What is hot money? Literally, hot money is speculative capital that pursues the best interests in the short term. In fact, hot money is a big category, including private placement, international hot money, Hong Kong, Macao and Taiwan funds and the liquidity of some large enterprises or state-owned enterprises. From small to large, retail investors with certain financial strength also belong to hot money. Hot money is fierce, agile and explosive, with hot topics as the main theme, and the operation methods are familiar to us? Short, flat and fast? . Because it is a lightning force with very flexible operation mechanism, it shows a good advantage in the transaction. In terms of system, hot money is lighter and simpler than institutions, and in terms of combat effectiveness, it is stronger and more professional than retail investors. So the local bull market is dominated by hot money. In the whole hot money system, the appeal is the daily death squad. The main members are Jiangsu, Zhejiang and Guangdong. At present, there are more than 30 first-line hot money of death squads, with a total strength of not less than 30 billion.
The formation of hot money is not accidental, but inevitable. During the period from 1990 to 1993, the ideology of the whole capital market was relatively single, and it only relied on the original funds of retail investors to promote the market development. From 1994, investors with certain financial strength began to pursue profit maximization. In this context, Zhuanggu came into being! Because the Internet was not popular, communication was underdeveloped and information was asymmetric, 90% of retail investors mainly traded in the form of technology. Looking at the pictures and talking made Zhuanggu a brilliant generation. Older investors should still remember Delong and Zhongke, which were classics at that time!
When we open the annual trend chart of Shanghai Stock Exchange Index, we can see that A shares have been a small bull market of 10 from birth to 200 1 0. In August of 200 1, the index suddenly turned south and began to enter Bear Road. This fall is five years! From the end of 200/kloc-0 to 2004, the market ecological environment deteriorated deeply. Ideology and trading methods have also begun to change. We know why Zhuanggu can last for 10 years before the end of 200 1. That's because the ideology of the market is to do more, and you can make money by finding a good graphics stock. In order to meet the needs of retail investors, Zhuanggu will make the graphics beautiful! The sudden bear market makes all funds feel unprecedented cold, because this is the first time investors have experienced a bear market!
The year from 2002 to 2004 was 1. At that time, a large number of Zhuang shares were still sitting in the traditional mapping mode. The continuous bear market led to the break of many Zhuang shares' capital chains, and many Zhuang shares failed to sit in the village and fled for their lives to start stock trading. At that time, after all, hot money was weak and could not compete with institutions. In order to avoid confrontation, we can only take the marginal route. ST shares, low prices, storytelling and speculation began to rise. The first batch of transformed Laozi and Zhuangzi began to really experience the role of hot money!
After 2004, the market ideology changed again, and the hot money abandoned the traditional mode of individual stocks fighting alone and began to cater to the appetite of the policy. Why is China A-share market characterized as a policy market? Did it start with the executive management speech in 2004? Nine articles of the old country? 9. 14 quotes! In five trading days, the index soared by 200 points at a rocket-like speed, and in this wave of market, the market reaction of hot money was obviously faster than that of institutions. While those funds are still waiting to see, the hot money that has been successfully transformed in various ways has been hyped up with lightning speed, and the institution later chased up and bought the code at a high price. During this period, the hot money in the market has a certain scale, which can compete with institutions!
2006-2007 was the first big bull market in the A-share market. In this big market, hot money and institutions shook hands for the first time and agreed to join hands to do more. Institutions headed by funds focus on blue chips, while hot money, in order to maintain sustained market popularity, digs theme stocks for speculation during the adjustment period of index rise, which was later talked about by market participants? Load, set the stage, and sing? In fact, it is about the interest pattern of institutions and hot money! Institutions eat blue-chip rice and hot money rice, and this is also the case until today.
Two years after the big bull market, it immediately entered 2008, and the market once again turned into a bear market, which can be described as a big reshuffle! You can say that the big bear market in 2008 was a butterfly effect caused by the subprime mortgage crisis in the United States. You can also say that inflation and RMB appreciation caused the crash. You can also attribute the cause to natural disasters such as earthquakes and floods. You can also think that it was the return of value after the stock market bubble burst. But a more vivid understanding is that this is the collective escape of the powerful groups in the capital market and will be firmly nailed to the shame column of A-share history! As we know, in 2008, as the birthplace of the subprime mortgage crisis, the market value of US stocks only fell by less than 20%, while China's capital market was only an affected person, but its market value plummeted by more than 60%, which is illogical to this extent. So who is desperately shipping? The answer is the size of the big blue chip! The time window just focuses on the collective lifting of the ban in 2008! This big negative stick, which plunged 65%, bears the conspiracy, lies, fierceness and all the dark side of the capital market!
In the conspiracy, the powerful group used the political image of the Olympic Games to create an atmosphere of national stock trading again, and pushed the index to the 10000 mark to cooperate with the long-planned shipping movement. In the lie, PetroChina with a high index of 6,000 points is packaged as the company with the largest ability to make money in the world, and shareholders are deeply involved in making money. Fierce size, hot money institutions spare no effort to smash shipments. And in order to achieve the goal of frying and harvesting, the organization strongly advocates it? Value investment? The purpose is to appease the emotions of retail investors. You know, in the atmosphere of all people's stock trading at that time, you can make money by buying any stock, and a considerable number of retail investors who didn't have time to enter the market were eager to make money with chips in 2008 because they didn't believe that the stock market would fall. Just like Chinese aunts bargain-hunting gold, I don't believe that the price of this kind of gold, which claims to maintain and increase its value forever, will continue to fall. Even with the quilt, the Chinese aunt's mood is still stable and her mentality is still optimistic. Because their subconscious thinks? Gold is a good thing, it will definitely rise, and the market outlook will make money? .
Generally speaking, the survival strategy of hot money is to rely on news and theme to eat, and to speculate on the theme of the market outlook in advance. Hot money is also a person, with personality classification, and personality is reflected in the trading style. Some hot money likes to judge the policy direction and only engage in policy-oriented hotspots. Some people like temporary emergencies such as earthquakes and epidemics. Some like to play new shares. Some like to chase the daily limit. Some like to do high delivery. Some like to reorganize. Some hot money has been taken away. The amount of hot money is usually large, and it is a VIP customer for brokers. In order to retain big customers, it provides better service. Service? Brokers will act as a bridge between hot money and listed companies. In order to cope with the uncertainty of the market, hot money was used. Are you sure? To deal with the market. This has also created many market rumors from hot money, such as the famous Hongling Middle Road. News has always been the target pursued by hot money. The theme is a story. In order to make the market theme look good, the hot money will be packaged after the low opening, and then with the media, it will achieve the effect of four or two. We will also set up a self-media to fan the flames in the air and come on.
Hot money usually sits in the village for a short time and should be hidden. After selecting small and medium-sized target stocks without institutions, they will start to open positions for 2-3 trading days, and the pull-up period will be in the last half hour of noon. At the same time, they will close at Zhongyang with an increase of more than 3%. After three consecutive trading days, there will be a technical rebound on the daily stock line. Because this bullish K-line combination is deeply rooted in investors' psychology, it is huge for retail investors who like to make graphic stocks after the close. Since there is no original warehouse in the hands of hot money, if you want to get more chips quickly, you can only buy while pulling up. When you collect the ideal chips, you can choose a trading day with a good index environment, and repeat the old trick after 2 pm, which will greatly increase the late trading again. This time, the increase determines the profit rate of this short-term job, which will usually be Changyang above 5%.
The second day after Changyang appeared, it was to consider the delivery link. On the same day, the time-sharing pattern will complete a part in the form of shock, sell a part of chips in a small order in a very hidden way, and attract more after 2 pm. Will it be adopted this time? Large single platen? In the way of knocking orders, the hot money in the market will be bought and eaten according to a careful plan, resulting in the illusion that the stock price will rise sharply. After the big order is attacked, the inertia of the stock price will be maintained by continuous small orders, so that the time-sharing chart will show a straight line of 45 degrees. Because the turnover has a small peak at the beginning of the reversal, and the retail investors who are cheated to chase the high will greatly enlarge the turnover, this fierce handicap usually has a second wave of pull-up. Therefore, at this time, hot money will use the two-wave diagram of time-sharing technology and use small orders to cross high points. In order to get on the bus in time, the followers of the first wave will definitely make a deal at the market price when the second wave breaks through, thus achieving the goal of getting on the bus quickly. Under the influence of herd effect, what is shown in the handicap is a sharp increase in buying activity, which is also the illusion of hot money. When the second wave of time-sharing rushed up, the hot money had already hung up the selling order at the handicap, waiting for the retail investors to get the goods. Therefore, this wave and the second wave are the peak period of hot money shipment, and most chips can be distributed at high prices. As a batch of goods has been digested in early trading, the remaining chips of hot money can be easily distributed through shocks in the next few trading days.
Hot money is mainly based on news speculation, so the cycle will not be too long, and the requirements for individual stocks are not high. Sunshine private equity funds pay more attention to the fundamentals of theme stocks. After all, it is not your own money, but you should consider the return on investment and risks.