Seeing 'Teli A' stock continue to be locked at the daily limit, with its turnover rate and capital sentiment on the trading floor still good.
Su Yi, without hesitation, once again chose to hold his position and carefully reviewed the Dragon-Tiger List data performance of 'Teli A' during the past few days when he wasn't watching the market.
It was observed that according to the Dragon-Tiger List data of this stock from the past few days.
Su Yi found that the two pools of capital, 'Tiancheng East Road' and 'Yitian Road Rongchao Business Center', which had intervened in this stock at the same time as him, had already taken profits and exited.
Instead, several speculative capital powerhouses like 'Jintian Road', 'Hongqiao Road', and 'Mingzhou Sangtian Road' had returned again.
Among them, 'Jintian Road', after having shed its shares earlier.
The day before yesterday and yesterday, it had been aggressively increasing its positions for two consecutive days, and now collectively holds shares exceeding 30,000 lots.
"'Brother Jintian' truly lives up to his reputation as a top-tier speculative fund in the market,"
Su Yi couldn't help but sigh with emotion after reviewing the Dragon-Tiger List data of 'Teli A' from the past few days.
"This ability to correct errors promptly is truly remarkable."
In financial trading, the most difficult thing is the timely correction of perception.
Because everyone's understanding of market conditions in trading has certain flaws, once the market moves in the opposite direction of expectations, it is difficult for traders themselves to react promptly and make corresponding changes in trading strategy.
And those who can truly achieve timely cognitive error correction are undoubtedly top masters in market trading.
"'Brother Jintian' is formidable, but his operations on 'Teli A' this wave are clearly not as good as A-shen's from 'Financial Street Fuxing Road'."
Just as Su Yi was casually drinking coffee and reflecting in a Starbucks cafe, the man sitting opposite him, also holding an Apple laptop and trading stocks, responded with a smile,
"A-shen truly represents the pattern of top-tier speculative capital in the market. Striking at high levels, yet daring to heavily lock up shares, continuously creating high speculation space for the leader – it's truly impressive. This wave... A-shen has made at least tens of millions in profits from 'Teli A'."
"Is that so?"
Su Yi smiled and did not argue with him.
"It seems you also trade stocks professionally, young man?"
The man seemed quite talkative, or perhaps because both markets saw widespread gains and his account was profitable, putting him in a good mood, he continued with a smile,
"'Teli A' has attracted several top-tier speculative funds in the market. Although this stock has risen more than threefold from its bottom, I feel that the market trend for this stock is probably not over yet. Sigh... it's just that the position is too high, and I'm a bit hesitant to chase it."
"The high and low of a stock price are relative,"
Su Yi saw that he had some insights into market conditions and couldn't help but add with a smile,
"In short-term market speculation, the most important things are sentiment and the combined force of capital, as well as the ability to resonate with the broader market trend. Other factors like stock price highs and lows are secondary conditions."
"Oh..."
The man said, quite surprised,
"Young man, you seem to have quite a bit of research into short-term market speculation. Could it be that you're also a short-term trader?"
The man's expression was quite excited, as if he had found a kindred spirit.
Saying this, he stood up proactively and extended his hand to Su Yi in greeting:
"May I ask what your name is, young man?"
"Su Yi."
Su Yi smiled and gave him a light handshake.
"My name is Zhou Gucheng,"
The man said proactively.
"I was originally a trader at 'Novartis Fund Company'. This year is a bull market, isn't it? I felt it was too much of a loss to work for a fund company, so I came out to work independently.
Currently, haha... my performance working independently is still acceptable, and I'm currently slowly exploring and experimenting with various trading models."
Su Yi looked Zhou Gucheng over carefully and said,
"To have passable performance in the market structure of June and July, you're quite impressive."
Zhou Gucheng replied,
"I do short-term trading. If the momentum isn't good, I'll stop loss the next day as long as there's liquidity in the market, so I don't get deeply trapped. The only pity is that with my model, it's hard to hold onto big bull stocks.
For a market trend like 'Teli A', I was already paying attention when A-shen's 'Financial Street Fuxing Road' first intervened at the bottom of this stock.
However, I only managed to gain the profit of one daily limit. After that, I just watched this stock rise all the way, not daring to follow. This proves that my trading model still has significant flaws."
Su Yi listened to him explain his operations.
He suddenly felt that this person, in terms of his self-trading model, could self-update and improve, and seemed like a pretty good trading talent.
He couldn't help but secretly make a mental note, thinking that he might be able to use him if he started his own company in the future.
"Oh, Brother Su, you must also be following 'Teli A', right?"
Zhou Gucheng paused, then continued,
"I heard you were just reviewing the Dragon-Tiger List data for this stock."
Su Yi nodded slightly and said with a smile,
"I bought a little bit of 'Teli A' stock, thinking I'd review it to see the movements of various funds in this stock, and then decide whether to sell or not."
"If you're holding shares, I think you can continue to hold and observe,"
Zhou Gucheng said.
"As for continuing to increase positions and intervene, it's not suitable anymore. At this point, continuing to take on more shares, the risk-reward ratio for the trade doesn't feel very high."
"I feel the same way,"
Su Yi replied calmly.
Afterward, the two chatted about more stock-related topics and exchanged contact information.
Subsequently, unbeknownst to them, the market closed.
Su Yi glanced at the closing situation of both markets and saw that the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all closed with significant gains.
Among them, the Shanghai Composite Index rose 2.43%, settling at 4123.78 points, firmly holding above the 4100-point mark, while the ChiNext Index surged over 2.5%, showing a slightly stronger trend than the Shanghai Composite Index.
As for the performance of individual stocks beyond the indices.
The main capital groups in both markets, the areas of speculation they focused on, still revolved around the 'state-owned enterprise reform and restructuring' and 'oversold rebound' concept themes, to which 'Teli A', the leading stock, belonged.
And a host of follow-up stocks like Chuansheng Jiuzhou, Wanfang Fazhan, Hailuo Xincai, Mingxing Dianli, Xinxiang Huaxian, Phoenix shares, Sanxia Xincai... also remained active with the surge of 'Teli A'.
After both markets closed, Su Yi left Starbucks and returned home.
And when he got home, the Dragon-Tiger List for both markets had just refreshed.
According to the refreshed Dragon-Tiger List data from both markets, 'Teli A', the stock with the highest discussion popularity among market investors, was still on the list.
And according to the disclosed buy and sell seat data.
Su Yi saw that 'Jintian Road' had actually taken profits and left the market, while 'Foshan Group's' Jihua No. 6 Road, Lvjing Road, and Zumiao Road took over Jintian Road's shares, becoming the main buying force for 'Teli A' today.
Facing the entry of 'Foshan Group's' speculative capital.
Su Yi frowned, perceiving that the trend of 'Teli A' tomorrow might not be as smooth as today.
After all, based on his understanding of the operating style of 'Foshan Group's' main speculative capital, he knew this was a group of speculative funds that liked to crash the market the next day, a group that leaves nothing for those who follow.
They have a notorious reputation in the realm of speculative capital, yet their financial strength is quite robust, and they like to coordinate attacks across various trading seats, making them truly troublesome to deal with.
And just as he had expected...
On the next day, Friday, July 24th, when both markets, affected by a significant drop in overseas markets, opened slightly lower due to inertia.
'Teli A' during the call auction phase was subjected to dumping and selling by large funds.
Its stock price, from around an 8% gain at 9:24 AM, was directly crashed by a large order of 5,000 lots, dropping by 4 percentage points within one minute, destroying the strong call auction pattern of 'Teli A'.
This caused the stock to only open higher at a 3.89% gain, instantly reversing the bullish and bearish sentiment on its trading floor!
(End of this chapter)
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