Pan Guangcai turned around and threw the cigarette butt into the trash can by the door. He took a sip of tea and smiled. "Young people, it's good to read more, but don't listen to the nonsense that everyone knows. When I was young, I had this bad habit. I was more familiar with 'buy low and sell high', 'valuation', 'moat', and so on.
When I first bought a hundred stocks and 99 of them went up, I felt that I was great and impressive. I was a god of stocks, wasn't I?
I even had the illusion that I was born to do this.
But when I started losing money, I realized that I was a hammer. In a bull market, there were more than 3,000 stocks, and 3,000 of them went up. Even a fool could make money by sheer luck.
When it came to a bear market, I started to panic. I lost everything I bought. If it wasn't for your mom, Li Hui, and Uncle Li Long supporting me, I would have gone bankrupt a long time ago. "
He Zhou did not know much about Pan Guangcai's history, so he asked curiously, "Uncle, how did you adjust after that?"
He Zhou could empathize with Pan Guangcai's words. The reason why he started investing in stocks was because he started making some money. He also had the illusion that he could earn some extra money from the stock market.
Pan Guangcai sat down again and unbuttoned his collar. He smiled. "You didn't want to admit defeat. In the end, you slowly summed up your own things. This set of things is only suitable for you. If you teach it to others, they won't be able to learn it."
He Zhou said, "If you don't tell me, how do you know that I won't be able to learn it?"
Pan Guangcai said, "For example, today's market is mainly affected by the market's mood. Most people will panic, and not everyone can handle it correctly.
If you can't control your emotions, you won't be able to execute a good trading idea.
Take your situation for example. You must have set a stop loss line at eight or ten points. Now, you're losing fifteen or sixteen points. Did you execute it? "
He Zhou chuckled and said, "I don't believe it. I have a feeling that it will rise again. I don't want to be controlled by the public's emotions."
"Don't go against the market's mood. The most important thing in trading stocks is to go with the flow. Only by going with the flow can you earn money. If you go against the flow …" What Pan Guangcai did not finish was that only people like him and Li He had the qualifications and ability to go against the market's downward trend. However, he still did not finish it. "If you're alone, you'll only be beaten up."
"Uncle, tell me more." He Zhou took out a cigarette from his pocket and stuffed it into Pan Guangcai's mouth. Then, he lit one for himself. "I usually don't even want to buy expensive clothes. Now that I've lost more than a million yuan, I'm so upset."
If he had known earlier, he would have taken the money and gone out to play.
It was better than losing it for no reason.
"Don't smoke so much. Of all the things you could learn at such a young age, you just had to learn how to smoke." Pan Guangcai, on the other hand, lit his own cigarette and continued, "From now on, get rid of the idea of 'hold for the long term, buy low and sell high' from your mind. How long is a long term? Some large-cap stocks have good quality, strong profitability, and generous dividends.
However, they've been lying low for five or six years without any movement. This little dividend can't make up for the loss of the stock price.
Even if you make some money, it won't be much. It will completely affect the efficiency of your funds.
The correct way should be 'buy high and sell high'. This is in line with the trend. Go with the upward trend. "
"Isn't this chasing the high?" He Zhou did not understand. All the books he read about stocks told him that chasing the high was a stupid thing to do.
Even some of the financial experts that he came into contact with because of his work would preach to him about the value of investing.
Now that Pan Guangcai was telling him the opposite, he really could not accept it.
Pan Ying smiled and said, "You're really stupid. You only know how to buy the bottom. Do you know where the bottom is?
And even if the decline stops, it's impossible to rebound without a double bottom as a foundation. A rebound usually takes a year and a half. With that time, you can buy any stock. Why are you wasting time here? "
He Zhou was unconvinced. "Then how do you know that this isn't a shock correction? What if the decline is short-term? "
Pan Guangcai smiled and waved his hand. "Just listen to what I say. After a certain decline, it's not as simple as adjusting. Run first. If there's no threat, it's not too late to get in the car. Don't fight against the trend. Once you're sure that it's a downward trend, you can't save it with your strength and confidence alone. Give up for now and wait for an opportunity."
He was different from Li He. He was not addicted to preaching. Once he was sure that the other party did not want to listen, he would not say anything more.
Humans had developed for thousands of years and had summarized many useful experiences and methods. There was nothing new under the sun.
People were still making the same repeated mistakes.
No matter how much he said now, He Zhou might not even listen to him. For some experience, it was better to stumble and experience it personally through blood and tears.
He Zhou said, "Okay, I'll listen to you. Keep the capital first and then plan for the future. Then should I buy more shares in this Baijiu stock now? "
Pan Ying smiled and said, "Take your time. Buy a quarter first and then half tomorrow, depending on the situation."
He Zhou said, "That's not a problem."
With that said, he tapped on his phone twice and bought the shares according to the market price. It was a deal instantly.
Pan Ying said, "Have you thought about what you're going to treat us to for lunch?"
He Zhou said, "Do you still have a conscience? I've already lost so much money and you still have the cheek to ask me to treat you to a meal? Shouldn't you be the one treating me and Uncle Pan? "
Pan Ying said, "Of course I have a conscience. I was just thinking, after you've lost more than ten million yuan, which voice do you think you'll like better when I cry?"
Pan Guangcai laughed as he watched the two of them bicker. After a while, he said, "Alright, stop fooling around. Hurry up. Have you discussed who's going to treat us? I ate early this morning and I'm hungry now."
"There's a Sichuan restaurant near the entrance. It's pretty good. Let's go now." He Zhou locked the door and the three of them walked out of the neighborhood.
At the dining table, Pan Ying chose a stock for He Zhou since he had nothing to do. Then, he smiled and said, "Hold on to it. I won't leave until it doubles."
He Zhou said, "The price of this stock has risen so high. I don't even dare to buy it at such a high price."
Pan Ying said, "In today's market, not only did this stock not fall, but it even rose by two points. What does that mean?"
"It's common sense," He Zhou said casually.
"The stock market has fallen to such a state. Out of the 2,000 stocks that have hit their daily limit, only this stock has risen against the trend. That's what everyone expects. Everyone's emotions are here and they're very confident in this company. How can they resist falling prices? If you want to buy this stock, trust me. Just buy this stock. From tomorrow onwards, if it doesn't hit its daily limit five times," Pan Ying said confidently. "I'll leave my head with you."
"How are you so sure?" He Zhou thought she was bragging.
Pan Ying said, "In the short term, it's still very useful to look at the graph. In some ways, technical people are more reliable."
"I'll trust you this time." He Zhou did not hesitate and directly bought 500,000 yuan. "You'll be responsible for any losses."
Pan Ying said, "At this time, you have to believe in the long term theory because this is the trend of the upward channel. No matter what, there's no reason for it to fall again. You sit tight and wait for the banker to clear the market. Don't be scared and lose your chips easily.
Not only can you not lose your chips, but when there's an adjustment, you have to increase your position at the right time.
Everything is built on the basis of profit. "
"How much have you earned yourself? And you still want to teach me?" He Zhou said impatiently.
Pan Ying said, "I'm not trading stocks anymore. It's not that interesting. If I don't do it well, I might even be accused of manipulating the stock market."
Her father's influence was too great. If her father did not play, she could not play either. Otherwise, she would be tarnishing her father's reputation.
Moreover, at her family's level, there was no need for her to mingle in the secondary market.
If she really could not stand it and wanted to trade stocks, Hong Kong or the US would be her real choice.
"That's true," He Zhou thought about it and felt that it was true. He raised his glass and said to Pan Guangcai, "Uncle, let me toast to you."
Pan Guangcai smiled and responded. After downing his glass, he said, "Don't drink too much. Your Uncle Erhe will treat us tonight."
He Zhou asked curiously, "Uncle Erhe is still in Pu Jiang?"
Pan Guangcai nodded and said, "Your Uncle Erhe is preparing to retire. Now, he's bringing Li Lan to all sorts of places. He's already starting the handover."
He Zhou said, "Uncle Erhe is still young. Why are you all so anxious? As an entrepreneur, retiring so early is a loss for the country and society. "
Pan Guangcai said, "Isn't your mother retired too? Is she too old? "
He Zhou smiled awkwardly and said, "My mother's health isn't too good. I think I should share as much of the burden as I can."
Although he had already taken over the company, the nine-member "Management Committee" that his mother had chosen was still in charge of the overall strategy. Decisions on major issues would be approved by two-thirds of the members and finally reported to the board of directors. In principle, as the chairman of the board of directors, he still had to agree.
Therefore, most of the time, he complained to himself that he was just a decoration. It didn't matter whether the company had him or not. Other than attending the weekly board meeting, he spent most of his time idling away and satisfying his fantasy of being a stock god. Pan Ying smiled.
"How are you sharing the burden? You're obviously not doing your job properly. Don't get addicted to the stock market. I heard that there's a rich second-generation heir from Jinnan. After his father passed away, his son took over his father's business and lost his main business. He's about to go bankrupt."
"Then you're thinking too much." He Zhou wasn't worried at all. According to his mother, he had to have the ability to squander even if he wanted to.
Pan Guangcai said, "In other words, we've worked so hard for our family business to be used by you. Don't be afraid. Just do whatever you want. We're still alive and kicking. If it really collapses, we can still hold it up for you."
"Thank you, Uncle." He Zhou smiled and said, "We can't always be protected by you. If we don't go through hardships, we'll never grow up."
Pan Guangcai said, "It's good that you can think that way. But don't put so much pressure on yourself. You young people, especially those who are cultured and knowledgeable, are the pillars of the country and society. This is all that our generation can do. If we do anything else, we won't be able to keep up, be it in terms of structure or thinking.
Your Uncle Erhe said that the 'Younger, More Educated, More Professional' that the country proposed in the 1980s is not outdated now.
At first, I didn't think much of it. It wasn't until I went to Korea and Japan that I understood the truth of this. Look at people in their eighties and nineties. How does it look to be a chairman?
Only the young have unlimited possibilities. If some industries and industries are always occupied by the old, then this society won't be vibrant and lively. "
"You're thinking quite far ahead. But as the elders, you have more experience and courage. Young people are always so careless." He Zhou agreed with them but humbly said, "They're still lacking in terms of what they can do."
Pan Guangcai said, "Experience and courage are secondary. The main thing is innovation and the attitude towards new things.
A few years ago, I couldn't understand the internet and mobile phone network. Many young entrepreneurs came to me, but I rejected them all. Now that they've become big companies, I regret it. "
He finally understood his stubbornness. He wanted to change, but he couldn't change because he couldn't understand it.
For example, he could never understand why young people could play with their mobile phones all day and be so obsessed with PUBG.
So, since he couldn't keep up with the times, he took the initiative to quit.
"I won't be a stumbling block in history." Pan Guangcai took a sip of wine and said with a smile.
"Uncle, let me toast you again."
Until today, He Zhou still didn't understand how people like his mother and Pan Guangcai, who only had a primary school education, could form their views and structure.
PS: I'll write a little about the foreign chapters first. After that, I'll write a new book. Everyone, please support me!
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