【Stock Market Review】 Calm power

"I will never forget the day on July 8, 2015. After the A shares fell for two consecutive weeks at a high of 5178, I have opened a call from a more familiar securities industry in the helplessness. What should I do at this time. She told me deeply: 'Running! There are already customers who have burst out of positions, and some are close to the liquidation line. Selling at no cost ... "As soon as I heard that I heard this, I heard this, and the mentality completely collapsed, and immediately cleared all the stock account. %, I really cut it at the bottom! "After 7 years, I mentioned this again. The tone of the investor Ms. Wang was still full of panic and regret. The ups and downs of the stock market is a normal state. Calm and independent thinking is particularly important. It is easy to shake without a strong heart. The people of people, Yunyun, chasing up and killing are taboos of investment. Buffett's teacher Benjamin Graham once said: "Even if there are a thousand people think you are right, you are not necessarily right. Calmness is a must -have quality for investors. Only when you think calmly can you make rational rationality. , Logical and efficient decisions. "

Many people feel that they can't make money because they are not smart enough, but in Buffett's view, it does not require much emotional intelligence to make investment, and it is not much clever. What needs is stable emotions and calm and calm minds. He believes that most investors' behavior is very emotional, which is due to human nature. They were very excited when they were in the bull market, and they thought they made money last year, so this year we have to make more money! Then it will continue to increase the size and then, and the stock price will be pushed step by step; when they find that no one can make money, they will say that the stock market is a bad place and becomes no longer concerned about the stock market. When others are excited, they will become very excited. When others are afraid, they will become more afraid, and then reciprocate in this way. Only by always maintaining objective objects, leaving the herd effect, and ignoring market noise, can you enjoy the return of investment.

Before investors do each investment, the first consideration should not be potential, but potential risks. People are always easy to reduce their risk exposure during profit, and unconsciously increase risk exposure when losing money. At the same time, when you see huge potential profits, you forget the potential risks, thereby ignoring position management. These are not calm performances. An investment that will bring you bankruptcy, even if this investment is expected to make a higher profit, it is a bad investment. Therefore, at any time, you must calmly clarify the logic you bought. When this logic is no longer established, you should stop the loss immediately. Buying and selling complement each other to form a complete trading system. List the plan in advance, and resolutely implement it according to the plan so that the rationality will not be easily replaced by perceptual. Otherwise, the plan will be used in virtual, and step by step may be disrupted in the end. Think about your panic every time you are emotional by the market. Is it because there is no plan or position configuration that exceeds its own scope?

This week, the A -share continued reduction was adjusted, and the Shanghai Index fell below the 3100 -point integer mark. The market is worried about the spread of emotions, and the individual stocks are showing a general decline. On Friday, more than 4,200 stocks were green in Shanghai and Shenzhen, with a turnover of 667.6 billion yuan on that day. Faced with the recent unilateral decline, investors are in a frustration, at a loss, and spend the year. At this time, it seems that a calm and powerful mentality is particularly important. Meng Song, the person in charge of the Shanxi Securities Fund Investment Consulting Department, told reporters: "At this stage, it is not appropriate to be pessimistic about A shares. The domestic fundamentals recovery trend will not be changed. The configuration window of the subsequent large -level market. Therefore, there is no need to worry too much in the mid -term. Under the support of the fundamentals, the market is expected to recover after the market is repeatedly built. In operation, the position must be controlled before the market is effective. Switching and high and low will still be the main logic of the market operation. "The hot spots in the bear market will rotate faster. Yesterday's daily limit came to a daily limit today. Frequently adjusting the stock conversion of stocks is more likely to lose money and face on both sides. Under the current market, keeping calmly, it may be wise to have no moves. Investment is the process of knowing yourself and discovering yourself. What you hear when investing should be your own voice, not the screaming of the vegetable market. As long as you can calmly think and objectively analyze, coupled with patience, making money is sooner or later. When we make investment, the most important thing is to prevent the principal from generating risks, followed by allocating funds to a place with higher yields. Buffett believes that there is only one risk of investing in stocks, that is, the company's poor operation leads to the risk of delisting, and daily stock price fluctuations can be ignored. The opportunities for excess profits are all falling, so the decline in the stock market is not a bad thing. Facing the current market, mentality is the most important, and calmness can make the correct judgment. As long as the stock you invest is undervalued by the market and has a variety of value -added potential in the future, you don't have to worry about being set now. It is believed that the price will return to the value after all, and what you have to do is just waiting.

Shanxi Economic Daily reporter Zhang Rong

Responsible editor: Bai Biwei

School pair: Zhang Fengrui

Review: Kang Yu, Li Qing Liu Ting

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