1990 ~1996 year: Come loose a times of all corners of the country
Speak of to go up century the stock market at the beginning of 90 time, a lot of people may remember 1994 that film " mad " -- Shanghai street, billowy stream of people is carrying bench to queue up to await the following day negotiable securities business ministry opens the door, the one instant that open the door, because of jam, a lot of pieces of faces are squeezed to be stuck to glass and be out of shape...
Going up century on 90 time half period, the investment main body of the stock market basically is in small shareholder. Investigation shows, 25 years old of comfortable job crowds that arrive 55 years old made the principal part of individual investor; Overall get education degree is inferior.
"Yang Baimo " the typical delegate that is the success in this batch of investor, he is depending on the sensitive, is good at using asymmetry market information to policy, can hard-working, be in thereby in those days the get rich in agitation of treasury buy in and sell at a profit. 1990, "Yang Baimo " stock market of the fight in some places one by one below the circumstance that still is interested in treasury greatly in others. On December 19, 1990, the 500 electrovacuum share that he buys, the brushstroke that becomes exchange trades.
1996 ~2002 year: Times of spec of orgnaization be the banker
Be in " incident of futures of 327 national debt " hind, national debt option market is shut, a large number of capital flow to the stock market, brought about the occurrence of city of big 1996 ox directly.
Can say, arrived 1996 2002 is the most boiling years on Chinese security market, with the century on the United States the stock market photograph of 60 time compares assuming quality, inside trades, village culture be current. Inside this paragraph of period, "Rubbish " got huge is chased after hold in both hands, ST stock cause a temporary clamor. This paragraph of period also is the time with stockjobber and fund company and the capital most active department with all polymorphous look lubricious look.
2002 ~2007 year: Times of contend for hegemony of a large number of heroes of orgnaization of endowment of inside and outside
This one phase, it may be said is the time of contend for hegemony of a large number of heroes on Chinese security market, collect of illicit of fund of QFII, danger endowment, social security, sunshine, " harden board dare-to-die troops " rise abruptly in succession.
Our country rose to join WTO hind formally on December 11, 2001, negotiable securities course of study begins to enter open to the outside world brand-new level. In July 2002, chinese security market introduced outside QFII(condition) of eligible orgnaization investor. Regard advanced investment as the guide person of the concept, QFII is in A act the part that runs in front of market curve for many times. Letting what the market says to surprise is QFII time and again the technology copying a copy with accurate essence.
January 2003, new castigatory " insurance law " begin to carry out, domestic insurance fund is applied begin to enter drive, insurance company buys negotiable securities to invest fund to hold proportion of insurance company total assets by 10% rise to 15% . On October 24, 2004, china keeps watch meeting and Chinese card inspect can approve insurance fund to be able to enter the stock market directly jointly.
2007 up to now: Times of dual structure of industrial capital, finance capital
The stock market 2008 drops greatly, already far go, but after all why does the predestined relationship drop greatly, there is consensus inside course of study actually. A lot of people consider as the result that gets abroad banking crisis to conduct, also the behavior of undersell of lift a ban that somebody is not the size on 2 class market serves as " culprit " etc.
Market of years approximately whole falls greatly, the element of each respect has necessarily. But I more apt is analysed from the participator angle of the market -- the two-way rich play chess that is not the industrial capital that is a delegate and financial capital with size is main reason.
Arrived in October 2007 in April 2008 these 6 the middle of a month, with size blame partner is decreased hold the industrial sth used to one's own advantage that is a delegate, not plan lift a ban of cost usu. in anticipation of or in order to bring about a fall in price, speech authority increases abruptly, become the newly emerging force that participates in value of Chinese security market to weigh appraise. And financial capital is forced to drop through killing come value of depress whole appraise, make industrial capital is reduced considerably in the accrual in undersell process. Final, the two-way rich play chess of industrial capital and financial capital accelerated the process finding a ground of the market.
Through 2008 drop greatly, it is abate that the industrial capital force that is a delegate with size blame is not, it is to increase actually, and that ultimate winner that drops greatly is industrial capital actually.
Have a friendly feeling talk, copy was in 2638 a little bit to be covered however was in 3400 a little bit, not only it is a few are nodded, some covered a few to nod, and at the outset history of 6124 bits is great, the construction bank inside the bank, bank that enrol business achieve a history entirely new tall, this but many bits 3000 ah, how can surmount at the outset position of 6124 bits, the netizen feels again character, the bank that enrol business is covered was in 6124 a little bit, covered in 3300 bits of solution however, can of this kind of circumstance weighs scan widely whole world first.
As A the testimony history with ceaseless investor, stop one this year to resemble common occurrence especially, or else is obedient coach with respect to the window, all sorts of salvo such as propaganda to the enemy at the front line emerge in endlessly, and the heart of investor has much suffering to only he just can know.
Face close year end, all sorts of Buddha fasten stock, Buddha to fasten a shareholder to begin to perform, very many had lost precious liquidity, round-the-clock resemble backwater same, a lot of medicinal powder door tens of thousands of fund can fail dish, experienced a sense that makes main force thoroughly, this does not cross this feeling to have inarticulate painful.
Scroll your profit, stanch your deficit.The trend dogs advantage: You won't miss any bigger shift in the market absolutely. Dog target time is longer, trade cost is lower.
The trend dogs defect: Your index cannot differentiate a distinction between bigger profitable shift and profitless shift of fleeting.
The trend dogs the biggest question is, the market always does not have a tendency. Technical index can give you the option of demonstrate direction and opportunity, but its index respect in floating to expecting the price rate is insufficient. Seek the market that demand rises. Demand is to drive the market to appear to rise for a long time continuously the motivation of the trend, trade to get big gain very easily in the trend that rises continuously. Because supply shortage,the market also is met and rise of course, the price that shortage drives picks up often is brief. Your target is not the first obtains accurate forecasting, should make money however and control a venture.
Among them basic idea is to should find a standard to decide when the market becomes have a tendency, enter town along the direction of tendency of the market, end in the trend next or the market is exited when signal is proved to be a mistake. This is a kind of skill that abides by very easily, if you understood ever since concept and constant ground follow can gain many money.
The law that makes money in the market is stanch deficit and scroll profit. However, anticipate theory: From go up at all think average person is very conservative however to profit in the adventure on deficit. Our behavior and I emphasized 20 trade for years criterion is antipodal. The expectation value that learns you is the profit that each risk dollar can make the opportunity with many course, accordingly, the time that you play game is more, expect to be worth with respect to what realize game more likely. Extremely successful forecast also can cause the capital with your total play away even. How to do? You can have an accuracy rate to be of 90% trade method, but you use it to do business to still be met compensate drops all money. Expectation value is negative, this is you trade in the time of 90% successful but final you meet what compensate drops all money to trade however system. We are put in the psychological tendency with intense correct pursuit to investing behavior, this hampered we realize real potential gain.
Remembering expectation value and successful probability is not one and the same, people existence misses the trend of gain to each deal, because this often is succeeded probability is very high enter systematic place to attract. But these systems are very frequent also with loss of a huge sum close together and relevant and bring about negative expectation to be worth. Although your system has very tall expectation value, also still may be out of pocket. If you trade in some,go up risked too big risk and was defeated, so you will earn a capital possibly hard.
Investor is met normally all the time when market shift just enters the market in the begining. You must the probability that land of leave no stone unturned increases triumph. Before raising the method with victorious best probability to be in city namely, the direction that ensures the market is being forecasted according to you is mobile. These " tortoise people " earned a lot of money through doing business to breaking through a dot. If the market had been achieved 20 days new tall, they enter city bull the market; If the market had been achieved 20 days new low, they become short seller into city. The program with another triumph very expensive probability. Trade in its when the market when the top price closing quotation of limits, it is in more the probability of higher-priced open quotation is very high, vice versa. Reliability is 70-80% .
3 kinds of configuration of banker shipmentOne, pull tower above money
Pulling tower above money is the shipment pattern that has below the circumstance that has gained profit in brunt commonly, often appear on its time-sharing graph piece zigzag go situation. Dish buccal feature is: Xiaochan is pulled tall, below big singles, upper part is very few hang out large sheet, lower part is far from place selling sheet often flash large sheet, but clinching a deal actually often is not to receive dish large sheet, clinch a deal in sky however (do not show those who hang sheet to clinch a deal) .
Purpose: Make dish the mouth is bought dish numerous, clinch a deal dynamic effect
2, make small shipment
Making small shipment is a kind forcibly shipment means, banker has a kind of strong shipment desire, likelihood and money showing branch is concerned or be eager to covering is capital catenary ruptures be forced to go out bureau (right now may not gains profit) , dish buccal feature is pulled quickly for open quotation tall, sell all the way next piece, big odd Xiaochan falls together, appear give a kind to be concealed none,
Blood washs the reason with Chinese real stock market to be made public greatly, give the state of the bureau stoutly.
3, zigzag shipment
Zigzag shipment is a kind of mild shipment kind, brunt basically relies on compose to build exalted platform to develop the market share price of a kind of hope up " breakthrough " psychology, expect to unload the imperceptible chip in receive brunt hand in this kind of psychology -- dish buccal feature is measured to clinch a deal everyday not quite, rare large sheet clinchs a deal, clinch a deal to basically be formed by Xiaochan (brunt is torn apart with small form give the market) , among from time to tome halt, be similar in shape " toothed " , reason calls zigzag shipment to go situation.
Above in means of 3 kinds of shipment, power is the greatest is dozen of small shipment, this kind of shipment gave an issue for the capital catenary of banker mostly, for " maintain an order " , banker can fling caution to the winds run away (no matter gain profit) ; Best shipment means is to pull tower above money, want you to be not had an insatiable desire for only, often can with the village in all dance, form medicinal powder door with brunt double win an aspect; Zigzag shipment is in both between, won't be covered greatly commonly -- the skill that distinguishs them depends on dish mouth:
1. pulls tower above goods to often clinch a deal the amount is very large, because come loose,this is door follow suit dish of be caused by;
2. makes small shipment and zigzag shipment clinch a deal the volume is average not big, especially zigzag shipment, brunt has patience extremely, see receive dish of resell to go out, did not await, also do not destroy a graph, it is a kind of shipment strategy that changes a space with time;
3. hits low type shipment to also be met sometimes to the limit of one's capacity, but last very hard, show on the whole shrink quantity posture, encounter this kind of shipment should go out for a short while bureau!
Banker is broken miserable besidesWhen the market is good easy, who is difficult when the market is weak! Full earthen bowl of basin of gain of orgnaization of the banker in big ox city laughs completely see the tooth does not see a tooth-like part of anything. In Xiong Fu no matter be,come loose a destiny that still is banker is likewise similar miserable. In the stock market the banker that pursue interest has definite advantage really, but its also cannot constantly control the forces of nature does as one wants. Drop in city in banker is to break dish of panicky maker sometimes, also act sometimes protect figure of Pan Xia face.
Actual strength banker uses fund, message, technical advantage operates in the interpose in the market share price direction and go up drop, profit from which common occurance. And do a village to fail to be broken by market selling party actually dish of dog blood that be bungled drench of the head not scarce also. It is to be in weak force market, orgnaization of a few short lines enters city to operate dish of go for wool and come home shorn for seek small profit is common occurrence more. Astral lake science and technology looks to was behaved on January 13 below, after goods pushs harden, seeing orgnaization of one short line be sucked into city is how by panic dish the have cuts and bruises all over the body that break is very embarrassed.
Fry most when avoid is full, those who point to is investor keeps operating from beginning to end all the year round. Fry the most important is to grind sentence big periodic trend, when big periodic trend to good when. Should do actively much; Big periodic trend turns to perhaps drop for concussion trend when the trend, can empty storehouse rests. Mostly investor is not to be done so however, they no matter stock market changes in temperature, keep working, like laborious bee, busy for small profit of small as the head of a fly, such doing, meet not only work fruitlessly, and because this meets with,still can encounter more risks. .
Investor is in the stock market, want to learn consider the situation, change according to the trend, timely rest. Such ability grasp the opportunity that should share well and truly. Can rest, ability can make money. Otherwise in one's hand profit also can be handed over finally, it is stop period of time also should rest after caustic. Because need to be used,stop this enrols caustic, most moment proves him the brains at that time is random already, can take a rest at this moment, can stop more only otherwise jump over caustic.
Fry another big fear is full benefit, full benefit is to show investor always wants to buy mix in minimum price sell in maximum price, blindly pursuit gain is the biggest change. Some investor like to go after sudden huge profits, always think all profit a stock are taken entirely, if periodic to the trend cannot if enough clarity identifies, the result is to often come to what answer back and forth sit elevator. Basic and annual grail can appear a few times big wave band prices, a lot of investor do not win to have a deficit instead however. The reason depends on: They earn more profit to want and did not gain profit in time finish, result general in one's hand profit corrode goes back. The basic principle that investor wants to maintain long-term stability to gain profit is: Do not strive for the biggest the profit that turn, and the profit that should strive for the most possible implementation grows steadily, just be profitable correct path.
Fry the 3rd big fear is full storehouse. In the generation large family in Chinese stock market, because,be for the most part among them excessive full storehouse (overdraw) and be hit to wear, fall finally be enforced to make the same score a storehouse to give the leave the playing field of the bureau by bourse. Fry with be an upright person, everything should stay have room for manoeuvre, square can freely of advance and retreat. To coming loose door, invest the money of the stock market, if be the money raising a lot that raises the home to paper a mouth, once full storehouse bedding bag, enormous psychological pressure issues the anxious mood that create, be sure to affect the analytic judgement of prices of the city after be opposite, end product is self-evident, although march fights,also want to have a reserve force, there also should be mothball fund on the stock market. Actually, full storehouse is done much, it is a kind of avaricious incorporate. Do not let off the operation intent of any opportunities and profit, its often are the opportunity that is forced to abandon as a result more much.
Frying a the 4th big fear is complacent. Some investor are in when just entering the stock market, still often can somewhat behead is obtained, when after becoming old shareholder. Because earned some of money, learned some of index, read a few books, gradually blind self-confidence rises, chase after go up kill drop, rapid turnover. Result, be defeated to win more instead little, loss is severe investor of block up of arrogant and complacent meeting raises operation level, can make investor appears to the understanding of the stock market deviation. The development of the stock market is change quickly, if anybody is arrogant and complacent, with respect to meeting backwater not before, be sure finally to be washed out by stock market place.
Study trend for better grind sentence big trend, learning trend cycle is for better recognize each correspondence between periodic trend concerns, the signal that identifies a trend is for can objective look upon market.
