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Shandong Li Yunfeng
The stock market is also a place rich in wealth myths. Wuliang Warrant rose from 1.20 yuan to 11.67 yuan in a very short 27 trading days, which is the king of warrants. After the Golden Week, warrants were extremely crazy, and Wanhua's put rose as high as 71% in a single day. The popularity of warrant trading has attracted many investors. Whether they can use warrants as stocks has become a choice for many investors.
Let's talk about the temptation of warrants first. The high yield of warrants is the most popular driving force. The opportunity of warrants does not lie in investment, but in the sharp fluctuations caused by amplified leverage. This huge fluctuation value and day round trading are the biggest charm of warrants. What's the fatal point of warrants. Warrants are different from stocks. Once they expire, some warrants will become waste paper. There are many risks for retail investors to speculate on warrants. The first is transaction channel risk. At present, in many business halls, there is a jam of entrustment. If you cannot sell the stocks you have bought, you can still sell them tomorrow. However, the decline of warrants in one day is generally amazing. Once you want to sell but cannot sell them, the loss is fatal. The second is the lack of time to mark the order. The most taboo for buying and selling warrants is not to look at the order after buying them. However, for a long time to look at the order, ordinary investors lack conditions. Thirdly, the speculative mentality of warrants is very tired, which easily leads to excessive fatigue, and the operation under the exhausted state is often a mistake.
The author believes that the only condition for retail investors to participate in warrants is to clearly know and judge a certain shares It will increase several times, but the warrant is obviously undervalued, just like the original Wuliang warrant. In other words, only warrants that can be used as stocks can participate. For example, if SDB issues warrants at a price of 6 yuan and the warrant price is 1 yuan, it can participate. But there are few such opportunities. Generally speaking, Murphy's Law plays a more important role in warrants. "When you feel that the situation will deteriorate, it will usually deteriorate". Therefore, as a retail investor, speculative warrants have almost no advantages. It is the treasure of survival not to compete in areas where they have no advantages.
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