Cash of King: Observation on the Chinese stock market on October 8
Good afternoon, everyone! During your lunch break, I would like to share some of my views on the A-share market on October 8, hoping to provide some reference for everyone.
News analysis
The increase is too fast: Recently, some securities firms have announced that they will no longer accept quotes for individual stock options, which may be a signal of overheated market.
Trading volume surges: The trading volume of Shanghai, Shenzhen and Beijing has exceeded 2 trillion, showing the influx of funds.
Strengthened financial supervision: Financial management departments have begun window guidance and clearly prohibit bank credit funds from entering the stock market to maintain market stability.
Market observation
Today, the market opened high and then fell back. The current price is in the middle area of today's time-sharing range. This fluctuation reflects the changes in the mood of market participants.
Personal opinion
From the news perspective, the simple understanding is that the current market funds and participants are relatively crowded. Market participation funds are growing exponentially, and financial policies are also conducting credit control. I personally think this is both for market regulation and risk control.
The market opened high and then fell. I think this is normal. After all, it is impossible to keep rising. There will definitely be a pullback. The current market situation is overheated and the future direction is full of uncertainty. In this case, we need to pay attention to risk management and retracement control.
It is recommended that you set a retracement price that you can accept. If the price falls below this point, no matter what news happens around, you must leave the market in time to protect your profits. If the price does not fall below the set retracement level, we can continue to hold, and gradually increase the preset retracement price as the price rises to protect our potential profits.
The above is my view on the market and my operating ideas. It is not an investment suggestion. It is for your reference only. I wish you all a smooth investment and big profits!