The three major A-share indices showed mixed performance today. By the close, the Shanghai Composite Index fell by 0.96%, the Shenzhen Component Index fell by 0.66%, the ChiNext Index rose by 1.27%, and the Beijing Stock Exchange 50 Index fell by 0.29%. In terms of sectors, soybeans, agriculture, papermaking, fiber optics, CPO, propylene oxide, tourism and hotels, semiconductors, liquid-cooled servers, and the coal sector had the largest gains; while precious metals, non-ferrous metals, oil and gas extraction and services, real estate, securities, biopharmaceuticals, complete automobiles, and wind power equipment sectors had the largest declines. The total transaction amount in the Shanghai, Shenzhen, and Beijing markets reached 28624 billion yuan, a decrease of 3970 billion yuan compared to the previous day, with over 2400 stocks in the three markets showing gains.
When the market heats up, retail investors get excited; when gold prices surge, beginners go all in. But guess what? The excitement belongs to them, while the profits have already been quietly bagged by the smart ones. Don't think that reaching a new high is the starting point; many times, it's the end of your watch! What did Hat Guy do? Did he go crazy with the rise? — Sell on the highs! Did he get confused with the drop? — Buy on the lows! Is everyone shouting bull? — Control your position, absolutely do not go all in! Why? Because the most brutal killer move in a bull market is not a bear market, but a sharp drop! You chase the highs with all your capital, and it crashes in the middle of the night — not even enough time to throw you a lifeline! Remember this: "Don’t chase the reds, make up for the greens; sell high, hold low; surviving in a bull market is more important than making money." This is not conservatism, this is strategy! It’s not being timid, it’s being clear-headed! While others are celebrating in their emotions, Hat Guy is counting money with discipline. Hat Guy saved my life again!
The three major A-share indices showed mixed performance in the morning. By the lunch break, the Shanghai Composite Index fell by 1.19%, the Shenzhen Component Index fell by 0.96%, the ChiNext Index rose by 0.8%, and the北证50 Index rose by 0.18%. In terms of sectors, agriculture and forestry, grain, film and television, tourism and hotels, CPO, papermaking, and semiconductors performed actively; while precious metals, non-ferrous metals, rare earth permanent magnets, photovoltaic equipment, oil and gas exploration and services, chemicals, real estate, steel, and intelligent AI concept stocks had the largest declines. The total transaction value in the Shanghai, Shenzhen, and Beijing markets was 19514 billion yuan, a decrease of 836 billion yuan compared to the previous day. Over 3800 stocks in the entire market declined.
Why should we take profits in batches when gold and silver prices rise? Because historically, when they rise significantly, the decline can be terrifying. For example: 1. 1979–1980: Catastrophic surge → Plummet + 20 years of stagnation ● Background: The dollar decoupled from gold + Oil crisis + Iranian Revolution + Inflation skyrocketed to 14% ● Increase: Gold went from 200 → 850/oz (more than quadrupled in 1 year!) ● Result: ● Halved in 2 months (dropped back below $400) ● Silver's situation was even worse, from 50 → 15, a 70% crash ● After that, it fell for a full 20 years until it finally warmed up after 2000. Can you handle 20 years of decline?
Most gold concept stocks opened lower, with several stocks including silver non-ferrous, Xingye Silver Tin, Yuguang Gold Lead, Zhongjin Gold, and Shengda Resources opening at the limit down price.
Gold fell sharply by 7% last night, with the lowest price reaching 5107 dollars, but it has risen again. Impressive, but the strategy remains unchanged, continuing to execute. This time may just be a small rehearsal.
The futures market opened in the morning, and most of the domestic futures main contracts rose. In terms of increase, synthetic rubber rose more than 4%, coking coal, Shanghai silver, coke, and fuel oil rose more than 3%, while p-xylene, crude oil, PTA, pure benzene, and LPG rose more than 2%. In terms of decrease, lithium carbonate fell more than 3%, aluminum alloy, platinum, and palladium fell more than 2%, while alumina, japonica rice, polysilicon, and Shanghai aluminum fell more than 1%.
Can this really comfort people? When my aunt was young, a stock fell from more than 13 yuan to 90 cents, with nine consecutive trading halts…… In my life, I have never experienced such a drop; it's highly likely that I will never experience it, and I don't want to.
Tonight some people can't sleep, especially the retail investors who recently chased high prices. Gold suddenly plummeted, and last night there were those wanting to sell their aerospace stocks to chase gold and other precious metals. I told him he would want to place another high-priced buy order, and indeed he did. He bought aerospace stocks at a high price and then went on to buy gold and other precious metals. So generous! No particular hobbies, just loves placing buy orders. However, how is the hat family army doing? Not being greedy is good; we are calm and just waiting for the drop.
Oh wow, investing is indeed a literature of regrets. The price of gold has been reduced for several days at high levels, and it was agreed to continue rising and continue reducing, but only today it was forgotten, and thus the regret comes... The spot prices of gold and silver have plummeted, both falling after previously rising by 3% and 4%, respectively. The intraday drop in spot silver has widened to 8%, reported at $107/ounce.
In December 2022, I won't talk about 2023 or 2024, but I will talk about 2025. In 2025, the A-shares will reach 4000 points, and fans are asked to record it. This will be verified in 25 years! I think I'm crazy; back then it was always 3000 points, who could imagine 4000 points? Who told me this? So bold, and the key is that it really happened in 2025. Don't you think it's incredible?