Chapter 86: Governing the Many is Better than Governing the Few
After dinner, Li Xuyao and Wan Xingyuan returned to the company. At around two o'clock in the afternoon, the ordered computer was delivered. After assembly, Li Xuyao turned on the computer and looked at the meeting board.
Luoping Zinc Electric has had two consecutive trading days. Today it opened low, then shot higher and then fell back, with a maximum increase of 8.64%. It shot higher in the afternoon, and the bulls expressed a relatively strong will.
Li Xuyao didn't want to do anything like T. First, he planned to hold the position and wait for it to rise. There was still a lot of room behind him. He was worried that if he sold it today, he would not be able to find a good price to take the goods back. Moreover, after it rose, it had already
It's almost 2 o'clock, and I don't have much time left for myself. I might as well do nothing and just watch quietly.
Another point is that because of meeting Chu Xiangzhu again, my mind is no longer on the stock market. I just look at the market to find something to do. Once I stop, I will have random thoughts.
After the market closed, the Shanghai Composite Index had three consecutive positives, and the increase in two trading days was more than 1%. According to Li Xuyao's understanding, the bull market has begun.
However, the GEM has just experienced a decline of 2.73% and a decline of 1.64%, which can be regarded as another bottom. A reversal is coming.
A better strategy in a bull market is to hold stocks and wait for them to rise. In a bull market, individual stocks rise one after another. Once the individual stocks they hold lag behind in growth, stock investors may have a mentality of looking at the higher mountains and thinking about going up.
Chase stocks with higher gains.
But often the final result is that the bear enters the corn field, breaks off the corn cobs one after another, and finally can only walk away with one. The corns that were once owned can only lie behind the head, and have nothing to do with themselves.<
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Frequent exchange of stocks in a bull market means that it is easy to lose sight of the other. After exchanging one stock, you will feel that the other one is more attractive, so you continue to exchange stocks. When you see that the stock you exchanged has gone up, you will regret it again.
A little patience can make a lot more money than being impatient.
Early on Friday morning, Li Xuyao saw Chu Xiangzhu, and a stone fell into his heart. It would be great if he could come to work, but he was afraid that she would run away quietly.
At 9 o'clock sharp, Wan Xingyuan's classmate came for the interview. Li Xuyao was a little surprised when they met.
This trader is a woman. Li Xuyao feels that female traders may be as rare as female programmers, even rarer than female fund managers.
However, it is also understandable why Wan Xingyuan was so happy when Li Xuyao asked if he had anyone to recommend.
Li Xuyao asked: "You..."
Wan Xingyuan smiled awkwardly and said: "The relationship between classmates is not that kind of relationship. Mr. Li, this is a classmate who is one level above me, Fang Fei. Sifang's Fang, Faye Wong's Fei."
Li Xuyao was a little confused: "Is it Faye Wong or the princess?" After saying this, he couldn't help but laugh.
Fang Fei explained: "The beauty of April in this world is as beautiful as that."
Li Xuyao suddenly realized: "Oh, let's talk casually. Your previous private equity firm was also disbanded due to poor performance?"
Fang Fei said: "Yes, Mr. Li. The company's performance was not satisfactory and it reached the liquidation line. After the last product was liquidated, and because it could not raise new funds, the company was dissolved. The boss said that he would return to his hometown to develop animal husbandry, so
Just raise pigs."
Li Xuyao asked: "How long have you been a trader? Did you do other jobs during this period?"
Fang Fei replied: "I am just a trader, and I have been working hard for two years."
"How big is the plate you are operating?"
"35 million, the peak was 50 million."
"Which one comes first, 3500 or 5000?"
"5,000 first, it was liquidated because of a loss of 3,500."
"If I ask you to operate a stock, but you think this stock may bring losses, what will you do?"
"I will report to you as soon as possible and explain the reasons why this stock may suffer losses. Of course, if you don't accept it, I will still follow the instructions. After all, I am a trader, not a fund manager."
"Have you ever done any industry analysis yourself?"
"I am studying, and recently I have been researching new energy vehicles. I think it is a better development direction in the future. There are many sub-sectors in this area, and there may be great potential."
"It's really good that you have this insight. I hope you can continue to study. Then you may be like Xiao Wan, a part-time researcher. Of course, the more you work, the more you will get, and this will be reflected in the bonus."
"So what Mr. Li means is that I have been admitted?"
"Welcome to join our company!" Li Xuyao extended his right hand.
Fang Fei smiled broadly and stretched out her hand to shake Li Xuyao's hand.
Li Xuyao explained again: "By the way, your salary is the same as Wan Xingyuan's, which is also 15,000 a month, and the bonus depends on performance."
When Fang Fei heard the salary, she was obviously very satisfied and asked happily: "Do you want me to start working from today?"
Li Xuyao said: "If you have nothing to do, just start today. You can choose a workstation by yourself. There may be a lot of things during this period. You, Xiaofang and Chu Xiangzhu can deal with it together and help each other.
”
Fang Fei went over and chatted with Chu Xiangzhu for a while, then chose the seat next to Wan Xingyuan and turned on the computer.
Chu Xiangzhu's position is at the far edge. If Li Xuyao was sitting in his office, he would not be able to see Chu Xiangzhu.
Li Xuyao couldn't tell for a while whether Chu Xiangzhu had really let go of the past and was able to come to work regardless of past grudges. Or was he really forced by life and could only bow to reality? Should he help her? If so, he would
What are your intentions so that she won’t be misunderstood?
Now is not the time to worry about this. It is better to get things done in the company first and treat her as an ordinary employee.
Li Xuyao returned to his office and looked at the market. The GEM has risen by 1.2%, and the Shanghai Composite Index has risen by 2 points, attracting five consecutive positives.
Now with the blessing of the market index, even if the funds currently being operated are many times larger than before, Li Xuyao is confident that he will do well, and perhaps he can work hard dozens of times.
In the Military Strength Chapter of "The Art of War" by Sun Tzu, the first sentence is, "When it comes to governing a large number, it is better to govern a few, and the score is the same." According to the military explanation, those who manage many are the same as those who manage few. That is because the army is organized.
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Wu Qi also said, "Victory is achieved by governing, not by being outnumbered."
Some public funds control 100 billion and can handle it with ease, because they have position management.
The importance of position management lies above technical analysis. Many funds obtain excess returns through position management.
Li Xuyao is still trading one ticket for full positions now, but when the funds reach the 1 billion level or even the tens of billions level, he will no longer be able to buy all positions. At that time, he will have to divide the positions and do position management.
Position management is like arranging troops. At that time, in my eyes, what I had to consider was not the amount, but the percentage of funds in total assets, such as dispatching a battalion or a division.
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Or dispatch a division and then divide it into several battalions. Just like position management, you can place a 30% position in a certain industry, then select a few stocks in this industry, and then build positions separately.
After the basic position is established, the position is adjusted by adding positions at low positions and building positions at high positions. Just like Li Xuyao adjusted the position in the fund that he assigned to others before.
Chapter completed!