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Volume One: The Long-term Is Gold Chapter 397: The Profound Lessons from the 530 Stock Market Disaster (Part 1)

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    Because of the long-lost surge, that night, the Miracle Group became a sea of ??joy, and almost everyone looked at the market outlook optimistically.  ¨R, This week, the Shanghai Stock Exchange Index rose from 1990 points to 2181 points, with a weekly increase of 9.6%.  As the saying goes, one negative line changes emotions, two negative lines change mentality, and three negative lines change beliefs.  The same is true for continuous positive lines, especially big positive lines like today.  Originally there were still many people who doubted the 3300 point target and the bull market prediction mentioned by Ding Xu, but with the continuous surge after the Spring Festival, especially on February 6, the Shanghai Stock Exchange Index rose 4% and climbed to 2181 points, which is only one step away from 2200 points.  When they were away, everyone began to trust Ding Xu's judgment more and more.  Even Ding Xu himself felt a little elated.  After all, we can predict the beginning of the bull market from 1664 points. We have experienced a lot of doubts and doubts along the way, but now the goal is being achieved step by step. Perhaps according to the market's rising method, we will see 3328 points in the near future.  This sense of accomplishment made Ding Xu somewhat immersed in it.  ¡°In addition, everyone regards Ding Xu as a master and leader, and there are few objections. At the same time, Ding Xu¡¯s judgments and predictions have been repeatedly verified by market trends, which also makes Ding Xu more confident.  "Don't be too optimistic. After continuous sharp rises, profit margins have accumulated too much. Maybe there will be a big drop next week to correct the overbought pressure in the market." At this time, Big Roubao Shengsheng said calmly, "You have  It was not found that the KDJ indicator has turned downward and started to cross, which shows that it is seriously overbought and facing adjustment pressure. "This sentence.  It can be regarded as pouring cold water on everyone.  Suddenly someone was unhappy.  Shuiyuan said: "Roubao. Are you a short position? You don't like us making money, so you are cursing the market?" "How can this be called a curse? This is seeking truth from facts." Daroubao said with a wry smile, "Okay, you just think of me.  I never said that, let¡¯s continue the party.¡± Ding Xu was excited and quickly looked at the technical indicators.  He groaned: "Big meat bag, the KDJ indicator you mentioned is indeed overbought and has begun to cross downwards. However, the KDJ indicator is a fast indicator, and the more stable MAD indicator is not bad. The red column continues to expand, and the yellow and white lines continue to expand.  It¡¯s also going close to the red pillar, and there is no overbought phenomenon. In addition, the Spring Festival red envelope market usually lasts for a week or two after the holiday, and may not be adjusted immediately. " "Well, I just want to remind you, it may not be correct.  And you are right. When KDJ is overbought, it may not be adjusted immediately. This indicator is usually too sensitive and not as reliable as the Mad indicator."  Ding Xu nodded.  At this time, Ding Xu was immersed in excitement and did not take this sentence seriously. He quickly discussed with his friends how the market would rise sharply in the future.  Tiancheng said optimistically: "Miracle, I think the target of 3300 points is still too conservative. It fell from 6124 points to 1664 points, a drop of 4460 points. According to the golden ratio, this bull market will have to rebound by at least half, which is 20  Points. 1664 plus 20 points equals 3894 points. The future high point may be 3894 points, not the doubled 3328 points. "Why only rebound by half of the 66% decline?"  , isn¡¯t it 2943 points? 1664 points plus 2943 points is 4607 points. In this bull market, I firmly see more than 4000 points!¡± Shuiyuan is more optimistic.  "Well, it's not unreasonable." Even Ding Xu was a little tempted and said with a smile, "If we can rise to the position you said, wouldn't our funds have to be doubled again?" "Haha, that's how it should be. Last year we  We have suffered a bad fall, let us have some fun this year." Yuying couldn't help but smile from ear to ear.  "Alas!" At this time, Banban, who had not bubbled in the past two days, suddenly sighed and said, "Do you think this is very dangerous!" "Huh?" Ding Xu was all excited and asked quickly, "  "Banban, what's wrong?" "Your attitude of not being able to listen to negative opinions is dangerous! I don't think the market is very dangerous now, but your mentality is dangerous, especially when some people are unable to listen to negative opinions.  You have already said something about cursing the market. Isn¡¯t this just a fantasy? Then you started to release satellites, from 3328 points, to 3894 points, and then to 4607 points. If you continue to discuss it, will it reach 10,000 points?  If this atmosphere continues, there will be fewer and fewer members of the group expressing different opinions, and it will be easy to form a bullish atmosphere and ignore potential adjustment risks. When the market really drops, you may be too careless to escape in time.  . Or lost the principal because of buying the bottom too early.¡± It seems that the finger injured by playing has recovered. He typed quickly tonight.  I broke out in a cold sweat. At that time, my group was similar to your miracle group, because when the market rose from 998 points to 2,000 points, many people were afraid of the high and left the market. But when the market rose to 3,000 points, many people returned.  Back??When the market rose to 4,000 points, many people went crazy. They firmly saw the price above 10,000 points and could not listen to contrary opinions at all. In the end, they were taught a lesson by the market.  Even I didn't expect that the news of stamp duty reduction would cause individual stocks to plummet by about 40%, and fall by the limit four or five times in a row.  In that battle, I died miserably.  However, after learning that lesson, I was able to overcome my greed at more than 5,000 points, leave the market decisively, and finally achieve financial freedom.  Sorry, seeing the way the Miracle Group looks now reminds me of that time, so I would like to remind you.  " "The May 30 tragedy" Ding Xu was filled with emotion when he mentioned this historical event, because his father also suffered great losses in the May 30 tragedy. Late at night on May 29, 2007, in order to contain the  The stock market was rising rapidly. The Ministry of Finance issued an emergency policy to increase the stamp tax rate from one thousandth to three thousandths. The next day, the Shanghai stock index opened sharply lower by more than 5%, and then quickly rebounded to a position of only falling 2%. Many stocks  Individual stocks also hit their daily limit, which relieved countless worried investors. However, this was the last chance to escape. Soon the market fell all the way, and the Shanghai Stock Exchange Index finally fell by more than 200 points, and even though it fell by more than 6.5% in the following days.  Relying on bank stocks to pull up the index, the index did not plummet every day, and it was red for two days. However, in just five days, the Shanghai Stock Exchange Index plummeted from 4334 points to 3404 points, a drop of 930 points, a drop of as much as 21.45%. Many stocks continued for four consecutive days.  Five limits fell, the stock price was cut in half, and retail investors were severely injured. Many retail investors were extremely afraid of the collapse. After they had no choice but to cut their losses, the market began to rebound strongly, which made the retail investors regret it and chase higher again. Unexpectedly, the market rebounded.  After that, there was a second bottom, and retail investors were once again forced to take action, eliminating a group of middle-class people who were accustomed to chasing ups and downs. The market slowly rose, and finally reached 6124 points, but basically it was all over.  It is the market trend of large-cap heavy stocks and has nothing to do with small and medium-cap stocks. When retail investors finally recovered from the pain and went after large-cap heavy stocks, they were finally trapped on the top of the 6124-point mountain. ¡°Well, I was too optimistic at the time.  .  Therefore, in the 530 incident, I was not decisive enough and did not exit when individual stocks hit their limit that day. As a result, they fell to their limit four times in a row. I lost a lot of profits. Later, the market rebounded but did not rise much, so I simply stopped watching the market and went out.  Traveled for several months.  Later, when I came back in September, I saw that the market was at 5,500 points, and my stocks had doubled.  " Banban sighed and said, "But all in all, I was too careless that time and was paralyzed by the continuous rise.  So when it reached 5500 points, I felt it was almost time to lock in profits, so I left the market and successfully escaped from the top.  The lessons learned from the previous May 30 Incident, which were bought with nearly one million assets, were not in vain.  If it hadn't been for this kind of lesson, I wouldn't have been able to be so steady in the future, and I might have lost all my profits in the 2008 bear market.  " "Failure is the mother of success.  "Ding Xu smiled. "Steady?  Bao Erdan asked curiously, "Excuse me, Banban, you said you made more than one million in the bull market in 2007. How many assets do you have now?"  Sorry, it comes to your personal a**, but I'm really curious.  " Banban smiled and said: "It's okay, there are many richer than me, I'm just a drizzle.  Well, let me tell you the bottom line. I insist on the medium and long term. In this round of market conditions, I made one and a half shares that doubled, and now I have more than 5 million.  "    "so much!  "Bao Erdan glared. "Well, of the original 1.9 million, I only used 100,000 for traveling. The remaining 1.8 million was made into a doubled stock, which is 3.6 million. Later, I made another stock, and now I have 3.6 million.  50% profit is more than five million.  It can be regarded as the initial realization of financial freedom.  "Banban didn't shy away from it, and explained in detail, "But Miracle is right, failure is the mother of success. Without the lessons of the 530 incident, I'm afraid I wouldn't be where I am now. There is a high probability that I will not be able to escape from the top at 6124 points.  If you carry it all the way through a bear market, you will be in big trouble.  " "What are the lessons you learned?  "Ding Xu asked curiously. "Haha, it's a long story. I wrote a very long document at that time. Every time the market rose a lot in the future, I would read this document again as a warning to myself.  Therefore, I am walking more steadily now.  Banban smiled and said, "If you don't mind it, I'll post it for you to see."  ¡± ¡°Wow, this is a post on my experience in becoming a millionaire, you must read it!  "Bao Erdan said excitedly. (To be continued)
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