Hu Xijin: Newly purchased stocks continue to become black swans, resulting in losses of nearly 70,000 yuan

For stock trading, please read Jin Qilin analyst research reports. They are authoritative, professional, timely and comprehensive, helping you to tap potential theme opportunities! [Hu Xijin Column] On April 25, the three major stock indexes closed with mixed gains and losses. The Shanghai Composite Index closed at 3052.9 points, up 0.27%, the Shenzhen Component Index closed at 9264.48 points, up 0.14%, and the GEM Index closed at 1764.73 points, down 0.04 %.

After the market closed, Lao Hu released his latest stock trading diary, saying that in the past week or so, Lao Hu’s personal stock market performance was really not good, and my losses increased to nearly 70,000 yuan.

Old nonsense, as I said before, I want to try to do swings. To this end, I sold a few stocks that had made a lot of profits or suffered long-term losses, and switched to a few other stocks that I was optimistic about.

But the stock market taught me a lesson, and most of my position adjustments were unsuccessful.

Lao Hu said that the important thing is that I have not done enough research on the newly purchased stocks and do not have time to keep an eye on the market, so it is difficult to grasp the correct band.

If you want to do that, I\’m afraid you will need to spend more energy researching individual stocks, and you will have to spend time tracking stock changes and try to avoid their declines of more than 5%.

It\’s really not easy to do this.

The full text of Lao Hu’s latest stock trading diary: Over the past week or so, Lao Hu’s personal stock market performance has been really poor, and my losses have increased to nearly 70,000 yuan.

As I said before, I wanted to try to do swing trading. To this end, I sold a few stocks that had made a lot of profits or suffered long-term losses, and switched to a few other stocks that I was optimistic about.

But the stock market taught me a lesson, and most of my position adjustments were unsuccessful.

The new stocks I bought kept becoming black swans, and almost all of them plummeted by more than 5% in a single day, which rarely happened in my past stocks.

Although some stocks rebounded by more than 5% in a single day, and some stocks rebounded by more than 8% in a single day, over time, they still made less and lost more.

In the past, the overall performance of my stocks was very close to that of the Shanghai Stock Exchange Index. If the Shanghai Stock Exchange Index could recover to around 3,200 points, I would hope that the whole position would turn red.

But after such a toss, the gap between me and the Shanghai Stock Index has obviously widened. Even if the Shanghai Stock Index returns to around 3200 points, I have no hope of becoming popular in the short term.

Although I wanted to learn to trade in the band and was mentally prepared to \”pay the tuition\”, to be honest, I didn\’t expect to lose money so quickly, and I found that my psychological endurance was not that great. It was still very uncomfortable for me to suffer these losses. .

Just summing up the experience of the past few weeks, looking back, I feel that my past beliefs were still right.

Just be optimistic about a few stocks, and then touch them less after buying them.

\”If I don\’t sell, others won\’t be able to cut my leeks.\” As long as the market is not too bearish and the stock itself is reliable, this statement still makes sense.

My recent increase in losses is related to the fact that I gave up my previous persistence, changed my stock trading strategy, and wanted to use the swing to \”make quick money\”. I need to be willing to admit defeat for the losses during this period.

The important thing is that I haven’t done enough research on the newly purchased stocks and I don’t have time to keep an eye on the market, so it’s difficult to grasp the correct band.

If you want to do that, I\’m afraid you will need to spend more energy researching individual stocks, and you will have to spend time tracking stock changes and try to avoid their declines of more than 5%.

It\’s really not easy to do this.

My vague feeling is that for people like me, it is better to take a prudent route and buy more stocks that do not rise or fall that much, such as buying more ETFs.

Even if you lose money, hold on to them, trade time for space, and get your money back sooner or later.

The risk of adjusting positions at will is too great, and the risk of short-term speculation by small retail investors is even greater.

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