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what happened before the holiday?

september 30 is the last trading day before the a-share holiday, and a-shares rose sharply:

shanghai composite index (broad market) rose8.06%

gem rises15.36%

kechuang 50 rises17.88%

bse 50 rose22.84%

more than 40 brokerages have reached their daily limit.

in the past two days, many people around me have come to inquire about the stock market. as expected, the sharp rise can attract people. even the aunts shopping for food on the streets are discussing it.

don’t hesitate, it’s a bull market!

let me start by saying that a bull market does not mean you can make money. remember this sentence.

let’s start with some basic knowledge. you can skip to the main topic.

stock market

a-shares are china’s stock market, and there are three domestic exchanges. we are familiar with the shanghai stock exchange, shenzhen stock exchange, and beijing stock exchange. that is to say, listed companies can choose one of them (that meets the threshold) to be listed, and they can trade after listing.

each exchange has its own "board".

for example, the shanghai stock exchange has a main board and the science and technology innovation board that we are familiar with; the gem is on the shenzhen stock exchange.

since the positioning of each "board" is different, the attributes of stocks are also different; for example, the science and technology innovation board and gem are positioned at technology growth companies, and they are also the sectors with the highest growth in the bull market.

in addition to a-shares, there are also hong kong stocks and overseas markets (the united states, europe, japan, etc.).

hong kong stock exchanges and a-share exchanges have southbound connect (stocks) and etf interoperability (funds) channels, through which you can buy each other's stocks or funds.

each market has different closing times. for example, a-shares will be closed for 7 days during the national day this time, and hong kong stocks will be closed for 1 day. hong kong stocks opened today, and there was another hearty surge.

ending at noon:

hang seng index rises6%

hang seng china enterprises index rises7.212%

hang seng technology index rises8.718%

indexes and index funds

index, which is compiled according to certain rules and groups a bunch of stocks together. for example, the science and technology innovation 50 index is an index composed of the top 50 stocks on the science and technology innovation board. there are also csi 300, gem, sse 50, csi 500, etc. these are all broad-based indexes; there are also stocks that are compiled into an industry and are called industry indexes, such as the liquor index and the consumption index.

index fund, is a fund that tracks an index. that is to say, the fund will buy stocks that are in the index.

otc funds: buy funds from banks, tiantian, ant and other channels, open a fund account, and you can buy;

on-market funds: etf, lof and other funds, traded using stock account trading rules. for example, if you buy a stock on the first day, you can sell it on the second day.

main topic

let’s briefly talk about how to prepare when the bull market comes.

1. when the bull market comes, open two accounts first

stock account

in the last article we mentionedthe bull market is coming, what should i buy?, the conclusion isbuy broad-based etfs with growth attributes. the reason is that the bull market is generally rising, and the growth sector is stronger. on monday, we saw the growth of gem, science and technology innovation board, and bse 50. moreover, the main board's increase or decrease is ±10%, the gem's ±20%, and the science and technology innovation board's ±30%. stock accounts can only trade when the market opens, that is, starting from the 8th, the trading hours are 9:30-15:00 on weekdays.

fund account

understand the fund’s simple trading rules. stock funds buy many stocks. after the stock closes at 15:00 every day, the net value of the fund for that day is calculated. that is to say, if you buy before 15:00 on the same day, it will be calculated according to the closing price on that day. if you buy after 15:00, it will be counted as the next trading day.

for example, if you buy a fund during a holiday, it will be counted as a purchase on the first day after the holiday. in other wordseven if you are anxious to buy now, the rise or fall of the stock market on the first day after the holiday has nothing to do with your fund.。the next day's rise or fall has nothing to do with you.

the stock account is fast in, fast in and fast out, but you cannot operate the upper limit or lower limit. if the market is good after the holidays, it may go up to the limit directly and you cannot buy in; the fund account takes time, there is a 1.5% handling fee for selling within 7 days, and the time process is long .

hong kong and us stock accounts

a-share markets are not open during holidays, but hong kong and us stocks are open. if you have opened a hong kong and us stock account before, such as futu, tiger, huashengtong, etc., then you can trade. what to buy? follow the previous idea - growth etfs. in addition, hong kong and us stocks can be leveraged, with double xxetf and triple xxetf.but it is not recommended to add leverage.

according to the new regulations, new accounts cannot be opened. old users are in luck.

2. is the bull market coming?

don't ask, it's a bull market.

3. how long will the bull market last?

the following is historical data, as the old saying goes:if it was a bull market, it wouldn't have only been rising for two days.

one more thing to mention is that the stock account can only be traded on the next working day, which means that the account can be opened on the last day before the holiday and can be traded after the holiday. during the holidays, hong kong and us stocks continue to ferment, more new investors will join them, subsequent sentiment and funds will continue to increase, and policies will continue to increase; the shanghai stock exchange will have another stress test on the last day of the holiday.

4. how to operate now

those in the car were lying down counting their money, of course paying back their money first. after all, it has been down for three years.

if you are not on the bus, if you are a novice, it is recommended to learn the basic knowledge during the holidays, especially the risk part; open an account and go big after the holiday. the principle is that there is no leverage (no borrowing money) and no stud (all the money is invested). this principle applies to everyone.

for those who are hesitant, the bull market is fast in and fast out;the market is too hot, and it is likely to rise and fall in a short period of time.。

5. bull market does not mean making money

look at the picture below. it is an etf fund for hong kong stocks. hong kong stocks have no price limit. it once rushed to more than 200%, but immediately fell back. if you buy at a high point, you will be hung on a high branch. therefore, the sharp rise in the stock market and the bull market does not mean that you can make money.

secondly, a classmate asked me why i didn’t just make a little profit and leave in the bull market. i think during the bull market stage, many people took the bait and saw their accounts changing day by day. they were greedy and even borrowed money or sold houses to speculate in stocks. this is not uncommon.

in the atmosphere of the bull market, i saw several media outlets yesterday warning about risks, which is indeed good; but in this market, anyone who doesn't let me buy stocks will delay my making money. this is what most people think. human greed has no limits.learn to accept when things are good.

6. i am still bullish

old leeks warn of risks, while new leeks push ahead; each time the history is different, but it rhymes with the same rhyme.

don't ask me: whether to rush or not, whether to buy or not, how much to buy, and how long it can rise. no one has ever encountered it. how should i put it? it is a market that only happens once in ten years. naturally, i am bullish. in fact, the position is almost full and waiting for the return of capital.

sometimes, investing depends on luck.

finally, something i often say:

investment is about risk expectation management. if the expectations are reasonable, the results will probably be reasonable.