Hu Xijin: The newly bought shares have become black swans, losing nearly 70000 yuan

Hu Xijin: The newly bought shares have become black swans, losing nearly 70000 yuan
16:23, April 25, 2024 Sina Finance

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   【 Hu Xijin's Column

On April 25, the three major stock indexes ended up and down at different levels. The Shanghai Index closed at 3052.9 points, up 0.27%, the Shenzhen Composite Index closed at 9264.48 points, up 0.14%, and the GEM Index closed at 1764.73 points, down 0.04%. After the session, Lao Hu released his latest stock speculation diary, saying that over the past week, Lao Hu's personal stock market performance was really not good, and my loss increased to nearly 70000 yuan.

Old Hu said, as I said before, I want to try to do band, so I sold several stocks that have made a lot of profits or long-term losses, and transferred to several other stocks that I am optimistic about. But the stock market taught me a lesson. Most of my positions were not adjusted successfully.

Lao Hu said, what's important is that I don't have enough research on newly bought stocks, and I don't have time to follow the market, so it is difficult to grasp the band accurately. If you want to do that, I'm afraid that you need to spend more energy on studying individual stocks, and you need to take time to track stock changes and try to avoid their decline of more than 5%. It's really not easy to do this.

Full text of Lao Hu's latest stock speculation diary:

Over the past week, Mr. Hu's personal performance in the stock market was really poor, and my loss increased to nearly 70000 yuan. As I said before, I want to try to make a band. For this reason, I sold several stocks that have made a lot of profits or long-term losses, and transferred to several other stocks that I am optimistic about. But the stock market taught me a lesson. Most of my positions were not adjusted successfully.

The new stocks I bought have become black swans. Almost all of them have a sharp decline of more than 5% in a single day, which is rarely seen in my past stocks. Although some stocks rebound more than 5% in one day and some can rebound more than 8% in one day, they still gain less and lose more after accumulation. In the past, the overall performance of my stock was very tight with that of the Shanghai Index. If the Shanghai Index can recover to around 3200 points, I hope that the whole position will turn red. However, the gap between me and the Shanghai Index has obviously widened after such a toss. Even if the Shanghai Index recovers to around 3200 points, I have no hope of turning red in the short term.

Although I want to learn to speculate and have the mental preparation to "pay tuition fees", to be honest, I didn't expect to lose money so quickly, and I found that my psychological endurance was not so great, and I was still very uncomfortable with these losses.

Just to sum up the experience of the past few weeks, looking back, I think my past beliefs are still right. It is to be optimistic about a few stocks and not move them after buying them. "If I don't sell, others can't cut my leeks", as long as it is not too bearish and the stock itself is reliable, this statement is quite reasonable. My losses have increased recently, which is related to my own perseverance before giving up, changing the stock trading strategy, and trying to use it as a band to "earn fast money". I need to be willing to gamble and lose the loss during this period.

What's important is that I don't have enough research on newly bought stocks, and I don't have time to follow the market, so it is difficult to grasp the band accurately. If you want to do that, I'm afraid that you need to spend more energy on studying individual stocks, and you need to take time to track stock changes and try to avoid their decline of more than 5%. It's really not easy to do this.

My vague feeling is that people like me should take a steady path and buy more stocks with less ups and downs, such as ETFs. Even if we lose money, it's a matter of time before we get back to the original. The risk of randomly changing positions is too great, and the risk of small retail investors' short-term speculation is even greater.

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Editor in charge: Liu Wanli SF014

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