Rebirth of the Capital Legend

The market's sharp opening shocked all investors in the market.

Similarly, it has also caused panic among countless investors who hold shares, as well as a strong willingness to sell.

So, after a short five-minute emotional brewing from 9:25 to 9:30, the market entered formal continuous bidding transactions.

There was not even a weak rebound, and it fell directly into a unilateral plummeting trend pattern.

At 9:45, the Shanghai Stock Index fell by 3%. In the market, a group of heavyweight stocks with extremely high financing balances, as well as leading concept stocks with high short-term capital participation, all suffered heavy losses.

At 10:15, the Shanghai stock index's decline expanded to 3.5%, and the two cities had already reached the limit of stocks.

At 10:45, the Shanghai stock index's decline once expanded to 4.2%. Securities, banks, insurance...the weights that support the market have all plummeted.

At this time, the trading account data risk control center of 'Yinghui Finance' company.

The number of risk trading accounts screened out by the risk control system has reached hundreds in a single day, and more and more of these risk trading accounts have fallen below the warning line and are rapidly approaching the liquidation level.

Likewise, its corporate business unit offices.

All the salesmen have had their phones in their hands since the moment the market opened.

Except 'Yinghui Financial' company.

The same situation is also happening among hundreds of financing institutions in Lujiazui Financial City.

Even the business departments of many securities companies began to have numerous internal financing trading accounts, which began to touch the position warning line and even approached the liquidation line.

"Crazy, crazy, this market trend... is simply crazy."

Ever since the market opened, Mr. Lin's face had been solemn. Mr. Lin, who had been silent all this time, saw that his heavyweight stock 'LeTV' hit the intraday limit again, and his whole mentality was completely shattered: "Is it just a news about clearing up OTC funds? ?As for it falling like this?"

Su Yi saw that the daily loss of his account had reached 500 million, and the total assets of the account had fallen below the 1600 million mark. In about a week, he had lost more than million in profit, and he couldn't help but said: "Mr. Lin Do you know how big the scale of leveraged funds in the entire market is currently?”

"How much?" Mr. Lin asked.

Su Yi replied: "The balance of on-site financing is 2.1 trillion, and the scale of over-the-counter capital allocation is estimated to be around one trillion. The total leveraged capital scale is at least more than 3 trillion."

"What do you want to say?" Mr. Lin asked, not quite understanding the meaning of Su Yi's words.

Su Yi continued: "I would like to say that a large part of the market's daily turnover of more than 2 trillion yuan is supported by leveraged funds. The bull market is also partially supported by leveraged funds. Now the regulators have put this If an important support is removed, how can the market not collapse?"

"What's the use of talking about this now?" Mr. Lin sighed.

His holdings of individual stocks have dropped to their limit.

Even if you want to sell at this time, you may not be able to sell the chips.

What's more, when it has fallen so much, he refuses to sell at the lower limit.

"You have made a lot of money this time." Mr. Lin took a look at Su Yi's account profit and loss data and continued, "In the few months I have been trading here, I have never seen anyone crazier and more profitable than you. people."

Su Yi smiled and said, "I've always been lucky."

At this moment, the market trading time has entered 11 o'clock, and the floating profit of his position account has reached more than 340 million.

But Su Yi still had no intention of closing his position and taking profits.

He continues to wait.

He knew that the market's most panic moment had not yet arrived.

As the market closed at noon, the market rebounded slightly and did not close at the lowest point in the session, probably because investors expected good news at noon.

However, it once again exceeded the expectations of many investors.

In the face of the market's plunge, there was a vacuum of news at noon, and no good news was released.

As a result, when the market opened in the afternoon, investors whose expectations had been disappointed joined the army of panic selling, causing the index to once again form a unilateral plummeting trend.

Even, at 2 p.m.

The huge amount of chips sold in panic directly caused the Shanghai Stock Index to drop by 5%.

After that, despair and panic began to fully cover all investor groups in the market, and countless market stocks experienced a lack of liquidity on the market.

Suddenly, retail investors, hot money, and institutions all fled.

All kinds of leveraged funds are even more desperate to cut their positions without thinking.

At 2:15, the Shanghai Stock Index fell 5.53%.

At 2:30, the Shanghai Composite Index's decline expanded to 6%, and heavy industry sectors such as banking, insurance, securities, and oil began to experience daily limit drops.

At 2:42, the Shanghai Stock Index once expanded to a 6.75% decline. More and more stocks began to lose market liquidity and went directly to the lower limit. At this time, more than 1100 stocks in the entire market had dropped to the limit, and the market decline was greater than 7%. There are countless stocks.

Finally, when 3 o'clock in the afternoon came, the two markets closed.

The Shanghai Composite Index closed at a loss of 6.42%, falling below 4500 points.

The main contract of the Huazheng 500 Index futures held by Su Yi plummeted to a drop of 7.05%.

After the market stopped fluctuating, no one spoke in the entire trading room.

Everyone's eyes were focused on the green sea of ​​​​stocks, fixed on the rows of dazzling stocks that had dropped their limit.

Thousand shares fell to the limit!

No one expected the market to close like this.

No one expected that the little negative news released by the regulatory authorities to "clean up OTC allocations" would directly interrupt the running bull market.

in the minds of many investors.

The article "Don't panic, this is just a technical adjustment" published by a well-known financial media last night is still fresh in my mind.

But now, looking back at the market trend...

Can this still be considered a technical adjustment?

Su Yi stared at the floating profit figure of 452 million in the trading account he operated, but still did not close the position to take profit.

He knows that when the bull market confidence of market investors collectively begins to loosen and the bull market begins to cast a heavy shadow, then the bad will be far easier to ferment than the good.

Moreover, a plunge that reaches the limit of 1,000 shares is not that easy to repair.

As long as the following holidays are coming, regulators will not publicly speak out to protect the market and deliver major benefits.

Then, Su Yi can be sure that on the next trading day, the market will definitely continue to fall by an inertia. After all, many stocks have closed their daily limits today, and the panic of selling has not been completely released.

Therefore, according to his position plan, this is not the trading position where the position should be closed and profit taken.

Letting profits continue to run along with the panic in the market is what he should do at the moment.