As soon as the market opened this morning, yes, the good mood of the weekend disappeared in an instant. 4,838 companies fell throughout the day, and 90% of them fell.
The sad villager of Village A left the scene in tears! For example, Lao Hu, who is known for "how can you cut me if I don't sell", really couldn't stand it anymore, and sold a target with a loss of more than 30%; There are also some fellow villagers who buy overseas funds......
In addition, in the morning meeting of the department, a colleague put forward this point: turn off refinancing and quantification, and you will also lose money. The point of view is very reflexive, I pondered it, and the specific analysis is shown in the second part of the article.
1. Lao Hu cuts meat and sells it
During the weekend, the State Council adopted and released the "Implementation Plan for Supporting the Development of Innovative Drugs in the Whole Chain".
However, with such a major benefit, the innovative drug ETF fund did not rise but fell today, and the major pharmaceutical indexes of mainland medicine and Hong Kong stock medicine fell sharply across the board.
Innovative drugs and many pharmaceutical funds did steal 2% last Friday, but they won't spit back the next day, right, lower than the previous low?
Taking the Hang Seng Medical Index, which has a very high content of innovative drugs, as an example, it fell 3.6% today, hitting a new low in recent times, with a maximum drawdown of more than 75%.
Source: iFind; As of July 8, 2024
There are also small micro disks, and suddenly 10 companies received regulatory inquiry letters over the weekend, and 4 companies suddenly increased at the same time.
The small micro disk has been dried up again.
In all, 4,838 companies fell throughout the day today, and about 90% of them fell. I've been doing this a lot lately, and I feel like I can't complain anymore.
Source: iFind; As of July 8, 2024
Some of the "sticky" folks began to sell and leave!
The most typical example is Lao Hu.
I remember when I first invested, Lao Hu often shouted "I don't sell you, how can I cut me", and as the market fell, he also continued to deposit and increase his positions.
But Lao Hu couldn't stand the fall a few days ago, so he sold part of the target of the position, and planned not to open a new position.
"After buying it, it quickly turned into a downward trend, and its monthly K-line fell almost every day, and it fell more than once, losing about 30% in a short period of time. At the beginning of the week I couldn't take it anymore and sold it all. But after I sold it, I regained most of the new lows on the same day and rose sharply the next day. ”
Image source: Investor public release
In addition, I found that most investors are still "silent", but there are also some investors who have left the market and bought overseas ETF funds.
According to my statistics, many overseas funds such as the Nasdaq ETF and the Indian fund LOF are are generally at a premium of more than 3%, many are at a premium of more than 5%, and the highest is 14%.
Source: iFind; As of July 8, 2024
For overseas funds with excessively high premiums on the market, it is necessary to pay attention to the risk of ebb tide. We have compiled a list of overseas funds, a total of 10 long-term overseas high-quality funds, including the United States, Japan, India, and U.S. bonds. Get a private message.
Second, turning off refinancing and quantification will also lose money
Many people attribute the specific reasons for losing money in investment to refinancing and quantification, and every time someone posts a similar opinion, it can cause a heated discussion.
But even if you turn off refinancing and quantification, many people will still lose money. The analysis logic is as follows:
First of all, the profit and loss of investment is related to the overall environment.
In recent years, the real estate pillars of the domestic economy have been mourning, which has affected many upstream and downstream industrial chains, and affected the daily life of ordinary people. At the same time, foreign trade demand declined.
The investment market is also a bear market background, constantly killing performance and valuation.
And the general environment is not good, and it is easy to lose money.
It's not that the bull market makes a lot of money, it's all due to his superb skills. It's not that you have lost a lot in the bear market, so you completely blame yourself for your low ability.
Secondly, the profit and loss of investment is highly correlated with investment habits, and I even think that this accounts for 60-70% of our profit and loss factor.
For example, investors who have not developed good investment habits often hang a small number of companies or a few funds, like to chase hot spots and risks, and are easy to buy and sell emotionally heavy positions.
To talk about people is to gamble too much.
At the same time, there is a lack of good position control strategy, and they often increase their positions to cover their positions when they fall a little, and even "do not believe in evil" and fall more and more, and the result is deeper and deeper.
Similar to investment style, investment habits, moving with human nature, it is easy to cause losses or even fall deeper and deeper, which is the main reason for our loss!
Finally, it is policy-oriented and market-oriented.
For example, the controversial refinancing and quantification, the sharp increase in ST and delisted companies caused the rapid rise of market investment risks, and the sale of foreign capital.
I attribute these short- and medium-term factors to policy orientation and market orientation, which will also lead to a decline in the market, or even a local sharp fall, but for a long time, its impact is not as big as it has gone viral.
At the end of the article, I would like to summarize with you:
As I said earlier, 70% of the main loss factors are in ourselves, find our own shortcomings and modify them, diversify our investments, don't be greedy, and we can avoid most of the losses. Another 30% is the general environment, market orientation, etc., but this can be repaired in the medium and long term.
In short, finding the reasons from ourselves and gradually getting rid of some investment habits that are easy to lose money is more conducive to our survival in the investment market.
If you always "make money and you are awesome, and if you lose money, it is someone else's fault and the market's fault", then no matter how many rounds of bulls and bears will only fall deeper and deeper.
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Disclaimer: The content of this article is based on public information research and does not constitute investment advice. Investors should make prudent decisions and bear risks independently.
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