This week, A-share Hong Kong stocks rose strongly, all kinds of funds ran into the market, the bull market horn has sounded, and it is imperative to do three important things!
1. Abandon the bear market mentality and establish a bull market mentality
Bear markets have been running for too long, and many people will be dominated by bear market thinking. At the beginning of the outbreak of the bull market, there were too many friends who were skeptical about the arrival of the bull market, did not dare to believe, did not want to believe, would not believe, until the bull market rose for several months before waking up, but at that time the stock market has risen very high, there is no high-quality cheap chips, many people will hesitate and wander in the waiting perfect miss, others eat big meat every day, but they are seriously empty, this psychological torture and gap will make many people lose their minds, in the bull market big top area finally unbearable, regardless of the cost and consequences rushed in, Become a proper pick-up man. Two tips to avoid becoming a pick-up man:
One is to enter the left side of the bear market big bottom area, and there is a plan to build high-quality large-cap indices and industry indices in batches (those who have the ability can invest in some potential stocks, but the risk is very high, and it is necessary to carefully adopt the strategy of buying more and more down, and individual stock investment and index investment are two different things). The possibility of us buying at the lowest point is extremely small, and most people will be trapped during the opening period, and they will be honest when they are trapped, so as not to toss blindly, so that they can invest with more peace of mind. This is how the real combination of dark horses came about, the balanced allocation of the big bottom area, the patience to build a position, the market reversed and soon ate meat, and the bull market rose soon to eat big meat.
A few days after the market rebounded, all the targets of the positions were positive, and the bull market went for two or three years, and the dark horses carefully selected these targets could be doubled.
Of course, contrarian investing requires a pattern vision and patience. At 2700 points, the dark horse repeatedly emphasized the layout opportunities and pointed out that the bull market was coming, but most people were extremely pessimistic at that time. Take a look at the messages of netizens, and then look at the prediction of the dark horse: (Mid-Autumn Festival) See you at 3200 o'clock after the festival!
The other is the entry at the beginning of the bull market. This requires a keen sense of the market and boldness, which is easier said than done. The bear market has long cultivated everyone to the inertial thinking of "chasing the rise will be trapped", and once they were bitten by a snake for ten years, they were afraid of the well rope! In addition, few people can judge whether the bull market has really started, so most old investors will go short in caution, but fearless new investors dare to chase up their positions. At the beginning of the bull market, the explosion was mainly caused by the main funds, and the amount of retail investors entering the market was very small; The burst at the top of the bull market was mainly caused by retail funds taking over, and the main force was reducing their positions on the upside.
When the bull market comes, either believe in the morning car early, or don't believe in the car at all, don't believe in the car after two or three years!
Light positions and hedging are mainly under the bear market thinking, and heavy positions are mainly held under the bull market thinking! The market trend has changed, and the thinking must be adjusted in time!
2. Abandon short-term thinking and establish a solid band thinking
The bear market is a process of squeezing bubbles, almost all sectors will fall for several rounds, even the value benchmark Moutai will lower its head; The bull market is a process of blowing bubbles, and almost all sectors will rise in several rounds, even the cyclical plates with thick eyebrows and big eyes can bloom.
Understanding this basic law, we should understand two things:
First, the best operation in the main decline of the bear market is not to operate, rest is the best coping strategy, and the most important thing to avoid buying the bottom too early. In a bear market, the dream of making a lot of money can only be a flash in the pan, and it will hurt the muscles and bones if it is not good.
Second, the best operation of the main rising section of the bull market is to hold the stock to rise, and it is better not to toss than not toss, and it is most taboo to frequently chase the price difference and kill the fall. If you are not careful, you will be slapped in both sides or thrown high, and you will never be able to get it back and miss the opportunity.
Almost all sectors in the bull market have their own spring, most of the stocks have a good market, sell not rise, chase into the rise is not a good strategy, do not do it will be angry on both sides, just sell it did not rise on it will rise, just buy the big rise it will fall.
High dumping spread is a bear market operation method, which is used in a bull market as a risky operation, and it is easy to lose chips. In the bull market, you should take the low absorption and T method, and buy first and then sell at the low point of the pullback.
The most important thing in a bear market is to cut losses, and the most important thing in a bull market is to make profits run! Most people's rhythm is not so good, and the frequent bull market and ultra-short-term are far less profitable than holding still, except for short-term masters, of course.
3. Select high-quality targets and build a portfolio
Whether it is a bull market or a bear market, there are ugly ducklings and white swans, there are rich and handsome and dwarfs, it is difficult for us to guarantee that we will choose a certain dark horse prince and snow white, or it may be an ugly duckling who will not grow beautiful, and a dwarf who will not grow taller, so it is very important to diversify investment and balance allocation. Remember: the first priority of a bull market is to prevent stepping short, and the second priority is to prevent sitting on a cold bench! Fans can learn from the dark horse's daily real combination "dark horse stable profit" configuration idea:
The first is to take into account the broad market index and the industry index. Configure CSI A50 to grasp the blue-chip and industry leading market, configure the science and technology 50 to grasp the technology market, and configure the medical and data to grasp the track market.
The second is to take into account the market of A-shares and Hong Kong stocks. The portfolio should consider making the income smoother and more flexible through the differentiated allocation of different markets. For example, in the portfolio, Hang Seng Technology has a floating profit of 24% and Hang Seng Medical has a floating profit of more than 10%, which is one step ahead of A-shares.
The third is to take into account both cost-effectiveness and offensiveness. The allocation of healthcare is to increase the margin of safety and cost performance (healthcare plummeted by 73% to fully release valuation risk), and the allocation of CSI Data, Hang Seng Technology, and Kechuang 50 is to increase aggressiveness and resilience, and the technology sector is usually very aggressive in a bull market.
Portfolio investment philosophy and methodology: Based on high cost performance, high growth and high certainty, the portfolio target is optimized, and the income is guaranteed through balanced allocation and the income is thickened through industry rotation. On the basis of medium and long-term holdings, swing operations and plate rotation are added. Fans can pay attention to the small combination of dark horses, so that they can receive the position adjustment dynamics as soon as possible.
The next step is to prepare for the inclusion of Hong Kong stock innovative drugs, with three major investment logics:
First, the financing environment has improved. Innovative drugs are a very money-burning industry, and R&D investment is very dependent on financing. With the US dollar interest rate cut and domestic interest rates falling, liquidity has improved significantly, making it easier and cheaper for the industry to raise funds.
Second, profitability has increased significantly. With the continuous high investment in recent years, China's innovative drugs have ushered in a harvest period, and the volume of innovative achievements and overseas revenue generation has accelerated. Industry leaders such as BeiGene, Baili Tianheng, Allist, etc., have reported a significant increase in profitability, and a number of innovative drug companies have successfully turned losses into profits or turned positive net profit attributable to the parent company for the first time, and the industry's profitability inflection point has arrived.
Third, the valuation is low, cost-effective, and aggressive. In recent years, innovative drugs have fallen sharply, and the valuation moisture has been fully squeezed, and the adjustment is very sufficient, and the cost performance is very high. Judging from the past bull market performance, the offensive nature of innovative drugs is significantly stronger than that of medical, biological and other subdivisions.
There is also a trading day before the holiday, and the dark horse is ready to hold positions for the holiday! Finally, please give a thumbs up, give encouragement and support, thank you very much!
The above content is personal opinion only and is not intended to be instructive. The mention of individual stock funds is only to record market views and the actual operation process, and accumulate materials for future creations, without making any recommendations, please do not blindly follow up. Past performance is not indicative of the future and investors should be aware of the risk of market volatility. Investment is risky, and you need to be cautious when entering the market!