Chapter 21 Bull Trampling

At 9:30, the two markets officially started trading.

The Netspeed Technology that Su Yu was watching climbed slightly by 0.3 points, and then fell without resistance along with the adjusted ChiNext Index.

For a full ten minutes, Su Yu did not see any large orders for buying or selling.

"It seems that following the concept of 'mobile games', after the speculation of hot money for a day trip, the big funds in the market basically left." Su Yu looked at the changes in the market of Netspeed Technology, smiled, and thought to himself, "Since there is no big money dominating the market and hiding inside, you can build positions as you like."

In the current market, the trend of the ChiNext is much stronger than that of the main board.

But at the end of this bear market, the main long-term funds that are still active in the market, their eyes, and their main positions are still on large blue chips and many white horse stocks.

The so-called public fund regular army, everyone's understanding of the ChiNext market...

Still think that this is dominated by hot money, it is a random speculation under the irrationality of the market, it is unsustainable, and it is a castle in the air without performance support.

Few public fund managers can realize at this time.

Realize that the market's valuation method is quietly changing; realize that under the background of "mobile Internet" and "4G", countless concept stocks on the ChiNext also have the potential to transform concepts into actual performance and grow into a new generation of "tech white horses".

Market bias and past historical lessons.

This caused the main fund institutions to miss out perfectly in the first stage of the ChiNext market.

It also led to the situation that in the early stage, there was no large-scale holding of any main fund institutions for the core ChiNext stocks such as Netspeed Technology, which relied on the outbreak of "mobile Internet" and experienced fundamental and performance changes.

Two accounts, a total of 2.069 million funds.

Su Yu split the buy order into orders of less than 50 lots, and gradually cleared the sell orders of Netspeed Technology under the adjustment trend of the two markets today.

Neither pallet nor chasing the rise.

In the end, it took almost 20 minutes to buy all the funds of more than 2 million, with an average cost of 24.80 yuan. Liu Tianshui and Mr. Wang's accounts each held 400 lots.

After the position was established...

Netspeed Technology continued to follow the fluctuations of the market.

At 3 pm, under the influence of Huaqingbao's violent fluctuations, a sharp drop of 5 points, and the full-line callback of the hype enthusiasm of the entire "mobile game" concept.

In the end, Wangsu Technology fell 1.52% and the stock price closed at 24.49.

During the whole day's trading, in the transaction records of Netspeed Technology, large orders of more than 1,000 lots only appeared 3 times, and super large orders of more than 3,000 lots did not appear once.

This proves that this stock, after the speculation of hot money, has withdrawn.

It is extremely lacking in the attention of the main funds.

Su Yu's stock market trading record today closed with a loss of more than 2 points, and the wealth management account for customers also experienced a retracement for the first time.

But he looked at NetSpeed ​​Technology, which had basically no funds paying attention to it, and the rebound of the market, which was obviously exhausted, without any worries in his heart.

Gold will always shine.

When NetSpeed ​​Technology's performance report came out, when the future expectations and fundamentals of this stock were completely reversed under the performance of the performance report.

Market speculation funds will definitely flock in.

For stocks like this that are purely driven by performance and fundamentals and do not have many beautiful stories to tell, it is a good thing that there is no main force lurking before the wind rises.

This shows that after the performance is released...

Driven by a large amount of funds to quickly build positions, its stock price has more explosive potential and sustainable ability.

Therefore, for Su Yu, whether it rises or falls before the performance report is released, he will not care too much. At this time, after he has figured out the on-site chip institutions of this check, he only needs to wait patiently, verify his investment logic, and wait for various funds to carry the sedan.

In a sense...

He is also the main force hidden in this stock, but the amount of funds he trades is only the size of a market account, which cannot have a huge impact on its stock price.

After a simple review of the stock market trading situation, Su Yu quickly turned his attention to the gold trading market.

After the shock of the Asian session, the gold price trend has returned to the downtrend, and even the weak oversold rebound did not last long.

Entering the European trading session, the price of gold fell rapidly at the beginning of the session.

It broke through the support of $1,475 in one fell swoop.

Su Yu looked at the trend of gold's almost unilateral plunge, and then looked at the total funds in the account that had expanded to more than $30,200, and the available margin of more than 24,000.

Directly near $1,474, he placed an order to sell 6 lots of gold again, and the stop loss was set at $1,481.

After increasing his position again, the available margin in his account reached more than 19,000 US dollars, and the overall position level was still in the low-risk area.

At around 5 pm, after the European trading began to enter the peak period.

The decline of gold began to expand further.

The entire market, all the bulls, saw that the price of gold deviated further and further from the bull-bear line of 1,500 US dollars, and saw that most investment banks in the world began to be bearish on the market, and began to stop losses and cut positions.

At this point... the terrifying situation of many killing many has arrived.

At 6:20 p.m., the price of gold quickly broke through $1,450, falling again by more than 300 points compared to Friday's closing price.

Bulls are desperate, and the entire gold trading market has turned bearish.

After gold effectively broke through 1,450 US dollars, Su Yu continued to increase his short gold position by 10 lots at a position near 1,449.3 US dollars. With the available margin in his account having expanded to more than 51,600 US dollars, he maximized his position within the low-risk position range. Expand account profits as much as possible.

Gold trading market, all technical indicators, fundamentals, market sentiment, and long and short market patterns.

All have shown a unilateral short position.

Under this situation, Su Yu knew that the plummeting trend of gold would not stop unless all the bulls accumulated above $1,500 were forced out of the market.

so……

Although he continued to increase his holdings with the help of expanding profits during the plummeting gold price, in fact, the risk was not great at a holding level of less than 30% of the total funds.

In his prediction, gold needs to digest the bullish power that has accumulated above $1,500 for 2 years.

Without pulling out a drop of more than 1,000 points, that is, a plummeting space of more than 100 US dollars, it is impossible to completely destroy the power and confidence of the bulls in the market.

and……

At this stage, the bull's prisoner's dilemma has arisen.

No matter how determined the long position holders are, facing a complete collapse of market confidence and extreme losses in their accounts, they will passively join the group of traders who cut their positions and stop their losses.

As a result, the stampede in the market will be deepened step by step, and the plunge of gold will be increased.

Only when the bullish stop-loss forces that trample each other on the market are completely consumed by the market during gold's plunge, will gold's plunge trend slowly stop.

At 6:40, the price of gold broke through the price of $1,440 and continued to expand its decline.

Su Yu looked at the comment sections of relevant domestic gold trading forums and financial websites at this time, and saw that there were many bullish investors and bargain-hunting investors who had liquidated their positions.

“It’s not even the U.S. trading session yet, and the trend of gold is really scary.”

"It plummeted by more than 400 points. My account has been liquidated. Hey... I thought I could survive Friday and use the oversold rebound today to reduce some losses. I didn't expect..."

"Hey, it's the same thing. I also replenished the margin, but my position was also liquidated."

"If I had known earlier, I should have stopped the loss decisively and should not have taken the order."

"Who would have thought that the price of gold could drop like this? For two consecutive trading days, this drop... has almost caught up with the drop of A-share stocks. It is simply unbelievable!"

"The financial crisis in 2008 has never been so bad. I just can't understand it."

"Yes, there is no particularly significant negative in the market. Gold suddenly crashed. It's hard to understand the logic behind it!"

"Depending on the situation, today's gold price decline will not be smaller than Friday's."

"Hey, continuous plummeting like this proves that gold has really entered a bear market. Everyone...all your long orders should stop your losses quickly. The bear market in gold prices has begun and there is no bottom."

"Is this a market stampede?"

"This unilateral plummeting trend is obviously a stampede. Alas...In the early days, all institutions, media, and major Vs all sang long gold, causing long gold investors to pile up above US$1,500. Now...the price of gold It has completely fallen below 1,500 US dollars, can you not step on it?”

“If the bulls don’t die, the decline will continue.”

"The current trend of gold really fully explains this sentence."

"Go short, go short on the backhand, go with the trend, maybe you can recover some losses."

"The gold price has plummeted too much in the short term. Entering the market to go short at this time...I'm afraid that if it rebounds quickly, the stop loss will be knocked off again!"

In countless discussions, market sentiment has increasingly shifted to the short side.

The situation of multiple kills and multiple tramples in the market is becoming more and more serious, causing the decline of gold to continue to expand.

At 8:36 p.m., the price of gold hit $1,430, plummeting more than 530 points, surpassing gold's full-day decline on Friday and continuing to set the "biggest decline in four years."

Then enter the US market...

Amid the global market turmoil, American gold bull institutions and bull investors continued to cut their positions and stop losses.

The price trend of gold has plummeted further amid the despair of global gold bull investors, setting a new historical record for the "largest decline in four years".

Su Yu stopped adding positions after the gold price fell below $1,430.

Instead, they wait silently for the storm of bulls in the market to trample each other to pass, and then after the gold decline slows down, they close their positions and exit at a profit.

In his attention...

At 1:52 a.m., gold fell below $1,415.

At 2:32 a.m., gold fell below the integer mark of $1,400, continuing to further expand market panic.

After gold effectively fell below $1,400, that is, in the second half of the US trading time, Su Yu thought that the stampede sentiment of the market bulls should have been released.

The trend of gold has not only failed to slow down, but has completely lost control.