During the National Day holiday, A-shares were closed while Hong Kong stocks continued to soar, giving people who did not understand or had no exposure to the stock market hope of getting rich overnight.
They mortgaged their houses and cars and invested all their savings in the stock market, hoping to get rich overnight, double their money quickly, and realize their dream of retiring early.
But the results were not satisfactory.
On October 8, the first trading day after the holiday, the stock market soared 10%. This was certainly a great harvest for investors who had already been in the stock market, but it was a disaster for new investors who had just bought in.
Information source: Beijing Daily Client--A shares continue to soar! The Shanghai Composite Index opened up more than 10% on the first day after the holiday--2024-10-08
Before it could double, the money evaporated in an instant. One investor even said that he invested 1 million yuan and suffered a direct loss of 200,000 yuan!
The stock market is changing rapidly
A week before the holiday began, the upward trend of A-shares was very significant, especially on the last day, with the sharp rise giving investors a real gold and silver National Day gift.
More than 200 million stock investors went on a frenzy overnight, with major software programs topping the hot search lists with news of the stock surge. This made many ordinary people who had never paid attention to stocks before start paying attention to stocks.
Everyone has the dream of "getting rich overnight", and the skyrocketing stock prices have given many people hope.
Although A-shares have been closed for seven days starting from October 1 due to the National Day holiday, Hong Kong stocks and Chinese stocks have had a shorter break and have been operating in recent days.
Some investors who expected the stock market to rise, and ordinary people who were attracted by the rise, invested their assets in Hong Kong stocks and Chinese stocks listed in the US.
This holiday, neither stock disappointed investors.
Among Hong Kong stocks, the Hang Seng Index rose by more than 8% during the National Day holiday, and the Hang Seng Technology Index rose by more than 12%.
These are not just stocks that have seen huge gains domestically, they are also the best performing major stock markets worldwide.
As of the 7th of this month, Hang Seng Group's year-to-date increase has exceeded 34%.
In addition to the Hang Seng, in the past week, the FTSE China A50 Index futures rose by more than 14%, and the Nasdaq China Golden Dragon Index rose by more than 11%. During the same period, the three major US stocks rose by no more than 1%.
Such a huge gap is also related to the interest rate cut in the United States.
Yesterday, the A-share market ended its seven-day holiday and welcomed the first opening day after the holiday.
As the Hong Kong stock market continues to rise and rises on September 30, investors are eagerly looking forward to the first trading day.
As everyone hoped, the stock price rose by nearly ten percentage points at the opening, and the Shanghai Composite Index opened above 3,600 points, which had almost never happened before.
Information source: China Economic Net--A-share market rose sharply, nearly 800 stocks hit the daily limit--2024-10-09
As of yesterday's closing, the Shanghai Composite Index rose more than 4%, the Shenzhen Component Index rose more than 9%, the ChiNext Index rose more than 17%, and the turnover of A-shares reached 3.48 trillion yuan, an increase of more than 800 billion yuan compared with the previous period.
The current situation is very good, the market is very active, and most investors are excited because of the "high returns".
But this is not the case for everyone, especially novice investors, who not only did not make any money from their investments yesterday, some even suffered losses.
The anchor was "cyberbullied" because of his prediction
On the short video platform, there is a blogger named Da Lan, whose videos mainly predict the stock market's daily limit.
Starting from September 24, his predictions have been very accurate. A-shares did continue to rise in the week before the holiday.
During the National Day holiday, his predictions came true, with Hong Kong stocks surging and gold prices falling.
On October 7, before the A-shares opened, the blogger once again predicted that the A-shares would surge, which had been brewing for the previous seven days.
Because his previous predictions were accurate and he is a well-known blogger with millions of followers, his words have won the trust of many investors.
But what Da Lan didn't expect was that even though his prediction was correct, he would be cyber-bullied!
A shares had a "booming start" on October 8, rising directly by 10 percentage points.
Source: Beijing News Network - There is constant news during the National Day holiday, how will the stock market perform after the holiday? --2024-10-07
Investors were cheering, but they didn't expect the stock to open high and end low.
At the close of the market, the overall market was still up compared to the 30th, but some investors still suffered losses.
The reason is that you bought at the highest price.
Since the stock market opened high and closed low yesterday, some new investors had no experience and had no accurate concept of 3,600 points.
I thought that according to the current situation, the market would continue to rise.
So they bought in at the highest point, but they didn't expect that by the afternoon, the situation had changed and the new investors started to lose money before they could make any money.
Therefore, some of Da Lan's fans directed their criticism at the anchor.
He claimed that he bought the shares because of him, and even mortgaged his house and car for the purpose, and invested all his money in preparation for a big move, but in the end he lost 200,000 yuan out of 1 million yuan in an instant.
This figure is truly shocking, equivalent to the evaporation of one-fifth of the principal.
The netizen also said that because the loss was too great, he immediately liquidated his position and wanted to stop the loss in time, but the stock price rose again and he was unwilling to give up, so he invested again, and the situation has been neither going up nor down.
In fact, the current situation of this netizen is also the current situation of many stock investors. They want to make a fortune overnight by relying on stocks, but they are afraid of stock losses and their assets being wiped out in an instant.
However, some netizens have questioned this number.
Some people said that he was not good at math, some knowledgeable investors said that if you buy any stock at the highest point, it would be impossible to lose 200,000 yuan, and some netizens questioned whether he liquidated his position immediately.
At present, it is just the one-sided words of netizens, without any substantial evidence to support it, so we cannot judge whether it is true or false.
However, one thing we can confirm is that stock trading really requires caution, especially for ordinary people.
The stock market changes rapidly, and a 1% drop can be a heavy blow to ordinary people.
If you are a young person and don’t have much assets, you may even need to mortgage your house and car and invest everything you have in the stock market. If the stock market goes up, everyone will be happy, but what if it goes down?
Can ordinary people bear risks, or do they have the ability to bear risks?
Even if the price continues to rise after purchase and your assets double, will you be able to withdraw in time?
If you have tens of millions of assets, or if you only invest a small portion of your assets, or if you are someone who studies the stock market and enters the stock market, you will naturally not suffer heavy losses due to a sudden crash.
But if you are an ordinary person, you still have to be cautious about stocks. We have worked hard for many years, and our cars, houses, and savings are all earned with our hard-earned money.
If this results in people losing both their money and their families being broken up, it would be a loss for us.
