Rebirth of the Capital Legend

"Oh my God! The butcher's knife in the market today is really killing people like rivers of blood." In the VIP trading room of the Fuxing Road Sales Department of Huaxin Securities Financial Street, Mr. Deng stared at the fixed prices of the two markets. He was shocked for a while before turning back. God came, and I couldn't calm down for a long time. "The market's trend today has made history again."

The growth gap between the Shanghai Stock Exchange Index and the A50 Index and the Growth Enterprise Market Index, the Small and Medium Enterprises Index, and the China Securities 500 Index has widened to nearly 10%.

Such an extremely differentiated trend phenomenon.

Even though Mr. Deng has been a stock investor for ten years, he has never seen it before.

"In more than half a month, have we witnessed too much market history?" Lin Minghui sat next to Mr. Deng. Looking at the closing situation of the two markets, he was full of emotions in his heart, "Thousands of stocks fell to the limit, thousands of stocks fell to the limit, The daily limit, from the daily limit of 1,000 shares to the daily limit of 1,000 shares, from the daily limit of 1,000 shares to the daily limit of 1,000 shares... This time and again, which one is not making history?"

He has been in the stock market for seven or eight years.

But he had never seen such extreme market volatility.

In his memory, even during the global financial crisis in 08, when the Shanghai Stock Index collapsed from 6000 points and fell all the way, there had never been such a continuous extreme trend with a complete lack of liquidity.

"There is no doubt that the market is now in a state of stock market crash." Mr. Deng sighed helplessly.

He did not expect that the continuous bombardment of heavy news over the weekend was still unable to save the market decline and relieve the liquidity dilemma caused by the continuous stop losses and liquidation of financing orders and OTC leveraged funds.

Lin Minghui nodded and said: "In this extreme unilateral trend of plummeting, you could still rely on short-selling stock index futures to recover some losses on the market. Now... China Futures Exchange strictly limits stock index futures for personal accounts. Opening a position really forces everyone to take a short position.”

Having said this, Lin Minghui turned to Su Yi, with a look of gratitude in his eyes.

If it weren't for the recent period, I would have been following the other party's operations.

He was afraid that he would suffer extremely heavy losses during this round of market correction. It could be said that Su Yi had saved him from tens of millions of losses.

"Brother Su, now stock index futures have been restricted from naked short trading." Lin Minghui paused and continued, "Next, will you continue to short-sell stock index futures?"

Su Yi gradually looked away from the two markets and said, "I will no longer short-sell stock index futures."

The so-called gentleman loves money and gets it in a wise way.

Now, since the regulatory authorities have strictly prohibited naked short trading of stock index futures and restricted the opening of personal accounts, if you continue to go against the policy at this time, even if you make money for a while, when the subsequent market cannot stop the decline and continues to plummet, the regulatory authorities When we began to further investigate malicious short selling.

Not only will that make a lot of profits go out, but most likely, you will also face severe punishment.

Even jail time.

This is obviously not worth the gain.

Since you have the advantage of rebirth, you can make a lot of profits by following the policy trend in an upright and upright manner, so why should you be greedy for the so-called risk profits?

Before his rebirth, many years of social experience made him understand.

In China, no matter what job or business you are engaged in, the first thing is to keep up with the policies, keep up with the development of the times, and operate in an upright manner. Otherwise, even if you are lucky enough to succeed for a while, you will eventually be swept away by the torrent of policies and the times. Abandoned, he becomes the person who climbs higher and falls harder.

This principle is put into the financial market.

That is, we must clearly distinguish between what profits should be made and what profits should not be made.

"In this case, I plan to take a short rest in the next one or two months." Lin Minghui saw that Su Yi had also given up on continuing to short-sell stock index futures. He knew that with the market trend, it was unlikely that there would be any good deals. Given the opportunity, he couldn't help but say, "Brother Su, what about you?"

Su Yi replied: "Let me take another look. If there are no good trading opportunities, I will also choose to take a short position and rest."

"I also happen to be on a business trip for a while, so I probably won't have time to come here." Mr. Deng also said at this time, "Sigh... The greater the expectations, the greater the disappointment. If this continues, can the Shanghai Stock Index hold 3000 points? , are all problems. At this time, short positioning and protecting oneself should be the best choice."

After saying that, Lin and Deng continued to chat with Su Yi for a few words and then left.

Su Yi continued to review the trading in the trading room for a while before getting up and leaving.

When he walked out of the VIP trading room, in the brokerage business center office of the sales department outside, many brokerage clerks were still on the phone. In the noisy voices, almost all of them were urging customers to replenish margins, or reminding the other party that their financing account had been touched. The topic of tying down the cordon.

And in the lobby downstairs of the sales department.

There are several financing customers who are seeking explanation from the manager because their accounts have been liquidated.

Outside, the entire Financial Street was still bustling, but everyone Su Yi passed by had a heavy look on their face without a smile.

Online at the same time...

In major stock discussion communities and forums, more and more people are complaining about their liquidated positions.

Even some posts about committing suicide due to financial leverage, losing all their money, and desperation, have gradually begun to appear in the hot topic areas of major stock discussion communities.

Despair, fear, panic, anger...

Many negative emotions, after the many good news released by the regulatory authorities failed to save the market decline, but caused a more serious stampede situation, and successfully strangled the long funds that were fully engaged in bargain hunting today, they once again enveloped the country like a violent storm. The entire financial market permeates the hearts of hundreds of millions of investors in all markets.

Successive good news has failed, there has been a series of tragic plummets, and there has been a series of 'thousand-share limit drops'.

At this moment, all bullish confidence in the market was completely wiped out.

No one believes in the bull market anymore, and no one has any hope in the market anymore.

At this moment, everyone just wants to escape.

You just want the stocks you hold not to continue to fall by the limit.

Even a number of listed companies, especially those listed on the GEM and small and medium-sized boards, are facing the stock price trend of their own companies that has continued to fall to the limit, and the company is constantly approaching the forced liquidation line of pledged equity. The stock price couldn't help but start to panic, and they quickly applied to the China Securities Regulatory Commission for an emergency suspension.

The China Securities Regulatory Commission aims to avoid further panic in the market and the further spread of the market liquidity crisis.

They also had to agree to the suspension applications of these companies.

So, just one night.

The two cities have added more than 500 companies to the emergency suspension.

For listed companies on the GEM and small and medium-sized boards that did not have time to apply for emergency trading suspension, the market resumed trading on Tuesday, July 7.

Unsurprisingly, they once again encountered market liquidity difficulties. As soon as the market opened, they continued to hit the limit!