling and bank interest rates are constantly decreasing. With the resurgence of inflation in the future, the wealth they own will be diluted and diluted again.
It's okay to be willing.
At least the former can slightly outperform inflation, and the latter still has the principal.
If you are unwilling to give up and envy others getting rich, you might sell your house, withdraw your savings, and invest in stocks and cryptocurrencies, make money through lending, or invest in various industries...
In the end, it's a mess again, a cycle.
Li Feng was lost in thought.
Xiao Bo couldn't hear Li Feng's reply, so he urged again: "Li Feng, the Shanghai Composite Index is still over 3,000 points. Is there still a chance to get involved? Will there be a pullback?"
As he spoke, he looked at Lao Chen.
A look of hope appeared on Old Chen's face.
Indeed, he felt uncomfortable in the past two months, with ups and downs, looking back and forth. He really felt uncomfortable about missing out, but he was reluctant to chase high prices.
As Xiao Bo asked, he hopes the market will have a correction and give him another chance.
Li Feng looked at the K-line chart of the Shanghai Composite Index. Indeed, it had been hovering around 3,000 points these days. No one knew whether it would rise or fall in the future.
However, when he opened his own selected stocks, it clearly pointed to one result - the Shanghai Composite Index had been distorted.
Just like when liquor stocks soared back then.
The index did not rise, but the sector has become a little crazy.
First coal, then color, eyebrows flying and face dancing.
He sighed softly and said, "Xiao Bo, the 3000 point level isn't too high, nor is it too low. But relatively speaking, it's still low. At this level, the risk of going short is very high."
"Is it very risky to be in a short position? I am in a short position and have not bought any stocks, so where does the risk come from?" Lao Chen couldn't help but ask.
"Isn't missing out on opportunities a risk?" Li Feng asked back.
Old Chen was speechless. He looked at the red screen of stocks selected by Xiao Bo on his computer, feeling anxious and regretful.
In the past few days, new policies have been introduced.
In order to promote large-scale equipment upgrades and the policy of replacing old equipment with new ones, some provinces have already issued documents and various funding packages are on the way.
This is another form of stimulating the economy.
It is equivalent to the previous 4 trillion yuan investment, but this time it is aimed at equipment upgrades and old-for-new replacements, while previously it was targeted at stingy people.
Perhaps stimulated by this news, non-ferrous metal stocks went crazy again, with copper prices in the futures market soaring by about 3%... aluminum, tin, and zinc followed closely behind...
So, as soon as the market opened on March 14th, Tongling Nonferrous Metals surged over 6%, hitting the upper limit a few minutes later, then opening again. Western Mining surged over 8%, reaching 19 yuan. Zijin Mining surged over 7%, reaching over 15 yuan, setting new highs...
After only a few days of adjustment, nonferrous metals surged again, but Lao Chen did not dare to chase high prices.
Stock trading is perhaps the place where Murphy's Law occurs most often.
The more you fear something, the more likely it is to happen.
The more Lao Chen fears missing out, the more likely he is to miss out.
Although the Shanghai Composite Index is still at 3,000 points, stocks such as coal, oil, nonferrous metals, and shipping have already sailed through thousands of mountains and he has missed the opportunity.
You can imagine.
Nowadays, there must be a large amount of funds waiting on the sidelines.
However, Li Feng had a feeling.
What you fear will come to you. It is very likely that the market will not give them the opportunity to cover their losses again.
This is also what he often emphasized. In the bottom area of the stock market, the risk of being short is very high, and in the top area of the stock market, the risk of being fully invested is very high.
"How about buying some AI stocks?" Old Chen suddenly had an idea. "AI stocks have seen a significant pullback in recent days. Can I buy some?"
Li Feng never buys stocks in the technology sector.
Because the risks of this kind of high-tech innovation are very high, it can be said that one person's success comes at the cost of thousands of lives.
The money is mine, not something that came from the wind. I will never waste money investing in such a high-risk industry.
Not to mention, is this AI real AI or fake AI?
Is it the VR craze of the past, or the gene hype of the past?
Nobody knows.
But, there is one thing he is sure of.
That is, the stock market is a very dirty place. Countless institutions, even hot money, will set up one scheme after another to achieve one goal after another in order to achieve the goal of seamless harvesting.
He would not jump into this kind of fire pit, nor did he recommend Xiao Bo to jump into it, let alone the stock market novice on the other end of the phone.
"I suggest you use some of your spare money to try it out, play around and learn a little bit first," Li Feng suggested.
It is impossible to succeed in stock trading overnight.
It took me nearly ten years to get the hang of it, and now, after more than ten years, I have some experience.
Even so, I still examine myself carefully at all times.
Xiao Bo, it has been about seven or eight years now, but even so, sometimes knowing is easier said than done. Many times, I know what I should do but still cannot do it. The two of us have discussed this many times.
For beginners, it is recommended to invest in stocks with spare money.
It is lucky to trade stocks now.
Those who have lost a lot of money in the past three years are even luckier.
Because, losing money in stock trading in a bear market is the best risk education.
The most frightening thing is that when investing in stocks in a bull market, you are fearless, have no risk in your mind, have no fear, and go all in. The result is a complete failure, and you lose everything.
Even families may be broken up and people may die.
—————
Fellow stockholders, please use your hands to make money and send one to your lover for free.
Your support is my motivation to update.
Continue read on readnovelmtl.com
