Don't Mistake Luck for Ability
Weekly Market
Period: 20200330-20200403
| Market | Index | This Week (%) | 1 Week Ago (%) | 2 Weeks Ago (%) | 3 Weeks Ago (%) |
|---|---|---|---|---|---|
| Shanghai Composite | 2796.63 | 0.58 | -0.3 | 0.97 | -4.91 |
| Shenzhen Component | 10298.41 | 1.17 | 0 | -0.4 | -6.29 |
| ChiNext Index | 1949.88 | 1.72 | 0.15 | -0.58 | -5.69 |
| Hang Seng Index | 24300.33 | 4.38 | -1.06 | 2.98 | -5.11 |
| HSCEI | 968.46 | 4.06 | 1.25 | 3.98 | -5.99 |
| Red Chip Index | 3803.18 | 5.9 | 2.06 | 3.76 | -6.63 |
| Dow Jones | 23719.37 | 10.77 | -2.7 | 12.84 | -17.3 |
| Nasdaq | 8153.58 | 8.9 | -1.72 | 9.05 | -12.64 |
| S&P 500 | 2789.82 | 10.4 | -2.08 | 10.26 | 14.98 |
This week, the Shanghai Composite Index rose 0.58%, the Shenzhen Component Index rose 1.17%, and the ChiNext Index rose 1.72%. The HSCEI and Red Chip Index rose sharply by 4-6%, and the three major US indices rose sharply by 9-11%.
Northbound funds suspended trading due to overseas holidays, and the cumulative net inflow in the three trading days this week was 9.221 billion yuan.
Events
Affected by policies to boost domestic demand, biomedicine, leisure tourism, and food and beverage led the gains this week.
The three major operators jointly released a white paper on 5G messaging, and the RCS index rose 18.59% in 5 days. Subsequent leading stocks Zhongjia Bochuang, Shenzhou Taiyue, and Hailian Jinhui are expected to become leaders.
Positions
Continue to add positions at low prices in technology, consumption, and commercial theme funds.
| Type | Code | Name | Action |
|---|---|---|---|
| Stock | SH000889 | Zhongjia Bochuang | Hold |
| Stock | HIMX | Himax Technologies | Hold |
| Fund | F210008 | Golden Eagle Strategy Allocation Mixed | Add |
| Fund | F519674 | Galaxy Innovation Mixed | Add |
| Fund | F005311 | Wanjia Economy New Kinetic Energy Mixed A | Add |
| Fund | F000363 | Guotai Juxin Value C | Add |
| Fund | F005911 | Guangfa Dual Engine Upgrade Mixed | Add |
| Fund | F161725 | China Merchants Liquor Graded | Add |
| Fund | F163415 | Xingquan Commercial | Add |
Thoughts
On April 2, I bought Zhongjia Bochuang at 9.68 yuan, which was completely based on the rise of new infrastructure. On April 7, the RCS concept turned out to be the hottest topic. Zhongjia Bochuang rose 46.34% in the week, with considerable floating profits. It was neither inside information nor god-like stock selection, but pure dog shit luck. Recorded in the book to prevent bragging in the future.
On the contrary, Himax Technologies, which was bought on March 20 and held until now, with a floating profit of 24.95%, took a lot of effort in stock selection and timing.
I often hear people say that money earned by luck is lost by ability. This is not a poisonous chicken soup, but a proverb. Ability is strong or weak. People with weak ability, even if a pie falls into their hands, cannot hold it, because the free-falling pie is too fast, and the arm strength is insufficient. Not only can they not catch the pie, but if they catch it recklessly, they may hurt their hands.
Published at: Apr 11, 2020 · Modified at: Dec 4, 2025
