After more than a year of being a financial blogger, I found that the investment on the Internet is more and more, and lazy and stubborn, they will not go to any research reports (think that the institution writes out is to take over the retail market, let alone to see the industry profile and investment logic sorted out by others), will not go to see any investment books (think that people who make money will definitely not write books, reading books is useless), there will be no summary progress (losing money scolds fund managers and A shares, making money is Lao Tzu is a stock god). So you look back and think about it, how can you go from a novice who doesn't know anything to a stock market cannon in the end?
My attitude towards books is simple, it is a summary of the experience of previous generations, whether the content is correct or not. Looking at other people's systematic summaries is the most efficient way to understand new things, and the basic knowledge is not clear, let alone integrated. The stock market is actually very simple, as long as there is money, a buy and a sale is finished, the difficulty is which to buy, when to buy and when to sell. These decisions are definitely dynamic, it is difficult to survive in A shares, and people who recognize death reason make money in A shares, and there is a high probability that they are just lucky.
If a novice wants to learn to speculate in stocks, first of all, I hope that everyone really calms down and learns something, rather than listening to people on the Internet saying that this is useful and that it is useless, everything is not so fast, and the accumulation of thick and thin money is also applicable in the stock market. I recommend that you go to see "Basic Knowledge of the Securities Market", which is a textbook and the content may be boring. You can also find a video summary on the Internet, he will tell you what the securities market is and what two problems, and sort out and introduce the basic knowledge of the securities market. After reading this book, you will have a basic understanding of stocks, funds, bonds, futures, etc.
The second point is to understand the trading rules of the stock market, which is directly described in the documents of the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
Of course, there are not many rules, you can just take a look at it:
1. Trading hours
Monday to Friday (except statutory holidays)
9:30 a.m. - 11:30 a.m
1:00 PM - 3:00 PM
2. Auction transaction
(1) Bidding principle: price priority, time priority. Higher price buy orders have priority over lower price buy orders, lower price sell orders have priority over higher sell orders, and orders at the same price are given priority in chronological order.
(2) Bidding method: 9:15--9:25 a.m. for collective bidding (centralized processing of all valid orders at once), continuous bidding from 9:30 to 11:30 a.m. and 1:00 p.m. to 3:00 p.m. (processing of valid orders one by one).
3. Trading units
(1) The trading unit of the stock is "shares", 100 shares = 1 lot, and the number of entrusted purchases must be 100 shares or an integer multiple thereof;
(2) When the number of orders cannot be fully traded or dividends are sent to shares, there may be zero shares (less than 1 lot is zero shares), and zero shares can only be ordered to sell, and cannot be ordered to buy zero shares.
Fourth, the limit on the rise and fall
In one trading day, except for the securities listed on the first day, the trading price of each securities shall not exceed 10% of the increase or decrease relative to the closing price of the previous trading day, and the order exceeding the limit price shall be invalid.
The rise and fall of stocks on the ChiNext board and the science and technology innovation board shall not exceed 20%.
5. "ST" stocks
The stock with the word "ST" in front of the stock name indicates that the listed company has lost money in the past two consecutive years, or lost money for one year, but the net assets have fallen below par value, and there have been major violations of the company's operations, and the exchange has specially handled the trading of the company's shares. There is a 5% limit on the stock's trading day.
6. Entrust the withdrawal of orders
Investors can revoke their orders before they are filled.
7. The "T+1" system
"T" indicates the day of trading, and "T+1" indicates the second day of the trading day. The "T+1" trading system means that the securities purchased by investors on the same day cannot be sold on the same day, and cannot be sold until the next day for automatic delivery and transfer. ("T+0" swing trades are allowed on the day of the bond.) In terms of the use of funds, the funds from selling stocks on the same day can be used to buy stocks back to the investor's account, but they cannot be withdrawn on the same day, and they can only be withdrawn after settlement.
The third is to read some classic books to accumulate references for their own decision-making and buying, and to accumulate experience in actual transactions. For example, two typical books, "Japanese Candlestick Chart Technique" and "Futures Market Technical Analysis", referred to as Candlestick Chart and Little Blue Book. There are some common terms in this, which are the black words of most people in stock investment. After reading it, you will be able to know the meaning of the candlestick and the pattern of the candlestick; the meaning of the trend as well as the moving average and common reversal patterns. These are the most basic usages, which reflect the bullish and bearish forces of the market and can assist in buying and selling decisions.
If you want to learn about convertible bonds, I recommend two study books on the concept of convertible bonds:
One is the classic "Magic Book of Convertible Bond Investment"
One is "Offense and Defense: A Manual for Convertible Bond Investment" written by Snowball Big V Gluttony Hai
Books recommend that you buy a paper version, more learning feeling!