A stock trader living in Dali said in an article on "Today's Headache" that he saw someone in the club posting this passage: "Up, the channel is open; down, accompany to the end; cut, delusional." It is hoped that certain institutions will have a clear understanding of the situation and return to the right track. Chinese retail investors do not want to fall, do not want to fall, but are not afraid of falling. If there is an agency that deliberately smashes the plate, we will accompany it to the end! What chinese retail investors who have experienced more than 5,000 ups and downs have not seen? No big deal. Strengthen confidence, face difficulties, turn crises into opportunities, and create a new world. ”
He gave a very high comment and affirmation to this passage: "Very firm, very morale-boosting. China's stock market, as long as you choose a good target, do more one by one, you will not lose money. If you have a good stock in your hand, a good leader, you can talk to the whole world like this, not high-profile at all. ”
I didn't think so, and immediately replied: "A Q spirit is commendable!" Don Quixote warriors, brave to go forward. "A year
The plan lies in the spring, and the plan of the day lies in the morning. According to the tradition of Chinese, I, like every shareholder, want to be able to please a good omen. But in 2022, China's stock market, the door is black, and the bears are coming to a tiger! It is understandable that retail investors who have lost red eyes want a psychological comfort in this extreme downward market.
Therefore, the authors who blindly look at the empty singing and empty in "Today's Headlines" are certainly not welcome, and they will even encounter the insults and sieges of "dead bulls". But the stock market is the stock market, either you die or I die. Scolding is useless! You are jumping off the building itself, and the stock market will not return the money to you.
As a "deep-capital" small scatter, I once wrote an article in the "Mass Investment" column of Jiangsu Economic News in 1997, "Retail Investors, the Backbone of China's Stock Market", which inspired small scatters that lost money. Now, more than two decades later, China's stock market has experienced a "leapfrog" development of the "Great Leap Forward", and its volume is no longer what it used to be. But I was bearish, thinking that the current Chinese stock market is a kind of sick fatness, has entered the "terminally ill" period of no cure.
The characteristics of the policy city have not changed, and the essence of heavy financing and light returns has not changed. How can an economy that is out of practice support the stock market that is already virtual? Therefore, only neuropathy is still singing more. These so-called stock experts and stock gods are generally the "spokesmen" of large institutional households or listed companies, and they pretend to be ghosts, sell their conscience for small profits, and fool brainless retail investors to be deceived, with the purpose of cutting the "leeks" of retail investors. Can the weasel give the chicken a New Year's greeting?
As we all know, supply and demand are the main factors that determine market prices. The introduction of the full registration system means that the stocks of the garbage companies are about to be listed, and the money of the shareholders is not inexhaustible, it has long been hollowed out by the property market, where is the money without stocks? The price of the stock is bought, not sold. In this context, where else can the stock market come from?
Even the gamblers who play mahjong in the tea house understand that whether they win or lose, the tea house owner's table money must be collected. Can stamp duty on the stock market and commissions from brokers be exempted?
Moreover, the stock market is a battlefield without smoke. The people who come to this market game are not fools, they are all cold killers like wolves, and none of them are not for profit. How much skill do you have to over-quantify trading and avoid being cut leeks?
Since the stock market is a battlefield without smoke. If some people look long, some people must look short. Therefore, the two forces of bulls and bears will always exist in the stock market, and it cannot be a unilateral market. This requires investors (speculators) to judge the situation, to make a "wall grass" of "milk is a mother", and where the wind blows, it will fall to which side. When the market is in the bull market stage, the bulls can be reckless.
The bears will also lose", "enter the field with a BMW, come out on a bicycle; enter the field in a suit and leather shoes, and lose by covering the top of their shorts." ”
And in the bear market stage, why can't the bears "use the other way, but also apply the other body" tactics to lure the bulls and set traps? They can also vent their emotions wantonly, so that the "one-by-one" dead bulls "enter the field in suits and leather shoes, and lose the shorts to the top of the field; drive a BMW into the field and ride a bicycle. ”
In China's stock market, small and medium-sized retail investors cannot do "Buffett" and "Soros". Because of the requirements of the "threshold" of stock market entry funds, it limits the imagination of retail investors. Only by doing stupid long can they earn a little stock trading difference in the process of "bo stupid" when the market is in the bull market stage, and it is nothing less than a fool's dream to expect the investment return brought by the long-term holdings of listed companies.
Therefore, "value investment" is the "fantasy" of China's stock market. How can retail investors, who can only stay in the self-deluded "fairy tale" world they weave themselves, grow up and mature in an immature stock market? How can an emotional hype approach prevail over rational thinking?
Therefore, as a small and medium-sized retail investor, they cannot influence the stock market at all, and they cannot escape the fate of being cut leeks in the end. As for the management's proposal to "protect the interests of small and medium-sized investors", it is only a flashy slogan, but the laws and regulations on how to protect and protective measures will always stay on the road.
Without a compensation mechanism, listed companies can falsify their financial data; without a compensation mechanism, brokerage packaging can package listed companies for fraudulent issuance. The low cost of violating the law can be exchanged for the maximization of benefits, and who dares not go "dangerously"? Therefore, "value investing" is just a deceptive lie, a kind of excuse to speculate on stocks. Don't you see, the performance of listed companies changes face faster than turning the book? When the decline comes, the main institutions are in the mud, what high-performing stocks, what junk stocks, which stocks can be spared, and finally speculated into "a chicken feather"?
The full circulation system of stocks provides great convenience for the major shareholders and executives of listed companies to legally reduce their holdings. Imagine that a listed company, major shareholders and executives can fully use the vast number of small and medium-sized retail investors as bank at-large cash machines under the protection of legal clothing, arbitrarily refinance, additional stock issuance, and bond issuance. If the benefits can be obtained so easily, will they still be used to invest in returning investors?
To sum up, there is no stock god or stock fairy in the stock market to give you guidance and rescue you from the stock sea. The only way for retail investors to do it themselves is to admit to gambling and lose, away from the stock market!
January 16, 2022 Quanzhou, Fujian Province