"New stockholder" Hu Xijin: After a month of stock speculation, he lost more than 10,000 yuan

(Image source: Visual China)

Economic Observer reporter Zhang Xiaohui There is no doubt that senior media person Hu Xijin is the most well-known new investor in China's A-shares in 2023, and there is no one, this article calls him Lao Hu, which is his favorite nickname.

From June 26, when he entered the stock market, to the Mid-Autumn Festival, exactly three months have passed, and Lao Hu has not made money, but has lost money. As a representative of new shareholders, Lao Hu issued a lot of emotions in the stock speculation, he completely recorded his mental process of stock speculation in the past 3 months, such as: "Opportunities often coexist with risks, only by daring to be greedy when others are afraid can we obtain greater gains in the stock market", "I hope that I can make profits, not become a new 'leek'", "I hope to participate as a retail investor and witness the difficult climb of China's stock market towards the top of Bright Mountain"...

In the past three months, like many shareholders, Lao Hu entered the market with 100,000 yuan, experienced the profit of "opening the door", then the loss, and then the increase in positions, and the loss expanded, and by September 26, Lao Hu's entry funds had increased to 470,000 yuan, with a loss of more than 10,000 yuan. Because Lao Hu is diligent in recording, the matter of stock speculation has attracted much attention from the society.

The story of new shareholder Hu Xijin is not only a portrayal of investors who are optimistic about the future economic development and the rising range of A-share valuation, and then open an account to "enter" the stock market, but also a microcosm of the times. In the past three months, the government departments have stimulated the market with rare efforts, and favorable policies have been frequent: lowering stamp duty, controlling the pace of IPOs, standardizing the reduction of holdings, reducing the margin ratio of the two financings, etc., indicating the determination of regulators to boost the stock market and activate the capital market.

"Hit the door": earned 104.7 yuan

On June 26, Lao Hu announced on his Weibo, which has 24.84 million followers: "I opened a stock account for myself, officially entered the Chinese stock market, and became a 'shareholder Lao Hu'." ”

The number of comments on this Weibo reached more than 9,000, and some netizens commented: "Another leek, hahaha, just kidding, to be honest, this position comes in, Lao Hu you can be considered to have picked up cheap, but the bottom is difficult to endure, you have to be patient." ”

The next day (June 27), Lao Hu began trading, coinciding with the sharp rise of the Shanghai Composite Index on the day, from the opening of 3153.31 points to the closing of 3189.44 points, an increase of 1.23%.

"Lao Hu bought stocks for the first time today, and he was a little excited. I put 100,000 yuan into the stock account early in the morning, picked two individual stocks, bought them as soon as the market opened, and then found two more funds, and bought them more than half an hour later, spending a total of more than 40,000 yuan. By noon, the position of 100,000 yuan became 100064 yuan, and the four stocks and funds earned two losses and two losses, but after all, I was very happy. But as soon as the afternoon opened, the profit of 64 yuan quickly shrank to only 4 yuan, and I thought that the opening red was estimated to become 'open green'. Then I taught at a lecture, and all afternoon, it was late by the time I got to the interactive session. The students knew that I had bought stocks, and they asked me curiously how I was doing, I opened my mobile phone on the spot, looked at the account, wow, and the profit miraculously became 104.7 yuan. I happily told everyone, and the hundreds of students in the audience gave me warm applause. On June 27, Lao Hu couldn't hide his happiness on Weibo.

Lao Hu said: "From now on, I will also be a shareholder, I will rejoice with everyone, be depressed together, and have some feelings and expectations that I am willing to share with you." As I learn more about the stock market, I hope that I can speak the common voice of shareholders and retail investors, and let those voices be heard by the national financial regulatory authorities. ”

This was just the beginning, and soon Lao Hu lost money.

Li Daxiao pointed out to increase the position

On June 30, the fourth day of entering the stock market, Lao Hu lost money, on that day, his account lost more than 900 yuan, closing loss of 282 yuan, and the funds in the account also increased from 100,000 yuan to 200,000 yuan.

"I will continue to increase my holdings of stocks and gradually use most of the 200,000 yuan in my position." My big idea is to enter at the low point of this stock market, choose a few funds and a few stocks with better long-term performance, and then hold them for a long time, and buy and sell less in the short term. Lao Hu disclosed his stock trading strategy on Weibo, saying that his strategy has been helped by many people, including his hair.

Lao Hu said that after entering the stock market, he found that his mentality had changed subtly, he paid more attention to the economy, was more eager for the introduction of national stimulus economic policies, and paid attention to the international situation from a stock market perspective.

During the lunch meal, Lao Hu sensitively refused the leek-stuffed buns, ordered fennel and green onions, and after the account suffered a loss, Lao Hu said: "Never eat leek-stuffed buns and dumplings again, in the future, I will only eat Hui Xiang (fennel) and Da Cong (green onions)."

Some netizens commented on Lao Hu after losing money: "Mr. Hu's text of stock speculation makes the whole person more vivid!" ”

On July 3, the Shanghai Composite Index continued to rise, closing at more than 3,200 points on the day, and the income of Lao Hu's stock account "turned from green to red" and achieved the largest profit since stock trading.

"The stock market is up 1.31% today, and Lao Hu is really happy. My personal holdings are up about 3.1% and are now making a profit of 2829.17 yuan, outperforming today's A-share gains, which makes me particularly happy. It doesn't matter if I lose money in the future, but I have achieved a quick and secure entry into the market. Lao Hu wrote on Weibo.

Lao Hu realized that stock trading is not only a problem of stock market knowledge and mentality, but also the most comprehensive test for people.

Lao Hu's novel, after a year, if Lao Hu can lose less than 20%, he will be considered qualified. Lao Hu was not convinced. "I didn't come to the stock market to go on a 'leek journey,' I was eager to win," he said. And I hope that China's stock index will increase steadily by 120% in the coming year, and most people will be able to make money. ”

On July 13, Lao Hu wrote about his confusion: "Under my account, I have seen many people complain that new shares are 'too much and too indiscriminate', and listed companies reduce their holdings and arbitrage too much, resulting in a decline in stock prices. I'm not sure if all of these complaints are justified, but if that's the case, it shouldn't be difficult to make the necessary restrictions. There are still many people who call the 'banker', but who is the 'banker'? Now that they are 'cracking down' everywhere and arrogantly manipulating the stock market, who is so daring? ”

Lao Hu's stock speculation, there is no lack of "masters" who take the initiative to suggest, such as Li Daxiao, chief economist of Yingda Securities.

On July 17, Li Daxiao publicly suggested to Lao Hu on Weibo: "Dear editor-in-chief (referring to Hu Xijin) Hello, I am very worried that under great pressure, some positions have stepped below 3200 points, which is very painful, heartache... Do not hesitate to open a position sometimes, and it may be a good time when everyone is unanimously extremely bearish. ”

For Li Daxiao's pointing out Lao Hu Jiacang, everyone left messages under Lao Hu's Weibo: "Teacher Daxiao has been shouting bull market for several years, 3500 points when shouting, 3150 points now" "Lao Hu, keep your head clear"...

On July 22, Lao Hu publicly thanked Li Daxiao for his guidance, saying that he had carefully read every suggestion and comment of the chief economist. Subsequently, Lao Hu let go and increase his position around 3200 points.

On July 28, Lao Hu's 200,000 positions were almost full, with a single-day profit of 7,813.73 yuan, Lao Hu said, this is a big and happy day.

On July 31, the Shanghai Composite Index exceeded 3,300 points intraday, and Lao Hu's personal profit exceeded 10,000 yuan for the first time, he said in a column: "I have been trading stocks for just 5 weeks and achieved a profit of 5%, which really encourages me." Lao Hu said that the stock market is so exciting, thrilling and charming.

However, this profit did not last long, and after entering August, the Shanghai Composite Index quickly turned, falling back to 3200 points, and fell below 3100 points on August 21, setting a new low since Lao Hu entered the market and opened a position.

On August 4, Lao Hu said: "I don't plan to write a stock trading diary every day, and I don't often post stock speculation report cards, I think this can be easier and focus more on how to do a good job in long-term returns." ”

Although he is not prepared to write a stock diary every day, Lao Hu can be described as successfully "breaking the circle" and gaining a large wave of stock fans. Lao Hu also began to be active in some dialogue video columns in the financial field.

"Make a long-term investment"

On August 11, the Shanghai Composite Index suddenly fell sharply, directly breaking through 3200 points to 3189 points.

Lao Hu said: "I don't know why the Shanghai market fell by 2% today... If I just saw it wrong and bought a loss, I recognize, it is my poor vision. But I believe in my judgment of the macro situation as a media person: China's economy has the basic conditions for getting better, and there is a strong willingness of the state and society to promote and expect it to get better, and if the economy is in a long-term downturn, the government will not accept it. ”

Some netizens ridiculed the comment: "Hu leeks have grown."

On August 16, the stock market continued to fall, Lao Hu continued to increase his position, the capital from the earliest 100,000 yuan, to 200,000 yuan, and then to 236,000 yuan, Lao Hu's 10,000 yuan profit was basically erased, holding a total of 9 stocks.

The investment habits of many individual investors have also been "shown" by Lao Hu. On August 18, the Shanghai Composite Index fell to 3,131 points, and Lao Hu continued to increase his position to 252,000 yuan.

On August 21, the Shanghai Composite Index fell below 3,100 points, and Lao Hu's position had increased to 300,000 yuan, he said: "Lao Hu is called a 'new leek' by many people, I just want to be myself with integrity." My calculation is that now should be the low point of the stock market, and even if the stock market may continue to dip, but the recovery beyond the current point will happen sooner or later. Since I am prepared to hold these stocks for the long term, my long-term risk is minimal. ”

By August 30, Lao Hu's account had reached 420,000 yuan, with a stock market value of 390,000 yuan. "My main task today is to increase my position," he said. ”

On September 7, Lao Hu continued to charge the stock account, the principal reached a total of 470,000 yuan, holding a full position, he said: "My position is close to my original plan of 500,000 yuan, although today my whole position is green, but as long as the market rises by one percentage point, I can turn red." I want time to prove that Lao Hu, an old comrade who has seen some of the world, is not a fool. ”

On September 15, the stock market continued to be sluggish, and Lao Hu added a loss of 1,734 yuan, bringing the total loss to 10,808 yuan. He said: "It seems that I have to pay more time costs, so let's accompany the stock market and wait with the shareholders." ”

On September 21, Lao Hu's account loss expanded to 18,208 yuan, and Lao Hu was very unhappy, and once wanted to stop updating the column, but he was afraid that he would be guessed blindly after stopping.

Lao Hu and many investors have a consistent view of the market. "The Chinese stock market is undervalued, many people think. Then my belief is that the stock index cannot deviate too far from its true value. I am now going with the flow, feeling the power of deviation, expecting logic and regularity to be put on the ground. I will feel which of these two forces is stronger in the pain of their tearing. He said.

On September 25, Lao Hu's account continued to maintain a loss of more than 10,000 yuan.

He did not stop updating his stock column, saying: "Today's decline in the stock market reflects some difficult circumstances on China's economic transformation and revitalization, and many old and new factors are playing with each other. This requires the government to keep the policy as stable as possible during the transition period and continue to strengthen its efforts in the inevitable direction of the future. Lao Hu came to the stock market to buy the future, which requires enduring some of the depression and loneliness of the current gestation period. Today is something to give, and my expectation is that the future will not fail me. ”

Lao Hu plans to write once a week to report to everyone on the "achievements" of the stock market - "Originally, my original intention was to make a long-term investment in the stock market, and I stared at the market every day, which was inevitably a little out of shape." He said. On September 26, Lao Hu's loss was 17,356 yuan.