As the conversation was underway, the market opened. Zhao Jun stared intently, afraid of missing any information from the trading screen.
Watching the market was a skill in itself, involving learning to predict, knowing how to act when predictions were met, and what to do when they diverged.
"Boss Xiao Zhang, I was wondering if there's some kind of universal template. If I plug in my stock to this template, it will skyrocket. Then, all data could be quantified, which would be wonderful and free up human resources." Zhao Jun said dreamily. If that were possible, it would be paradise.
Doing nothing, and just dipping into the stock market for a quick profit when short on cash, that would be a truly comfortable life. The thought alone was delightful.
Zhang Tianxing delivered a blow to Zhao Jun's fantasy. "What pleasant dreams are these? That's simply impossible. Even the most effective models have their moments of failure. I can only say you're thinking too simplistically; it's not that easy."
Zhao Jun showed promise. He had astutely identified a problem: humans make mistakes, but machines don't. In the future, quantitative trading would undoubtedly become dominant.
As long as a model could achieve significant profits with minor losses, it could be implemented in actual trading.
However, it was too early to discuss such matters, and Zhang Tianxing didn't fully grasp them yet.
Today, the institutional capital in Fuzhou Machinery performed exceptionally well, surging upwards right after the market opened.
"Brother Qian Shou is here, Brother Qian Shou is here! Will Brother Wan Shou be far behind?" Zhao Jun was so nervous he was almost sweating.
"Boss Xiao Zhang, are you clearing your position today? I personally feel yesterday was a high-volume turnover, and today's low open indicates a very unfavorable sentiment. It's best to retreat and minimize losses," Zhao Jun offered his opinion.
"Don't panic, let's wait and see. No need to rush," Zhang Tianxing said calmly. The low open today was within expectations, but the extent of the sell-off after the open was limited.
A few orders of ten thousand shares had just been dumped, but they barely made a ripple and were absorbed by smaller orders.
Zhang Tianxing rubbed his chin and carefully examined the intraday trend. The support was strong. "Let's hold for now, no need to rush. Let's wait and see."
Hearing Zhang Tianxing's words, Zhao Jun didn't say much more. All he could do now was speak less and act more. He was in a learning phase.
Less than ten minutes later, something astonishing happened.
Someone ignited the market. Five large orders of ten thousand shares were suddenly released, pushing Fuzhou Machinery close to the opening price.
This sharp rebound surprised everyone. Had new institutional investors entered the fray?
"It seems there are quite a few people looking to buy. Now it depends on whether anyone will ignite the board and push it to the limit," Zhang Tianxing hadn't finished speaking when,
The market then showed new developments. A string of large buy orders flooded in.
They were in blocks of 1998 shares or 6666 shares, propelling the stock from the opening price directly to around seven percent.
Here, they encountered resistance from sellers. Several orders of ten thousand shares were dumped, but they were absorbed by the crowd, and Fuzhou Machinery's price stabilized at seven percent.
Zhao Jun's eyes were wide open, afraid of missing a single buy order.
"Isn't this supposed to be like 'one arrow pierces through, and a thousand troops come to meet'? Why isn't anyone igniting the board to seal it?"
"All rallies are for selling. Fuzhou Machinery is finished."
"I've blacklisted Fuzhou Machinery in my watchlist. I should remove it."
"This is a company that breaks its word. We shouldn't have any dealings with them; they're the kind who devour people without spitting out the bones."
Zhao Jun gathered information online while watching the chatroom and finally spoke.
"Boss Xiao Zhang, everyone online is saying Fuzhou Machinery is rallying to sell. How about we take this opportunity to sell some?" Zhao Jun proposed his suggestion.
In the stock market, there's a very valid saying: all rallies are for selling.
The current market situation for Fuzhou Machinery was clear: institutional capital had entered, driving the price up to seven percent.
Then, continuous large orders emerged at this position, but they were absorbed by the collective market force.
The stock price was currently fluctuating between six and seven percent.
Zhang Tianxing shook his head. "No rush. Let the bullets fly for a while. We'll wait and see."
"Boss Xiao Zhang, aren't you afraid of losing some money if we wait?" Guo Jiajia asked. When the stock opened low earlier, she had been terrified, fearing another limit-down opening.
Fortunately, it had bounced back. In the initial sharp sell-off, her palms had been sweating, and she had wanted to click "clear all" with one button.
But then she realized they had already far exceeded expectations. The textbook-like maneuvers by Zhang Tianxing in the previous two days had drastically reduced their cost basis.
If they had run immediately at the opening, like other institutions, they would have lost thirty percent.
"We don't aim to sell at the peak. We generally wait for profit retracement, and then exit within our defined parameters," Zhang Tianxing simply explained his strategy.
"Oh, so your trading method is also quite standardized. You exit after a certain profit retracement, and cut losses after a certain percentage of loss," Guo Jiajia instantly understood the operational logic.
While they were talking, the Fuzhou Machinery market moved.
Orders of ten thousand shares were aggressively bought. As everyone watched in surprise, Fuzhou Machinery had already hit the limit-up.
And at the limit-up price, there were seventy thousand shares locked in.
Everyone's eyes widened. Zhao Jun couldn't believe it. "Am I seeing this correctly? It's only 9:50 AM, and it's already limit-up so strongly. Why is this happening? Wasn't the rally supposed to be for selling?"
"The saying 'all rallies are for selling' isn't wrong, but you also have to consider the position. Fuzhou Machinery's current position can only be considered relatively low, not high. This is because the previous few limit-down days, with no volume, trapped everyone inside," Zhang Tianxing admitted he didn't know why Fuzhou Machinery had limit-up so strongly, but seeing this, he felt reassured.
"Right, Senior Zhao, your main task today is to observe if Fuzhou Machinery's locked-in orders are stable. If they're not, we'll sell one-third. If they are stable, we'll wait until tomorrow," Zhang Tianxing instructed Zhao Jun again.
Although Fuzhou Machinery hitting the limit-up was good news, Zhang Tianxing was currently unsure of the reason, which was awkward. He couldn't decide whether to hold or sell.
Then he thought, since they had come this far, they might as well hold for now. After all, the B-share market should pick up soon. When would the market explode? He'd been waiting forever.