Xu Xiang Zexi really started to become famous all over the country in 2114. Most people can only look at the Zexi Fund and sigh. It is too mysterious. Every fund is sold every second. It doesn't matter that there is no way to subscribe for a Zexi Fund. The reason is that the rate of return in Xu Xiang is so beautiful that it far exceeds similar funds in the market. For this investment magnate who entered the stock market with 31,111 yuan at the age of 15 and accumulated 25 billion yuan in assets in 24 years, his legendary investment experience was worshipped by the public. In this paper, I will introduce a glimpse of Xu Xiang's winning investment through people who have been in close contact with Xu Xiang in Zexi.

1. Concentration

Only concentration can make people always alert and respond to the changing market at any time. Although focusing on the market is boring and easy to get tired, it is an essential price to ensure that every transaction does not get out of control and win. According to people who know Xu Xiang, Xu Xiang is so focused on investment that most people can't understand it. He studies the market for more than 12 hours every day. After trading hours enter the trading room, he never leaves the trading session. He resumes trading and studies stocks every night, and he has almost no entertainment and other hobbies. Moreover, he has maintained this habit for more than 21 years. I think this is the most important reason why Xu Xiang's capital has increased by 831,111 times in his 24-year investment career!

Only an ascetic simple life and unparalleled concentration can yield unexpected returns, which is the core of his winning investment strategy. The market is a winner-takes-all world, facing unpredictable crises all the time. Without absolute concentration, it may lose control of its position at any time and become prey in the eyes of other hunters.

golden eagle interpretation: in life, many investors have their own jobs, so it is difficult to spend so much time studying the stock market. Many people buy and sell stocks by listening to news and buying and selling stocks by feeling, but they fail to study the logic of the stock's rise and fall deeply. When they are caught with impatience, they cut their meat and stop losses, and when they return to their capital, they stop making profits for fear of falling, so it is difficult to make a profit.

2. Long-term investment

is not how long you hold a stock, but the cycle of your own investment career. If you regard investment as a lifelong interest or career, your investment thinking will last longer, your research on the market will remain persistent and sensitive, and your mentality will be more stable and rational, so as to avoid chasing short-term interests and taking risks and ignoring risks.

Many people think that long-term investment is a time period invested in a single target, but Zexi's trading has always been dominated by fierce short-term trading, and the market even describes Zexi as a "death squad". So why is Zexi understood as a long-term investor?

One of the big reasons is that Xu Xiang has been fighting in the securities market for more than 21 years, and has formed a fast, accurate and ruthless investment system in actual combat, and has persisted in trading for many years. This understanding of trading and persistence in the trading system are the fundamental characteristics of long-term investors, rather than narrowly judging long-term investment and short-term trading by time period.

Golden Eagle's interpretation: There is no fixed investment pattern, and all roads lead to Rome. A trading system suitable for you and persistence in the trading system are the basis for long-term survival in the market. And many mass traders, in the face of these standardized and systematic traders, can only be robbed without knowing it. I have seen too many friends who have been making stocks since they subscribed, but they have not found their own investment methods in the market for more than 31 years. Alas!

3. Diligence

Many people only see the success of Zexi and Xu Xiang, but ignore Xu Xiang's stock market growth experience for more than 21 years, and also ignore the labor that Zexi people have paid in facing the market operation.

In Zexi, the income is divided into absolute income and relative income, which are both together. The performance of Zexi is characterized by two characteristics that attract the most attention: first, it should rise quickly, far exceeding the index rise in the long run, and second, it should be withdrawn, even if the market drops sharply, the performance can always remain stable. In the past years, Zexi's net worth has retreated more than 11% for no more than five times.

So the secret of such an irresistible wealth's steady growth is Zexi's assessment system, which is mainly as follows: if the stocks pushed can go up, it is best to go up immediately; The increase will exceed the Shanghai and Shenzhen 311 Index; After buying, the retracement cannot exceed 11%, otherwise, the stop loss will be stopped immediately, and the cover position is not allowed. This is called "the strictest assessment method in history" by the industry. Therefore, researchers in Zexi work very hard and spend most of their time in various places. The depth and density of research far exceed the average level of the same industry. In addition, Xu Xiang set an example by himself, studied the market in an ascetic way, and kept his unique sensitivity to the market at all times, and finally achieved miraculous results.

Golden Eagle Interpretation: There is no shortcut to anything. Don't complain about your bad luck, and don't think about opportunism. Down-to-earth and continuous hard work is the way to success.

4. Continuous learning

There is a saying in Xu Xiang that only by continuous evolution can the market not be eliminated. It is conceivable that Xu Xiang attaches great importance to continuous learning trading skills. After all, he began to participate in the investment market in high school, and he was not trained in stocks. However, in his stock market career of more than 21 years, he successfully completed the gorgeous transformation from a retail investor to an institutional investor. It can be seen that for more than 21 years, Xu Xiang is not just operating stocks.

golden eagle's interpretation: there is no end to learning, no matter what you live in, no matter how old or young, you can't stop learning knowledge. Paying attention to continuous learning is not only the foundation of Xu Xiang's success, but also the necessary habit for many celebrities in the world to achieve outstanding career.

5. Research on market psychology

In the market, many people are obsessed with the role of technology, but many people don't know that the K-line yinxian yangxian line is only a presentation of the market game at a certain stage, and both the upper and lower shadow lines of the entity and the cross star of Xiaoyin Xiaoyang can only represent the trading expectations of both parties at that time. To understand the long-term market trend in advance, it is necessary to study the market psychology, and market participants are the objects of market research, including

Xu Xiang often said that stock prices sometimes have nothing to do with fundamentals. The market is multidimensional, and both fundamentals and technology are just one dimension. As Buffett said, a shrewd investor can make money with solid fundamental research and accurate psychology.

The battle of Chongqing Beer is a classic case of Zexi. When Chongqing Beer Hepatitis B vaccine failed completely and the stock price collapsed, Zexi succeeded in bargain hunting and made huge profits. The twists and turns were all due to Xu Xiang's psychological analysis of the market. Xu Xiang later said, "Chongqing Beer is not a stock, but a lottery ticket. Thank you for scraping out the first time, and thank you for scraping out the second time. At this time, everyone regarded it as waste paper. At that time, the lottery was not finished, or there were always people who believed that there would be a big prize behind, and they would participate in scraping the prize. This is the psychological logic of the rebound.

Golden Eagle Interpretation: In the market, we will always be students. We should learn from the masters, the sages, the market, learn to respect the market and take your every transaction seriously. As the helm of Eagle Eye Gold Research Office, I have always maintained a humble attitude of learning, and it is an essential subject to learn from fund bosses like Xu Xiang, so as to share with you and discuss with you the challenges!