1,000 lots, 2,000 lots, 3,000 lots...
When Su Yi had just reduced his holdings of 'Teli A' stock chips to 10,000 lots.
The overall market trend began to worsen, the Shanghai Composite Index hit a new intraday low, with a daily decline reaching 2%, while the Shenzhen Component Index and ChiNext Index plunged rapidly, their daily declines rushing towards the 3% mark.
"What's going on?"
Zhao Qiang, who was currently maintaining the 'Teli A' market trend and guiding the stock to continue trading hands, saw the major market indices suddenly plummet unilaterally, and a large volume of concentrated selling emerged on the trading interfaces of major index constituent weighted stocks.
He instantly felt something was amiss and secretly wondered,
"Has some negative news occurred?"
Thinking this, he quickly switched interfaces and glanced at the latest market news on major financial websites.
However, he didn't see any negative news.
Of course, some potentially significant negative news that could affect market trends might not appear immediately on public market news channels.
Therefore, after Zhao Qiang saw no clear negative news.
He quickly turned his attention to the internal groups of smaller circles with faster and more sensitive news channels, and in the group, he @-mentioned 'Sun Ge', another familiar and powerful market speculative fund, asking,
"Sun Ge, what's the situation?"
"I'm not sure either,"
Sun Ge replied.
"I heard some people in the circle are spreading news about 'Zhengjin' (China Securities Finance Corporation) withdrawing, but it should be false."
"Isn't that nonsense? The 'national team' only entered the market a few days ago, how could they withdraw?"
Someone in the group replied.
Zhao Qiang thought to himself that this news was indeed absurd.
The 'national team' had just managed to temporarily stabilize the market with real money, and the overall market sentiment hadn't even recovered yet, so they're withdrawing now?
Wouldn't that market rescue be for nothing?
Sun Ge continued,
"Market trends primarily involve the combined force of capital and emotional guidance. Whether we believe it or not, at this moment in the market, if other funds believe it, in a weak oscillating market, especially when bullish investors are already like startled birds, it will trigger an emotional avalanche."
Zhao Qiang, hearing Sun Ge's words, still had some doubts in his mind.
But unexpectedly, when his gaze returned to the trading interfaces of the two markets, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index had already shown an avalanche-like trend.
In just a few minutes.
The Shanghai Composite Index plunged from a 2% decline to over a 3% decline, having already lost the 4,000-point mark.
While the Shenzhen Component Index and ChiNext Index had already approached the 4% decline mark, and active small and medium-cap hot stocks like 'Tonghuashun', 'East Money', 'LeTV', 'Baofeng Technology'… were already plunging to below a 5% decline under immense selling pressure, showing a strong trend towards hitting the limit down.
As for 'Teli A', the stock he was leading.
In these few minutes, its stock price also rapidly slid, flash-cashing from around a 5% gain to a 2% gain.
And, visibly, it was still continuing to slide rapidly.
"Holy crap, this is insane, emotions really did avalanche."
Zhao Qiang couldn't help but curse inwardly, watching as his account already held 25,000 lots of 'Teli A' chips.
He sighed helplessly, no longer daring to increase his position.
"Sigh... what a pity. If only the market had cooperated a little today, 'Teli A' should have gone up."
He was originally full of confidence, thinking this wave would definitely bring big profits.
But unexpectedly, the entire market collapsed due to a rumor from so-called insiders.
Under this situation, trying to push the price up further was already meaningless.
Because under the emotional avalanche, everyone was scrambling for market liquidity, trying to cut losses and escape, and no major funds dared to follow the trend anymore.
Even he himself, upon seeing the Shanghai Composite Index easily break through 4,000 points again.
He also had no choice but to perform the trading operation of brainlessly selling off the chips bought yesterday to cut losses.
Subsequently, with more and more stop-loss orders being frantically sold, the market for 'Teli A' also gradually began to lose liquidity, showing a continuous large plunge towards the closing bell.
Finally, when 3 PM arrived and the two markets closed.
One could see the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all plummeted by over 8%, again showing a phenomenon of liquidity drying up, and a thousand stocks hitting the limit down reappeared in both markets.
Among them, the Shanghai Composite Index even dropped from around 4,050 points in the morning.
It continuously broke through major resistance levels at 4,000, 3,900, and 3,800 points, plummeting directly to around 3,720 points.
This time, not only did all small and medium-cap stocks in both markets hit the limit down, but even the main board central state-owned enterprises and state-owned concept weighted stocks that the 'national team' tried hard to protect also hit the limit down across the board.
However, just as the number of stocks hitting the limit down in both markets reached a historical high of 1,767.
The stock 'Teli A', surprisingly, under extremely violent fluctuations throughout the day, ultimately did not close at the limit down.
Instead, it closed at its early morning low of a 6.16% decline, settling at a price of 27.06 yuan, miraculously outperforming today's indices that had completely collapsed.
After closing...
Su Yi gazed at the closing result of 'Teli A' and the tragic closing situation of the two markets, secretly feeling lucky in his heart.
During trading, when he discovered that 'Teli A' could not emotionally resonate with the broader market, he felt there was a problem with the market's trend, but he didn't expect the problem to be so huge!
The so-called rumor of 'Zhengjin' withdrawing.
He had just heard about it in the internal group of the 'Modu Ultra-Short Group'.
But he completely didn't expect the market to plunge to such an extent in an instant because of this rumor.
However, the market reacting so strongly to a clear rumor also indirectly showed that the market's bullish sentiment was very fragile and already like a startled bird.
Of course, according to his memory of the market's macro trend from before his rebirth.
He knew that today's 'thousand-stock limit down' was just a preview of the market's investment sentiment collapsing completely again in mid-to-late August.
Next, in more than half a month.
The 'national team' led by 'Zhengjin' would continue to try and maintain the market, to retain the dwindling bullish confidence in everyone's hearts, hoping to pull the Shanghai Composite Index back to the bull-bear demarcation line of 4,000 points.
"Fortunately, we cut losses and exited in the morning."
While Su Yi was lost in thought gazing at the closing results of the two markets, in the internal small group of the 'Foshan Faction' speculative funds that had completely exited by cutting losses in the morning, Chen Guiyun truly broke out in a cold sweat upon seeing such a closing situation and exclaimed,
"Brother Liao is indeed amazing, today's selling point was completely flawless."
"Indeed, when trading is not going well, one cannot have excessive expectations and fantasies for a market one cannot control,"
Liu Jinshi said, also full of apprehension at this moment.
"A thousand stocks hitting the limit down! Market liquidity crisis reappears. If regulators don't intervene strongly tonight, I'm afraid the previous stock market crash will repeat itself."
"Today, we really did escape a disaster,"
Liao Guoxiang remarked.
In his heart, he couldn't help but once again feel fortunate for his perfect execution of trading operational discipline.
This was not his first time relying on strict stop-loss discipline to avoid a stock market crash-like plunge, and facts proved that his trading model had no problems.
"I wonder if the 'Financial Street Fuxing Road' capital has left today?"
Although Liao Guoxiang no longer held 'Teli A' stock chips, he was still very concerned about this stock and was full of anticipation for today's 'Dragon-Tiger List' data for this stock.
After all, judging by the intraday market trend of 'Teli A'.
He could be sure that during trading, there were still relatively strong main speculative funds maintaining the stock price and market of this stock.
It's just that he wasn't sure if this capital was indeed the 'Financial Street Fuxing Road' speculative main capital, which made him both resentful and admired, and had once controlled the market and shown a desire for bullish trading during the morning call auction phase.
And amidst his anticipation and curiosity.
5 PM arrived, the 'Dragon-Tiger List' for both markets refreshed, and 'Teli A' was still on the list.
(End of Chapter)
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