Bear Market Memories and Responses

Not long after I entered the market, I caught up with a strong rebound. The stock index rose from 330 points to 1052 points within a week, and then rose to 1532 points in two weeks. Individual stocks rose less than 3 times, and more than ten times. This skyrocketing successfully attracted the attention of all aspects of the society, and started the first market entry climax. A colleague of mine lined up an all-night queue for account opening. After that, it was followed by a long period of consolidation and decline. It did not break away from the gravity of 1,000 points for more than 10 years, until the arrival of the big bull market in 2006, hitting a high of 6,000 points that has not yet broken through.

In the nearly 30 years of my experience in the stock market, I have experienced a good period of upswing in no more than 6 years, and 23 or 4 years have been spent in consolidation and decline. The devastation of the long bear market is huge. Now I face the bear market more calmly, probably because I have seen it, experienced it, and earned it. There is also a bear market experience worth talking about. Almost the whole process, I have always been full, so every time there is a big rise, I am in and the market value has reached a new level in the short term. I usually hold two stocks, the main one accounts for 70%, and the auxiliary one accounts for 30%. The strange thing is that the one that is supported by each bear market rises 2 or 3 times against the trend, such as Kangyuan, Zuo Strength, mustard, etc., played an important role in maintaining my confidence. My major holdings can win and escape in the bull market every time, earning 2 or 3 times, like Rentang, Baosteel, and Youngor. The difference is the last Maotai, which rose up to 13 times without the bull market.

This year is an uncompromising bear market. Some fundamental events have occurred in the external environment of the stock market, which will test investors’ confidence in holding shares. The market was in a downtrend throughout the year, and the Hong Kong stock market was especially tragic, and the innovative drugs among them were even more tragic. Recently, Moutai has also joined the ranks of the plunge, and the market value of Hebo due to the failure of the Phase 3 clinical trial of Trasipor can be negligible or negligible. The stock market needs a big heart, think for the good in everything, and firmly believe that any trouble will pass, and there is no obstacle that cannot be overcome. This time it is much better than before. Xinlitai has started to become stronger. I have achieved good results in the first three years, mainly driven by Maotai. Xinlitai has dragged its feet for 4 years. This year, it is time for its performance. Ascentage is also relatively strong, its strength has not been widely recognized, I have confidence in it. Recently, a small number of postal savings banks have been deployed. On the one hand, it is too cheap. I also need to increase the proportion of dividend stocks. On the other hand, it is also an adjustment made in accordance with the requirements of the new situation. @Today’s topic

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