2022/12/24/Exceptional point of view - Core tip: Although the index is still above 3000, a large number of funds have recently experienced the largest retracements of the year, especially in individual pharmaceuticals, new energy, etc., resulting in extremely poor experience for fund holders, and it is still difficult to make up for the huge losses even after giving up previous profits.
Take the two funds held by the author as an example. invested in Morgan core, and its holdings are biased towards renewable energy. In the first half of the year, it followed the general trend and had a sharp rebound, completing a round of standard smile curve. In the second half of the year, it returned to the decline. It has been nearly a year since the publication of this article. New lows, the previous concerns about so-called flying sales have disappeared in the face of reality. In the context of a bear market, any reduction in positions on highs is the right choice, and the current continuous buying at new lows is to reserve chips for selling at new highs on the right side in the future. In a word, the current lowest price in the past year is actually the largest retracement in history. Is it already the worst, so why worry about getting worse?
Let’s look at another more tragic case, Qianhai Kaiyuan Medical Health. Neither China Europe Health nor ICBC Frontier, which are in the same sector, have hit annual lows recently. Only this guy has seen endless declines. Last week In the first half of the period, I hit record lows, causing my losses to reach a record 46 points. This was the result of reducing the profits from two years ago. Currently, the base has updated the historical maximum retracement data to as high as 62 points. It is amazing that an industry base can lose two-thirds of its net worth in one and a half years. Fortunately,
has accumulated more than ten years of hard work in the base market, and has already developed an invincible golden body. If you dare to fall, you will naturally dare to buy. The best way to maintain your base and deal with the decline is to buy continuously. Only by going against the wind can we usher in the future rebirth.
The biggest retracement is the biggest opportunity. Don't be timid and extend the cycle. You will be grateful for the current big drop, because only the big drop can produce excess returns in the future.
