A few days ago, the news that an Amazon.com employee “made millions of dollars by buying tesla shares and retired at 39″ broke the internet social media platform. The main character of the incident bought 2,500 shares of Tesla 7 years ago when the stock price was $7.5. Currently, he has personal assets of nearly $12 million.
This has sparked a group of young netizens to be envious and say that this is the dream they are chasing. Every young person has a dream of “freedom of wealth” to a greater or lesser extent. They need a way to manage their money outside of work, and stocks, funds, and futures, which are the closest places to money, have become the best choice for them to realize their dreams.
But unfortunately, there is always a distance between dreams and reality.
A few days ago, Tencent News and Cai Lian News Agency launched the “Chinese stockholder behavior report” shows that the current number of natural investors in A shares has exceeded 175 million people, and the new force of the post-90s and post-00s also began to kill the stock market, accounting for nearly 30% of the 24-30 year olds. According to the Cai Lian News Agency, “post-90s” and “post-00s” have become the main force of new account opening, in the Dongwu Securities new account users, post-90s and post-00s users occupy half of the mountain; Galaxy Securities also said that the trend of new account opening younger and younger.
But not everyone has a strong luck value. 2020 to early 2021 the stock market, the storm clouds. At the beginning of the year, the mask and epidemic prevention materials production-related companies, as well as semiconductor, military, photovoltaic, new energy vehicle concept stocks and other waves of incoming, the enduring liquor stocks also ushered in a wave of shock.
When the initial shouting “bottom” down the young retail investors and investors, most of them bought real money lessons.
In this issue of the Bistro, we talked to several young people about their stock market experiences. Their investment behavior is varied. Among them are listening to friends, access to gossip on the eagerness to invest, there is no shortage of borrowing money from relatives and friends to speculate on the aggressive behavior; they have a coin toss to choose stocks, listening to fate; there is no understanding of anything but know how to chase the rise and kill the fall; there are also bought 9.9 yuan financial course “learning” after entering the market to speculate ……
For most young people, the stock market has no money-making effect, only money-losing effect. In which full of ambition, rampant you, look like a verdant leek.
Listening to friends recommend stocks, I lost more than 70,000
Xia Xia|27-year-old product manager
In April 2020, when the A-share bull market was in full swing, a friend of mine who used to work in a securities company suddenly came to recommend stocks to me, telling me to hurry up and get in.
He strongly recommended a stock to me. At that time, I didn’t take it to heart, because I never easily trust stocks recommended by others. But he persuaded me, said a lot to me, such as “A shares do not have value investment, the logic of the rise depends on the majority shareholder or dealer want to pull up”, and said that the stock’s majority shareholder and concerted action to reduce their holdings, but “three years ago their bulk trading price has exceeded 5 The company’s shareholder and concerted action to reduce their holdings, but “three years ago their bulk trading price has been more than 5 yuan, not pull up will certainly lose money, so now hold at least 3-5 times the upside,” and so on.
He also said that one of his own customers has invested more than one million yuan; he himself has five or six good friends, respectively, bought hundreds of thousands of yuan. There are pictures and truth, very sincere.
I have always heard him chanting, intentionally or unintentionally, that he bought some stock, and took less than six months to multiply several times and so on, so I could not help but open the software to check the stock he said, and found that it did go up a lot in six months. He also patted his chest and said, if I listened to him buy this stock lost money, then all the principal he made up to me, make money as long as you buy him dinner on the line.
The A-share bull market in 2020, the index shock upward, although the plate rose a lot of stocks, but I was holding the two stocks up is not too big, up three days, down two days, the profit is easy to eat back, I did not lose much, but also not much money, looking around the people every day to show off how much money they earned, I am also anxious, afraid that they will miss this round The “bull market”. So in July 2020, I tried to buy a little bit of the stock he recommended.
The stock he recommended, after I got into it, did go up, from $7.16/share where I bought it to $8.15/share. So during its rise, I filled my position all the way, bought all the other chips, and also cashed out my bank credit card as well as cash loans, with nearly 200,000 yuan all repositioned in this stock, less than half a month, the book floated more than 20,000 yuan. I was happy and thought I had gotten a stock with potential.
But the good times did not last long, after the company’s major shareholders dumped their shares to reduce their holdings, the stock price fell all the way, from the peak to the lowest point fell nearly 40%. As the stock price was high during the period, I filled my position all the way, and finally not only lost my profit, but also lost my principal from nearly 200,000 yuan to less than 130,000 yuan.
At the beginning of the fall, I wanted to cut my position, but this friend also said I was unstable and advised me to hold on. But now, he says he has lost a lot of money too, and doesn’t say a word about the promise to make up for my losses. Although I have broken my arm to clear my position, but now when I think of this matter, I am full of anger.
Speaking of which, we have not been in touch for a long time since this incident. I don’t know if other people who were pointed out to me by this friend are as good-tempered as I am and just let it go.
3 million yuan to buy the “news shares”, I want to cry
Universe｜31-year-old private equity fund senior investment manager
Why do I speculate in stocks? It has always been my ultimate career goal to engage in freelance work and get rid of the “laborer” label. Especially in 2020, this desire has become even stronger.
Through a friend’s introduction, I met a professional stock speculator, Rui. According to my friend’s description, this Rui has hundreds of millions of RMB in his hands, and many wealthy people have come to give him their money for stock investment, and they have all gained a lot of money. So I hooked up with Rui to learn from him how to choose stocks, how to choose the time to buy and sell and other skills.
I am a finance professional and work in investment, it is not difficult to learn these, but the stock market is volatile and unpredictable, it is not easy to play overnight, but Rui is modest and low-key, often patiently share his experience and position, so I have gained a lot.
In July 2020, the domestic epidemic was brought under control, and tourism and duty-free related concept stocks took off with the momentum. According to Rui, this company might get the second domestic “duty-free license” in the near future, and could hold a small position first.
I immediately got excited and started to check the relevant information on the Internet after I got home. Wangfujing, which was happy to get the first domestic duty-free license, had already achieved a wave of surge in June, and it was too late to enter the game, so it was a good investment opportunity to grab the second license. It was already mid-July, and the stock price of the news stock recommended by Rui not only stood on the 20-day average, but also clearly showed an upward trend, so I immediately bought the whole position with the idle funds of several tens of thousands of yuan in the card.
At the end of July, when I checked my stock account again, the tax-free news stock had risen by 90%, almost doubling! I excitedly called Rui to report the news, and Rui was so exuberant that he told me he was ready to add to his position.
As I watched the stock go up, it was as if I could see my life trajectory going up as well. If I won this game, I would no longer have to punch the clock, have meetings, work overtime, and maintain clients, and my life would be filled with only wealth, freedom, vacations, islands, and rising numbers in my stock account.
When I thought of this, I liquidated my entire wealth management and fund accounts, and took out my parents’ savings, adding up to nearly three million yuan, and bought the news stock in full. I had to do something big this time.
Then I began a dream-like life, every morning at 9:30 a.m. on time to open the trading software, watching the red bar of the stock gradually lengthen, as well as the daily calculation of rising earnings figures, the leadership of the task set more and more disdain.
By one day in August 2020, the green line woke me up from my dream. The stock price then changed its upward posture and fell 3-5% every day. When the stock price fell through the cost of my position, I pressed on and ran to ask Rui, and his reply to me was, “The ‘tax-free license’ thing hasn’t landed yet, there’s still a chance, hold on.”
I believed him. But what I didn’t expect was that the stock price was still in the toilet. The last time I went to look at my stock account was months ago, when my principal had fallen by 50%. I heard from a friend that Rui was also raising money to cut the meat. I didn’t dare tell my parents, so I had to work harder. After all, I was still just a “laborer”.
I bought a liquor stock at the highest point in January
Wang | 25-year-old media practitioner
I never pay attention to the logic of buying stocks, up I buy, down I sell, keen to speculate on the short term.
I don’t know if it’s my bad luck or my inability, but basically the stock I’m chasing in, it will fall within a few days, a fall for several days, and then my mind will collapse and I can’t help but sell it. But each time the first foot just sold, the second foot it began to rise again, played me around.
In early January 2021, the new energy and wine sector has been rising, before I have been watching for three or four months, I think the market value is very high, but the trend has not stopped. I have some bold friends, during my wait and see heavy buying, made a lot of money. I was anxious to hear others make money, but still felt that demon stocks are demon stocks, or to buy institutional holdings of the stock to be good.
On January 7, I bought 3 lots of Longi shares and 2 lots of Ningde Times at a share price of 114.78 yuan and 415 yuan per share, respectively; the next day I managed to stand guard at the highest point of the two stocks. After that, the stock fell for 6 days in a row, and the market value of these two stocks shrunk by tens of billions of yuan at once. On the fourth day of the decline I immediately sold, a total loss of more than 10,000 yuan, but if I do not sell and so on, the loss may be more.
Originally I wanted to sink some more, but during that time, the institutional broker who was long on the new energy and liquor sectors said that there might be a bubble in the holdout stocks and that the institutions wanted to transfer their positions. I thought, in these two stocks on the chance of returning to the capital is not very big, first run for the better, so that even if the institutions retreat, not too much loss.
January 7, the day I also bought three lots of alcoholic beverages at 187.73 yuan per share, although just bought a few days ago in the rise, but now also fell back, and then even more directly down, closing price of 184.99 yuan. The liquor stock also lost, and now I am very confused, do not know how its future trend, and do not know whether I should run or continue to hold on.
With their own “ability” to help others speculate in stocks, the result of a 50% loss
Ping Lei|31-year-old asset management industry
I used to be a fund manager at a large brokerage firm for a few years, with good performance and a small reputation in the circle. After I left this brokerage firm, I also received some demand for stock speculation, most of these people know me through friends, recognized my ability to manipulate, willing to give me the account to help me speculate.
Some seniors told me to grab these early customers. The asset management business is actually all about word of mouth, and it’s not hard to get their yields up with my ability, and the rest of the clients will naturally come to me once the performance is done. So I decided to open my own small asset management company to help these rich people speculate in stocks.
My company’s capital market is about a few tens of millions of yuan, not very large. I used my past contacts to go around to brokerage firms and research institutions to run news, and when the market was good, I did make some money.
Later, a friend in the industry recommended an insider news stock, saying that their company now specializes in taking customers into this stock, at least 20-25% return, I examined the credibility is very high, there are indeed some good institutions are into, so I began to build a position into the hand.
In order to balance the risk, I added some bank brokerage stocks, these companies operate steadily, and the rate of increase is relatively stable. At first, the news ticket did rise as promised, some customers saw the account earnings, began to feedback to me positive results, and will introduce some new customer funds in, I began to steal joy inside, more and more confident in their own investment ability.
After about half a month, the “news” revealed by my friend was delayed, and the news stock also stopped rising. I relied on my previous experience in stock trading to determine that this should only be a technical adjustment, and therefore did not adjust my position in time.
However, afterwards I realized that this became the turning point of my entrepreneurial career. The so-called “insider information” had been aborted, and the stock had fallen all the way down, losing 50% so far. I don’t know how to face my customers, almost every night I lose sleep until 3:00 am, and I’m even considering whether I should change my career.
But I can only carry on now. I’m watching the market every day, expecting to come back up.
Flipping a coin to speculate in stocks, losing 100,000 yuan in six months
Bodhi|31 years old freelance
I was born on the day of Goddess of Mercy’s birth, my family had found many gentlemen to “tell my fortune”, and they said I was born with a rich life. Although my family’s situation was far from this statement, everything changed when I was 25 years old. In less than two years, my family received a huge sum of 3.2 million yuan for the demolition of my village, of which 3 million yuan was given to me by my parents.
I began to really believe that I had a good life. I tried to do business, open a restaurant, join the milk tea store, but in the end nothing, after two years of tossing and turning, only a little more than one million yuan left in hand.
At this point, a friend told me: “Learn to invest more important than will make money.” He also said that if I started with the money to speculate in stocks rather than business, according to the big bull market, I conservatively estimated that I can earn a half million yuan. The company’s main goal is to provide the best possible service to its customers.
It was more than two years ago. 200,000 yuan is not a small amount, I was apprehensive, and even asked my mother to help “ask” the Bodhisattva. The operation is very simple, is to my home on the consecration of the statue of Goddess of Mercy to say the question and then toss a coin, heads is “good”, tails is “bad”. My mother tossed the coin three times, and two times it was heads. In fact, I thought, we at least know each other, so I lent him money.
Less than two months, this friend gave me back 2,000 yuan, said it is to my interest, 200,000 yuan is still in the stock market, he waited for some time after the sale to pay me back, but also strongly encouraged me to join him, to buy Alibaba shares. “double 11 concept is so hot, buy Ali’s stock, later sure to earn a lot!” He has a U.S. stock trading account, I do not know anything about the stock market, I firmly believe that “professional things should be left to professionals”, so I gave him 500,000 yuan.
I also flipped a coin before I gave him the money. I was very impressed, that day even tossed three times are heads up, so I was convinced to buy this stock can not go wrong.
It didn’t take long for Ali’s stock to go down. At that time, every day I would insist on flipping a coin to decide whether to flip, but none of it was smooth, and three times there were always both heads and tails. Six months later, around November 2018, the stock had rebounded and my heart was grounded. I would still keep flipping a coin every day, and one day the toss was heads three times, which I thought was a sign for me to sell, so I asked a friend to help me sell them all. That’s how I lost 100,000 yuan in six months.
The ones I liquidated are going up, the ones I’m holding are still down
Cai Cai丨26 years old photo editor
I started speculating in March 2020 and have held Northern Rare Earth, Shunfeng and Air China.
I’m not a person who is used to putting eggs in multiple baskets, and I tend to concentrate on one stock for a period of time. After opening an account, the first stock I bought was Northern Rare Earths at RMB 9.37; three months later, on June 11, 2020, I completely liquidated my position, and the stock price was RMB 9.78 on that day. I made just over $3,000 on this stock.
After that, I held Shunfeng shares for one day – I bought them on July 6, 2020 at $56 and sold them the next day at $61.60, making over $10,000.
But now, the prices of these two stocks are $13.8 for Northern Rare Earth and $87.9 for Shunfeng. All in all, my heart hurts. Northern Rare Earths, in particular, has been rising since I liquidated my position.
The stock I currently hold is Air China. I bought it on May 6, 2020, at $6.94, and have had a few short runs during that time, making over $30,000. The most recent one was bought again on December 4, 2020 at $8, after which it dropped. Every day when you open the speculative software on your phone, the test is a heartbeat.
My own profession and finance is not related, I also did not systematically learn the knowledge of stock speculation, not to mention enrolled in classes, listened to the class of the big V, can be said to be a “three no” people. But my current rate of return is 45%, which I think is more than 97% of stock market investors.
Buy shares do not look at the performance of the calendar, career, stock market are not smooth
Liu Yu|36-year-old warehouse manager of a logistics company
This year is my fourth year of stock speculation. When I entered the stock market, I just worked not two years, there are tens of thousands of dollars in hand, but can not afford to buy a car or a house, so try to manage money.
I consider myself to be a person who likes to study and quickly figured out the basic principles of the stock market.
Since I entered the stock market, I have been thinking about K-line charts all the time. My style is short term, and I’m all about fast operations. I studied Xu Xiang’s famous technique “one word soul-breaking knife”, hoping that one day I could also accumulate great wealth in the stock market. I didn’t even go to work for a while and focused on stock trading at home.
Short-term operation is, frankly speaking, to chase the rise and fall, the key is how fast the hand, how bold. But then I found that such short term operation is not my control at all, most cases are the opening or “red”, the afternoon close on the “green”. I studied a lot of techniques and skills, I can use a lot of technical terms to say why a stock rose or fell yesterday, but I never seem to be able to predict the movement of a stock tomorrow.
Gradually I even began to be superstitious, when buying stocks rather than look at the performance to read the calendar, buy the time must also eat a meal of beef, hoping to have a good fortune.
In the eyes of my friends, I look like a “god of stocks”, I added no less than 30 cell phone speculation, investment, financial groups, I often appear in the group, and the group of friends to talk about, but only I know, speculation for four years I almost did not make money, counting the loss of some, plus the cost of time loss more. The four years in my career is also almost no refinement, but is haphazardly completed the company’s performance.
If given another chance, I will never spend so much energy in the stock market, and will not be confident inexplicably.
I bought a 9.9 yuan financial class and lost 3,000 yuan on the first day in the market
Yafei|25-year-old banker
The sky is not falling, want to make money or be a good worker.
I have not been in the market for long. But the first day I lost nearly 3,000 yuan. Looking at the screen full of green and look at the balance of the payroll card, I put down the phone and began to work honestly.
My college major is geology, but my dream is to become a financial industry practitioner. Later, because of the work relationship, I came into contact with a lot of financial securities industry practitioners, and every time they chat, I will hear a lot of recent stock market, fund status of some views. I think I have learned a lot about what types of stocks they buy and at what timing they buy and sell. In addition, I myself also down a variety of related apps, every day in Zhihu, B station to see speculative partners share their stories, it becomes more heartened.
But I still do not dare to easily test the water, so I also signed up for the so-called 9.9 yuan financial class, full of joy to follow the teacher every day to punch the card, learn about stock speculation, in 12 days of time to harvest a full “chicken blood”, bullish on a few stocks, I think it’s time.
I also went to talk to a friend who is in the securities business. He said in his opinion, I am optimistic about the stock, the semiconductor sector has recently moved better, no problem, you can buy. I believed him and bought two stocks with 20,000 RMB.
The first day I bought in, the dazzling green color on the screen made me lose 3,000 yuan. The pure leek is talking about me, right, buying at the highest point and losing money afterwards.
I looked at the chat with that friend, annoyed, blacked him out.
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