Why do stocks fall as soon as the stock market is red (the basic method of risk response)

Let's talk about the structural market first, and then why the index has obvious differentiation. It is often conscious to see how retail investors grasp the structural market. Recently, many friends have been talking to me about new energy, thinking that the core of the market next year must be around new energy.

It is not to refute the new energy track, but to be strikingly consistent with the group holding after the surge of 20 19 chip semiconductors and the group holding after the hype of core assets such as pharmaceutical liquor in 2020.

The expectations of retail investors in the market are too consistent, which is obviously problematic. Other people's stocks go up and their own stocks go down because they received other people's orders at the top of the mountain. These tracks are not bad, but the overall increase far exceeds the actual growth of enterprises, completing the overdraft of the market.

20 19 let's talk about chip semiconductors first. From the beginning of 20 19 to February 2020, the whole chip semiconductor sector rose by 160%. From February 2020 to February 2002 1 year, the chip semiconductor oscillated1year, with an amplitude of nearly 50% and an interval drop of 20%.

Let's talk about liquor in 2020. From March 2020 to March 20021year, the whole liquor sector increased by nearly 200%. From March of 20021year to now, the interval amplitude is 36%, and the interval drops by about 10%.

Obviously, whether it is chip semiconductor or liquor, from the logic of performance growth, there is no problem at all, except that the plate has undergone a wide adjustment after experiencing a surge of about 1 year.

This shows that performance can promote the market and trends, but it can't completely determine the ups and downs of the market. Especially after the market surge, it will definitely face the dual pressures of valuation repair and performance verification.

The outcome of the structural market is that retail investors stand guard at high positions, and then face long-term shocks, and find that other people's stocks have risen again, but it is a pity that their own stocks are tasteless.

Every day is depressing, painful and uncomfortable. It is actually one of the phenomena that the market turns red every day and individual stocks fall everywhere. In essence, the market funds are relatively limited, and investors step on the wrong rhythm, leading to missing the structural market.

How to Deal with "28 Market"

Old investors are familiar with it, and the so-called "28" market often appears. Of course, occasionally there will be a "82" market. The so-called 28 is actually a style, that is, 20% of stocks go up and 80% of stocks go down. Behind this, it is the knowledge of big money, which is an extreme.

After the stock market crash of 20 15-20 16, the market of holding a group began to take shape on the 28th. Because after a large-scale decline, the first to climb up must be "high-quality" stocks, the so-called big blue chips. Therefore, the first batch of white horses rose, and the leaders of various heavyweight sectors such as Ping An, Vanke and China Merchants Bank were the first beneficiaries.

After the small bear market of 20 18, the second gathering market began at 20 19. This time, it is a big consumer headed by Maotai, including GEM Weight, Contemporary Anpu Technology Co., Ltd., Aier Ophthalmology, Mindray Medical and Oriental Fortune. , running all the way.

Although investors are quite complaining about this group market, as far as funds are concerned, where there is money to drill, there will be a group to make money. Therefore, investors can only accept the market and have no way to influence it, because they are participants, not trend leaders. For investors, there are only three coping strategies for the 28 th market.

First, don't participate and wait and see.

What I mean here is not to participate, but to lighten up or even wait and see. Since there is only a 20% chance to make money, why play a small probability game? Since you can't understand it, you won't participate, no matter whether the index goes up or not. Buying stocks doesn't make money anyway.

You can pay moderate attention to index funds and earn the benefits of index rise. But for individual stocks, if you are not sure, don't participate. Short positions at least do not lose money.

Second, switch styles and follow the market.

Another method, called following the trend, is relatively clever. Of course, following the trend does not mean being at the end of the market, at least in the middle. Because the initial changes in the market are not obvious and need to be confirmed, it is impossible to react at once.

But in the middle of the market, if the differentiation is still obvious, then you must follow suit if you want to participate. As for the end, there will be obvious signs, that is, high turnover, negative line, structural plate began to fluctuate greatly, which is a sign that funds began to differentiate. It is right to follow the trend, but you should be able to judge the early, middle and late stages of the trend.

Third, stick to the value you recognize.

The last way is to stick to the values that you recognize. First of all, you can stick to those stocks that are not against the wind, and even accept the decline of stocks. But you have to understand whether the stock you buy is really worth sticking to, at least on the basis of performance.

Stick to it at will, even if the 28 th regiment collapses, the stock you hold may not necessarily rise. Style rotation is inevitable, but it is also inevitable for funds to find value. It's ok to stick to it, but you should stick to it correctly, or at least stick to the stocks with growing performance.